Short-run implications of development

Assignment Help Business Management
Reference no: EM131089448

A graph would be extremely helpful as I don't understand this question.

Suppose five years from now that the ranching industry is in long-run equilibrium at 70 cents per pound.

Graphically illustrate what that would look like for the ranching industry using side-by-side industry and firm graphs.

Then, suppose a new hormone shot is developed at Texas A&M University that allows all ranchers to cut their feed costs by 27 percent if they use this shot. Graphically illustrate the short-run implications of this development in the ranching industry using a new set of side-by-side industry and firm graphs. Explain your answer.

Graphically illustrate the long-run implications of this development in the ranching industry using a new set of side-by-side industry and firm graphs. Explain your answer.

Reference no: EM131089448

Questions Cloud

Designed purely on the division of labour : Jobs that are designed purely on the division of labour, scientific management or ergonomic principles can alienate the people performing them.
Identify internal and external threats to the integrity : Once the assessment is completed on a healthcare facility the second step is to identify internal and external threats to the integrity of the organization.
Suppose that the current spot interest rate for term : The cash futures price of a 3 month zero coupon bond with a face value of $100 for delivery in 11.62 months from now is 95.19 dollars. Suppose that the current spot interest rate for a term of 14.62 months is 20.25% per annum.
Reduce the length of time of collection float for firm : Which of the following does NOT reduce the length of time of collection float for a? firm? A. The firm paying suppliers with a credit card B. Direct payment via online checking C. Electronic fund transfers? (EFT) D. Lockboxes
Short-run implications of development : Then, suppose a new hormone shot is developed at Texas A&M University that allows all ranchers to cut their feed costs by 27 percent if they use this shot. Graphically illustrate the short-run implications of this development in the ranching indus..
Dollar profit or loss and holding period ?return : Ralph bought a share of stock for? $31.50 that paid a dividend of? $.85 and sold six months later for? $27.65. What was his dollar profit or loss and holding period ?return?
Save any money between today and retirement : Now assume that you just got a call from your rich Uncle Dylan and he is going to give you a large sum of money for your birthday today. how much money does Uncle "D" need to give you today so that you would not have to save any money between today a..
What are the major differences in how this idea is presented : Both "Thirteen Ways of Looking a Blackbird" and "Disillusionment of Ten O'Clock" deal with the idea of perception and subjectivity. What other similarities do you see? What are the major differences in how this idea is presented?
Topic starbucks failure in australia : A key outcome of this course is that students be able to select suitable methods of acquiring data as well as analyze and present researched data effectively.

Reviews

Write a Review

Business Management Questions & Answers

  Business climate of russia which is part of the bric countri

A. Comparative risk, opportunity and overall business climate of Russia which is part of the BRIC countries.

  Explain there is no discussion of a price

Explain There is no discussion of a price, and Jeff and Insta-Tow do not sign any documents and Later, Insta-Tow sends Jeff a bill and With respect to Jeff's obligation to pay the bill

  Illustrate what can business do to prevent unexpected

Illustrate what can business do to prevent unexpected problems in dealing with socio cultural economic and financial, legal regulatory and physical and environmental forces in global markets?

  Explain what will happen if we do not delivering

Explain What will happen if we do not delivering the training and What are the restrictions or limitations for delivering a program?

  Characteristics of team affect to make ineffective decisions

Why is this group a team? Write down characteristics of team predispose it to making ineffective decisions? Write down the characteristics of group-think which are manifested in worm team?

  Important information about conflict in organizations

Conflict is inevitable in organizations. In response to this statement, define the term "conflict" in an organizational perspective and explain

  How a firms culture affects work decisions

To what extent does the culture and belief system of a firm impact an organization's ability to achieve its objectives and describe a recent example of how a firm's culture affects work decisions.

  Details of design methodschoose a field of education or

details of design methodschoose a field of education or training preschool kindergarten through 8th grade high school

  Write a letter of inquiry to a utility company

Write a letter of inquiry to a utility company, a safety or health care agency, or a company in your town, and ask for a brochure or an annual report describing its services to the community

  Promissory and affirmative warrantiesin insurance

promissory and affirmative warranties.in insurance terminology a warranty is a promise something has happened or exists

  Underlie the production possibilities curve

1. What are the specific assumptions that underlie the production possibilities curve? 2. What would be the cost of more butter, if the economy is at point C? What would be the cost of producing more guns? How does the shape of the production possi..

  Which of the below best explains the competitive tendencies

Which of the below best explains the competitive tendencies of small firms? Small firms are more nimble as well as can respond quickly to competitive attacks.

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