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a critical analysis of the microeconomic and macroeconomic environment and challenges that the company faces. Include the company background, industry, and industry structure. What is the industry? Financial? Computer? What is the industry structure? Oligopoly? Monopolistic competition? Is it regulated? Covered by EPA? What are the factor markets like? What global pressures does it face? Foreign competition? What is its cost structure (for example, fixed versus variable)? What ethical issues are present? Are there economies of scope or scale? Is it subject to business cycles? What is the long-term outlook for the company-growth, merger, bankruptcy, takeover by another company?
2.The demand for a luxury good whose purchase would exhaust a big portion of one's income is: a.perfectly price inelastic b.perfectly price elastic c.relatively price inelastic d. relatively price elastic
Calculate the monthly consumer surplus for each group before and after the rate increase. Your boss wants a measure of the losses to each group from the rate increase.
What is the Exy and what does that number mean and what is the relationship between these two goods - What would happen to total revenue with the price reduction
Why do people hold their wealth in the form of money rather than another asset that will provide a rate of return higher that the rate on return
In the analyses below, when drawing your diagrams assume that students can choose among only two products on campus, namely tobacco and food.
You're the manager of the firm that sells a commodity in market that resembles perfect competition, and your cost function is C(Q)=Q+2Q^2. Compute the expected market price.
What will be the equilibrium price? What will be the equilibrium output for the industry? For each firm? What will profit or loss be per unit? Per firm? Will this industry expand or contract in the long run?
What price should do you charge if it wants to maximize its revenue from this concert? And, how much revenue will it receive?
Find a newspaper or magazine article that highlights when the political process works poorly (not too hard). Write a 1-page paper on the economic reasons for this performance
Now assume that there're five firms in the industry, and that they collude to set the price. What price will they set? What will be the output of each firm? What will be the profit of each firm?
What is the difference between explicit and implicit costs? Which of the costs is most closely associated with opportunity costs and why?
State Khinchine's weak law of large numbers and provide a proof of this result. Discuss conditions under which a law of large numbers exists for a sample of independent but heterogeneously distributed random variables.
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