Our Services

Get 15% Discount on your First Order

[rank_math_breadcrumb]

Complete the list bellow

1. The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $21,000), and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $8,000).

Note: Assume Q𝑄 denotes the quantity produced of a particular design.

Which of the following best represents the average cost function for producing any single design?

AC=$21,000Q+$8AC=$21,000𝑄+$8

AC=$21,000+$8AC=$21,000+$8

AC=$21,000+$8QAC=$21,000+$8𝑄

AC=$21,000+$8,000AC=$21,000+$8,000

Based on this information, production in any one single design
(Does not exibit/exibit)    economies of scale.

2. Under decreasing returns to scale, average cost
(falls/rises/remains constant)    as the quantity produced increases. Over this range of output, the marginal cost curve is equalivent to/higher than/lower than
    the average cost curve.

3. Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by one unit, your marginal cost decreases by $4. There are no fixed costs, and the first unit costs you $76 to produce.

Use the given information to fill in the marginal cost of each unit, as well as the total cost and average cost of each level of output.

Quantity

Marginal Cost

Total Cost

Average Cost


(Units)


($)


($)


($/unit)

1

$76

$76

$76

2

3

4

5

6

Suppose you receive a request for proposal (RFP) on a project for three units.

Your break-even price for three units is

.

Suppose that if you get the contract, you estimate that you can win another project for two more units.

The break-even price for those next two units alone is

.

4. The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $30, $20, $10, $5, and $3 (one seller at each price). Five buyers are willing to buy one widget at the following prices: $10, $20, $30, $38, and $44 (one buyer at each price).

For each price shown in the following table, use the given information to enter the quantity demanded and quantity supplied.

Price

Quantity Demanded

Quantity Supplied


($ per widget)


(widgets)


(widgets)

$3

$5

$10

$20

$30

$38

$44

In this market, the equilibrium price will be________.

per widget, and the equilibrium quantity will be
(0,1,2,3,4,5)    widgets.

5. Suppose that due to the outbreak of a new flu, known as H14N9, the demand for hand sanitizer has tripled.

Smith & Smith, a company that produces and sells hand sanitizer, should
(decrease/increase)    production of its hand sanitizer.

Suppose there is no vaccine for H14N9, and that a vaccine will not be developed for several decades.

True or False: Smith & Smith should increase its productive capacity by leasing new plant and equipment.

A. True

B . False

6.
Indicate whether the following change would cause a shift in the demand curve for product A and, if so, the direction of the shift.

Change

Demand Curve Shift?

Direction of Shift

The launch of an effective advertising campaign for product A Demand curve shift?
(NO/YES) Direction of the shift Direction of shift
(Increase/decrease/NA)

7. Suppose that on Christmas, the demand for both Christmas trees and Christmas cards increases by the same percentage amount. However, the price of Christmas trees increases by more than the price of Christmas cards.

Based on this information, you can conclude that the supply of trees is
(Less/More)    sensitive to price than the supply of Christmas cards.

   

    

o

8.Distributors of pipes earn some monopoly profits in their local markets but see them slowly erode as substitutes enter the market. Suppose Nebraska has scheduled a vote on the legalization of marijuana. Additionally, suppose that marijuana and pipes are complements and that the legalization of marijuana would lead to a decrease in the price of marijuana.

Given the relationship between marijuana and pipes, the legalization of marijuana would lead to
(an
increase/decrease)    in demand for pipes. Thus, distributors of pipes would likely
( support/oppose)    the legalization of marijuana.

9.Relative to managers in more
( competitive/monopolistic)    industries, managers in more (
(
competitive/monopolistic )   industries are more likely to spend their time on pricing strategies rather than on reducing costs.

10. Describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. Which should take longer to reach the long-run equilibrium?

In the short run, both monopolists and competitive firms
(can/cannot)    earn positive economic profits. In the long run, neither monopolistic nor
compititivefirms/monopolistics,
but not competitive firms/both monopolistic and competitive firms/ competitive, but not monopolistic    can earn a positive economic profit.

True or False: The adjustment to long-run equilibrium occurs more quickly for competitive industries than for monopolists.

a.True

b.False

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Business Finance – Management MBA 511 Week One Assignment. Powerpoint Presentation 7-8 slides

Week One Assignment Instructions Assignment 1: Assess Emotional Intelligence Top of Form Bottom of Form Instructions Competent leadership drives organizational success. Research shows that self-awareness, a central aspect of Emotional Intelligence, is more crucial for effective leadership than IQ or technical skills (Showry & Manasa, 2014). Self-awareness underpins managerial capability

sdddjsjs

Personal Reaction Paper Instructions: The purpose of the assignment is to reflect on the concepts gleaned from reading chapters 1 – 3 of the required textbook ( Human Resource Management). The objective of the paper is to analyze how human resource concepts apply to employees and the organizations they are

7-1 Discussion: What Would You Do Differently?

 For this discussion, describe a persuasive message that your workplace leader sent to an audience who resisted the idea, product, or service. Imagine yourself as a member of the audience. What would you recommend to the leader to better construct the message to get the intended results? Identify at least

Week 7 Discussion- Delivery of Healthcare

Continuum of Care Scenario: Team B Discussion 1 In this Discussion, you will continue to analyze your continuum of care scenario using the value-based care model, the IOM Aims, and a country comparison. You will be placed into a team and share your suggestions for improvements. Then, you will provide

Week 7 Discussion- Managerial Finance

Using Financial Forecast  Financial forecasts are crucial for businesses to make informed decisions, allocate resources effectively, and measure performance. They are typically based on historical data, which can make it challenging to predict sudden changes in market conditions or business operations. To mitigate financial risk, managers can employ strategies such

week 5

 overall business strategy your canvas depicts.  Assignment Directions: GOAL: Build on your work with your business model canvas by discussing the patterns, the design, and the overall business strategy it illustrates.  Introduction: Using the week 5 Learning Material in the Content area (coupled with the other course resources), examine and discuss

BUSN100

See attached. Instructions For this assignment just type the transcript Assignment Instruction: You are the public information officer (PIO) for a small company, responsible for communicating and distributing information for your organization. Prompt In this scenario, an unexpected incident has occurred within your local community, impacting the safety of employees

MKTG201

see attached Instructions: EOS Brand Assignment Directions: Objective:  For this assignment, you will explore how brands implement Integrated Marketing Communications (IMC) by evaluating their ability to deliver a consistent message across various marketing channels. Start by selecting a brand that interests you; this can be a well-known company or a

Unit V

see attached Post 1: Initial post addressing the discussion board topic • Your initial post should be at least 300 words in length. • Your initial post should include at least one APA-formatted scholarly, professional, or textbook reference with accompanying in-text citation to support any paraphrased, summarized, or quoted material.

Is Royal Ludo a good first online game?

  Royal Ludo stands out as a welcoming entry point into online real-money gaming, especially for those wary of overly complex platforms. It emphasizes simplicity, familiarity, and low-risk learning. With easy   <a href=” Ludo download</a> options and cross-device compatibility, it’s accessible to everyone.  

How Do Pattern Recognition and Timing Affect Success in Stock Trading

 How does understanding market behavior in sideways trends (like TTQA shifts in sentiment and large vs. small fund activity) compare to recognizing patterns and timing in a game like [url= surfers[/url]  , where success depends on reading the level and reacting at the right moment? 

Create a Shipping list for the items bellow. It needs to be editable

   six-bedroom household shipment.  List of items in shipping Container: * Two (2) dining table sets * Three (3) living room couch sets * Washer and dryer * Two (2) master bedroom furniture sets * Four (4) regular bedroom furniture sets , (2) Kids’ basketball court  10 Children’s toys and

Week 6 Discussion- Delivery of Healthcare

Continuum of Care Scenario: Team A Discussion 3 For this team Discussion, you will have the opportunity to review the work of others and provide them with peer-reviewed feedback, as well as consider how their continuum of care might be improved. Further, you will be able to compare and contrast

Business Finance – Management Week 5 Assignment- Managerial Finance

Module 2 Assignment: Financial Health Assessment: Barry Computer Company Report prepared by: Replace this text with your name. Date: Replace this text with the submission date. Walden University MBAX 6070: Managerial Finance 1 Part 1: Financial Information Replace this text with introductory information. Add or remove headings as necessary. [Heading]

Week 8 MGMT601

 align and discuss the implications for organizational commitment   Assignment Directions:  You will conduct an interview with a colleague or contact currently employed, focusing on their perceptions of the psychological contract with their employer. You will then write a 3–5-page report outlining the unwritten expectations from both the employee and

Week 8

 a major impact on the organization’s ability to operate globally.   Assignment Directions This assignment assesses CO-1, CO-2, CO-3, CO-4, CO-5.  [content page] You will conduct an organizational global readiness for your organization or one you are interested in working for. You will include and/or assess the following: 1. Organizational

Week 5 Discussion- Delivery of Healthcare

Continuum of Care Scenario: Team A Discussion 2  For this team Discussion, you will have the opportunity to review the work of others and provide them with peer-reviewed feedback, as well as consider how their continuum of care might be improved. Further, you will be able to compare and contrast

Financial Forecasting

Financial Forecasting project, Complete the Income Statement and Balance Sheet on the appropriate tabs in the Financial Forecasting Template, using the downloaded data. Calculate the expenses to determine what will change and what will remain the same. Summarize your rationale, within each line item expense.