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!
Supply and Demand Concepts As an economist for ABC Plastics, your boss has asked you to respond to some questions she has regarding the company's main product, tablet cases. A marketing research firm recently developed the following supply and demand schedules for tablet cases: Price/Case Quantity Demanded Quantity Supplied $24 5000 18000 22 6000 17000 20 7000 16000 18 8000 15000 16 10000 14000 14 11000 13000 12 12000 12000 10 13000 11000 8 14000 10000 6 15000 9000 4 16000 8000 2 17000 7000 You are to develop a report addressing the following questions and present your findings to the Board of Directors: Questions: Construct a graph showing supply and demand in the tablet case 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 $16 in the tablet case market. What would happen in this market? Assume that the price floor is removed and a price ceiling is imposed at $8. What would happen in this market? Now assume that the price of tablet cases drops by 50%. How would this change impact the demand for tablet cases? Explain your answer and reconstruct the graph developed in question one to show this change. Assume that incomes of the consumers in this market increase. 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 or why not? Present your analysis in Microsoft Excel format. Enter non-numerical responses in the same worksheet using textboxes. Submit to the W1: Assignment 3 Dropbox by Tuesday, February 10, 2015. Assignment 3 Grading Criteria
Why has the global capital market grown so rapidly recently? Do you expect it to continue to grow and what are the risks that might be associated with investing in the Global Capital Market?
part a use the first order conditions for profit maximisation to show that a monopolist will never produce on the
question 1. after 35 years working as a practicing economist you decide to retire. to stay somewhat productive during
the cost of transporting goods and the price of obtaining information has decreased substantially over the past 100
At present international management at PM corporation consists of one person. Determine what specific management principles and practices should PM firm start to put in place
Using the AD-AS model, if consumers and business become more optimistic about the future direction of the economy and increase spending, then: aggregate demand will decrease, aggregate demand will increase.
assume that the treasury is currently running large surpluses tax collections exceed new government spending. on a
Suppose XYZ can sell up to 40 units of output per hour at a price of $.60 per unit but cannot even get a penny for units produced in excess of 40 units per hour. How much output should XYZ produce each hour in order to maximize profits?
What is the South African government providing?
In their song "Homeward Bound", Simon and Garfunkel talk about a singer on the road who has grown tired of the road. In part they say: Everyday's an endless stream Of cigarettes and magazines And each town looks the same to me The movies and the fac..
Historically, shifts towards a more expansionary monetary policy have often been associated with increases in real output. Is this surprising? why or why not?
What price should be set if the commission wishes to eliminate economic profits?
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