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dicussion week 1 Economic
"Scarcity Problems"Watch this short video: Scarcity: The Basic Economic Problem to help you think about this week’s disc ...
dicussion week 1 Economic
"Scarcity Problems"Watch this short video: Scarcity: The Basic Economic Problem to help you think about this week’s discussion. Start your discussion by creating a response to these questions:What is a scarcity problem you’ve experienced in your work or home life?What system could you use to manage your scarcity problem? Continue the conversation with your peers:Read one of your peer’s scarcity problems and provide an additional idea for a system to help solve their problem.below is provided a peer idea.In my home life Scarcity can be lack of money. The car breaks down suddenly and the repairs are costly. Like most of the middle class you are caught between paychecks and your credit can be maxed out. What are you to do to resolve the issue? When I was younger I had to carpool and ask relatives for help. Now that I am older and wiser, I plan better for rainy days so to speak. We have money in savings to accommodate car repairs or even a job loss to be able to pay the mortgage. I think it is important to save for the future rather than have the YOLO – you only live once attitude.
Coca Cola Company Financial Analysis Research Paper
Please submit the name of the company you're going to be working on and why you chose it. The purpose of the research pape ...
Coca Cola Company Financial Analysis Research Paper
Please submit the name of the company you're going to be working on and why you chose it. The purpose of the research paper is to demonstrate your grasp of the concepts you have learned throughout the course and your ability to analyze the financial standings and history of a company. You should be comfortable with choosing a company and: Read and understand the five basics financial statementsRead and understand the financial components of an Annual ReportKnow how to interpret and calculate key financial ratiosEvaluate and explain the risk/reward trade-off of investing in that companythen following the files and finish it.
Economics Question
1) You are serving as the chair for your community’s annual wellness campaign. A key event is the annual Walk 3k, Run 10 ...
Economics Question
1) You are serving as the chair for your community’s annual wellness campaign. A key event is the annual Walk 3k, Run 10k, Ride 20k event. The event is staged entirely by volunteers and the goal is to attract community wide awareness of getting active as a key step to wellness. In other words, the goal is not to raise money, but to prompt awareness. As the chair you set a financial goal to breakeven on the one and only cost of the event, a fitness bag with the community seal and the event moto, “I AM ON THE RIGHT TRACK!You will charge an entry fee of $15 per participant. Determine the breakeven quantity of bags.2) Your Best Brand Bike Shorts-BBB Shorts have been flying off the shelf. Your chief economist tells you that during the Covid-19 pandemic, the taste for bicycling has shifted. The demand curve is much more inelastic. The price elasticity of demand has decreased from:3)Seven years ago, you started a cross-town delivery service. You have two types of delivery services. You have a small parcel service for anything that is flat and measures less than 11x17. You have a package service using a 100 lb capacity bike trailer for anything weighting up to 10 lbs. Initially, you charged the same price for each service, but since the beginning of the Covid- 19 pandemic you have seen an increased in the demand for your package service. The demand for the package services seems to be more inelastic than the demand for parcels. You are now wondering if you should charge different prices for the parcel and package service or should you segment the market and charge two different prices?4) You operate a Caribbean destination resort. You currently offer plans for a cruise departing from the resort and plans for a casino stay. It is expected that in 2021 there will be some return to more normal travel. You will re-launch your advertising for 2021 announcing that customers will be able to do both tours for one price. Your marginal cost per customer across both tours isFrom experience you know that some traveler will never bundle. For example, you know that about 21% of your customers decline cruises because of sea sickness. At least 12% decline the casino trip saying they don’t believe in gambling. As a rough estimate you initially expect that approximately 33% of your customers will never bundle. Will mixed bundling increase profits? You must show that calculations that support your conclusion. The cost of the bags, which must be ordered in batches of 100, are: Bags Fixed Cost Variable Cost Total Cost Average Variable Cost Marginal Cost Total Revenue wt Price $15 Marginal Revenue 0 1700 0 100 1700 500 200 1700 1200 300 1700 2700 400 1700 5200 500 1700 9000 600 1700 15000 700 1700 23800 800 1700 36800 900 1700 55800 1000 1700 83000 a)Complete the table. If this was a profit-making activity, at the entry fee of $15, what would be the profit maximizing quantity of bags. -5.76 to -2.70.” Before the campaign your price was $240 per pair of BBB Shorts. What should be the new price? Complete the tables below and determine the best price strategy: price the services differently in each segment; or continue the one price policy? Combined Parcels & Packages Price Parcels and Packages TR MR TC MC MR-MC Profit 100 50 1600 90 120 2300 80 190 3000 70 260 3700 60 330 4400 50 400 5100 40 470 5800 30 540 6500 20 610 7200 10 680 7900 The Parcels Market Price Parcels TR MR TC MC MR-MC Profit 100 0 1150 90 50 1650 80 100 2150 70 150 2650 60 200 3150 50 250 3650 40 300 4150 30 350 4650 20 400 5150 10 450 5650 The Packages Market Price Packages TR MR TC MC MR-MC Profit 100 50 450 90 70 650 80 90 850 70 110 1050 60 130 1250 50 150 1450 40 170 1650 30 190 1850 20 210 2050 10 230 2250 What is the best pricing strategy? Demonstrate the difference in the profit from each strategy. $4800. a)Here are the customer preferences. Determine how much your net profit will increase with a single bundle price compared to the maximum net profit you would make with a high price strategy. Destination Resort Packages Cruise Casino Customer 1 $7,000 $3,000 Customer 2 $2,000 $6,000
TU Acme Products Production Functions Exhibit Increasing Eco Discussion
1. Show whether the following production functions exhibit increasing, constant, or decreasing returns to scale.a. Q = ...
TU Acme Products Production Functions Exhibit Increasing Eco Discussion
1. Show whether the following production functions exhibit increasing, constant, or decreasing returns to scale.a. Q = 2L + 3K b. Q = L + 5K + 10 c. Q = min (2*L, K)d. Q = 10*K*Le. Q = L2 + K2 f. Q = K.5*L.5/2 + 102. Let the following combinations of capital and labor allow Acme Products to produce 10 Road Runner Traps. Find the cost of producing Q = 10 using each method if a) the wage is $10 and the price of capital is $20; b) the wage is $30 and the price of capital is $10.Labor 1 2 3 6 12Capital 10 5 3 2 13. Consider the following production function: Q = 4L + 10K.a. Draw an isoquant diagram featuring the Q = 100 and Q = 200 isoquants (include numbers for L and K).b. What is the marginal product of labor? Does this law of diminishing marginal product for labor apply to this production function?c. Calculate the average product of labor when L = 10 and K = 10.4. Let the production function for thingamajigs be Q = L1/2*K1/2 (this is the square root of L multiplied by the square root of K), the price of labor be $10 and the price of capital be $20. In the short run, the amount of capital is fixed at K = 100. Complete the following short run cost table for this firm (on your own paper, not this sheet!).Quantity Labor Total Fixed Cost Average Fixed Cost Total Variable Cost Average Variable Cost Total Cost Average Total Cost10501002003004005005. In each of the following cases, determine if Acme Products is minimizing cost.a. Wage = $10, Price of Capital = $20, MPLabor = 3, MPCapital = 8;b. Wage = $5, Price of Capital = $15, MPLabor = 2, MPCapital = 6;c. Wage = $15, Price of Capital = $10, MPLabor = 6, MPCapital = 4;d. Wage = $20, Price of Capital = $15, MPLabor = 6, MPCapital = 8;6. On an isocost-isoquant diagram, draw the situation of a firm which is initially minimizing the cost of producing Q units of output. Then show how this firm’s cost-minimizing combination of capital and labor to produce Q changes when the wage of labor rises.7. Consider the production function: Q = K*L. Let the wage of labor = $10 and the rental price of capital = $10. Determine the Q produced when L = 5 and K =5; when L =10 and K = 10; and L = 20 and K = 20. Draw the isoquant – isocost diagram showing these isoquants and combinations of K and L (which are cost minimizing given these prices, though if you cannot see why don’t worry and just take my word that they are). Determine the total cost and average cost for these three amounts of inputs and then draw an average cost with these three levels of Q. Verify that the average cost is indeed declining with Q, consistent with the increasing returns to scale for this production function.8. Let a firm’s marginal cost curve be MC = 5 + Q/100.a. Find the profit maximizing quantity if this firm is a price taker and faces a price of P = $12.b. Find the profit maximizing quantity if this firm faces a marginal revenue curve of MR = 15 – Q/1009. Let the market demand curve for a good be: P = 50 – Q/10.a. Recall that if the market demand curve is linear, the marginal revenue curve is also linear, with the same price-axis intercept and a slope equal to twice the slope of the demand curve. Write out the marginal revenue curve for this market demand curve.b. The elasticity of demand can be written as (1/slope)*(P/Q). Find the elasticity of demand for this market demand curve at the following quantities: Q = 50, 150, 250, 350, 450.c. Verify that the demand curve is elastic at quantities where marginal revenue is positive and inelastic at quantities where marginal revenue is negative.
2 pages
Amazon 111
Short Answer: Relate the stock price to price-to-earnings ratio. Stock price is the product of price-to-earnings ratio and ...
Amazon 111
Short Answer: Relate the stock price to price-to-earnings ratio. Stock price is the product of price-to-earnings ratio and Earnings per share. There ...
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dicussion week 1 Economic
"Scarcity Problems"Watch this short video: Scarcity: The Basic Economic Problem to help you think about this week’s disc ...
dicussion week 1 Economic
"Scarcity Problems"Watch this short video: Scarcity: The Basic Economic Problem to help you think about this week’s discussion. Start your discussion by creating a response to these questions:What is a scarcity problem you’ve experienced in your work or home life?What system could you use to manage your scarcity problem? Continue the conversation with your peers:Read one of your peer’s scarcity problems and provide an additional idea for a system to help solve their problem.below is provided a peer idea.In my home life Scarcity can be lack of money. The car breaks down suddenly and the repairs are costly. Like most of the middle class you are caught between paychecks and your credit can be maxed out. What are you to do to resolve the issue? When I was younger I had to carpool and ask relatives for help. Now that I am older and wiser, I plan better for rainy days so to speak. We have money in savings to accommodate car repairs or even a job loss to be able to pay the mortgage. I think it is important to save for the future rather than have the YOLO – you only live once attitude.
Coca Cola Company Financial Analysis Research Paper
Please submit the name of the company you're going to be working on and why you chose it. The purpose of the research pape ...
Coca Cola Company Financial Analysis Research Paper
Please submit the name of the company you're going to be working on and why you chose it. The purpose of the research paper is to demonstrate your grasp of the concepts you have learned throughout the course and your ability to analyze the financial standings and history of a company. You should be comfortable with choosing a company and: Read and understand the five basics financial statementsRead and understand the financial components of an Annual ReportKnow how to interpret and calculate key financial ratiosEvaluate and explain the risk/reward trade-off of investing in that companythen following the files and finish it.
Economics Question
1) You are serving as the chair for your community’s annual wellness campaign. A key event is the annual Walk 3k, Run 10 ...
Economics Question
1) You are serving as the chair for your community’s annual wellness campaign. A key event is the annual Walk 3k, Run 10k, Ride 20k event. The event is staged entirely by volunteers and the goal is to attract community wide awareness of getting active as a key step to wellness. In other words, the goal is not to raise money, but to prompt awareness. As the chair you set a financial goal to breakeven on the one and only cost of the event, a fitness bag with the community seal and the event moto, “I AM ON THE RIGHT TRACK!You will charge an entry fee of $15 per participant. Determine the breakeven quantity of bags.2) Your Best Brand Bike Shorts-BBB Shorts have been flying off the shelf. Your chief economist tells you that during the Covid-19 pandemic, the taste for bicycling has shifted. The demand curve is much more inelastic. The price elasticity of demand has decreased from:3)Seven years ago, you started a cross-town delivery service. You have two types of delivery services. You have a small parcel service for anything that is flat and measures less than 11x17. You have a package service using a 100 lb capacity bike trailer for anything weighting up to 10 lbs. Initially, you charged the same price for each service, but since the beginning of the Covid- 19 pandemic you have seen an increased in the demand for your package service. The demand for the package services seems to be more inelastic than the demand for parcels. You are now wondering if you should charge different prices for the parcel and package service or should you segment the market and charge two different prices?4) You operate a Caribbean destination resort. You currently offer plans for a cruise departing from the resort and plans for a casino stay. It is expected that in 2021 there will be some return to more normal travel. You will re-launch your advertising for 2021 announcing that customers will be able to do both tours for one price. Your marginal cost per customer across both tours isFrom experience you know that some traveler will never bundle. For example, you know that about 21% of your customers decline cruises because of sea sickness. At least 12% decline the casino trip saying they don’t believe in gambling. As a rough estimate you initially expect that approximately 33% of your customers will never bundle. Will mixed bundling increase profits? You must show that calculations that support your conclusion. The cost of the bags, which must be ordered in batches of 100, are: Bags Fixed Cost Variable Cost Total Cost Average Variable Cost Marginal Cost Total Revenue wt Price $15 Marginal Revenue 0 1700 0 100 1700 500 200 1700 1200 300 1700 2700 400 1700 5200 500 1700 9000 600 1700 15000 700 1700 23800 800 1700 36800 900 1700 55800 1000 1700 83000 a)Complete the table. If this was a profit-making activity, at the entry fee of $15, what would be the profit maximizing quantity of bags. -5.76 to -2.70.” Before the campaign your price was $240 per pair of BBB Shorts. What should be the new price? Complete the tables below and determine the best price strategy: price the services differently in each segment; or continue the one price policy? Combined Parcels & Packages Price Parcels and Packages TR MR TC MC MR-MC Profit 100 50 1600 90 120 2300 80 190 3000 70 260 3700 60 330 4400 50 400 5100 40 470 5800 30 540 6500 20 610 7200 10 680 7900 The Parcels Market Price Parcels TR MR TC MC MR-MC Profit 100 0 1150 90 50 1650 80 100 2150 70 150 2650 60 200 3150 50 250 3650 40 300 4150 30 350 4650 20 400 5150 10 450 5650 The Packages Market Price Packages TR MR TC MC MR-MC Profit 100 50 450 90 70 650 80 90 850 70 110 1050 60 130 1250 50 150 1450 40 170 1650 30 190 1850 20 210 2050 10 230 2250 What is the best pricing strategy? Demonstrate the difference in the profit from each strategy. $4800. a)Here are the customer preferences. Determine how much your net profit will increase with a single bundle price compared to the maximum net profit you would make with a high price strategy. Destination Resort Packages Cruise Casino Customer 1 $7,000 $3,000 Customer 2 $2,000 $6,000
TU Acme Products Production Functions Exhibit Increasing Eco Discussion
1. Show whether the following production functions exhibit increasing, constant, or decreasing returns to scale.a. Q = ...
TU Acme Products Production Functions Exhibit Increasing Eco Discussion
1. Show whether the following production functions exhibit increasing, constant, or decreasing returns to scale.a. Q = 2L + 3K b. Q = L + 5K + 10 c. Q = min (2*L, K)d. Q = 10*K*Le. Q = L2 + K2 f. Q = K.5*L.5/2 + 102. Let the following combinations of capital and labor allow Acme Products to produce 10 Road Runner Traps. Find the cost of producing Q = 10 using each method if a) the wage is $10 and the price of capital is $20; b) the wage is $30 and the price of capital is $10.Labor 1 2 3 6 12Capital 10 5 3 2 13. Consider the following production function: Q = 4L + 10K.a. Draw an isoquant diagram featuring the Q = 100 and Q = 200 isoquants (include numbers for L and K).b. What is the marginal product of labor? Does this law of diminishing marginal product for labor apply to this production function?c. Calculate the average product of labor when L = 10 and K = 10.4. Let the production function for thingamajigs be Q = L1/2*K1/2 (this is the square root of L multiplied by the square root of K), the price of labor be $10 and the price of capital be $20. In the short run, the amount of capital is fixed at K = 100. Complete the following short run cost table for this firm (on your own paper, not this sheet!).Quantity Labor Total Fixed Cost Average Fixed Cost Total Variable Cost Average Variable Cost Total Cost Average Total Cost10501002003004005005. In each of the following cases, determine if Acme Products is minimizing cost.a. Wage = $10, Price of Capital = $20, MPLabor = 3, MPCapital = 8;b. Wage = $5, Price of Capital = $15, MPLabor = 2, MPCapital = 6;c. Wage = $15, Price of Capital = $10, MPLabor = 6, MPCapital = 4;d. Wage = $20, Price of Capital = $15, MPLabor = 6, MPCapital = 8;6. On an isocost-isoquant diagram, draw the situation of a firm which is initially minimizing the cost of producing Q units of output. Then show how this firm’s cost-minimizing combination of capital and labor to produce Q changes when the wage of labor rises.7. Consider the production function: Q = K*L. Let the wage of labor = $10 and the rental price of capital = $10. Determine the Q produced when L = 5 and K =5; when L =10 and K = 10; and L = 20 and K = 20. Draw the isoquant – isocost diagram showing these isoquants and combinations of K and L (which are cost minimizing given these prices, though if you cannot see why don’t worry and just take my word that they are). Determine the total cost and average cost for these three amounts of inputs and then draw an average cost with these three levels of Q. Verify that the average cost is indeed declining with Q, consistent with the increasing returns to scale for this production function.8. Let a firm’s marginal cost curve be MC = 5 + Q/100.a. Find the profit maximizing quantity if this firm is a price taker and faces a price of P = $12.b. Find the profit maximizing quantity if this firm faces a marginal revenue curve of MR = 15 – Q/1009. Let the market demand curve for a good be: P = 50 – Q/10.a. Recall that if the market demand curve is linear, the marginal revenue curve is also linear, with the same price-axis intercept and a slope equal to twice the slope of the demand curve. Write out the marginal revenue curve for this market demand curve.b. The elasticity of demand can be written as (1/slope)*(P/Q). Find the elasticity of demand for this market demand curve at the following quantities: Q = 50, 150, 250, 350, 450.c. Verify that the demand curve is elastic at quantities where marginal revenue is positive and inelastic at quantities where marginal revenue is negative.
2 pages
Amazon 111
Short Answer: Relate the stock price to price-to-earnings ratio. Stock price is the product of price-to-earnings ratio and ...
Amazon 111
Short Answer: Relate the stock price to price-to-earnings ratio. Stock price is the product of price-to-earnings ratio and Earnings per share. There ...
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