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!
Q. A major producer of consumer goods set out to forecast the price of fresh salmon three years ahead. Such a forecast was needed in deciding whether the firm should enter the business of providing salmon. The analysts firm's approximated the quantity of fresh salmon that would be supplied in the market three years ahead. Because of substantial plans to expand the production of farmed Atlantic and Pacific salmon in Chile, Japan, Ireland as well as Canada this projected amount was considerably greater than the actual quantity supplied at the time the forecast was made. In addition the firm's analysts estimated the quantity of fresh salmon that would be demanded 3 yrs forward. Their results showed that, if the price of salmon remained unchanged over the next three years, the quantity supplied would exceed the quantity demanded by about 20 percent at the end for period of 3 year. The firm's analysts believed that the quantity supplied three years hence would be approximately equal to their approximations in spite of whatever changes occurred in price during this period of 3 year. As they also estimated the price elasticity of demand for fresh salmon to be about -2.0. Like the other estimates quoted above, it was regarded as rough but useful.
As a consultant hired by this firm how you would use these estimates to forecast the change in the salmon price over the next three years? What will be your rough forecast? How will you consider the structure of the fresh salmon industry to calculate the forecast? Will you advise the firm to enter the industry?
Capital stock at the end of the year of this economy to remain constant as the beginning of the year, how much investment is needed.
Explain how does this affect the supply of beef. Explain how does it affect the supply of beef worldwide.
Discover the payout ratio rounded to the nearest whole percent, and explicate what a payout ratio means.
Calculate gross national product and net national product
Prepare a table with values from all four cases as well as compare the sensitivity of the model solution to changes in parameter values.
Jane wants to buy a beautiful doll as a gift for her sister's birthday. What is the advantage to society to correct the externality?
Subsequently the customer paid the balance on 22 October 2012. To customer the Credit terms offered.
How would I find out by how much the price of water needs to be raised to reduce demand by 40% if the price of elasticity is 2.0.
Assuming oranges operate in a perfectly competitive market, use a well-labeled demand and supply model to explain how market equilibrium price of oranges is determined.
Michael spends $10 a month on both Pez dispensers and Superman action. His marginal-utility-to-price ratio for the Pez dispensers is 40.
Competition in the market is such that each of the firms independently produces a quantity of output.
Why would an ounce of gold be priced higher than an ounce of coffee beans though coffee is generally considered more essential than gold
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