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Select an organization that interests you. State the nature of this interest in your memo . It can be a publicly owned company, a non-profit organization, or government agency. Refrain from using private companies because publicly available information about them can be limited.
Conduct an analysis of the demand for the organization's product(s) and/or service(s) by:
Discussing the source of your numerical price and other data
Discussing your approach to estimating demand
Computing and interpreting at least one elasticity measure. Place the details of your computations in an appendix.
In your memo, state why you believe that the organization should meet the increased demand or why it should scale back production and thus supply in anticipation of lower demand.
Cool-Aire Corporation manufactures a line of room air conditioners. Its break-even sales level is 33,000 units. Sales are approximately normally distributed. Expected sales next year are 40,000 units with a standard deviation of 4,000 units.
How large is each individual consumer surplus? How large is total consumer surplus? Calculate producer surplus by summing the producer surplus generated by each sale.
An economy's production possibilities frontier is also its consumption possibilities frontier. under all circumstances,under no circumstances or else.
the demand for a product can change due to many factors. Distinguish between a chang in demand and change in quantity demand. What are the determiniants of demand What are the determinants of suppy
Leading up to the crisis of 1997, Thailand had a current account deficit and an economy that was close to full employment, but possibly somewhat above full employment (i.e. there were signs of inflation starting). Where would you put Thailand on t..
A plastic surgeon thinks she can make more revenue by lowering the price of cosmetic surgery.If cosmetic surgery is an elastic service, is she correct in her assumption.
select one of the cases presented between pages 232-266 of luthans and doh 2012. the case options include each of the
one of the offenders cited in the article is the royal economic societys economic journal which charges about 50 more
Many states provide firms with an "investment tax credit" that effectively reduces the price of capital. In theory, these credits are designed to stimulate new investment and thus create jobs
Coke and Pepsi have sustained their market dominance for more than a century. General Motors and Ford have been hard hit by competition. In one paragraph, explain what economic factors might account for these industry differences.
Research how externalities impacted the development of communication infrastructure- both positively and negatively and discusses a positive example of externality associated with the development of communication infrastructure and Explain why?
explain in words, and use a graph to illustrate, how a Monopoly decides how much to change and how much to produce. Include Marginal Cost, Marginal Revenue, Demand, Average Total Cost, and Profit. Assume the Monopoly is a Natural Monopoly and draw..
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