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Over the past seven weeks, we have explored the foundational concepts and principles of microeconomics, and we have applied them to the world around us. Take this time to share what you have learned with your classmates.
In your initial post, respond to the following:
Choose one microeconomic concept applied in your final project.
Explain your findings and the implications to your chosen firm's sustainability.
Using the same microeconomic concept chosen above, explain how it would be applied to the firm where you work or the type of firm you hope to work for in the future. What does this imply about this firm's future?
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The solution contains details about the microeconomic issue of economies of scale and its implication to Coca Cola and how this could potentially improve the operations of Coca Cola. The solution has been done with Harvard referencing and contains in total 300 words.
1) Name a good with a negative externality. What is the external cost? Will a free market for this good provide too much or too little to be allocatively? how can the government ensure an optimal amount to the good is produced?
Allocation schemes can be based on
Regarding hospital regulation, the models of hospital behavior developed. predict that the effects of DRG payments on hospital behavior will differ across hospitals because that system offers the same price to all hospitals.
What is economic profit? How might it differ from accounting profit? Explain why firms that are making zero economic profit are likely to continue in business.
Nick earns $20,000 every year, and he spends his money on golf (g) and water-skiing (w). The price of playing golf and water-skiing are $100 and $200, respectively. Given this information, what is the equation for Nick's budget line? Graph it with..
Suppose that marginal util- ity of Good X = 100, the price of X is $10 per unit, and the price of Y is $5 per unit. Assuming that the consumer is in equilibrium and is consuming both X and Y, what must the marginal utility of Y be?
High seasonal demand was a challenge for Cadbury. Highlight this challenge and evaluate the solution provided by Dexion to overcome this challenge. Discuss other possible solutions; what could have been done differently?
Industry structure is often examine through computing the 4-company Concentration Ratio. Assume you have an industry with 20 firms and the CR is 30 percent.
Choose a United States firm with global operations. Discuss the company's activities outside the United States
How to evaluate the benefits of each of the two policies?
Are any employees of your company represented by labor unions or covered by collective bargaining agreements? Are any of these employees working outside of the United States?
Identify and list their compliance obligations and the relevant agencies they must report compliance issues to, as well as any annual milestones to which they must adhere.
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