Determining market structure of selected company

Assignment Help Macroeconomics

Reference no: EM1316117

Examination of the company for which you are currently working (or a company with which you are familiar). Answer the following questions regarding this company.

1. Is this company operating in a perfectly competitive market? Why or why not?

2. If the owner of the company asked you to assess whether or not they were using the optimal amount of an input (given a set price for that input), what economic criterion would you use in your analysis?

3. If you were asked to assess the economic profitability of this company, what economic tools would you use in your analysis?

4. What is the hypothesized elasticity of demand for one product/service that is produced by the company (or a product/company you are familiar with)? Given this hypothesized elasticity of demand, how should the company price their product in this market if the goal is to increase total revenues? Give justification for your answer.

Reference no: EM1316117

Questions Cloud

Simplify the quadratic equations : Simplify the quadratic equations

Describes common stock or preferred stock : Classification of preferred stock and common stock and check whether the characteristic listed below describes common stock (CS) or preferred stock (PS).

Using tree diagram-determining probability : Draw a tree diagram representing this experiment. Use this tree diagram to find the probabilities below.

Describe current degree of financial leverage : Describe Current degree of financial leverage and McFrugal's tax rate is 40% and The firm also has outstanding 1 million shares of common stock

Determining market structure of selected company : Examination of the company for which you are currently working (or a company with which you are familiar). Answer the following questions regarding this company.

Highest performing model to forecast sales : Utilizing form of Regression method which would give you highest performing model to forecast Sales. Utilizing your model forecast the sales

Multiple questions on accounting principles : Multiple questions on accounting principles and Joe's Appliances purchased inventory for $12,800 on credit. This transaction

Solve the quadratic equations : Solve the quadratic equations

Joint-marginal-conditional probability : Find the probability that an eligible voter selected at random will have the following characteristics.

User Account

All Pages