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ASSIGNMENT ONE
What are the characteristics of monopolies and why is the output inefficient? Under which circumstances are they likely to occur?
Suppose that the government is the only provider of water. The market demand function reads Q(P) = 50 - 2P. The government's total cost for producing water are described as follows: TC(Q) = 100 + 10Q.
What price will the government charge if it wants to ensure an efficient allocation of water?
What price will the government charge if it wants to maximize profits?
Calculate the economic profit in both scenarios.
Assignment must be Type written, font-times new roman, font size-12, Line spacing 1.5, justified. Use Harvard referencing style. Note especially for distance students: No assignment shall be submitted during residential school. Stick to the deadline given. Any assignment brought in during residential school shall attract a zero mark as maximum score. Your cover page for assignment must include the following; Name: (names must be written according to how it is captured on unilus portal system), Computer number: (must be written in full i.e. (AFIN132045….), Mode of study: (is it distance, part time or full time), Program of study: (bachelor of science in economics, Human Resource Management) and Note: Full time and part time students are to submit assignment in class on the due date. Do not bring at any other time.
Identify a system, process, or service in your organization's HRIS that could be improve and compare the current system.
Calculate and make a new graph giving the marginal cost of each cheesecake if workers become 25% more productive, that is to say, if each cake can be made with only 75% as much labor.
On a separate diagram, draw a series of isocost curves showing how falling prices of computers changed firms options.
Create three optimal decision rules for Katrina's Candies (e.g., whether to hire more staff or hire temporary workers to meet production schedules.
Discuss some of the effects of the economic downturn on supply, demand, inferior goods, complimentary goods, substitute goods, and price.
Discusses the issues that occur when voice traffic is sent over a typical wireless local area network, such as what the advantages are, the problems often encountered, and how these problems can best be overcome.
Derive the demand curves for GGCs product in each market - Derive GGC's marginal revenue (MR) and marginal cost (MC) curves in each market. Show graphically GGC's demand, MR, and MC curves for each market.
The following production function are given and solve this problem using an spreadsheet approach and then do the problem using the optimization procedure
What price would you bid if you must win the project? What price would you bid if you want to maximize the expected value of the contribution from this contract?
Find out the all India cable demand for the year 2004 and monthly estimated sales of Bengal cables Company - The price factor was not considered important in forecasting all India demand for cables. Will the same be true in estimating demand for ..
Suppose that inflation doubles the price of both inputs. What affect will this have on your optimal input mix? Show using isoquants and isocost lines.
In either scenario would morale and employee satisfaction falter leading to a decrease in production and therefore revenue? Both cases could lead to decisions that create bad publicity as the company would be either letting people go or taking away m..
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