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1.Assume you are the manager of Abba Cable Company, which provides commercial communication services to the town of Canyon Lake, Texas. Because of licensing restrictions in the market, only your company and two others (Babba and Cabba) are allowed to operate in this market. The three companies decide to form a cartel and divide the market shares such that each company will provide services that will maximize its profits. The licensing restrictions allow each company to sell as much as it wants at a price ceiling of $2,200. You have the following output and MC data for each company:
a. Calculate the industry output and market share at the current price of $2,200, assuming the prices are stable and unlikely to change.
b. Assume the current prices in the market are challenged by the regulatory agency, resulting in a new maximum price of $2,000. How will this change the industry output and market share for each company?
c. Is there any incentive for any company to cheat under either of the conditions in tasks a and b? Why or why not?
If speculators had better information about future exchange rates, would their actions be more or less stabilizing than at present?
Do you see any potential problems with the new plan? Explain. substantially altered the environments of some of these companies.
Calculate the expected profit and calculate the expected utility of profit and comparing the utility of $3,200 with the expected utility of the risky project, what should the manager do if the manager wishes maximize expected utility of profit? Exp..
Campare RMSEs for moving average and exponential forecasts to answer "Is this a better forecast than the moving average?" Use 166.63, the mean of all 36 months, as the initial forecastfor Jan. 1998 for both exponential smoothing forecasts.
Would there be differences in the decision making process when involving these individuals?
Suppose Dell is currently selling 250,000 Pentium 4 laptops permonth. A manager at Dell argues, "The last 10,000 laptops weproduced increased our revenue by $8.5 million and our costs by$8.9 million
Determine the total number of campers to breakeven for the season - the profit if the camp is operated at 90% capacity
Set the price of tuna to its equilibrium level. Now the price of tacos falls to $3. At the current price of spaghetti, supply changes by what?
1.Is there any truth in the saying that the price of a good is a reflection of its quality?
Describe the three aspects of organizational architecture. What is a major difference between the architectures of markets and firms?
Explain how the aggregate expenditure function shifts in response to changes in each of the variables - The real interest rate increases and Consumer confidence decreases.
Based on predatory pricing theory, the predatory company sets price below marginal cost, the relevant cost of production. Competitors must then lower their prices below marginal cost,
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