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Using the midpoint method, calculate the price elasticity of demand for winter wheat.
Using the production possibilities frontier and/or pareto optimality, evaluate how trade benefits the Tallahassee regional economy.
Imagine monopolizing a service or product of your choice. Discuss how you would go about setting prices for your product or service.
From the scenario for Katrina's Candies, determine the relevant costs for the expansion decision
Graphically demonstrate the pre-trade and post-trade equilibrium between these two countries (production and consumption points).
Why is the capitalization rate important in the housing market? How would lower expected rents in the housing market influence
Determine what managers can do to prepare for the possible change in short-run production.
Distinguish between the short-run and the long-run production and cost function for that good or service.
Describe an oligopoly company and explain what makes it so.Assume that a very competitive start-up enters the market in direct competition
Discuss a scenario where price fixing is beneficial to all parties involved - including consumers. Provide specific examples to support your response.
Recommend two kinds of pricing and output strategies that Katrina's Candies should use to reach the goal of profit maximization.
Determine the conditions that may exist for a manager of this good or service may decide to move forward with operations
versus hiding your culpability now and possibly paying more in the future. Predict the impact on profitability in both situations. Justify your response
From the first e-Activity, assess the factors involved in conducting a break-even analysis.
How management would implement the recommendations. Provide specific examples to support your response.
From the scenario for Katrina's Candies, determine the appropriate type of market structure for the situation in question.
Compare the primary costs involved in cleaning up the water immediately (and thus confessing) versus hiding your culpability
From the e-Activity, explicate the five competitive forces that shape strategy.
With the same small business from the first discussion in mind, describe the best possible merger or agreement to grow your company and maximize profits.
Algebraically, determine what price Katrina's Candies should charge if the company wants to maximize revenue in the short run.
What are the factors that impact the demand for iPads? How would you characterize the price elasticity of demand for iPads?
Speculate how the monopolist could be more efficient in the long-run considering new competition has entered the marketplace
Assess the marketing and pricing strategies, for example rebates, to determine the goal(s) of the marketing and pricing strategies
discuss ways that one party or the other could leverage a specific "opportunism." Provide specific examples to support your response.
Analyze the various ways in which property rights encourage economic development and make at least one recommendation for improving current laws.