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Question: Last year, MedSupplies-a national supplier of medical devices-posted its first loss in six years. The loss was a surprise to investors because the industry as a whole has been growing. Analysts have reached a consensus that at least part of the blame for the loss falls on Heidi Stevens, the national sales manager for MedSupplies. Ms. Stevens is responsible for determining the size of the firm's sales force, and over the past year, she engaged in a significant expansion. In this industry, it is well understood that revenues generally increase as the sales force grows. However, each new hire generally adds less new revenue than the last, as the best sales opportunities already have been exhausted. At the same time, the salaries for medical device salespeople essentially have been constant. Analysts summarize the problem in the accompanying figure. They note that Ms. Stevens appears to have expanded her sales force to point A and argue that her sales force is too big. When approached for comment, Ms. Stevens replied, "Of course I would choose point A in that graph! Anything less means the company underperforms." Both the analysts and Ms. Stevens agree that she has chosen point A in the graph as the size of her sales force but disagree on the wisdom of this decision. Who is right?
Compare and contrast the four market structure models: Monopoly, Oligopoly, Monopolistic Competition, and Perfect Competition—including, but not limited to, assumptions/characteristics of each model, profit maximizing price/output combinations, short..
Why increase in inequality in all different areas like poverty, education, wealth, distribution and health is so important for us
A political commentator argues: Congress and the president are more likely to enact an expansionary fiscal policy than a contractionary fiscal policy because expansionary policies are popular and contractionary policies are unpopular. Agree because e..
What is meant by the term social insurance? Give an example of a social insurance program
There are 2firms to consider here from 2 different indusrties. A firm in Indusrty A has MC of production=$150 and they know from historical experience that their Lerner index is 0.35. Determine the optmal price that both firms should be charging.
Mr. Jack Welch. One time Dell and Wal-mart tried to take over the prestigous status and got set back.
A large firm has two divisions: an upstream division that is a monopoly supplier of an input whose only market is the downstream division that produces the final output. To produce one unit of the final output, the downstream division requires one un..
How does an increase in capital and/or technology affect wages, full employment equilibrium, productivity and the standard of living? How can this be graphed to show the shift caused by the increase in those factors?
The government spends 13,00 billion on goods and services (a= 1300 )and levies on income tax equal to 20 y.the consumption function is c=300 +0.75di,where di is disposable income investment (i)is I =900and net exports are 100.Find the equilibrium gdp..
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Please Draft a development plan for The tourism sector in Jamaica.
The intercept of the demand function is 878,000 and the intercept for the marginal revenue is 100,000. Vertical. Determine the price and quantity that will maximize revenue. What is the price elasticity at a price of $69,000?
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