Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Demand Analysis for Robinson Plastics.
Robinson Plastics makes clear plastic products with injection molding techniques. Their latest invention is a plastic cup with a sharp blade mounted inside to cut prescription pills into small pieces. The cup is placed over the pill and as the cup is pressed down, the pill is split into pieces which are contained inside the cup. Because the cup is above the pill, persons can see how the pill is cut and keep the pieces contained. The presumed market is drugstores who would then sell to customers who want to reduce dosage size.A survey of local drug manufacturers and retailers suggest that market demand over the next year can be characterized by:Q = 2,000,000 - 100,000*P + 5*AWhere Q=unit sales, P=price in dollars, and A=advertising expenditure in trade journals and publications.Robinson is considering a price of either $1 or $2 and an advertising budget of $10,000. Robinson has estimated production cost at $0.75 per unit.
a. Compute the quantity sold and the own price elasticity's at the $1 and $2 sales prices, assuming the stated advertising budget.
b. What is the advertising elasticity at the sales price of $2 assuming the stated advertising budget.
c. How useful is this demand equation for forecasting demand for the pill slicer in the next five years? Explain.
Using the theory of oligopoly and the concept of prisoners dilemma, explain why the cigarette companies did not cut on advertising on their own to increase their profits before the law went into effect?
A firm uses two inputs, unskilled labor (L) and capital (K) to produce its product. The wage rate for one unit of labor is $5, while units of capital cost $20.
The average weekly earnings of bus drivers in a city are $950 with a standard deviation of $45. Assume that we select a random sample of 81 bus drivers.
Explain how would either decision change if the government imposed a 20 percent tax on earnings and interest income. Illustrate what would happen if the government exempted interest income.
You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university.
Assume the graph below represents the market demand for a patented prescription drug together with the marginal cost and average cost functions for producing the drug. Draw the marginal revenue function for this firm.
What are the macro and micro problems? What systems are affected structural, psychosocial, technical, managerial, goals?
Calculate the breakeven level for the subsiquent YoYo firm. The firm has overhead.
Are they required to ensure economic growth and a prosperous country.
Suppose that the software market currently has only one firm operating - microhard. A new firm Newvell could enter the industry.
When a recession is over, do people begin to immediately feel the effects of an efficient economy? Use the experience of the most recent recession to justify your answer.
Explain the three criteria that are used to determine whether a particular variable is a worthy candidate to be selected as an intermediate target variable of monetary policy.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd