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Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of output per month (working 20 days / month). The daily wage (per worker) is $70, and the price of the firm's output is $32. The cost of other variable inputs is $2,000 per day. You are told that the firm's fixed cost is "high enough" so that the firm's total costs exceed its total revenue. The marginal cost of the last unit is $30.This assignment allows you to determine the specific details about this fictitious company in order to conduct an environmental scan of this company.Write a three to four (3-4) page paper in which you:
Briefly describe the details of the fictitious business that you created for this assignment. Assess the current environmental scan factors. Determine the factors that will have the greatest impact on plant operations and management's decision to continue or discontinue operations. Evaluate the financial performance of the company using the information provided in the scenario. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term. Be sure to show the calculations that helped you reach your conclusions. Recommend how the company can improve its profitability. Then, develop a brief plan to implement the recommendations. Assess the circumstances in which the company should discontinue operations. Provide a rationale with your response.
Show how the transaction would have been recorded in the German balance of payments accounts. What was the net effect on the German balance of payments.
Illustrate a firm in monopolistic competition that does not make a profit but rather a loss. Now illustrate how firm exit will change demand in the long run, allowing at least some firms to break even.
Find the effective annual interest rate (b) Use your result in (a) to find the value of the investment immediately after the 10th investment (use the algebraic form of any interest factors used).
For this assignment you need to evaluate one idea and how you would implement your stimulus strategy. Food for thought
Elucidate which following is true in market of a monopoly
Select one market segment, and describe in one or two paragraphs what features the cell phone might have in order to be attractive to this segment.
What steps can Congress and state legislatures take to alleviate a serious national shortage of skilled providers. Research suggests medical errors have been linked to inadequate staffing.
In the first-order exponential smoothing model, the new forecast is equal to the old forecast plus a weighting factor (W) times the error in the most recent forecast.
Illustrate what is the WTO. Briefly describe one trade topic identified by the WTO on the website. And, what did you learn from the Web site about the WTO.
Explain why does MySpace attract so many visitors. Why does MySpace attract so many visitors.
While grading a final exam, an economics professor discovers that two students have virtually identical answers. Illustrate which outcome do you expect.
Suppose you are the manager of a home-building company and the government is considering eliminating the deduct-ability of mortgage payments interest.
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