Discussion Board

cc4.  a)What is the largest number of thingamabobs that can be produced and sold for Yaster Inc. to break even?                        thingamabobs.  Round to the nearest thingamabob. b)How many thingamabobs should Yaster Inc. produce and sell in order to maximize profit?                       thingamabobs.  Round to the nearest thingamabobs.

Consider a food service vendor that owns the exclusive license to sell all food at IU basketball games. If IU reduces the fee that the vendor has to pay for this exclusive license, what would you expect would happen to the firm's price, output, and, profit? Group of answer choices Decrease, increase, stay the same Stay the same, stay the same, increase Stay the same, increase, increase Decrease, increase, increase Increase, decrease, stay the same Stay, the same, stay the same, stay the same

AVAC is the only pharmaceutical firm producing a Vaccine.   The Demand Curve for its product is Qd = 250 – 50 P         where P is Price and Q are packs of vaccines in ‘000                           Total Cost Function estimated by the firm is     TC = 15 + 0.5Q      where Q is monthly output. What is the market structure of AVAC? State its characteristics. Using available information, draw AVAC’s demand, marginal revenue and marginal cost curves in a graph and clearly label thefirm’s profit maximizing price, quantity and profit. Do you observe any welfare loss? If so, also indicate and label the area on the graph.

please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

Suppose that econometricians at Hallmark Cards determine that the price elasticity of demand for greeting cards is -2. a. If Hallmark's marginal cost of producing cards is constant and equal to $1.00, use the Lerner index to determine what price Hallmark should charge to maximize profit. b. Hallmark hires you to estimate the price elasticity of demand faced by its archrival, American Greetings. Hallmark estimates that American's marginal cost of producing a greeting card is $1.22. You note that American's cards sell for an average of $3.25. Assuming that American Greetings is maximizing profit, calculate their price elasticity of demand.

Suppose there are two firms, Boors and Cudweiser, each selling identical- tasting nonalcoholic beer. Consumers of this beer have no brand loyalty so market demand can be expressed as P = 5-0.001(QB + Qc). Boors marginal revenue function can be written MRB = 5-0.001(2QB+Qc) (and symmetrically for Cudweiser). Boors operates with out of date technology and has constant cost of (MC = AC) $2 per unit where as Cudweiser has constant cost of $1 per unit. How many "units" of beer will Cudweiser produce? Select one: O2,333 O 1,667 O 667 O 3,000

Jimmy Key is most likely to gain a strong competitive advantage through which type of differentiation? services differentiation image differentiation channel diff. people diff.

21. Recall the market is composed of 50% responsible firms run by LSU graduates ($50/share fundamentals), 40% medium quality firms run by Grambling State graduates ($40/share fundamentals), and 10% untrustworthy sleazeball firms run by greased-out weasels (the animal, not the human-therefore their stock is worth $0/share, fundamentally). How much of the market would LSU grads have to take over for your willingness-to-pay to catch up to their firms stock prices? 100%

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The petrol industry in Dubai has become increasingly concentrated in recent decades. The number of firms in the industry has dropped by 40 per cent since 1999 peak, while the remaining firms "swelled in size." In order to enter the industry , the owners of the companies must have significant capital at their disposal and they consider the impact of their decisions on competitors and the reaction of their competitors on themselves. Older firms tend to rest on their laurels, having little incentivw to innovate. They spend less on research and development, and instead acquire growth through mergers or acquisitions and expand margins by raising prices on consumers. As at 2020, Cyril Tech has become the largest player in the market providing 80 per cent of the petrol output. The remaining players control 20 per cent of the output. A. State what market structure existed in the petrol industry SUBSEQUENT to 1999. Can excess profit be earned in this industry in the long run. Explain B. State…

I alrready got the first half answered, I need the second half.   JointJuice produces a prepackaged joint support supplement for relief of joint pain with 180 tablets per bottle and operates in a perfectly competitive market. Basically, all the firms in this competitive market have technologies (production and cost conditions) that are the same as JointJuice’s. Suppose JointJuice’s total cost function is given by the following where q is JointJuice’s quantity of packages per day: C(q) = 250 + 6q + 0.1q^2   The market demand function for the output in this market is given by: Q = 1848 - 2P If there are 20 identical firms in this industry, find the market equilibrium price for the prepackaged supplements. Calculate JointJuice’s optimal output level and profits given the market price for the product. If JointJuice is typical of the firms in this industry calculate the firm’s long-run equilibrium output, price, and profit level. Suppose the situation changes. JointJuice has its plant in…

[Let’s think about awarding a patent to any medication drug using the concepts that we learned in this course. Let’s say the drug is an allergy medicine called “Allergy Gone”- (made up name, not a real medicine). The marginal cost of producing daily dose of this medicine is $5. The annual demand and marginal revenue curve facing “Allergy Gone” are shown below:   [ using the graph and information supplied above, answer the questions below. Note- MR, MC and D refer to Marginal revenue, marginal cost, and demand curve in the figure above]   [ Let’s say “Allergy Gone” is the first effective allergy drug and has awarded a patent. Therefore, “Allergy Gone” has a monopoly in the allergy drug market. Using the graph above, find out the monopoly price and quantity in this market and explain in 1-2 sentences.    2. [Calculate the consumer surplus, producer surplus and deadweight loss as “Allergy Gone” becomes a monopoly in the allergy drug market. 3. [ Now, let’s assume “Allergy Gone” enters…

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Q4. Based on the following graph (which summarizes the demand, marginal revenue, and relevant costs for your product), determine your firm's optimal price, output, and the resulting profits for each of the following scenarios: a. You charge the same unit price to all consumers. b. You engage in first-degree price discrimination. You engage in two-part pricing. C. d. You engage in block pricing. Price 1104 100 90 80 70 60 50 40 30- 20 10 MR 0 0 1 2 3 4 5 6 MC = AC 7 8 9 10 11 12 13 14 15 Quantity

The makers of Tylenol pain reliever do a lot of advertising and have very loyal customers. In contrast, the makers of generic acetaminophen do no advertising, and their customers shop only for the lowest price. Assume that the marginal costs of Tylenol and generic acetaminophen are the same and constant. a) Draw a diagram showing Tylenol's demand, marginal revenue and marginal cost curves. Label Tylenol's price and mark-up over marginal cost. b) Repeat part (a) for a producer of generic acetaminophen. How do the diagrams differ? Which company has the bigger mark-up? Explain. c) How might barriers to entry influence the behaviour of the makers of Tylenol? d) What factors would affect the extent to which the makers of Tylenol could engage in predatory or destroyer pricing to force out competitors in this market?

Many apparel companies expanded into mask production during the pandemic. Now that vaccines are readily available, and places are beginning to drop the mask mandates, these masks are heavily discounted at most retailers, and have been completely discontinued at other retailers. For those firms who are discounting their masks, what must be their estimation of how the price they’re charging relates to AC and AVC? How do fixed costs play into their calculation? At what point would it be more profitable for them to burn the masks than to sell them at a discount?

Please give a brief explanation. Thankyou.  Define cause marketing in the context of a nonprofit organization’s earned income strategy. What are advantages and disadvantages of this earned income strategy? Please provide example too.

es/1527/quizzes/19089/take Question 3 When is it best to implement a low-cost provider strategy? Owhen there is significant competition among sellers Owhen buyers would incur low costs in switching to a new seller if you are an industry newcomer who needs to build a customer base O all of these answers are correct 时

Consider an industry with 4 firms. All 4 firms and their yearly sales are listed in the table below: Firms and Yearly Sales Firm Yearly Sales (in Millions) Jamco $104 Kami Inc $95 Lumperson $86 $69 Montour & Sons What is the Herfindahl-Hirschman Index (HHI) for this industry?

total cost function for this market is TC = 500 + 10Q2 1. What are the profit-maximizing quantity, price, and profit for this market?  2. If there are two firms Atlas and Bowden in this market with the same earlier total cost function and they engage in Cournot competition, what is each firm's equilibrium quantity, price, and profit? [NB: round quantities to nearest integer to find equilibrium quantity, price, and profit]  Is this a long run equilibrium? Why or why not?

What strategy did Apple use to defend against competitiors? cost leadership, differentation, focused cost leadership, focused differentation, or integrated cost leadership/differentation. What are examples that display how Apple competes via its chosen strategy

From a Transaction Cost Economics perspective, when would you expect vertical integration to take place within an industry?

KidzPoses Inc., a profit-maximizing business, is the only photography business in town that specializes in portraits of small children. James, who owns and runs KidzPoses, expects to encounter an average of eight customers per day, each with a reservation price (shown in the following table). Assume James has no fixed costs, and his cost of producing each portrait is $12. Customer                                         Reservation Price ($ per photo)        1                                                                       50        2                                                                       46        3                                                                       42        4                                                                       38        5                                                                       34        6                                                                       30        7…

1. The (inverse) demand curve for the services of Oakland Pest Control Co. (OPCC) is given by P= $1000 - 2Q, where P is in dollars, and Q is residences/month. The cost equation is given by C = 2000 + 30Q. a. Sketch and label OPCC's demand and marginal revenue curves, and determine the maximum revenue it can make. b. What are OPCC's profit-maximizing price and output levels? c. How much profit does OPCC make if it services 100 residences per month?

a) A newly established firm is planning to enter into cosmetic industry of any country with wide range of products. What entry barriers are expected to be faced by the new entrant? b) Assume you are hired as a consultant for the firm to help identify different cost and revenues which could maximize profit. Construct a small hypothetical table to draw appropriate diagram for costs (AC, MC) and revenues (AR, MR) and establish firm's profit maximizing output level.

Suppose the own price elasticity of market demand for retail gasoline is −0.6, the Rothschild index is 0.4, and a typical gasoline retailer enjoys sales of $1.5 million annually 1. What is the price elasticity of demand for a representative gasoline retailer’s product? 2. Now assume a Lerner index of 0.6, and a marginal cost of $40, What price does this firm charge its customers? 3. By what factor does this firm mark up its price over marginal cost? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.