User Account

All Pages

Explain how will you arrive at pricing decisions for the

Assignment Help Microeconomics
Reference no: EM13393732

For this project, you are required to create a fictitious business and describe your industry, costs, market type, pricing decisions, and overall strategy. You are expected to use actual figures in this project and these numbers should be as realistic as possible. Cited sources should be used to support your writing whenever possible. The following topics should be used to guide the discussion of your business.

  1. Describe your company and the industry it is in.
  2. What are your fixed costs?
  3. What are your variable costs?
  4. What type of market will your business operate in?
  5. Will your company have any monopoly power? Why or why not?
  6. What factors will affect the supply of your product?
  7. What factors will affect the demand for your product?
  8. How will you arrive at pricing decisions for your product?
  9. What type of profit do you expect in the short run? In the long run?

Reference no: EM13393732

Questions Cloud

An agent spends about 6 minutes per customer exponentially : an airline ticket counter has one line feeding into 2 ticket agents. the airline is considering adding a third agent.
The earliest start es earliest finish ef latest start ls : draw the activity on node aon project network using microsoft project or visio. perform a critical path analysis for
Firm a has 10000 in assets entirely financed with equity : nbsp1. firm a has 10000 in assets entirely financed with equity. firm b also has 10000 in assets but these assets are
Choose a comprehensive annual financial report cafr for a : you are working as an accountant for the government and you have newly elected board members who are businesspeople
Explain how will you arrive at pricing decisions for the : for this project you are required to create a fictitious business and describe your industry costs market type pricing
Also suppose that there is an infinite line possible which : a local radio call-in show has about 25 calls arrive each hour and the radio host spends about 1.1 minutes per caller
Chapman inc has several outdated computers that cost a : 1. chapman inc. has several outdated computers that cost a total of 8600 and could be sold as scrap for 4600. they
What does the term noise mean in marketing with so much : 1.what does the term noise mean in marketing? with so much advertising noise in the marketplace how can a company
How does the modified accrual basis of accounting differ : submit your responses to the following questions in a 1-2 page summary msword document. label each question clearly.

Reviews

Write a Review

Microeconomics Questions & Answers

  Compute bowen''s accounting profits

Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $4 million. Bowen owes his local bank $3 million. Last year Bowen sold $5 million worth of cotton. His variable operating costs were $4.5..

  Relationship between different levels of government

There are literally several elected officials across the U.S. at the local, state, and national levels. The 2-major political parties remain as important to election and reelection of public officials today as ever before.

  When a company goes from a private corporation to a public

when a company goes from a private corporation to a public corporation it does an ipo. what does ipo stand for? what

  People haveresorted to carry out exchange

In countries where the monetary system has broken dow, what are some of the alternatives to which people haveresorted to carry out exchange?

  Demand curve is the producers average revenue

Give a numerical example to show that a monopolist's marinal revenue can be upward-slping over prt of its range

  Monopoly-demand schedule-deadweight loss

What price and quantity will monopolist produce at if the marginal cost is constant $4.00? Compute the deadweight loss from having the monopolist produce, rather than the perfect competitor.

  Compute effective rate of protection if there is no duty on

1. discuss the small-country case of tariffs using partial equilibrium analysis.2. suppose the free trade market price

  1why would suppliers be willing to accept prices that cover

1.why would suppliers be willing to accept prices that cover variable costs but do not cover total costs? how does the

  What has been the end result of government intervention

what action has our government taken in order to provide this good and service in an equitable fashion what are the alternatives to government intervention 3. what has been the end result of government intervention

  What happens in the market for oil

When war broke out in the Middle East, many markets were affected. Most of the worls's oil production takes place in this region and what happens in the market for oil; and (ii) what happens in the market for sports utility vehicles as a result of ..

  3500 is deposited every year with 6 interest each year38

3500 is deposited every year with 6 interest each year.38 equal deposits are made.how much money can be withdrawn in 20

  If riskiness of the investment equals 3 what risk premium

william j. bryan is the general manager of an electrical equipment plant. he must decide whether to install a number of

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