Microeconomics

Curled Metal Inc – Engineered Product Division Overview Cumberland Metal Industries (CMI) was a company which sold metal as raw material in other products. After the company had developed the product – Slip Seal that could meet the demanding specification of the automakers, it had grown rapidly over the past decade. The sales increased from $750,000 in 1991 to over $55 million in 2007. However, the sales decreased from 61 million in 2006 to 55 million in 2007, a net decrease of 9.5%, the net

Principles Of Economics Strayer University ECON 100 March 12th 2012 Suggest how an economist would approach the problem of alcohol abuse. Provide two (2) possible solutions to this problem. Include the four (4) elements of the economic way of thinking in your analysis It is a real case of negative externalities both in consumption and production. production of alcohol causes pollution too. The two possible solutions suggested by economists are: Coase theorem-They can negotiate by

1. When the price of a product is increased 10 percent, the quantity demanded decreases 15 percent. In this range of prices, demand for this product is ( ) a. elastic. b. inelastic. c. cross-elastic. d. unitary elastic. 2. Total revenue falls as the price of a good is raised, if the demand for the good is ( ) a. elastic. b. inelastic. c. unitary elastic. d. perfectly elastic. 3. The price elasticity of demand increases with the length of the period considered simply

EGTI Task 1 Marginal Analysis In order for any business to be successful they would need to know how to make the most profit for the goods they are producing and selling. In this paper I am going to explain some of the key terms that companies need to keep in mind when operating their business. First, we will start with marginal revenue, which is defined simply as the extra revenue that is made for each additional unit of a product that is sold. This is directly related to marginal cost, which

Kenya Institute of Management Diploma Course in Management Economics Work Based Assignment Done By: Daniel Mwathe Mugo Student No: NRB-44592 Table of Contents Question 2 Market Structures 3 Monopoly 3 Equilibrium Price and Output 3 Price Discrimination 5 Advantages of Monopoly 5 Disadvantages of Monopoly 6 Monopolistic Competition 6 Characteristics of Monopolistic Competition 6 Equilibrium level 6 Oligopoly 7 Features of Oligopoly 8 Competition and Collusion 8 Duopoly:

DeVry GSCM 530 All Quizzes - Latest IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/DeVry-GSCM-530-All-Quizzes-Latest-545409504.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Question 1.1.(TCO 1) Different levels of planning in supply chain operations management include(Points : 5) general and detailed planning. strategic, tactical, and operational planning. long-term and short-term planning.

Based on my understanding, accounting profit is a measure of the profit or loss of the Company. It’s simply, total income minus total cost. I agree that accounting profit provides a good starting point to evaluate a company’s performance during a particular period. Many people tend to assume a company is doing well if it is profitable and invest in it as long as income statement shows net profit without considering other indicators such as accounting ratios and cash flows. However, I am unsure

Question 1 1) The lifetime value of a typical customer in each segment when the discount rate is 15%. * Exhibit 1 shows that the customer lifetime value for each segment with a 15% discount rate. * The lifetime value of a typical customer in the platinum( top 20%) segment is worth $3496. * The lifetime value of a typical customer in the platinum( low 80%) segment is worth $2394. * The lifetime value of a typical customer in the gold ( top 20%) segment is worth $1415.

The writer of the article, Jim Mcllroy, is a member of the political party Socialist Alliance, and has a different view on the selling of the Medibank Private that set the tone of the article. The Medibank Private will be privatised within the next financial year upon an agreement among the state treasurers and Joe Hockey, the current federal treasurer. In return the states will be given a fund consisting of 15% share of the sale to invest in new infrastructure projects. The author claims that this

Q1: explicit costs and implicit costs concepts Explicit Cost Explicit cost is defined as the direct payment which is supposed to be made to others while running business. This includes the wages, rents or materials which are due in the contract. The explicit cost is the expense done in business which can easily be identified and accounted for in the business at any stage. The explicit cost represents the out flows of cash in clear and obvious terms. When any out flow of credit occurs in a business