Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer's demand for the product is Qd = 50 - .25P. Determine the optimal number of units to
Determine your optimal markups and prices under third-degree price discrimination. Identify the conditions under which third-degree price discrimination enhances profits. Explain.
The company decided to raise the price about 10%. How much change in the number of units sold can the company afford and still be no worse off?
What is an example of a company that deals with a certain business risk. As a manager, how would you assess the risk and specifically the probability of outcomes?
Critics have argued that if there are strong factor substitution effects, these subsidies could reduce employment in the state. Explain their argument. How does this affect the labor market?
What is the Travel Cost Method (TCM) of estimating environmental benefits? Within your discussion, be sure to provide its strengths and weaknesses.
What is the competitive quantity (Qc) and competitive price (Pc) of water in Paris? What is the efficient quantity (QE) and efficient price (PE) of water in Paris?
What are your firm's profits if you charge $25 for product X and $50 for product Y? What are your profits if you charge $60 for product X and $140 for product Y?
Determine the optimal two-part pricing strategy. How much additional profit do you earn using a two-part pricing strategy compared with charging this consumer a per-unit price?
The short run is the number of hours worked by people on its payroll, would shifting from paychecks to payroll cards reduce the firm's total fixed costs or its total variable costs?
The maximum fees that they said they were willing to pay. How does the bank's finding relate to economist's traditional focus on what people do, rather than what they say they will do?
If the interest rate is 12 percent and each rug cleaner costs $500, how many should the manager buy? a. none b. two c. one d. four e. three
Which strategy offers both Westinghouse and General Electric the best financial outcome? Why do we see that the strategy that results is not the strategy that offers both players the best financial ou
If you make the percentage price change that you calculated in part a) will total revenue increase or decrease? How do you know?
He now pays himself $25,000 per year while he is building the new business. What is the economic cost of the time he contributes to the new business?
Quality ingredients yet all go under the name of Linda and Larry's Homemade? As an MBA graduate, what advice would you give Linda and Larry on their two cookie product lines and company image?
Calculate accounting profit. What are the opportunity costs for the manager of being in this business relative to returning to his old job? what is the economic profit of the business?
The text argues that individual behavior was not at the core of Enron's problems. What were the problems with this corporation from an organizational architecture point of view?
Its labor force has increased from 500 to 575. All measurements are in real terms. calculate the contributions to economic growth in capital, labor and productivity.
For many corporations such as utility companies, a major portion of the cost of production is fixed in the short run. Should these very large fixed costs be ignored when the executives are making o
If the reserve requirement is 10 percent, what is the maximum loan that First bank can make, and what is the maximum increase in the money supply based on First bank's reserve position?
Create a flow chart that illustrates the steps in the accounting cycle. Include any other relevant information in the chart that would apply within the steps.
If each firm is making the same quantity, Acme has lower average total costs than Generic. Acme's average total costs are equal to Generic's variable costs.
A major portion of the cost of production is fixed in the short run. Should these very large fixed costs be ignored when the executives are making output and pricing decisions? Why?
A net salvage value at this time of $6,000. The firm's MARR value is 12%. Determine the annual capital cost (i.e., Annual Worth on a cost basis) for the equipment.