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1. Explore how a firm determines the optimal scale of a plant for a given rate of output and why this determination relates to longer-run strategies versus current operations. Also, discuss the differences between economies of scale and economies of scope and how firms can benefit from each. Then, provide a specific company example of economics of scale or economics of scope and how it affects production and cost or how technology affects the inputs and costs. Conduct research and use specific examples.
2. Think of an example of the principal-agent that you experienced first-hand or read or heard about. What factors led to the problem? Were there serious adverse outcomes arising from the problem?
3. One of the most important activities in supply chain design is selection of suppliers. Discuss what criteria (other than price) might be used to select the suppliers.
4. Go to BusinessBalls.com. Under "quality process improvement tools and techniques" and review all of the tools and techniques for process evaluation and improvement. Select one tool or technique and discuss how you would use it to analyze and improve a manufacturing or service process in an actual application. Provide specific examples from your current or previous work experience. Below is the link for the assignment.
Calculate the coefficient of price elasticity (midpoints approach) for Goldsboro's supply. What was Diane's economic profit.
q. pb 140 - 4ab where pb is the ticket price paid by businesses measured in dollars and ab is their attendance
Discuss whether perfect competition is more efficient than regular unregulated monopoly, regulated monopoly, and natural monopoly? Justify your answer using real world examples.
Profits for Firm 1 have risen from $256 to $288, while profits of Firm 2 have declined sharply from $256 to $144. B. How much will each firm produce and what will its profit be.
A machine is purchased for $56,000 with a useful life of 5 years, after which, it is estimated to be worth $5,000. The machine will be operating 2,500 hours per year with annual maintenance and operating costs of $6,000. Using an interest rate of ..
Profit max level of output. Quantity firm will minimize average total cost. Illustrate at what price will y shut down.
Following the war, the government of Country A would like to impose tax RMx on cars. Ilustrate and explain with graph for the car market due to the taxes. In your opinion, who will bear more of the taxes imposed-suppliers or consumers.
determine intellectual analysis and incisive. Write down a brief essay of about one page on the impact of labor migration.
A company earns an annual profit of $50 million. There are 100 million share of stock outstanding. People expect a 9% return on stock. What is a share of stock in this company worth?
Explain what would happen to equilibrium price and quantity in the market for Pepsi if the following occurred (be sure to indicate WHY it happens as well)
How much profit will monopolist make if she maximizes her profit. llustrate what would be value of consumer surplus if market were perfectly competitive.
Roma was a schoolteacher and earned $40,000. But she enjoys creating cartoons, so at the beginning of 2003, Roma quit teaching.
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