Answer these questions about Monopoly and monopolistic competition: 1-) You are the manager of a monopoly. A) If the marginal cost of your product is $100 and the price elasticity of demand for your product is 2, what markup of price over marginal cost do you set? B) If the price elasticity of demand is … Read more
You are a junior executive of a new cellular phone carrier called Technologies of the Future (TOF) that competes in the same market as Verizon Wireless, AT&T, and T-Mobile. You have been asked to analyze supply and demand, market equilibrium, and market shortages and surpluses to determine the optimal price for TOF to charge for … Read more
Various policies help K-12 students prepare for furthering their education after high school. Higher Education institutions also have measures in place to help potential students pursue their goals. For this week’s discussion, please respond to the following according to your focus in K-12 or Higher Education. K–12: Research your state (South Carolina) and discuss policies … Read more
You need to pick any company and analyse its strategy regarding the market structure it operates in. 1) What strategies are applied in the company? 2) Is the company driven with the Profit maximisation, Revenue maximisation, or Sales (Market Share) maximisation? 3) Is this company approach compatible with the theoretic ideas on the success in … Read more
analyse the tools of the trade policy Myanmar are applying towards the trading partners. 1) describe the measures to protect the local producers (tariffs, quotas, subsidies) – the size, the products that are covered, the time when they are (were) applied; 2) what are the reasons of applying these measures and how it benefits the … Read more
Please provide at least six (6) peer-reviewed resources in support of your arguments. What competitive advantages do you believe Starbucks seeks to establish? What are the main challenges the firm faces as it tries to maintain the advantage or advantages you identified? Please research about Starbucks Inc. and identify three or four capabilities you … Read more
Topic: “Diminishing Returns” is a concept, or more precisely, an empirical finding that shows up in a variety of places in microeconomics. We first encountered it in the module on utility, and then again in this module on production and costs. What do economists mean by “diminishing returns” to an input? What causes diminishing returns? … Read more
Is education a public good? Does education have external benefits? If so, what are some of those public benefits? In your opinion are the external benefits large or small? Why? What should government do to promote the efficient provision of products that have external benefits? If you think that government should put more resources into … Read more
please help me with these questions based on the 3 cases–Paypal, Ford, and Zoom. Please note that your answers need to be based on the case only and the time of the case. You do not need to include any new development in the industry after the case unless the question specifically requires you … Read more
The Course Data File contains the Product for this assignment. The product is Sriracha. Research the product from an economic standpoint (include supply and demand, cost). Describe what has been happening in the product market over the last year or two. Find a balance between explanations, data, and statistics provided. You must decide what information … Read more