Question 1: Score 0/1 Your response Correct response P16-37 Find Missing Data for Profit Variance Analysis (L. O.4) Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).
If this monopolistically competitive firm maximizes profit, it will 26. Suppose the minimum possible price of constructing homes is $50 per square foot. As a result of a sharp drop in the demand for home construction, the equilibrium price of home construction falls to $40 per square foot. Assuming the home construction industry is perfectly competitive and there are no specialized inputs, firms
Financial Analysis * The tax rate is approximately 30% 5.618.8=29.79% 5.418.1=29.83% 5.418=30% * Based on the industry average, a sports store of similar size should be making around $21000 or 67% more profitable than Rhodes’ store. * Assuming the lots are of the same size and bear the same tax burden, if the unused lot is sold off property taxes would be reduced by $6000 at the 2008 rate. All else being equal, this would increase net profit by 6000×0.30=$1800, for a total of $14400. Profit as a percentage of sales would increase from 2.1% to 2.4%. * Of the $18400 Rhodes made in mortgage payments last year, $8000 was interest.
Therefore, Is = 75, Ic = 25. b. If only Charity matters, then give money to Charity until MUc = 0 (unless all the money in the economy is exhausted first). So, 400-6 Ic = 0; hence, Ic = 66.67. Giving any more money to Charity causes her marginal utility to become negative, which is not optimal. Note that we don’t care if the remaining money ($33.33) is given to Simon or not.
Prove that the industry's HHI is over 1800. c. none of the statements associated with this question are correct. d. Prove that price will not increase from the resulting merger. Question 4 Complete Mark 1.00 out of 1.00 Flag question Question text Rent - seeking: Select one: a. results
(3 ( Established in 1998 and started service in 2000 ( Goal has been to establish itself as a leading low-fare, low-cost passenger airline by offering customers high-quality customer service and differentiated products. ( Focus on underserved markets. ( 108 flights in 2002 and 316 in 2005 serving 32 destinations. ( By mid 2005, fleet of 77 new Airbus A320 Aircraft ( Stock price $20 in 2002 and peaked at $26.4 in 2005. • 4.
Introduction Easy jet strategy and vocabulary Easy jet is a low cost, efficient, and flexible airline that is been driven by scale and cost advantage, high assets utilization, and efficient capital structure. ‘Sir Stelios Hahi-Loannou founded it in 1995’ (Easy jet corporate media file, p.3) and had its first flight from London Luton to Edinburgh and Glasgow. It has headquartered at London Luton airport with about ‘8446’ employee through UK and Europe. They have 3000 short-haul aircraft in operation in Europe, which were centre on ‘pan European primary airports’ that delivers friendly services, efficient and at low cost (p.6) to their customers. Easy jet is the largest air line in terms of passengers volume – ‘59 million’ (Easy Jet corporate media file, p.3) in UK and internationally across 30 countries with flight scheduled services of ‘600 routes’ as well as the fourth largest short-haul carrier in Europe with a market share of ‘8%’ (Easy jet annual report, 2012, p.12).
So, 2000 = 30000/Square root of sample size. Solving for the Square root of sample size, we get Square root of sample size = 30000/2000 = 15. Taking its square, the sample size is found as 225. Chapter 9 Exercise 1 No it is not a good defense. If you choose 40 random employees from the corporation, the standard error would equal 6/Square root of 40 = .95 days.
Increase monthly net profits goal was achieve by strategically increase the rental price in cities with high demand and growing market share. Orlando was the city with highest growing demand by volume. Demand for rental cars grew from 1.51M to 2.55M during that fiscal year. I took advantage of this high demand to gradually increase the price for rentals from $41 to $69 during weekdays and from $34 to $60 during the weekends. By the end of the fiscal year, net profits in Orlando grew from 9.2M (initial fiscal year) to 21.1M in September.
The products or services sold are exactly the same, which is known as 'homogeneous' which are all the same price. Firms earn only normal profit (the bare minimum profit necessary to keep them in business). If firms started to earn more than that the absence of barriers to entry means that other firms will enter the market and drive the price level down until there are only normal profits to be made. Even the technology used is the same throughout all the companies. www.economist.com www.oligopolywatch.com Monopoly A definition of Monopoly is 'it exists when there is only one supplier of a product or service.'