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Base on the corporation data please provide answer to the following questions1. During the job interview, the Vice President understood that you had received rigorous training in managerial economics, and you were able to select some appropriate methods to forecast the market movement. Thus, he is very interested to see some quantitative analysis based on the company's previous market reports and other relevant factors (for instance, macroeconomics factors).
2. However, most member of the Board of Directors only have some basic training in economics. So you should explain your results intuitively and use the language so that people with only intro level economics can easily follow.
A firm uses two plants (A and B) to produce the product. The plant's marginal cost functions are given by the following equations:
Why is it not surprising to find that in the oligopoly which sells basically undifferentiated product like chicken growth hormone all the firms change prices simultaneously, even if there is no explicit price fixing?
Assume you're in charge of the toll bridge that essentially cost free. The demand for bridge crossings Q is given by P = 60 - 2Q. Draw a demand curve for bridge crossings
Use demand and supply analysis to illustrate the changes in chicken prices described in the article. Describe what has happened in the corn and soybean-meal markets and how that has influenced the chicken market.
How does competition affect profits and prices? What causes some firms to enter an industry, and others to leave it?
This is a challenging question and involves algebraically solving system of two equations given by AD abd AS curves. The equations for the curves are given through the following:
Assume a manager of a profitable department store you're confronted with the pricing problem. You've two types of customers
Will firms in industries, in which high levels of output are necessary for minimum efficient scale, tend to have substantial degrees of operating leverage? Please explain.
Choose an existing good or service from Will Bury's Price Elasticity, Incremental expenses, or Thomas Money Service Corporation scenarios, or choose an existing business with which you are familiar.
Give some examples of waiting lines in everyday life. What decisions should managers of such systems consider? Try to consider the production line as well as waiting in the queue.
What is the shutdown point? Give an example. How is the short-run defined in the production process? Please provide references if applicable.
Current economic theory and their application or lack of application to contemporary economic problems
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