Reference no: EM13791192
Supply and Demand Concepts
You have been hired by a new firm selling electronic dog feeders. Your client has asked you to gather some data on the supply and demand for the feeder, which is given below, and address several questions regarding the supply and demand for these feeders.
Price/Feeder Quantity Demanded Quantity Supplied
$300 500 1800
270 600 1700
240 700 1600
210 800 1500
180 1000 1400
150 1100 1300
120 1200 1200
90 1300 1100
60 1400 1000
30 1500 900
10 1600 800
Your client has asked that you develop a report addressing the following questions so that you can present these findings to their Board of Directors:
Questions:
Construct a graph showing supply and demand in the electronic dog feeder market, using Microsoft Excel.
How are the laws of supply and demand illustrated in this graph? Explain your answers.
What is the equilibrium price and quantity in this market?
Assume that the government imposes a price floor of $180 in the feeder market. What would happen in this market?
Assume that the price floor is removed and a price ceiling is imposed at $90. What would happen in this market?
Now, assume that the price of feeders drops by 50%. How would change impact the demand for feeders? Explain your answer and reconstruct the graph developed in question one to show this change.
Assume that incomes of the consumers in this market increases. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change.
Assume that the number of sellers decreases in this market. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change.
Explain the difference between a normal good and an inferior good. Would your answers to question 7 change depending on whether this good is a normal or inferior good? why?
|
Project operating cash flow
: What is the project's operating cash flow for the first year (t = 1)? Write out your answer completely. For example, 2 million should be entered as 2,000,000.
|
|
Calculate the payback period and net present value
: Prepare a capital budget for the Hot New Café with the net cash flows for this project over a 5-year period. Calculate the payback period (P/B) and the net present value (NPV) for the project.
|
|
A strategy for overcoming the challenge
: A strategy for overcoming the challenge based on outside research, the textbook, and concepts discussed during your degree studies. Writing the Final Paper
|
|
Money cares investment corporation
: For this assignment you must identify possible risks for the Money Cares Investment Corporation. In establishing an investment company, you must answer the following
|
|
How would change impact the demand for feeders
: How are the laws of supply and demand illustrated in this graph - What is the equilibrium price and quantity in this market?
|
|
Unethical versus ethical leadership
: For instance, Leaders at AIG argued that they were obligated to pay bonuses to executives even after the company was bailed out by the U.S. Government. They stated that they had a contractual obligation to pay these bonuses. Many people argued ..
|
|
Stress management in psych
: Stress Management in PSYCH
|
|
Leadership theory interact with work team or family dynamics
: Describe and provide an example of a leadership theory that you practice at your place of work or in your home. How does the practice of this particular leadership theory interact with work team or family dynamics in favorable and unfavorable ways..
|
|
Current place of employment or an organization
: Explain this use in your current place of employment or an organization you are familiar with. Describe concerns with properly controlling this flow, including keeping it safe from unauthorized use.
|