A mill and fishery operate on a river. The fishery can operate at one of two locations - upstream or downstream. Pollution lowers the profits of the fishery: without pollution, profits are $300 upstream and $500 downstream. With pollution, profits are $200 upstream and $100 downstream. The mill earns $500 profit. Technology is
You run a chain of movie theaters, so you commission a marketing study that categorizes your potential customers into 10 equal-sized groups according to what they're willing to pay for a movie, ($10,$9,$8,$7,$6,$5,$4,$3,$2,$1). It turns out that the low-value customer groups, those with values ($5,$4,$3,$2,$1), are all over 65
In 400-500-words, analyze the current market conditions of Burger King. Address the following topics in the analysis: A. Market structure B. Impact of new companies entering the market C. Prices Please provide reference(s)so I that I could refer to it. If possible, please use references from the U.S. Thanks!
I need to get some information regarding my Market Trends Paper. I have to describe market trends at Avon Cosmetics Inc. regarding the following three areas. Explain conclusions and how each of the following areas will change or not change, and why: Market structure Impact of new companies entering the market Impact of gov
Indoor Water Park caters to both locals and out-of-state visitors. The demand for day-passes to the water park for each market segment is independent of the other market segment. The marginal cost (which also equals the average variable cost) of providing service to each visitor is $5 per day. Its fixed costs are $10,000 per day
When you gather data note prices and number of cars at each station. Use the number of cars for all stations to calculate market share. Then plot market share against price. I cannot figure out how to plot this in excel. Could you give me a quick tutorial in excel and show me how this is done. I have the data. See below. T
Would hiring and training expenses classified as fixed costs or variable costs? Why?
Jim Overstreet, inventory control manager for Itex, receives wheel bearings from Wheel-Rite, a small producer of metal parts. Unfortunately, Wheel-Rite can only produce 500 wheel bearings per day. Itex receives 10,000 wheel bearings from Wheel-Rite each year. Since Itex operates 200 working days each year, its average daily dema
Standard Deviation of the distribution - The expected value of an investment is $25,000.00. The standard deviation of the distribution is $4000. In what range can we expect the actual outcome of the investment to fall with 95% certainty?
The expected value of an investment is $25,000.00. The standard deviation of the distribution is $4000. In what range can we expect the actual outcome of the investment to fall with 95% certainty?
Hypothesis Testing - 15.18 Sixty-four students in an introductory college economics class were asked how many credits they had earned in college, and how certain they were about their choice of major. Research question: At α = .01, is the degree of certainty independent of credits earned? ... [See the attached Question File.]
15.18 Sixty-four students in an introductory college economics class were asked how many credits they had earned in college, and how certain they were about their choice of major. Research question: At α = .01, is the degree of certainty independent of credits earned? Certainty Credits Earned Very Uncertain Somewhat Cer
Cost, Volume and Breakeven Point, Cost Concepts and Design Economics: Estimate the cost of purchasing a lot, building a house and furnishing it using the following unit cost estimates ...
Estimate the cost of purchasing a lot, building a house and furnishing it using the following unit cost estimates: Size of property 100*150 feet House size 6 rooms, 50*46 feet with 75% of livable space Price of property in area: $2.50/square foot Average cost of construction $125/usable square foot Furniture $3,000 per ro
Cost, Volume and Breakeven Point, Cost Concepts and Design Economics: The cost of a standard cooling system in 1990 was $25,000. If the equipment cost ...
The cost of a standard cooling system in 1990 was $25,000. If the equipment cost index at that time was 915.1, what will be the estimated cost for a similar system when the index is 1200?
Please see the questions attached.
Would any of the following be considered accounting profit? Research and Development Selling and Administrative Expenses Non Recurring Expenses.
The person who sets a precedent in answering this question, in an accurate and TIMELY manner (less than 10 minutes) will get the next 20 questions I post
Refer to the data in the attachment. What are the total fixed costs for this firm? a) $50 b) $100 c) $600 D) $200 E) $60
Please provide a detailed step by step solution for the following problem: Find the marginal rate of substitution for the following utility function: U=10+In X1+0.8In X2 Please Word document attached.
You are a pricing manager at Argyle Inc. a medium sized firm that recently introduced a new product into the market.
I'd like to make sure my answer(and how I got my answer) are correct. You are a pricing manager at Argyle Inc. a medium sized firm that recently introduced a new product into the market. Argyle's only competitor is Baker Company, which is significantly smaller than Argyle. The Management of Argyle has decided to pursue a shor
A country eliminates all tariffs. Would you expect that the value of its currency to rise or fall? Explain your answer.
"Will a monopolist's total revenue be larger with second-degree price discrimination when the batches on which it charges a uniform price are larger or smaller? Why?"
The economist for the Grand Corporation has estimated the company's cost function, using the times series data to be
The economist for the Grand Corporation has estimated the company's cost function, using the times series data to be TC=50+16Q-2Q2+0.2Q3 a. Plot this curve for quanties 1 to 10 b. Calculate the average total cost, average variable cost and marginal cost for these quantities, and plot them on another graph. c. Discuss your
Discuss how NPV is calculated and state the decision rule.
A proposed project should be accepted if the net present value is a. positive. b. negative. c. larger than the internal rate of return. d. smaller than the internal rate of return.
Please help me with the given microeconomics problem for an assignment: There are six potential consumers of computer games, each willing to buy only one game. Consumer 1 is willing to pay $40 for a computer game, consumer 2 is willing to pay $35, consumer 3 is willing to pay $30, consumer 4 is willing pay $25, consumer 5 is
On Thursday nights, a local restaurant has a pasta special. Ari likes the restaurant's pasta, and his willingness to pay for each serving is shown in the accompanying table. Quantity of pasta (Servings) Willingness to pay for pasta (per serving) 1 $10 2
Mutual interdependence means that a. all firms are price takers. b. each firm sets its own price based on its anticipated reaction by its competitors. c. all firms collaborate to establish one price. d. all firms are free to enter or leave the market.
Which of the following is not true about the law of diminishing returns? a. It is a short run phenomenon. b. It refers to diminishing marginal product. c. It will have an impact on the firm's marginal cost. d. It divides Stage I and II of the production process. e. All of the above are true.
5. Which of the following is the best example of the "command" process? a. MCI-Worldcom buys Sprint. b. Striking auto workers force General Motors to shut down its factories. c. Banks raise their fees on late payments by credit card holders. d. The FCC requires local telephone companies to provide ac
Please help with the following problems. Q= 400 - 3P + 4I + 0.6A Q=quantity demanded P=price I= per capita disposable income A= advertising expense Population is constant 1) Over the next 10 years per capita, disposable income is expected to rise by $5,000. What effect will this have on the firm's sales?
How do the payroll taxes levied on the earnings of workers affect their decisions about how much leisure they consume? When the government taxes younger people to pay benefits to older people, how does this affect the amount of assistance that younger people might voluntarily choose to offer older people? When the governme
On an air rout, an ailine offers two classes of service: busienss (B) and economy (E). The respective demands are given by: For B - P= 540-.5Q For E - P= 380-.25Q Because of ticketing restrictions business travelers cannot take advantage of economy's low fare. The airline operates two flights daily. Each Flight has a