Describe carefully how you would make this assessment

Assignment Help Microeconomics
Reference no: EM13879996

Private companies frequently approach your consulting firm to undertake special projects and provide advice to management. As a senior consultant, one of your jobs is to quote a price for these projects based on an estimate of cost and firm resources (i.e., consultants available to work on them). Your firm recognizes that it is competing with other consulting firms for its potential clients' business.

Over the last six months, you have bid on ten separate projects and have won nine of them. You are establishing a reputation as someone who really can bring in business. Some managers in the firm are worried, however, about a shortage of resources (i.e., available consultants) to complete these jobs. Is yours a "good" bidding record? Describe carefully how you would make this assessment.

Reference no: EM13879996

Questions Cloud

What is the current price of the bonds : Wachowicz Corporation issued 15-year, non callable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 14 years ..
Report components of comprehensive income : 1.How do we report components of comprehensive income created during the reporting period?
Describe which parts of the design phase schibey : Describe which parts of the design phase Schibey should undertake to ensure that the purchased software matches with the business processes that it will use.
Law print the annual percentage rate : Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 18.00%, with interest paid monthly, what is the card's EFF%?
Describe carefully how you would make this assessment : Some managers in the firm are worried, however, about a shortage of resources (i.e., available consultants) to complete these jobs. Is yours a "good" bidding record? Describe carefully how you would make this assessment.
Schibey international is in the process of purchasing : Schibey International is in the process of purchasing a new accounting software system. Scribe is in a very specialized industry, with an international market
Express the minimum amount of investment you need to operate : Express the minimum amount of investment you need to operate and deliver this project, indicating the best ROI at the end of 5th year, based on: Investment amount = Breakeven;
What is significance of the patient''s payer in determining : What is the significance of the patient's payer in determining
The electronics shack is a retailer of electronics such : The Electronics Shack is a retailer of electronics such as cell phones, satellite radios, mp3 players, and high end LCD and plasma TVs. The Electronics Shack is a large chain with stores in strip shopping centers throughout the United States. Howe..

Reviews

Write a Review

Microeconomics Questions & Answers

  Can you determine precisely by how much producer surplus has

Can you determine precisely by how much producer surplus has increased as a result of the $14.82 increase in the average fare? If you cannot be precise, can you determine whether it will be less than, or more than, a specific amount?

  How would you describe the complexity

How would you describe the complexity of the health industry in terms of workforce, environment, and social expectations? How would a health leader successfully navigate this complexity?

  What would happen to the firms revenue

What is the own price elasticity of demand when Px = $154?  Is the demand elastic or inelastic?  What would happen to the firm's revenue if it decided to charge a price below $154?

  How to increase total revenue

Assess a raise in tuition and if it will necessarily result in more revenue - Describe the conditions under which revenue will (a) rise, (b) fall, or (c) remain the same.

  Test to see if sample data indicates that more shoplifters

shoplifting costs retail businesses a great deal of money every year. in spite of this the historical evidence suggests

  The price elasticity of demand for subway rides

Use this data to estimate the price Elasticity of demand for subway rides

  At 99 condence find the margin of error find the 99

suppose a marine biologist was studying a population of lobsters of the coast of singapore. to determine the mean

  What is the economic justification for such a rule

John Taylor of Stanford University proposed the following monetary policy rule: R_t-r ¯=m ¯(π_t-π ¯ )+n ¯Y ~_t. That is, Taylor suggests that monetary policy should increase the real interest rate whenever output exceeds potential.

  What happens to the equilibrium quantity

The U.S. government offers significant per unit subsidy payments to U.S. sugar growers. Describe the effects of the introduction of such subsidies on the market for sugar and themarket for artificial sweeteners. Explain whether the demand curve (D..

  When the company decides to change price of a product it

when a company decides to change the price of a product it knows the demand for that product will change as a result.

  Comparative advantage will benefit all people

“Comparative advantage will benefit all people because everyone has a comparative advantage in something. Therefore, trade based on comparative advantage should be facilitated without undue government intervention”

  Question on equations for is and lm curves

What are equations for IS and LM curves? What is equilibrium level of income and interest rate? What if mix of fiscal and monetary policies is changed. Te money supply is increased by 100 while government spending reduced by 250:

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd