User Account

All Pages

Describe how he might use sensitivity analysis

Assignment Help Microeconomics
Reference no: EM131523813

Question: Over dinner, your father mentions that he is considering retiring from real-estate sales. He has found a small retail business for sale, which he is considering acquiring and running. There are so many issues to think about, however, that he has a difficult time keeping them all straight. After hearing about your decision-analysis course, he asks you whether you have learned anything that might help him in his decision. What kinds of issues are important in deciding whether to buy a retail business? Describe how he might use sensitivity analysis to explore the importance of these issues.

Reference no: EM131523813

Questions Cloud

What the differences that exist between the arab and muslim : What are the differences that exist between the Arab and Muslim Americans in United States. What should the government do to curb these effects
What variables could be subjected to sensitivity analysis : Some friends of yours have been considering purchasing a new home. They currently live 20 miles from town on a two-acre tract.
Analyze the three types of experimental designs : Analyze the three types of experimental designs and the variations of each and describe internal and external validity with experimental research designs.
Research an existing publicly traded company : Research an EXISTING publicly traded company compiling a comprehensive marketing plan for this company throughout the course.
Describe how he might use sensitivity analysis : Over dinner, your father mentions that he is considering retiring from real-estate sales. He has found a small retail business for sale.
What is the maximum amount : Labor is expected to increase by 5% and the interest rate is 10%. What is the maximum amount you could spend on the device?
Under what circumstances would it definitely not be dominate : When purchasing a home, one occasionally hears about the possibility of "renting with an option to buy." This arrangement can take various forms.
Describe your organizations mission and vision and values : Describe your organizations mission and vision and values.Assess marketing concepts and situations from an entrepreneurial manager's point of view.
How do researchers typically operationalize your variables : What variables are included in the theory? How has it evolved? How do researchers typically operationalize your variables

Reviews

Write a Review

Microeconomics Questions & Answers

  Elasticity of demandthe demand for goods varies

Elasticity of DemandThe demand for goods varies based on the change in the price of the goods. For example, if oatmeal costs less than cereal, consumers would buy more oatmeal for breakfast. However, the demand for inexpensive goods and services is n..

  Determine the changes to the quantity of imports

Assuming that American imports of wine are a small part of total world wine production, draw a graph for the U.S. market for wine under free trade. b.) Now suppose that a tariff is place on the importation of wine into the United States to protec..

  Explain inverse demand and supply functions

Consider a market characterized by the following inverse demand and supply functions: PX = 50 - 4QX and PX = 10 + 2QX. Compute the surplus producers receive when a $30 per unit price floor is imposed on the market.

  Can the country continue to afford deficits indefinitely

Assume that a country's real growth is 2 percent per year, while its real deficit is rising 5 percent a year. Can the country continue to afford such deficits indefinitely What problems might it face in the future

  What is the expected value of each lottery

utility if a function of income (I), given by: \(U = 101\) as long as I is less than or equal to 300. If I is greater than 300, your utility is a constant equal to 3,000. Suppose you have a choice between having an income of 300 with ce..

  Accomplish its intended goal of lowering overall spending

If a price ceiling is to accomplish its intended goal of lowering overall spending, which of the following should be true?

  Externalities-analysis and policy design suppose that in a

externalities-analysis and policy design suppose that in a competitive market demand is given by the equation p 600 -

  High inflation was always caused by excessive money growth

Milton Friedman felt that high inflation was always caused by excessive money growth. In fact, he has been quoted as "Inflation is always and everywhere a monetary phenomenon." A) True B) False

  List the different types of market structures

List the different types of market structures that big data benefits the least and benefits the most. While data collection may benefit the business community, discuss the potential concerns for consumers that arise with the proliferation of big da..

  Describe whether it shifts the short-run aggregate supply

for each of the following explain whether it shifts the short-run aggregate supply curve the long-run aggregate supply

  What would the consumer surplus-producer surplus

What would the Consumer Surplus, Producer Surplus, and Total Surplus be for the quantity demanded =1000-P and the quantity supplied =3P-120?

  Statistically significant regression coefficient

Determine which of the following is most likely to indicate statistically significant regression coefficient? Assume the price elasticity of the supply of cheese is 0.80. If the price of cheese rises by .20 percent,

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd