Chapter 68, Problem 1CYU

a)

To determine

To explain: Whether the advertisement explaining the benefits of aspirin is beneficial for consumers.

Explanation of Solution

Yes, the advertisements explaining the benefits of aspirin will be very useful from the standpoint of consumers. As there are times when a patient needs a medicine but is not aware of the benefits and side effects of that medicine. So, the advertisement explaining the benefits that the patient will derive after consuming this medicine would be of great help to the patient, and the patient can take this medicine in case of need without consulting a doctor and can get relief from the pain.

Economics Concept Introduction

Introduction:

Advertisements are defined as a piece of information on television, in a newspaper, or a picture on a wall, etc., that persuades people to purchase something or provides them with interest in a new job.

b)

To determine

To explain: Whether the advertisement explaining the benefits of bayer aspirin is beneficial for consumers.

Explanation of Solution

Yes, the advertisements explaining the benefits of bayer aspirin will be very useful from the standpoint of consumers. As there are times when a patient needs a medicine but is not aware of the benefits and side effects of that medicine. So, the advertisement explaining the benefits that the patient will derive after consuming this medicine would be of great help to the patient and the patient can take this medicine in case of need without consulting a doctor and can get relieved from the pain. Advertisement will help the consumer to be aware of the possible side effects also so that the consumer can take right decision for him and in case of confusion the consumer can always consult a doctor.

Economics Concept Introduction

Introduction:

Advertisements are defined as a piece of information on television, in a newspaper, or a picture on a wall, etc. that persuades people to purchase something or provides them with interest in a new job.

c)

To determine

To explain: Whether the advertisement describing for how long a plumber and electrician has been in business.

Explanation of Solution

Yes, this advertisement will be extremely beneficial as the consumer can decide from a list of plumbers and electricians the one which is best for the nature of work they want to get accomplished. This will save their time and effort in deciding whom to call for work.

So, this advertisement will be of great help to those who have a huge work to get done.

Economics Concept Introduction

Introduction:

Advertisements are defined as a piece of information on television, in a newspaper, or a picture on a wall, etc. that persuades people to purchase something or provides them with interest in a new job.