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Market Researchers at the Lawrence Company estimate that the demand function for a product is: Q=75P^2*I^(-4) Q is quantity demanded, P is Price, and I is Income. Marginal cost is estimated to be $15.
a). They have their product priced at $30. Is this optimal? why or why not.
b). What would you recommend their optimal price to be?
c). How would you classify the product in terms of it's income elasticity?
Would warehouse operators insist on owning their own trucking companies?Why or why not? What coordination and control problems and contractual hazards would these companies encounter?
Phillips Industries manufactures a certain product that can be sold directly to retail outlets or to the Superior Company for further processing and eventual sale asa completely different product. The demand function for each of these markets.
The Taylor Mountain Uranium Corporation currently has yearly cash revenues of $1,200,000 and yearly cash expenses of $700,000.
Price comparison services on the Internet are a popular way for retailers to promote their products and a convenient way for customers to simultaneously obtain price quotes from many firms setting I identical product.
What is the quantity demanded at each price and calculating the coefficient of elasticity, is demand over this range elastic or inelastic? How do you know?
Explain the difference between a price floor and a price ceiling. Provide a situation in which a price ceiling may be used. What are the effects of this price control on the equilibrium
Would the reward system vary among retailers, manufacturers, distributors, financial organizations? What other characteristics should good performance incentives have?
Pepsi manufactures Fritos and Lays potato chips in addition to its basic soft drink products. Discuss and explain potential ways that this business combination might increase value.
industry paper as a partial requirement for this course you will have to submit a paper on an industry of your choice.
Is this an example, of a Cobb-Douglas Production function and would you suggest this firm merge with similar firms?
A company has the following short run demand and cost schedule for a particular product: Calculate the total profit or loss this firm would make
Calculate a total cost function of transport services as a function of volume of production. How you can derive now the average cost and marginal cost of production?
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