Reference no: EM131046017
Question 1.
Southwest Airlines begins a "bags Fly Free" campaign, charging no fees for a first and second checked bag. Does this situation best represent
Producer-producer rivalry? Consumer-consumer rivalry? Producer-consumer rivalry?
Explain your choice.
Question 2.
What is the maximum amount you would pay for an asset that generates an income of $ 250,000 at the end of five years of the opportunity cost of using funds is 8 percent?
Question 3
Jaynet spends $30,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm- one offer was for $110,000 per year, and the other was for $80,000. However, she turned both jobs down to continue a painting career. If Jaynet sells 25 paintings per year at a price of $8,000 each:
- What are her accounting profits? Show your steps leading to your answer
- What are her economic profits? Show your work!
Question 4
Brazil points to its shrimp-farming industry as an example of how it can export shrimp in the world market. One decade ago, Brazil exported a meager 400 tons of shrimp. Today, Brazil exports more than 58,000 tons of shrimp, with approximately one-third of that going to the United States. Brazilian shrimp farmers however, potentially face a new challenge in the upcoming years. The Southern Shrimp Alliance- a U.S. organization representing shrimps-producing countries is selling shrimp below "fair market value." The organization is calling for the United States to impose a 300 percent tariff on all shrimp entering the United States to impose a 300 percent tariff on all shrimps entering the United States' border. Brazilian producers and the other five countries named in the complaint counter that they have a natural competitive advantage such as lower labor costs, availability of cheap land, and a more favorable climate, resulting in a higher yield per acre and permitting three harvests per year. In what many see as a bold move, the American Seafood Distributors Association- an organization representing supermarkets, shrimp processors, and restaurants- has supported Brazilian and other foreign producers, arguing that it is the Southern Shrimp Alliance that it is engaging in unfair trade practices.
- Describe the various rivalries depicted in this scenario, and
- Then use the five forces framework to analyze the industry.
|
Corporate form of business organization
: 3) Which of the following is a disadvantage of the corporate form of business organization?
|
|
Productivity levels of unionized workers
: 1. List four factors that likely contributed to the number of workers in the U.S. labor market belonging to unions declining so dramatically since the early 1950s. 2. Briefly compare the wage rates and productivity levels of unionized workers and n..
|
|
What is the total of the minimum payments
: What is the total of the minimum payments? What is the total of the finance charges? How much does the starting balance decrease after these three payments? The total of your finance charges is what percent of your total payments?
|
|
Determine if the facility can meet gino''s criteria
: Gino Petralli is an enterprising businessman. He is in the process of starting up a pizzeria. Specifically, he needs to know if 10 tables in his dining area is enough
|
|
Describe the various rivalries depicted
: Describe the various rivalries depicted in this scenario, and Then use the five forces framework to analyze the industry.
|
|
Account with texas commerce medical bank
: Morvarid Kashanchi and her sister, Firoyeh Paydar, held a savings account with Texas Commerce Medical Bank. An unauthorized withdrawal of $4,900 from the account was allegedly made by means of a telephone conversation between some other unidentifi..
|
|
Comparative advantage in producing oranges
: Australia can produce 36 thousand tonnes of apple or 12 thousand tonnes of orange in a year. During the same one year period, New Zealand can produce 18 thousand tonnes of apple or 18 tonnes of orange.
|
|
Notice confirming his request to stop payment
: On Tuesday, June 11, Siniscalchi issued a $200 check on the drawee, Valley Bank. On Saturday morning, June 15, the check was cashed. This transaction, as well as others taking place on that Saturday morning, was not recorded or processed through t..
|
|
Whether this data behaves as a uniform distribution varying
: What technique would you use to quantitatively assess (or hypothesize) whether this data behaves as a uniform distribution varying from 10 to 55?
|