(Table: Demand Schedule for Whatchamacallits) Use Table: Demand Schedule of Whatchamacallits. The market for whatchamacallits consists of two producers, Emma and Joshua. Each firm can produce whatchamacallits with no marginal cost or fixed cost. If industry output is 700, each firm's profits will be than they would be at the output of 500, which maximizes industry profit. Table: Demand Schedule for Whatchamacallits Quantity of Whatchamacallits Price of a Whatchamacallit $10 9 8 7 6 5 4 3 2 1 0 O a. $150 less O b. $150 more O c. $200 more O d. $200 less Demanded 0 100 200 300 400 500 600 700 800 900 1,000
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- QUESTIONS are based on Carl's Jr case study article 1. Discuss what are potential sources of competitive advantage for a company? Give examples 2. Argue is a competitive advantage sustainable? Give examples 3. Conduct an analysis of the strengths, weaknesses, opportunities, and threats (a SWOT analysis) of Carl’s Jr. 4. What changes should Carl’s Jr. make in order to develop a sustainable competitive advantage? (Hint: to help answer this question, think of how you might further segment the YHG group that Carl’s Jr. is trying to sell to, and develop a strategy around these subgroups.)1. The Coca-Cola Company markets the Coke brand and manufactures concentrate for sale to regional bottlers. Coke bottlers mix concentrate with sweetener and water to produce the soft drink for supermarkets, restaurants, and other retail outlets. Possible sweeteners include corn syrup and sugar. Owing to federal restrictions against imports, sugar is relatively more expensive in the United States than the rest of the world. (a) Why do U.S. soft drink bottlers use relatively more corn syrup than bottlers elsewhere in the world? (b) Draw a US Coke bottler’s demand for corn syrup. (Hint: You are free to assume any data necessary to draw the demand.) (c) Use your figure to explain how the following changes would affect a Coke bottler's demand for corn syrup: (i) removal of the federal restrictions against sugar imports; (ii) fall in the price of corn syrup; and (iii) increase in the sales of Pepsi. (d) Who benefits and who loses from the federal restrictions against sugar imports? Note:-…urgent Question 3.Assume that a Swiss drug company holds the patent on a malaria medicine that has no closesubstitutes. If it charges the same price in every country where it sells this medicine, a price thatwill maximize its profits, that price will exceed what the vast majority of consumers in twentylower-income countries can afford to pay.a) Illustrate this situation using supply and demand curves.b) Use supply and demand curves to show how the Swiss company can sell at different prices ineach country and make a profit in each. Identify on the curves the profit the Swiss companymakes in a typical poorer country, and the profit it makes in a wealthier country.c) What condition is necessary for the Swiss company to be able to follow this strategy?
- 1. If firm 1 chooses to sell for $2 and firm 2 chooses to sell for $2.50 A. How many goods can firm 1 sell B. What are firm 1 today revenue C. What are firm 1 total cost D. What are firm 1 profits E. How many goods can firm 2 sell F. What is firm 2 total revenue G what are firm 2 total cost H . What are firm 2 profitOnly typed answer Kara and Kyle are competing sockeye salmon fishers. Both have been allocated ITQs that limit their catch to 2,000 tons of sockeye salmon each. Kara's cost per ton is $6; Kyle's cost per ton is $10. Assume that the market price of sockeye salmon is $14 per ton. If Kara pays Kyle $5 per ton for his ITQs, and if she then catches her new limit of 4,000 tons, her profit would be?15. Please select all that are true regarding variable costs (VC): Variable costs must be more than revenue for profitability Variable costs per unit are assumed to be constant in the relevant range of output Total variable costs are from all Q produced Variable costs are the total cost of producing a good or service Variable costs change over time Variable costs are assumed to be proportionate to Quantity Variable costs are the marginal profit per unit Variable costs are less of a risk than fixed costs since FC remain even at zero Q
- 26.A firm operates in a perfectly competitive market and is producing at the profit-maximizing output. It is incurring economic losses. Based on this information, which of the following is true? A-Average total cost = price; marginal cost > marginal revenue. B-Average total cost = price; marginal cost = marginal revenue C-Average total cost > price; marginal cost = marginal revenue D-Average total cost > price; marginal cost > marginal revenue E-Average total cost < price; marginal cost > marginal revenue 27.In the short run, a price-taking firm decides to produce zero units of output. Which of the following must have been the case? A-The market price was less than the firm's average variable cost. B-The firm was earning normal profits in the short run but projected economic losses in the long run. C-The firm's average total cost was higher than its average revenue. D-The market price was between the firm's average variable cost and average total cost. E-The…Pic 1 : You live in a town with 300 adults and 200 children, and you are thinking about putting on a play to entertain your neighbors and make some money. A play has a fixed cost of $2,000, but selling an extra ticket has zero marginal cost. Here are the demand schedules for your two types of customers: Price Adults Children (Dollars) (Tickets) (Tickets) 10 0 0 9 100 0 8 200 0 7 300 0 6 300 0 5 300 100 4 300 200 3 300 200 2 300 200 1 300 200 0 300 200 To maximize profit, you would charge $ ? for an adult's ticket and $ ? for a child's ticket. Total profit in this case would be $ ? The city council passes a law prohibiting you from charging different prices to different customers. Now you set a price of $ ? for all tickets, resulting in $ ? in profit. Pic 2 : Indicate whether each of the following groups of people is better off, worse off, or the same because of the law prohibiting price discrimination.…48. Whenever there is an improvement in the technology, the supply of the products using that technology will__________. a. Decrease b. None of these. c. Remain the same d. Increase
- 13- Which one of these will continuously increase as more products are produced? a. Average fixed cost b. Fixed cost c. Variable cost d. None of the choices1 suppose pepsi cola, which includes mt. dew and several other sodas, purchased coca cola and cokes family of sodas to form one large mega company. what do you believe would happen to the price of sodas in the united states?13. How can you calculate Total Revenue? What is the formula?