Cars - Production, Selling, Marketing Essays - Consumer Theory

Cars - Production, Selling, Marketing 1. People looking to trade in their old car for money off of their new car become discouraged with the low trade in value, and decide either not to buy a new car at all or to buy a cheaper model. The lower car sales is a reduction in demand, because the decrease in resale value of used cars is not changing the prices of the new cars, as a change in quantity demanded would suggest, it is changing what people are willing to pay for the cars. A graph of the new demand curve would actually be shifted to the left of the old demand curve, because the price of new cars has not changed, but the number of new cars being sold has changed. 2. Escalating consumer debt, higher interest rates, and slow growth in real income are all making it difficult for consumers to purchase cars. These factors also are not changing the price of cars, and so they are changes in demand, not quantity demanded. In other words, these factors are shifting the entire demand curve to the left. 3. Ford and Toyota are making the price of buying a new car cheaper, hoping that more people will want to purchase new cars. This is an attempt to change the quantity demanded. Ford and Toyota are hoping that their efforts will move them downward on a demand curve, hence more will people buy the less-expensive new cars. An advertising campaign. If Toyota and Ford were to start a new advertising campaign, they would be attempting to change the demand. With a new advertising campaign, the car companies are hoping that the demand curve would shift back to the right and more people would buy the cars they are making at a price that returns their profit to its original level. Answers to Use Your Economic Reasoning on pages 82 & 83 1. The U.S. has already mined most of its high-quality, accessible natural resource deposits. Other countries still have many high-quality, accessible deposits of natural resources. 2. Technology is helping U.S. firms to lower costs, by increasing their productivity while decreasing their human labor force. Using technology, the productivity of each employee within the firm is very high. The pay role for employees is less simply, because there are much fewer employees, but the profits of the company increase, because the productivity increases. 3. Technological advances in the mining industry are not changing the prices of the products, but they are changing the amount of product produced. The coal industry wants to sell more products at the same price, thereby moving the demand curve to the right. This is a change in supply not in quantity supplied. Answers to Use Your Economic Reasoning on pages 92 & 93 1. See Graphs at bottom of next page. As the demand was going up for students with college degrees the supply was not able to keep up. More and more companies were willing and able to pay for college educated people, but there were not enough college graduates to go around. So the companies that got the college graduates were the ones who were willing to pay the most money. These inflated the entire market of incomes for college graduates, because the demand was so much greater than the supply. 2. Now we will find that the supply of college graduates is gradually catching up to the demand for them. Unless the demand for college graduates continues to grow, as I suspect and hope it will, we will reach an equilibrium were the only difference in pay between high school and college graduates will be the cost of going to college. In this case, the amount that people are willing to pay for a college graduate will not be as high because there are a lot more college graduates in the market. The supply will also level out, because high school students will no longer believe that it is to their advantage to go to college, because the incentive is not that great. Answers to 1, 2, & 7 of Problems and Question for Discussion on pages 104 & 105 1. To me a need is something that you literally can not live

101 The Conversation and They Say Professor Ramos Blog

101 The Conversation and They Say The Conversation Quick Write What is the difference between writing in high school and writing in college? The Conversation We have already learned two important concepts: Literacy Writing Process The third concept is the metaphor of the conversation. What we are studying now, has a long history. People have been writing and researching everything you can think of. For example, the conversation on how to speak well goes back a couple thousand years to Aristotle, Plato, and others that came before. How does this relate to writing? Everything you will write about from now on, needs to be based in a conversation. A scholarly one, a scientific one, a popular one. To know what has been said before, you need to read and research. Why does this matter? Burke’s â€Å"Unending Conversation† Metaphor Kenneth Burke writes: Imagine that you enter a parlor. You come late. When you arrive, others have long preceded you, and they are engaged in a heated discussion, a discussion too heated for them to pause and tell you exactly what it is about. In fact, the discussion had already begun long before any of them got there, so that no one present is qualified to retrace for you all the steps that had gone before. You listen for a while, until you decide that you have caught the tenor of the argument; then you put in your oar. Someone answers; you answer him; another comes to your defense; another aligns himself against you, to either the embarrassment or gratification of your opponent, depending upon the quality of your ally’s assistance. However, the discussion is interminable. The hour grows late, you must depart. And you do depart, with the discussion still vigorously in progress. Journals Journals from now on should begin with a summary of the reading. Pick a point or topic to summarize. Chapter 2, which we are reading for next class, explains how to summarize and gives so tips. After reading chapter 2, summarize the reading Cullington, Does Texting Affect Writing? Sample Literacy Narratives Rediscovering Reading Protect Yourself at All Times â€Å"They Say† Chapter 1 argues that good academic writing responds to what others are saying. What â€Å"They Say† is important to include in academic writing and is one way we can include the conversation when we write. The chapter includes templates for introducing standard views, implied or assumed and ongoing debates. Why do you think this is important? Entering the Conversation The introduction to the textbook, page 1, explains that the book relies on templates to help us do the basic moves of writing. The templates are guides that when used help us to structure and generate our own writing. We will talk a lot about approaches to writing and how to think about writing, as well as use the templates provided to help us practice the principles of writing. State your own ideas as a response to others. You are just entering a conversation that has been going on for thousands of years. You are not expected to know everything, but you are expected to begin to understand what others have said before and how to find it. To argue means more than just stating your own position. To argue you need to enter into a conversation with others views. Then you can try to convince others of your position or just to see your position as valid. Where does Carr include the conversation in his article? Nicholas Carr Is Google making us Stupid? Carr argues that the internet affects our cognitive capacities, diminishing out ability to concentrate and to learn. Take two minutes and write something to share with the class. Why does Carr begin with lines from  2001: A Space Odyssey? Literacy Moment You should begin to narrow down the literacy you are interested in writing about. To get us thinking about that literacy, pick a scene related to it from your past experience. It can be in the car with your dad, it can be sitting on your mom’s lap reading a book, etc. Pick one scene and draw it out on a piece of paper. Use the full page, add as much detail as you can remember. Share your drawing with a neighbor. Tell them about the moment and the literacy. What you just shared with your neighbor, write it down. Keep it short, one to two paragraphs. Quick Write In your own words, what is the Conversation? Homework Chapter 2 (â€Å"Her Point Is†: The Art of Summarizing) MICHAELA CULLINGTON â€Å"Does Texting Affect Writing?†Ã‚  p. 462  JOURNAL 2 Bullying is unwanted and aggressive behavior that involves an imbalance of power and is repeated. There are three characteristics to bullying: unwanted and aggressive behavior an imbalance of power and is repeated.101 The Conversation and They Say The Conversation Quick Write What is the difference between writing in high school and writing in college? The Conversation We have already learned two important concepts: Literacy Writing Process The third concept is the metaphor of the conversation. What we are studying now, has a long history. People have been writing and researching everything you can think of. For example, the conversation on how to speak well goes back a couple thousand years to Aristotle, Plato, and others that came before. How does this relate to writing? Everything you will write about from now on, needs to be based in a conversation. A scholarly one, a scientific one, a popular one. To know what has been said before, you need to read and research. Why does this matter? Burke’s â€Å"Unending Conversation† Metaphor Kenneth Burke writes: Imagine that you enter a parlor. You come late. When you arrive, others have long preceded you, and they are engaged in a heated discussion, a discussion too heated for them to pause and tell you exactly what it is about. In fact, the discussion had already begun long before any of them got there, so that no one present is qualified to retrace for you all the steps that had gone before. You listen for a while, until you decide that you have caught the tenor of the argument; then you put in your oar. Someone answers; you answer him; another comes to your defense; another aligns himself against you, to either the embarrassment or gratification of your opponent, depending upon the quality of your ally’s assistance. However, the discussion is interminable. The hour grows late, you must depart. And you do depart, with the discussion still vigorously in progress. Journals Journals from now on should begin with a summary of the reading. Pick a point or topic to summarize. Chapter 2, which we are reading for next week, explains how to summarize and gives some tips. After reading chapter 2, summarize the reading. Sample Literacy Narratives Rediscovering Reading Protect Yourself at All Times â€Å"They Say† Chapter 1 argues that good academic writing responds to what others are saying. What â€Å"They Say† is important to include in academic writing and is one way we can include the conversation when we write. The chapter includes templates for introducing standard views, implied or assumed and ongoing debates. Why do you think this is important? Entering the Conversation The introduction to the textbook, page 1, explains that the book relies on templates to help us do the basic moves of writing. The templates are guides that when used help us to structure and generate our own writing. We will talk a lot about approaches to writing and how to think about writing, as well as use the templates provided to help us practice the principles of writing. State your own ideas as a response to others. You are just entering a conversation that has been going on for thousands of years. You are not expected to know everything, but you are expected to begin to understand what others have said before and how to find it. To argue means more than just stating your own position. To argue you need to enter into a conversation with others views. Then you can try to convince others of your position or just to see your position as valid. Where does Carr include the conversation in his article? Nicholas Carr Is Google making us Stupid? Carr argues that the internet affects our cognitive capacities, diminishing out ability to concentrate and to learn. Take two minutes and write something to share with the class. Why does Carr begin with lines from  2001: A Space Odyssey? Literacy Moment You should begin to narrow down the literacy you are interested in writing about. To get us thinking about that literacy, pick a scene related to it from your past experience. It can be in the car with your dad, it can be sitting on your mom’s lap reading a book, etc. Pick one scene and draw it out on a piece of paper. Use the full page, add as much detail as you can remember. Share your drawing with a neighbor. Tell them about the moment and the literacy. What you just shared with your neighbor, write it down. Keep it short, one to two paragraphs. Quick Write In your own words, what is the Conversation? Bullying is unwanted and aggressive behavior that involves an imbalance of power and is repeated. There are three characteristics to bullying: unwanted and aggressive behavior an imbalance of power and is repeated.