(eompetitors use more effective chemicals that are not diluted) and untrained employees similar buxiness in the area and blame the EPA when insects are not exterminated. Decause homeowners have little knowledge about pesticides and how such services should operate, the company also happens to have more eustomers than any other. 23, Prestige Pest Control uses chemicals that have been diluted with water Prestige Pest Control is most likely using A) limit pricing B) penetration pricing C) periodic discounting D) price signaling E) target return pricing to sell its services.
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- A food manufacturer is trying to maximize profit by selling wheat-based cereal (C) and wheat bread(B) with raw wheat (W). The production functions are: Cereal: C = 30WC – 1.5WC2 Bread: B = 63WB – 2WB2 Constraint: WC + WB = 9,820 Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 9,820 units of raw wheat available. How much wheat should go to the cereal (WC)? Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.Question 4: IBM faces two types of buyers for the printers they produce. High-valuation consumers (e..g. businesses) have a higher willingness to pay for quality (here printing speed as ppm) compared to low-valuation customers (e.g. households). We have that the total valuation for the high-valuation customers is TBH(q) = 509 – 192, where q is the printing speed (ppm) and the total valuation for the low-valuation customers is TB:(q) = 509 – 2. A printer of any quality q up 1 to q = 50 costs $250 to produce, independent of the actual speed, but producing a printer faster than q = 50 is impossible.a. Suppose that IBM can perfectly discriminate between the two groups of consumers. What quality is offered to each group? What is the maximum price that IBM can charge each group for the corresponding printer? b. Suppose that IBM cannot tell the two types of customers apart and must rely on consumer self-selection. Assuming that IBM chooses to offer two products of the qualities you derived in…It costs $1 million in R&D to develop a new diabetes treatment. The marginal cost of producing and marketing a treatment, once discovered, is $10. Suppose that Pfizer currently is selling a treatment that is covered by a valid patent, which is set to expire in one year. What is the most likely outcome of a proposed law that would allow generic drug companies to enter any market 5 years before the expiration of the patent covering it? A. More diabetics would use the treatment Pfizer invented, and drug companies would invest more in R&D for future treatments B. Fewer diabetics would use the treatment Pfizer invented, and drug companies would invest more in R&D for future treatments C. More diabetics would use the treatment Pfizer invented, and drug companies would invest less in R&D for future treatments D. Fewer diabetics would use the treatment Pfizer invented, and drug companies would invest less in R&D for future treatments
- 3Commenting on the decision, Massmart CEO Mitchell Slape said: “This is an unprecedented time forSouth Africa and the. world. As we all come to terms with the impact of the Covid-19 pandemic, we mustdo everything we can to support our customers. We are grateful to our suppliers who support thisprincipled position.’C2) Company A is the only supplier of glass in Big Apple City used for tall buildings’ exteriors. Its marginal cost of production is cA=1, and it has no other production costs. The demand for such glass in Big Apple city is QD=2-P. Company B in Jersey City produces the same glass and is considering whether to expand to Big Apple city. If it enters, it needs to get a permit to allow it to be a supplier in the Big-Apple city at a cost of L=0.5, which does not vary with quantity of output, and its marginal cost of production is cB=0.5. If it expands to the Big-Apple city, companies A and B both supply to the market, and the market price P satisfies QA+QB=2-P, where QA is company A’s production level and QB is company B’s. a) If company B expands to the Big-Apple city, what is the resulting price in a Nash equilibrium? b) Company B hires a consulting company to advise whether it should expand to the Big-Apple city. If you’re running the consulting company, what is your advice? Explain…C2) Company A is the only supplier of glass in Big Apple City used for tall buildings’ exteriors. Its marginal cost of production is cA=1, and it has no other production costs. The demand for such glass in Big Apple city is QD=2-P. Company B in Jersey City produces the same glass and is considering whether to expand to Big Apple city. If it enters, it needs to get a permit to allow it to be a supplier in the Big-Apple city at a cost of L=0.5, which does not vary with quantity of output, and its marginal cost of production is cB=0.5. If it expands to the Big-Apple city, companies A and B both supply to the market, and the market price P satisfies QA+QB=2-P, where QA is company A’s production level and QB is company B’s. a) If company B expands to the Big-Apple city, what is the resulting price in a Nash equilibrium? b) Company B hires a consulting company to advise whether it should expand to the Big-Apple city. If you’re running the consulting company, what is your advice? Explain…
- 6-It is illegal and unethical to download and install a pirated copy of Microsoft Office on your own laptop. Select one : True O FalseADJ Enterprises produces hydrothermocorticoids. The table below shows the costs of producing various quantities of hydrothermocorticoids. Quantity Total Cost Average Cost 0 $0 -- 1 $10 $10.00 2 $12 $6.00 3 $15 $5.00 4 $19 $4.75 5 $24 $4.80 6 $30 $5.00 7 $45 $6.43 ADJ sells its hydrothermocorticoids for $5 each (that is the price regardless of the number of hydrothermocorticoids it sells). Use the Profit-Maximizing Rule to explain the quantity that ADJ should produce to maximize its profits. You may use a calculator. You should explain the details of any calculation you perform. You should identify, explain, and apply the concept you use to answer this question. To receive full credit, your explanation must show all steps in any calculations you perform. Your explanation must also incorporate the profit-maximizing rule – state what that rule is and explain how it applies to ADJ’s situation. Note that it is…Each time a song is played on the radio, the record company and the songwriter are paid a royalty of $0.30.Of the total, 75% goes to the company and the rest to the writer. If on a network of 50 radio stations, a certainsong is played 4 times a day during the first week and then 20 times a day for the next three weeks, how muchdoes the network owe in royalties for the four weeks? How much do the record company and the songwriterreceive each
- It costs $1 million in R&D to develop a new diabetes treatment. The marginal cost of producing and marketing a treatment, once discovered, is $10. Suppose that Pfizer currently is selling a treatment that is covered by a valid patent, which is set to expire in one year. What is the most likely outcome of a proposed law that would allow generic drug companies to enter any market 5 years before the expiration of the patent covering it? Question options: a) More diabetics would use the treatment Pfizer invented, and drug companies would invest more in R&D for future treatments b) Fewer diabetics would use the treatment Pfizer invented, and drug companies would invest more in R&D for future treatments c) More diabetics would use the treatment Pfizer invented, and drug companies would invest less in R&D for future treatments d) Fewer diabetics would use the treatment…With liability laws , a polluter will not have any compensation cost if they do not cause any damage . Select one : O a . True O b . FalseRegarding externalities, the goal of command-and-control policies is to try and prohibit a firm's behavior before it occurs. a) True b) False Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.