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Say you are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs.
What would you do--shut down or continue to operate? Use hypothetical numbers to explain. Information you need to provide include--state the product you are selling, the price of the product, the quantity of the product you produce, fixed costs, total cost, figure out total revenue, total and average variable costs. Then go ahead and make your decision.
Explain carefully why it makes better sense to shut down rather than continue to operate or to continue to operate rather than shut down, as the case may be. How do fixed costs play a role in your analysis?
What is the difference between shutting down and going out of business?
How to determine your own leadership style. Using the tools mentioned in the text, conduct a self-assessment of your leadership style and skills.
consider three alternative bonds that you might invest in each of which matures in one year. the following table shows
explain the points in the process where the vendor has an opportunity to add value, be sure to answer the following questions, how does value vary for a large purchase versus a smaller one, does adding value cost money
Describe how the market economic system works to answer fundamental economic questions. Describe how this may differ from a command economic system.
How does your decision to invest in a college degree add to your capital stock Show this on your projected production possibilities frontier for ten years from now compared to your production possibilities curve without a college degree
Is her assumption likely to be correct or incorret
The pharmaceutical industry often has the luxury of implementing pricing strategies that appear high to consumers. Take a position on the fairness of the industry's approach to pricing pharmaceutical products including offering an alternative stra..
what would happen if your financial projections were based on incorrect data? for example if your booked ar is
lenders perceive that you are risky so you must pay 12 percent annual interest to borrow from one of them. you only
How will government regulation impact decision making - Will the community's makeup be a consideration for decision makers?
One difference between a monopoly firm and a competitive firm is that
Relative to managers in more monopolistic industries, are managers in more competitive industries more probable to spend their time on reducing costs or on pricing strategies?
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