Description of competition

Assignment Help Microeconomics
Reference no: EM1371591

Assume you ran the only bakery in town. Further suppose that it was currently very profitable. A. What things might you consider if you wanted to ensure that you continued to enjoy the same success in the future? B. What might you do to head off competition?

Reference no: EM1371591

Questions Cloud

Explain how comfortable would you be working in a culture : Explain How comfortable would you be working in a culture like that of SuccessFactors where a certain level of "niceness" is part of the job description?
Prepare cron file to performs level dump every day : Prepare a cron file which will regularly perform the following backups: performs level 5 dump every day which neither a level 0 nor level 2 dump is performed.
Should joe continue to search or buy a dvd player : Joe's search costs are $7 per search. He wants to buy a DVD player for his wife for Christmas and lowest price he's found so far is $200. Should Joe continue to search or buy a DVD player at a price of $200.
Illustrate probability first electric toothbrush sold : Illustrate what is probability first two electric toothbrushes sold will be returned to drugstore because y are defective. Explain how all work, formula and answer.
Description of competition : Assume you ran the only bakery in town. Further suppose that it was currently very profitable. A. What things might you consider if you wanted to ensure that you continued to enjoy the same success in the future?
Write statement which creates table named part : Write the statement which creates table named Part, with Id field as an int idendity PK, a SupplierId int field, a Description string field of size 25, a Count int field, a Class string field
Illustrate what is mean arrival rate ? : In a waiting line model situation, arrivals occur around clock at a rate of six per day and service occurs at one very three hours. Assume Poisson and exponential distributions. Illustrate what is Mean Arrival Rate λ
How much time does it take for bullet to stop : A child and sled with a combined mass of 55.20 kg slide down a frictionless hill that is 7.84 m high at an angle of 26o from horizontal. The acceleration of gravity is 9.80 m/s2. If the sled starts from rest, what is its speed at the bottom of hil..
Create the logic for the application fast-food resturant : Create the logic for the application which permits a user to enter the ordered item continuosly until sentinel value is entered.

Reviews

Write a Review

Microeconomics Questions & Answers

  Question on isoquant

Am I right in saying an isoquant for an output produced using 2 inputs that can be perfectly substituted for each other can be represented by a straight line

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Revenue maximizing

Assume your elasticity of demand for your parking lot spaces is -.05, and price is $20/day. If your MC is zero, and your capacity at 9 a.m. is 96% full over the last month, are you optimizing?

  Describe the revenue - costs and profit

Describe the revenue, costs, and profit that Starbucks expected when it entered this market.

  Pricing-output decisions in short run

If a representative firm with total cost given by TC = 20 + 20q + 5q2 operates in a competitive industry where the short-run market demand and supply curves are given by QD = 1,400 - 40P and QS = -400 + 20P, the number of firms operating in the sh..

  Determining marketing mix

Marketing mix is controllable set of activities that the firm employs to respond to the wants of its target markets. Make a report on the marketing mix and keep the following questions in mind:

  Law of supply-sunrise surf shop

Sunrise Surf Shop is willing to produce 30 surfboards in the month if it can sell each board for $300. If it can receive $500 for each board, the shop is willing to manufacture 70 surfboards.

  Marginal revenue curve-profit maximizing price

A new competitor enters the industry and competes with a second firm, which had been a monopolist. The second firm finds that although demand is not perfectly elastic, it is now relatively more elastic.

  Consider the model of corruption

Political Economy GV307 : Consider the model of “no theft” where the consumer pays the official government price plus a bribe in order to obtain X. Assume that the official marginal revenue for selling the  good in this context is given.

  Cost of equity-wacc

What is the component cost of the equity raised by selling new common stock? What is the maximum amount of new capital that can be raised at the lowest component cost of equity?

  Example for increasing returns to scale

Give one business example for increasing returns to scale and decreasing returns to scale respectively. How does this characteristic affect its business strategies? Justify your arguments.

  Determining maximum amount of profit

What is the profit-maximizing price of carpets? What is the maximum amount of profit that the firm can earn selling carpets?

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!

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