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1) characterize the long run equilibrium of a perfectly competitive industry in which average costs are U-shaped as output increases, under both restricted and free entry. b)Discuss the senses in which a perfectly-discriminating monopolist is efficient or inefficient
2) consider an oligopoly in which the inverse demand function p(∑xi ) = a-b∑xi,a,b > 0,and each firm's costs c(xi)- cxi, 0 < c < a. first, given n, determine the cournot-nash equilibrium outputs, profits, deviation of price from marginal cost, and deadweight loss. Then prove that all of these approach zero asymptotically as n tends towards infinity. Comment on the significance of these results.
Describe the decision-making view and the process view of operations management. Why are both views useful in studying the field of operations management?
10 person assembly line, 160 valves produced during 8 hour shift, calculate the labour productivity
A research team conducted a study of soft- drink preferences among residents in a test market prior to an advertising campaign for a new cola product. Of the participants, 130 are
Assume that the company received no government grants and that all the funding for the company has come from VCs. Add an earlier seed round to replace the government funds, and mak
Marketers traditionally classify products on the basis of characteristics: durability, tangibility, and use (consumer or industrial). for each product type by way of real-life exa
For years, David and Evie Wexler of The Little Guys Home Electronics had many ideas about how to improve the home electronics store in which they were working, but could not put th
An analysis of order and shipment data shows that the order fill rate is 97.1% and ABBA collected the following data concerning customer service performance: Late delivery-5 per
Imagine the worst possible reports from a system. What is wrong with them? List as many problems as you can. What are the consequences of such reports? What could go wrong as a res
Suppose that at any period of time a photo-copier machine can either be working properly, in need of maintenance, in need of minor repair, or in need of major repair. If the photoc
When the National Cattlemens Beef Association advertises Beef, Its Whats for Dinner, it is trying to stimulate _____ demand. selective primary derived generic second
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