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How did GE lose $507 billion (more than 85 percent) of its market valuation since its peak? What went wrong?
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- Suppose that a local electrical utility firm was split into five firms of equal size. What do you expect about electricity prices?Why wouldn’t a firm just drop any product that isn’t selling inhigh enough volume to reach its break-even point?Use the following information to answer Questions 3 thru 5. 3. Suppose the kitchen knives industry is now operating in the long-run. What is the profit-maximizing level of output for firms in the long-run? Your answer should include only numbers. Submit response PLEASE NOTE - For Questions 3 thru 5, you need the following LCTC function: LRTC = 2q° – 8q² + 75q 4. How much will each kitchen knife be sold for when the market arrives at the long-run equilibrium? Do not include the $-sign or comma (,) in your answer. Round to the nearest cent only if necessary Submit response 5. How many firms will be producing kitchen knives when the market arrives at the long-run equilibrium? A. More than 930 firms. B. Fewer than 930 firms C. Exactly 930 firms.
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- Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per year job as an accountant. If your aunt thought she could sell $510,000 worth of merchandise in a year, what is your aunt’s accounting profit?4.7 Hudson Corporation is considering three options for managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each option (in thousands of dollars) depends on demand as follows: Demand Staffing Options High Medium Low Own staff 650 650 600 Outside vendor 900 600 300 Combination 800 650 500 If the demand probabilities are 0.2, 0.5, and 0.3, and the table below shows the total cost of the different options, construct a risk profile for the optimal decision in the table. Option Total Cost Own Staff 635 Outside Vendor 570 Combination 635If your revenue during the first year of business is $48,000, and you incurred $4,000 in expenses for supplies, how much is your accounting profit? How much is your economic profit?
- Looking at the Table, Profit, Cost and Revenue Functions, Quant is the quantity of output, C(Q) is the Total Cost of production for corresponding quantities of output, R(Q) is the corresponding Total Revenue at each level of output Q, if all output is sold and PRF(Q) is the Total Profit for each corresponding output level. PRF(Q) is calculated as R(Q)-C(Q). Using this information, does the company make its highest profit where R(Q) is highest? a. No, because the highest possible revenue may be at an output level where the cost of output may exceed the revenue generated at that output level. In this problem, the highest profit is at output level 15 Ob. Yes, because there is no way that cost can exceed revenue when revenue is maximized. Cc. No, because the highest possible revenue may be at an output level where the cost of output may exceed the revenue generated at that output level. In this problem, the highest profit is at output level 10 or 12 or in between. Od. Yes, because the…Economics of customer acquisition for fedex: 140 accounts in advertising industry use 2,285 courier paks (cp) per month cp price is $12.50 and variable cost is $4.25 retention rate = 0.9, discount rate = 12% what is the maximum fedex should be willing to spend to acquire a new account in this industry? what is the maximum that fedex should spend/customer per year to increase retention to 0.95? (could you show me it worked out? Thank you!) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Phoenix Electricity is the only company providing electricity in City H. What kind of market structure should be used to analyze Phoenix Electricity’s production decision? Suppose Phoenix Electricity relies heavily on natural gas but there is a drastic increase in the price of natural gas recently. How does this affect the output and price of Phoenix Electricity? Show the results with the aid of a diagram.(For the sake of simplicity, do NOT draw the AC curve in your answers.) Will Phoenix Electricity earn a larger or a smaller amount of profit? Use words only to explain your answer.