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1. In side-by-side diagrams illustrate two perfectly competitive firms in long-run equilibrium where the firms have identical AC but the firm on the right has higher fixed costs. Using these diagrams illustrate and explain which firm: left (low fixed costs) or right (high fixed costs) is more likely to survive if the long-run equilibrium is interrupted by a severe recession.
2. The wood pallet industry is perfectly competitive. In addition, suppose that that each firm has an identical total cost function TC = 400 + 5q + q2 , corresponding to MC = 5 + 2q. The market demand curve for this industry is Q = 262.5 - .5P. In the long-run, what is the equilibrium price and how many firms are operating in this industry? Fully explain the economics of how your answer is derived. Do not use calculus. Note: the diagram of a perfectly competitive firm in the long run may prove helpful.
3. Consider a monopoly with an upward sloping marginal cost curve. What is the effect of an increase in marginal cost on the monopolist's price? What is the effect on the monopolist's revenue?
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Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..
Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.
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Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..
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Prepare a major handout on the key principles of instructional leadership
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