econ6022 homework1 sol Essay

You discover that a product sale was made and recorded in December for $128,600; the product had not yet been shipped. The cost

In addition, Sony operates in the one business sector which is the computer entertainment industry. Sony distributes and market PlayStation products including PS4, PS3, PS2, PSP and others accessories and gaming equipment (IBISWorld, 2013). Thus, I believe there is a high power of suppliers on the subject of hardware and accessories. We need to estimate the prices of the cost of hardware units that we need to use. Since the productivity of IBMs Cell

THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF ECONOMICS ECON1202/2291 QUANTITATIVE MEHODS A FINAL EXAMINATION SESSION 2 2008

Intel began supplying microprocessor to IBM. To meet the demand, Intel licensed to as many as 12 other companies to produce 8086 chips, which left Intel with just 30% of the total revenues and profits for that product. Gradually, they reduced the number of licensee to only IBM. Thus they retained the “profits pool” within their value chain.

Which of the following is not a requirement to become registered in PEO (Professional Engineers of Ontario)

4. In an open economy, trade is allowed between countries. Assume a consumer purchases $1,000 worth of furniture manufactured in China. Answer the following:

1. If an economy produces final output worth $5 trillion, then the amount of gross

In business there are certain factors that have to be evaluated before a company can see if a profit has been made. To even get to the point where a profit will be made there has to be a product that is sold whether it is a tangible or an intangible product. There has to be something that the business is selling in order to make that profit. The amount of profit that is attained is the outcome of the total revenue minus the total cost. This will then show the business what the remaining profit is. Business is like a puzzle, all the pieces have to fit and work together to have the puzzle complete. In business things have to work together or it won’t work and all the hard work that was put in to making

When Seymour and White visited the Consumer Electronics Show (CES) to talk with potential customers, they pointedly passed on an opportunity to provide value to an established market. Nintendo representatives at CES stated that a small, cheap hard drive costing $50 would have a potential market in the millions. After additional deliberation, the Kittyhawk team decided to pass on this opportunity in search of more lucrative markets. This mistake is somewhat understandable, because the $50 target cost was deemed too high of a technological challenge.

In addition to your company’s exterior success in developing cutting edge technology in biochemical engineering, and in materials engineering; Your company has developed an inexpensive and efficient way to create high quality computers, with low costs.

Your paper should be between 1750 and 2500 words, in APA format and structured as follows:

c. Suppose the price is currently $2. Will this price result in a shortage or a surplus? How much is the shortage or

This new computer’s production was scheduled to begin in 10 days. Initial production for new model was to be at 150 units/day, increasing to 250 units/ day the following week. Eventually production should reach 300 units/ day.

Quasar can also control the quantity supplied and its price due to absence of competitors and substitutes. In order to increase the awareness about the product among large corporations, $600 million was spent on advertising with appropriate pricing policy. It optimized profit for Quasar by increasing demand and sales of the products. A price of $2,450 set for the computers produced total profit of $2.74 billion in the year 2004. The quantity demanded increased to 7.7 million from 5.3 million. In the following year 2005, in order to maximize the profit, the decision to upgrade the production process was taken. This increased the sales revenue and reduced the total cost for the business (Tata Interactive Systems, n.d.). The price was also decreased to $2,200 from $2,450 per unit, yielding a profit of $2.21 billion due to optimization of production processes. All these decisions taken in three years, when the company enjoyed a monopolistic situation due its patent rights, maximized the bottom line.

George Lassiter makes t-shirts for special events such as concerts. The upcoming concert presents another opportunity for George to make and sell t-shirts; however the question is how many t-shirts to produce. There are two fundamental case questions that must be answered: