Supply and Demand Simulation Essay

Constructit is a company which does not presently have any employees with health insurance benefits. The company employs 1000 people and are willing to fund annual premiums as long as they can pay $4,000 per person. The employees comprise of 550 men and 450 women, ranging in ages 26 to 45. Furthermore, the workers 57% of the workers range from high activity to moderate activity while the 43% that remain are in predominantly sedentary positions. The employer must calculate what kind of risks the employee will face when considering what type of insurance to offer the employees. In this scenario, 38% of the employees are not at any major risk whatsoever.

1. A firm's current profits are $1,000,000. These profits are expected to grow indefinitely at a constant annual rate of 3.5 percent. If the firm's opportunity cost of funds is 5.5 percent, determine the value of the firm:

Sports teams are switching to a variable-pricing strategy for tickets so that they can get a higher profit on games with record attendance numbers. They feel the need to do so because the marginal costs, such as construction payment and players’ salaries, did not equal to the marginal revenue, since attendance was severely dropping. To pay for the marginal cost, the sports team needed to capitalize on things that they were sure of, like increasing attendances to games between major sporting rivals.

The Supply and Demand simulation was reviewed on the student website demonstrated the concepts of the concepts of microeconomics and macroeconomics. The principles of microeconomics and macroeconomics were explained and applied throughout the simulation demonstrate the rationale for the shifts in the supply and demand curve. Each shift is analyzed showing the effects of the equilibrium price, quantity, and decision making process for the simulated company represented. The concepts encountered in the simulation provide an opportunity to better understand how each can be applied to my current workplace. The Scenario provides an

SIMULATION DESCRIPTION: As the manager of TriState Dairies market research department, you need to determine what to do with the Dairies' surplus milk.

Seven hundred and twenty of the people of E-editors are obese, which indicates risk of hypertension, diabetes, cardiovascular diseases and high cholesterol

Recent medical advances have greatly enhanced the ability to successfully transplant organs and tissue. Forty-five years ago the first successful kidney transplant was performed in the United States, followed twenty years later by the first heart transplant. Statistics from the United Network for Organ Sharing (ONOS) indicate that in 1998 a total of 20,961 transplants were performed in the United States. Although the number of transplants has risen sharply in recent years, the demand for organs far outweighs the supply. To date, more than 65,000 people are on the national organ transplant waiting list and about 4,000 of them will die this year- about 11 every day- while waiting for a chance to extend their life through organ donation

Health care system has evolved tremendously in the last few years, with many changes with the health care laws including but not limited to Universal Health Care, many individuals have choices when it comes to their coverage. According to healthcare.gov, in January of 2015, an employer with 50 or more full time employees will have to make an Employer Shared Responsibility Payment if a full time employee gets a lower health coverage premium cost if insurance is purchase in a marketplace. However, employers are not subject to this law if the numbers of employees are lesser than 50 but are still

Castor Collins Health Plans, a regional health maintenance organization (HMO), in the state of Pantome provides HMO health insurance and health care services to enrollees through its statewide network of physicians and hospitals. E-Editors, a company with 1600 employees has asked Castor Collins to find an employee health insurance plan that accepts preexisting conditions at a maximum premium of $4,500 per person. Caster has two plans, which may fit the client’s demands. This paper converses the selection method including risk factors as compared to premiums that the company is willing to pay. In addition, the paper also considers the

The market price of a good is determined by both the supply and demand for it. In the world today supply and demand is perhaps one of the most fundamental principles that exists for economics and the backbone of a market economy. Supply is represented by how much the market can offer. The quantity supplied refers to the amount of a certain good that producers are willing to supply for a certain demand price. What determines this interconnection is how much of a good or service is supplied to the market or otherwise known as the supply relationship or supply schedule which is graphically represented by the supply curve. In demand the schedule is depicted graphically as the demand curve which represents the

When dealing with several segments, a product can target one segment to specifically to exactly what

A movement are refer to a changed below to the curve. A shift will be created on the demand and supply curve when the good’s quantity is changing even through the price is same. But some time, when the quantity changing, the price also will be changing to increasing or decreasing.

The supply and demand market is a way for companies to control cost and work with their suppliers to create a supply line that provides the materials for their products; to produce their products at a cost that will allow them to price and sell it to consumers and make a profit. In the supply and demand market Honda started out using the fixed factory model that has allowed Honda to go from importing motorbikes to the United States to making automobiles in the United States as well as some of their other products. Hondas supply line started in Japan and has expanded all over the world in almost every country in the world by making the products they sell in their different factories. “Honda motor company operates 31 different facilities in the United States alone to manufacture their products using domestic and globally sourced parts.” (world.honda.com/news/2015) With Honda expanding their supply chain in different countries they have been able to cut down on the importing and exporting of their products made by the Honda Motor Company. With Honda being started in 1964 they have transitioned from not only making motorbikes to making automobiles, all-terrain vehicles, jets, lawn equipment, motor sports, and power equipment and with the increase of products their supply chain has changed. Honda started out in Japan with one factory making motorbikes then it progressed into a company that made automobiles in the same factory in the supply and demand market Honda has gone from

Supply and demand is an economic concept or principle that is paramount to illustrating the very close relationship existent between sellers, products, prices, and consumers. As explained by Mankiw, “supply and demand are the forces that make market economies work” (Mankiw, 2014, p. 65). This theory describes the unique way in which consumers and sellers interact. This theory incorporates important ideas such as; quantity demanded and supplied, the laws of demand and supply, demand curves, elasticity, equilibrium, and equilibrium price.

During the business simulation course, we organised a team to become an automotive start-up company and introduced four new products, vehicle models, to satisfy the investors who invested us £500M. Each 4 rounds, we had entered board room to report our initial result and upcoming plans.