Your consulting firm was just granted an exclusive contract for your state. You now must decide your pricing policy, given the following relationships:
P = $1400 - 0.0004Q
MR = $1400 - 0.0008Q
AVC = $1000
where P is the price, Q the quantity, and AVC the average variable cost.
• In your workplace or home, are transfer prices, prediction markets, and relational contracts used? If so, explain how. If not, describe how you might implement these tools in your workplace or home.
• The family is another sort of internal market. How could transfer prices, rel...
Provide information regarding the resources, the environment, and consumption.
1. What is the relationship between resources and the economy.
2. If a country has resources, does that automatically mean that the country will be wealthy.
a. Calculate the approximate annual rate of return on investment of the following cash discount terms: 1. 1/ 15, n30. 2. 2/ 10, n60. 3. 1/ 10, n90.
b. Which of these terms, if any, is not likely to be a significant incentive to the customer to pay promptly? Explain your answer.
Provide an argument to describe the current state of the economy in terms of the following:
-The economic goals
-The definition of the phases of the business cycle
-The key economic variables described in the text
Refer to the observed capital structures given in Table 15.3 of the text. What do you notice about the types of industries with respect to their average debt-equity ratios? Are certain types of industries more likely to be highly leveraged than others? What are some possible reasons for this observe...
Defenders of Communist economic systems may point out that consumers pay lower prices for certain goods because the government imposes a limit on what producers may charge. Cite at least two other ways that consumers may be "paying" for these goods.
Please explain the answer to the following question. Thanks.
Nominal GDP increased from roughly $10 trillion in 2000 to $14 trillion in 2009. In the same period the GDP price index rose from 90 to 110. By how much did real GDP increase?
2. Visit the Opinion Poll webpage ( http://en.wikipedia.org/wiki/Opinion_poll) and examine a variety of polls.
3. In the Forecasting discussion forum, discussion the following:
a. What are your views regarding economic forecasting? In particular, share any experiences you may have had with bus...
Some states in the United States allow citizens to openly or covertly carry handguns. Citizens can protect themselves in the case of robberies or harm by using these guns. Other states do not allow citizens to carry handguns. Criminals, however, tend to have handguns in all states. Use ECONOMIC ANAL...
Question: How can tax cuts help revive the economy? Explain.
Your answers must include fiscal policy, expansionary fiscal policy, tax multiplier, Aggregate Demand, etc. You must use at least one article. Thank You
Airphone, Inc. manufactures cellular telephones at a processing cost of $47 per unit. The company produces an average of 250 phones per week and has a yield of 87% good-quality phones, resulting in 13% defective phones, all of which can be reworked. The cost of reworking a defective telephone is $16...
You are the manager of a gas station and your goal is to maximize profits. Based on your past experience, the elasticity of demand by Texans for a car wash is -4, while the elasticity of demand by non Texas car wash is -6. If you charge Texans $20 for a car wash, how much should you charge a man wit...
Using the information in the following table:
a- Complete the last 2 columns by replacing the * with the correct values.
b- Draw the following curves in one chart
? Short-run average product (AP) curve;
? Short-run marginal product (MP) curve.
Table showing the Average and...
Calculating GDP, GNP, Net National Product and National Income
Year 1 Year 5
Consumption 600 960
Investment 134 340
Property Income earned overseas 75 120
Property income paid overseas 95 95
Subsidies 55 110
An analyst has timed a metal cutting operation for 50 cycles. The average time per cycle was 10.40 minutes, and the standard deviation was 1.20 minutes for a worker with a performance rating of 125 percent. Assume an allowance of 16 percent of job time. Find the standard time for this operation.
I am looking to compare the work and formulas for the calculation of Expected Value, Absolute Risk Measurement, and Relative Risk for both projects. I have the answers, however, my textbook is horrible in explaining the work.
Probability Cash Flow
You have a price weighted index made up of two stocks, A and B. The price of A equals $30 and the price of B equals $70. What is the current value of this index? Also, what will be the percentage change in the index resulting from a 10 % increase only in the price of A? A 10% increase only in the pr...
A major city just doubled the annual fee for hot dog push carts that had exclusive rights to a spot just south of a major museum of art to $288,000...why would anyone pay this much for a push cart license? Who is obtaining the economic rent for the lucrative push cart location? How much economic pro...
HoneyBee Farms, a medium-size producer of honey, operates in a market that fits the competitive market definition relatively well. However, honey farmers are assisted by support prices above the price that would prevail in the absence of controls. The owner of HoneyBee Farms, as well as some other...
The Taxpayer Relief Act created Roth IRA which allows you to make after-tax retirement contributions of up to $2000 annually and contributions are not tax-deductible, but no taxes are paid on earnings. In contrast, contributions to IRAs are tax-deductible, but taxes will be paid on all future distr...
Julia must choose between two different designs for a safety closure, which will be in use indefinitely. Model A has a life of three years, a first cost of $8000, and maintenance of $1000 per year. Model B will last four years, has a first cost of $10,000, and has maintenance of $800 per year. A sal...
Ecomonic incentives were at the heart of westward expansion across North America in the late 18th centuries, so let's apply some economic ananlysis to the situation. The year is 1804 and you estimate that Merriwether Lewis 'totl cost of trapping beaver in Oregon and taking the pelts to market in St...