Reference no: EM131149779
Complete three discussion questions
Production Economics and Decisions" Please respond to the following:
• From the scenario for Katrina's Candies, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs. Recommend the key decision-making criteria that Katrina's Candies should use for expansion decisions in the short run and in the long run. Determine under what conditions, a company should or should not continue to produce the good or service.
Market Structures and Cost Management" Please respond to the following:
• From the scenario for Katrina's Candies, determine the appropriate type of market structure for the situation in question. Cite at least four defining characteristics that have helped you reach this decision regarding the appropriateness of the chosen structure.
• Imagine that you are a manager of a chemical company. An accident has occurred in which chemicals leaked into the ground water nearby. The community is unaware of the accident. Compare the primary costs involved in cleaning up the water immediately (and thus confessing) versus hiding your culpability now and possibly paying more in the future. Predict the impact on profitability in both situations.
Market Structures" Please respond to the following:
• From the scenario, assuming Katrina's Candies is operating in the monopolistically competitive market structure and faces the following weekly demand and short-run cost functions:
VC = 20Q+0.006665 Q2 with MC=20 + 0.01333Q and FC = $5,000
P = 50-0.01Q and MR = 50-0.02Q
Where price is in $ and Q is in kilograms. All answers should be rounded to the nearest whole number.
o Algebraically, determine what price Katrina's Candies should charge in order for the company to maximize profit in the short run. Determine the quantity that would be produced at this price and the maximum profit possible.
|
Design a suitable vibration isolator, consisting of a mass
: Design a suitable vibration isolator, consisting of a mass, spring, and damper, as shown in Fig. 9.54(b), for the milling machine such that the maximum vertical displacement of the milling cutter, relative to the horizontal surface being machined,..
|
|
Discuss strategies for teaching reading comprehension
: discuss strategies for teaching reading comprehension in inclusive settings.- discuss how can these strategies be incorporated into each of the content areas: language arts, math, science, and social studies.
|
|
Is the right price a fair price
: Is the Right Price a Fair Price? Prices are often set to satisfy demand or to reflect the premium that consumers are willing to pay for a product or service. Some critics shudder, however, at the thought of $2 bottles of water, $150 running shoes..
|
|
Why probability is important-the logical interpretation
: Using the video, “Why Probability is Important,” list five reasons to study probability theory. Choose two of these reasons and explain why each is either a compelling reason for you or not a compelling reason for you. Using the video, “Probability ..
|
|
Calculate the relevant costs for the expansion decision
: From the scenario for Katrina's Candies, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs.
|
|
Briefly discuss the strengths weaknesses and opportunities
: Conducting a SWOT analysis is essential in developing a good marketing plan. Business owners and managers must focus on the strengths and opportunities to maximize resources and gain competitive advantages.
|
|
Find the displacement of the main mass and auxiliary mass
: Write a computer program to find the displacement of the main mass and the auxiliary mass of a damped dynamic vibration absorber. Use this program to generate the results of Fig. 9.38.
|
|
Describe the ownership rights you would like to claim
: Any original piece of intellectual property you have created, such as a poem, termpaper,even if you did not label it with a copyright notice.- Describe in detail the ownership rights you would like to claim on it.
|
|
The injury rate of its six competitors combined
: Johnstown Foundry, Inc., with several major plants, is one of the largest makers of cast-iron water and sewer pipes in the U.S. In one of the nation's most dangerous industries, Johnstown is perhaps one of the most unsafe, with four times the injury ..
|