Question

please If you cant answer the question, dont answer. thats the third time im posting this to get the right answer.

In these questions, let's assume that all the people involved have the same income.

a) What type of people are more likely to eat resturaunt meals? TV dinners? Why?

b) Why do some people tip? Eat too much? Smoke?

c) Why do some people give charilty? Are you more likely to give charity to a down on her luck FIT graduate or a equally poor down on her luck Brooklyn College grad? Why?

Note that your answers (and follow-up discussion) MUST be based on the tools of economics covered in this module (meaning utility theory). Remember, everyone, rich and poor, experience positive and negative utility.

1) How licensing royalty rates do increase the retail prices, what are some examples of this?

2) Also, can you think of ways where licensing royal rates decrease retail prices, and if so what are some examples?

Answer 1

a) Mostly people who are staying away from homes and employees who are working and cant reach home during lunch hour are the people who most likely to eat these meals and dinners

b) Some people tip as a generosity for the person who render a service. Some people eat too much either the food they are eating is tasty or they must be hungry.

Some people smoke first as they start to see how it will be or for style as others are smoking. But after sometime it will became and addiction which spoils our health.

c) Some people give charity as a humanity because if they are able to donate something which will help others they try to do. I will donate to that poor college grad becuase a fit graduate will not need money for his studies but a poor graduate requires money complete education. It is better to help people in need rather than people who are not in any need.