Demonstrate the effect of environmentally friendly status

Assignment Help Business Management
Reference no: EM132338557

Canada possums produce the highest quality fur, due to the large pelts per body size. Demand for Canada possum products has risen dramatically. This is partly a result of the conservation benefits of harvesting Canada possums. This has made the product seem more environment-friendly than other fur products and boosted sales to concerned consumers.

Assume that the possums market satisfies all of the attributes of a competitive market. Further assume that high grade possum furs are the most expensive input into the possum fur production function.

a. Use a graph of the market for possum fur to demonstrate the effect of its environmentally friendly status on the market equilibrium.

b. Graph the reaction of an individual incumbent firm to the increase in market demand. In your graph, identify the firm's revenue and cost structures.

c. What would you predict would happen to the long-run industry supply, if the cost of possum fur raises when the production of possum furs increases? Use a graph to explain.

Reference no: EM132338557

Questions Cloud

Spot market in one year from now : How many rupees would you expect a dollar to be worth on the spot market in one year from now?
Long-term economic growth : In what are the limits to the U.S. long-term economic growth? Is there anything that our government can do to address these limits, or would it be a bad idea to
Realize the benefits from related diversification : VF Corporation Acquires Timberland to Realize the Benefits from Related Diversification.
Monopolistic competition is literally a kind of competition : "Monopolistic competition is literally a kind of competition. Hence, there is no deadweight loss in a monopolistically competitive market." Is this correct? Exp
Demonstrate the effect of environmentally friendly status : Use a graph of the market for possum fur to demonstrate the effect of its environmentally friendly status on the market equilibrium.
What is social loafing : Is positive discipline the solution? Is empowerment the solution? Is the promotion of ethical values the solution? Why, explain, example
Origin and potential impact on uk and eu : Briefly summarize and evaluate "Brexit" including its origin and potential impact on UK and EU?
Determinants of the supply of foreign exchange : What are the major determinants of the supply of foreign exchange (yen) in the U.S.? List them and briefly explain each.
Determinants of the demand for foreign exchange : What are the main determinants of the demand for foreign exchange (say, Japanese yen) in the U.S.? List them and briefly explain each.

Reviews

Write a Review

Business Management Questions & Answers

  How can an organisation continuous improvement processes

How can an organisation's continuous improvement processes be communicated to all stakeholders and how can individuals and teams be encouraged and supported

  Differences between manufacturing and service companies

There has been a dramatic change in the past two or three decades as U.S. corporations switch from a manufacturing to a service based economy

  Explain what is organizational culture

What is organizational culture-  what is organizational culture? In what ways does the role of HR affect organizational culture

  Discuss your individual assessment of joes performance

Discuss your individual assessment of Joe's performance. Identify specific behaviors and indicators that you would look for to be sure that solution is working.

  Determine the significant factors that made implementation

From the e-Activity, determine the significant factors that made the implementation of the company's strategy so effective. Provide support for your rationale.

  Manage innovation in organizations

Discuss the different methods that managers can use to effectively manage innovation in their organizations.

  Higher level of math

Define a situation out of your life's experiences that would indicate the variables are not linear and what higher level of math would need to be used.

  Examples with specific detail of how they function

1. How do e-commerce marketplaces function? What makes them work? Identify three examples with specific detail of how they function.

  What are examples of decision-making software advertised by

what are examples of decision-making software advertised by a company?using the internet find an example of

  How you use vroom-yetton model to improve decision making

What was your role? How were you involved? How would you use the Vroom-Yetton Model to improve the decision making process in your workplace?

  Create a risk management plan

Show some of the inputs to the risk management plan and explain their value in identifying risks

  Compensation and benefits strategy

Compensation and Benefits Strategy - Assessment Activity Develop a 1,050-word compensation and benefits strategy for the organization. (Using Apple)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd