Government legislation B. The product market c. The labor market d. Labor market competitors 6. (p. 195) Which of the following factors do not affect an employer's ability to pay high wages? a. product demand b. degree of competition c. productivity of labor D. All of these affect ability to pay 7. (p. 199) All of the following except ___________ is an important factor in defining a market for compensation purposes.
Monopoly output: MR=400-4q MC=40 MR=MC 400 – 4q = 40 then q=90 unit The reason that producing on half the monopoly output (90*1.5 = 135) a Nash equilibrium outcome is that it will exceed the market demand of Nash equilibrium ($160). 4. Problem #8, p. 221-222 in text. (HINT: First calculate the profits of a market with two firms, and then continue this process for 3, 4, and 5 firms.) a.
ACCT 434 Week 5 Pricing Decisions Management Control Systems Purchase here http://chosecourses.com/ACCT%20434/acct-434-week-5-pricing-decisions-management-control-systems Product Description 1. Question : (TCO 7) Major influences of competitors, costs, and customers on pricing decisions are factors of 2. Question : (TCO 7) The first step in implementing target pricing and target costing is 3. Question : (TCO 7) The markup percentage is usually higher if the cost base used is 4. Question : (TCO 7) An understanding of life-cycle costs can lead to 5.
Debt to assets ratio $1,202,134 (total debt) / $1,404,726 (total assets) = 87.4% B.) ROA is a measure of profitability or effectiveness of resource usage calculated by expressing a company’s net income as a percentage of total assets. As for Sepracor, its ROA is 4.5%. This means that Sepracor created 4.5 cents of earnings from each dollar of assets. The ROE for Sepracor is 33.07%, which means that 33.07 cents of assets are created for each dollar that was originally invested.
Profit Maximization is the process that a firm uses to establish where the best output and price levels are, in order to maximize its return. There are two primary methods that can be used to establish profit maximization. One method is the Marginal Revenue minus the Marginal Cost (MR-MC) method. When utilizing this method economists assume that profit would be at its highest when MR and MC are equal, which denotes that for every item made MP=MR-MC. When / if MR is higher than MC then MP would result in a profit for Company A.
Define the price elasticity of demand and show how it is calculated. Answer: The units-free measure of the responsiveness of the quantity demanded of a good to a change in it s price when all other influences on buying plans remain the same. 3. What is the total revenue test? Explain how it works.
Furthermore, we can state as the Credit Balance (X) increases that there is an increase in the Income level (Y), as the slope of the graph also indicates. 2) From the above scatter plot, we can see that there is a positive relationship between the two variables of Income (Y), which is also the dependent variable, and the Credit Balance (X), which is the independent
Discuss surplus-enhancing transactions in markets 6. Explain how elasticity affects the way in which the burden of a per-unit tax is shared between buyers and sellers 7. Explain how elasticity affects the size of the deadweight loss created by a per-unit tax **NOTE: All of chapter 5 of Hubbard, Garnett, Lewis and O’Brien (2011) Microeconomics, 2nd edition, Pearson is required reading. 1. Consumer surplus The difference between the highest price a consumer is willing to pay for a good or service, and the price they actually pay.
(John A. Lawrence and Jr. Barry A. Pasternack, 2002) 3. The company can not stop producing Super according to the market demand as it might be available to everybody. Also it wants to use the 8-hour shift per day while the spreadsheet indicates that there will be about 5 hours and a half of unused time because linear programming does not take into consideration the time. (John A. Lawrence and Jr. Barry A. Pasternack, 2002) Question 3 Let X1 = Number of SUPER model produced during 8 hour shift. X2 = Number of EXCELLENT model produced during 8 hour shift.
D. use of policy to refute facts and hypotheses. 2. In economics, the pleasure, happiness, or satisfaction received from a product is called: A. marginal cost. B. rational outcome. C. status fulfillment.