Problem Set 1

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00 回2 Price and Cost (Figure: Determining Profit) Given the price of A, economic profit can be illustrated by which rectangle (Hlnt: See PowerPoint slides 31-34)? MC ATC AVC F. E D AFC Output O A. ABEF O B. ACDF O C. EDJH O D. BCDE A Moving to another question will save this response. MacBook Pro DD F7 F1 F2 F3 F4 F5 F8 OL %23 ) 3. 9. D. H. B C. gE command command do

12.Why is understanding NPV important to both the buyer and seller ofa firm when there is a potential sale of the business.

2. Explain the benefits to the Potential employee if M&S opens the new food store.

く Layout References worldclassroom.webster.edu MBA 5010 Week 3 assign... - Saved to my Mac Review View sign Mailings 12 V A* A Aa v P E EF V x² | ALA v V V = => | > 三 Q Search (Cmd + > Comments Ą V Styles Styles Pane Dictate Sensiti MBA 5010 Week 3 Assignment (Rev 3) This weekly assignment is intended to be completed individually. The following companies and scenarios are fictional. In each case, you are to demonstrate graphically the change in the model and then provide a hypothetical explanation of what happened. All assignments must be submitted as Word files. Example-Capn' Mark's Seafood price is falling even while sales are growing. $ New Price po Supply New Supply Demand New Q° Quantity Qty Capn' Marks Seafood has developed a new technology that allows it to "grow" seafood chunks using genetic engineering. This new technology means Capn' Marks can supply fast food restaurants with seafood patties at half the price of its competitors. The result is an increase in sales.…

Question 1 What is the Professor's expected payoff in equilibrium? MRS. PEACOCK Conservatory Ballroom Revolver 1,3 3,2 PROFESSOR PLUM Knife 2,-2 1,4 Wrench 0,6 5,0

19) A manager of a manufacturing enterprise is considering whether to produce an intermediate good in house or to buy it from another firm. If the good is produced in house, three potential outcomes are possible: (i) if production is done in one shift, then expected profit is - $30 000 per year, (ii) if production is done in two shifts, then expected profit is $10 000, and (iii) if production is done in three shifts, then expected profit is $55 000. Probabilities associated with these outcomes were estimated as 35%, 45% and 20% respectively. However, if the good is purchased, two potential outcomes arise: (i) on-time delivery of the good results in $20 000 of expected profit, (i) delays in delivery result in an expected loss of - $17 000. Probabilities of these outcomes are 60% and 40% respectively. Draw a decision tree, and execute it to make a decision.

32.23 Millie Bush has written a best-seller. Revenues net of production costs are $3007¹/34¹/3 where T is the number of publicity trips Millie takes and A is the number of ads for the book that appear. Millie has to pay for all of her own publicity trips, which cost $100 each. Her publisher pays for the advertising, which costs $100 per ad. Revenues from the book are split equally between Millie and her publisher. Let T1 be the number of trips that Millie would choose to make in a Nash equilibrium where she chooses the number of trips and the publisher chooses the amount of advertising. Let T2 be the number of trips that Millie should make if trips and advertising are determined so as to maximize total profits net of trip and ad costs. (a) T1 = 1 and 72 = 1. (b) T1 = 1 and 72 = 2. (c) T1 = 2 amd T2 = 1. (d) T1 = 1 and T2 = 1/8. (e) T1 1/8 and T2 = 1.

2 Scenario Your client, InsureCorp, is an insurance company considering launching an 'income insur- ance' product in the nation of Motherland. Income insurance is a product that fully insures a household against changes in income caused by a major injury or illness. At present, no businesses are selling income insurance products in Motherland. Initial market research suggests that there are 15,000 households in Motherland interested in purchasing income insurance. Your client expects that the fixed cost of launching the income insurance product will be $25,000,000 per year, and that each policy issued to a customer will cost the company an additional $2,000 in sales commissions. 2.1 Your task Your client wants you to analyse the potential market for income insurance and report on the following: What is the maximum price the company can charge a household for an income insurance policy? What is the expected profit (or loss) for the company if it becomes a monopoly provider of income…

1. Jo bought a second-hand IPhone12 max and then sold it to Rudy at a profit of 40%. Rudy then sold the IPhone12 max to Noel at a profit of 20%. If noel paid P2,856 more than it cost Jo, how much did Jo pay for the unit. a. b. C. d. P 4,100 P 3,900 P 4,000 P 4,200

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Micro chapter 8

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Suppose that the expected value of weekly profits for an ice cream shop, before paying the manager, Amy, is where e is Amy's weekly avertime hours. Amy is risk-neutral but incurs a cost for working overtime. Thus, tatal expected surplus is What level of effort maximizes total surplus? The value of overtime that maximizes total surplus is e-hours. (Enter your response rounded to one decimal place.) E(x)=500+10c C(e)=² E(S)-[(x)-C(e).

b) After conducting a costly study, an outside consultant suggests that the company could makemore money from its customers if it sold laptops and printers together a s a bundle instead ofseparately. Is the consultant right?c) If the firm has only one customer of each type, how much does the firm each in total from purebundling?

7. Principal-Agent II A risk-neutral principal can hire a risk-averse agent to undertake a project. There are two possible outcomes for the gross profit of the principal, TL There are also two possible effort levels that the agent can exert, e = 0 or 1; if e = 0, the probability of TH is only 1/3, but if e = 1, the probability of TH increases to 2/3. 20 and TH = 50. The agent's utility from receiving a wage wand exerting effort e is Vw – e, and the agent has a reservation utility of ū = 2. (a) Assume that effort is observable. What wage will the principal offer if she wants to induce low effort? What wage will she offer if she wants to induce high effort? What contract is optimal for the principal?

advanced microeconomics, uncertainty

Which of the following is true of an agent's duty to a principal? a.) An agent owes a principal the disclosure of any confidential information about the agent. b.) An agent owes a duty to ensure that a principal is not hurt by the agent's actions. c.) An agent owes a principal his or her best effort to complete all tasks no matter how difficult. d.) An agent owes a duty to perform with allegiance to a principal's interests.

Give typing answer with explanation and conclusion

Which of the following describe some of the tradeoffs faced by a spmpsry president deciding whecher to open a new factary? Cht The factory currently employs 100 workers. The preaident has besn with the cormpany for 20 years Which of the following describe some of the tradeoffs faced by a company president deciding whether to open a new factory? Che The factory currently employs 100 workers The firm can either pay out more of its profit to shareholders or eam additional profit next year by increasing production The president has been with the company for 20 years The firm can either open a new factory or upgrade axiting equipment.

6. Heidi owns a business that sells photographs. The profit function for her business can be modelled by the equation p(x)=-0.5x2-5x-7, where x is the quantity sold, in thousands, and P(x) is the profit in thousands of dollars. How many photos must Heidi sell in order for her business to break even?   please type answer, not in writing

7 Decentralization: You want to introduce lean manufacturing at your plant, but you are not sure whether it will work or not. You think that the outcome is equally likely to be great (incremental profit = 10), good ( = 5), ok ( = 1), or bad ( = M with M = 4). Your plant manager, who actually understand manufacturing knows , but he ís known to be lazy, and thus evaluates the project with a biased utility b (where b is his cost of effort to implement the project). Assume that you are risk-neutral, and that the plant manager implements the project when indifferent. (a) As a function of the bias b, should you decide yourself without the input of the plant manager, or should you delegate the decision to the plant manager? (b) Now assume that the bad outcome is actually a disaster, M = 8. How does your answer to part (a) change? Discuss.

Description   Given the following graph, please label the curves where asked and answer the questions appearing below the graph. a. What is the profit-maximizing level of output? b. What is the significance of 8.5 units of output?

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4. The BestElect electronics store is having a sale on November 8th on any new electronics purchased. Every customer will receive $50 off their purchase of a new electronic item. They are also offering a student discount on every item in the store for the whole month of November. If you can prove you are a student, you will receive 15% off any item. Let x be the price of any new electronic item in the store. a. Write a function P(x) that represents the price of a new electronic item on November 8th for any customer. b. Write a function D(x) that represents the price you will pay for an item after the student discount is applied during any day in November. Now, we have two functions P and D that depend on the price of the item, x. P is a rule that says "take the price of the item, then subtract $50." D is a rule that says "take the price, then take 85% of it." If you want to take advantage of both sales, a composition of functions is necessary! But is there a difference between P(D(x))…