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Discussion 1: Production Economics and Decisions"
Please respond to the following: 1-2 PARAGRAPHS
• 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.
Discussion 2: Market Structures and Cost Management"
• 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.
Write a one-page policy brief that addresses the questions above and write in paragraph form and do not number the paragraphs.
Identify and describing the current state of the health care industry List the pros and cons related to the health insurance industry along with a short explanation of health insurance. You are asked to develop your own solution to this social..
Normal 0 false false false EN-US X-NONE X-NONE Sheila takes out a $20,000 ..
GDP is down .5% for the previous qtr, after having been in a decline for the previous twelve months. CPI has been steady for the past twelve months. Unemployment has risen .8% during the previous quarter, after having risen steadily for the past t..
How did the 1971 law that banned cigarette advertising on television solve the prisoners' dilemma for cigarette producers? What is the meaning of tit-for-tat in game theory? What conditions are usually required for tit-for-tate strategy to be the bes..
Suppose the monopoly is regulated. If the regulatory agency wants to achieve economic efficiency, what price should it require the monopoly to charge? How much output will the monopoly produce at this price? Will the monopoly make a profit if it c..
Is there sufficient evidence that the mean percentage of carbon-14 remaining in the vegetable pulp differs for the different concentrations of acetonitrile used in the extraction process? Give bounds for, or use the appropriate applet to determine..
What are the two firms' best response functions? Show you calculations and what will be the market price, the market output, the output of each firm and the firms' profits?
What would the equilibrium quantity and equilibrium price be in the absence of the price support program. Add the price floor of $1.50 to the figure
Most likely to be an implicit cost for Company X
How could leaders of sports organizations commicate the will to win and develop the necessary skills while maintaining ethical behavior?
Determine the two equal deposits, the first deposit required now and the second deposit at the end of year 6, so that you can withdraw $2,000 at the end of each year for the next 12 years. Assume that money earns 4% interest, compounded monthly. T..
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