Effectiveness of market structure for companys operations

Assignment Help Microeconomics
Reference no: EM13755797

Write a six to eight (6-8) page paper in which you:

  1. Outline a plan that will assess the effectiveness of the market structure for the company's operations. Note: In Assignment 1, the assumption was that the market structure [or selling environment] was perfectly competitive and that the equilibrium price was to be determined by setting QD equal to QS. You are now aware of recent changes in the selling environment that suggest an imperfectly competitive market where your firm now has substantial market power in setting its own "optimal" price.
  2. Given that business operations have changed from the market structure specified in the original scenario in Assignment 1, determine two (2) likely factors that might have caused the change. Predict the primary manner in which this change would likely impact business operations in the new market environment.
  3. Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisions in both the short-run and the long-run.

TC = 160,000,000 + 100Q + 0.0063212Q2

VC = 100Q + 0.0063212Q2

MC= 100 + 0.0126424Q

  1. Determine the possible circumstances under which the company should discontinue operations. Suggest key actions that management should take in order to confront these circumstances. Provide a rationale for your response. 
  2. Suggest one (1) pricing policy that will enable your low-calorie, frozen microwavable food company to maximize profits. Provide a rationale for your suggestion.

Reference no: EM13755797

Questions Cloud

What was purpose of notice from the imperial german embassy : What was the purpose of the notice from the Imperial German Embassy?
How societies in early modern era viewed foreign influence : Describe the place of religion in the policy of governments in the early modern era. Explain how societies in the early modern era viewed foreign influence.
Design a program that accepts a players team number : The Midville Park District maintains five soccer teams, as shown in the table. Design a program that accepts a player's team number and displays the player's team name
Evaluate the various methodologies for sociological research : Evaluate the various methodologies for sociological research. Apply the sociological perspective to a variety of socioeconomic and political problems.
Effectiveness of market structure for companys operations : Determine the possible circumstances under which the company should discontinue operations - your low-calorie, frozen microwavable food company to maximize profits. Provide a rationale for your suggestion.
How films engage social concerns : Based on the films you have watched and the ways you have learned to interpret meaning in them, discuss your ideas about how films engage social concerns and have lasting effects on society. Pick a film (or films) as evidence of this dynamic and d..
Changes imply about the future of film distribution : What do these changes imply about the future of film distribution and audience participation in the film's lifespan
Write letter to king george explain why you believe colonies : Write a letter to King George lll explaining why you believe the colonies in North America should be allowed to peacefully separate from Britain.
What was wrong with american society : In the view of progressives, what was wrong with american society? what solutions did they proposed to address social problems?

Reviews

Write a Review

Microeconomics Questions & Answers

  Compute short-and long-run price elasticities of demand for

according to a study of u.s. cigarette sales between 1955 and 1985 when the price of cigarettes was 1 higher

  What happened to leontief paradox-human capital embodied

What happened to the Leontief paradox and human capital embodied in US exports was accounted for as a separate factor of production? Does this help to describe why college graduates my favourite international trade more than those would significantly..

  Every firm in a competitive industry earns zero profit

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

  Business etiquette is an important component for business

You will write a one-to-two page paper about your specific chosen topic. Discuss at least four points that are important considerations for the topic you chose and include 2 or 3 sentences discussing why each point is important to consider as a busin..

  How much invested now at an interest rate

How much invested now at an interest rate of 9% compounded annually would be just sufficient to provide three payments as follows:

  Identify the exogenous and endogenous variable

Use the model of supply and demand to explain how a fall in the price of frozen yogurt would affect the price of ice cream and the quantity of ice cream sold. In your explanation, identify the exogenous and endogenous variable.

  What is meant by horizontal differentiation

What is meant by horizontal differentiation? How can one define the properties and purposes of structure?

  What is the long-run total cost function

Suppose the production function for oranges is Q = k^1/3 L^1/3. What is the labor demand function when Q = 4 and r = 9 ? What is the capital demand function when Q = 4 and w = 4 ?

  Problem 1 perfect substitutes productionthe firms

problem 1. perfect substitutes productionthe firms technology is such that one unit of output can be produced either

  Interest rate of 10 percent per year

Integrating problem Samantha Roberts has a job as a pharmacist earning $30, 000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $40,000 per year or to purchase a pharmacy that generate revenue of $200,..

  Who competes with a second firm which had been a monoplist

The second firm finds that although demand is not perfectly elastic, it is now relatively more elastic. what will happen to the second firms marginal revenue curve and to its profit-maximizing price. competes with a second firm which had been a mon..

  Draw the long-run conditional labor demand

A firm’s production function is given by: f(L, k) = L^1/2 , where L is the only input into production and it is variable in both the short and long run. Draw the long-run conditional labor demand in (L,Q) space (in other words, with L on the x-axis)

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