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Each class member shall prepare a written report concerning the performance of a company of their choice. (Forecasting)
Suggested areas to cite:
1- company background
2- products offered
3- products sale revenue for ~four years
4- company's profit (during period observed)
5- based upon observation period, offer forecast of companies' future sales and revenue
6- preferred method of forecasting in via regression.
Assume that the market demand for bus rides is given through Q=420-30P and market supply of bus rides is given through Q=30P, where Q is bus rides each week in thousands
Explain why governments sometimes impose a price ceiling in a competitive market and explain three types of long run supply curves using the real industries.
What is the relationship between the average variable cost and marginal cost and relation between average product and average variable cost?
Discuss why the number of children that a family has may differ in an Industrial Society and a Third World Agrarian Society.
Many retail companies use mark up pricing? Setting price some percentage above variable cost (such as 50% above cost).
Compute the profit maximizing output produced by each firm. Compute the profits earned by each firm and the cartel.
The queue length and waiting time for clients including and excluding the service time and the probability that there will be more than 2 customers waiting
According to the computer industry what are positive and negative effects of either a sudden increase or decrease in the number of competitors on prices in long run.
Calculate MC and then use the same equation to find out the new price. ¦e¦is the absolute value of demand elasticity and determine the breakeven output and total sales revenues and draw the cost-volume-profit chart.
Who are maximizing their rational choice, the Japanese or the Americans and which of the three forms would Adam Smith agree is the best choice?
Five Companies sell pez candy and differentiate in terms of customer service and flavors
Compute the profit at the end of each year if the hospital continues to use the traditional method for surgical operations and compute the profit at the end of each year if the hospital uses a Robotic Surgery Machine for surgical operations.
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