SIMULATION Supply and Demand Simulation Name University Supply and Demand Simulation Supply and demand is crucial concept in both macroeconomic and microeconomic settings. The week two simulation showed how a fictional apartment management company in the city of Atlantis is impacted by various economic factors. The microeconomic concepts can be categorized as changes in supply and demand and equilibrium, because these topics only affected the small apartment market in which the company
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b L,FRE Is diversification from small tractors to big tractors a good idea for Deere's stockholders? Deere's stockholders can diversiS, more cheaply themselves now. For example, they can buy CAT shares. The two markets (small and big tractors) are cyclical. However, the big tractor market is more cyclical. Hence Deere should not use its current cost of capital for making decisions. This is important since, if alarge tractor is sold for S100, an additional revenue of $65 is generated in the
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Financial objectives are the specific, focused targets of the finance department/function within an organisation. Mulcahy’s financial objectives are to cut costs by 5% per annum for the next 3 years and to increase sales revenue by 20% per annum for the next 3 years. There is some tension between these two financial objectives because it is hard to increase sales revenue whilst reducing costs. One internal factor that may have influenced the achievement of both of their financial objectives is
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ACCT 344 WEEK 5 HOMEWORK A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=week-5-homework Visit Our website: http://hwsoloutions.com/ Product Description PRODUCT DESCRIPTION ACCT 344 Week 5 Homework, Part A: Part A: Product I = 100 ÷ (100 + 400) * $4,000 = $800 Product II = 400 ÷ (500) * $4,000 = $3,200 Product I ($800) + Product II ($3,200) = $4,000 Part B: Income Statement: Product I Product II Total Sales $2,000 $6,000 $8,000 Cost of Goods Sold $800 $3,200 $4,000
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ECO/HC 561 COMPLETE CLASS To purchase this visit here: http://www.activitymode.com/product/ecohc-561-complete-class/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECO/HC 561 COMPLETE CLASS ECO/HC 561 Economics in Health Care Business Proposal Project Paper ECO/HC 561 Economics in Health Care Macroeconomic Policy & its Implications to Healthcare Providers ECO/HC 561 Economics in Health Care International Paper ECO/HC 561 Economics in Health Care Cost & Consumerism ECO/HC 561 Economics in Health
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Please complete the following two applied problems: Problem 1: William’s Pizza Show all of your calculations and processes. Describe your answer for each question in complete sentences, whenever it is necessary. Which inputs are fixed and which are variable in the production function of William’s pizza shop? Over what ranges do there appear to be increasing, constant, and/or diminishing returns to the number of workers employed? Ans.Cost of Ovens and the cost of workers is also fixed
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1. Question 1 The short run is when at least one factor of production is in fixed supply. The law of diminishing marginal returns is a law, which state that if one factor of production is increase while other factors are in a fixed number like capital, change in total output will first rise and then fall. This law can impact the marginal cost, which is the change in total costs from increasing output by one extra unit. The formula for MC is 'change in total cost divided by change in quantity’
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Homework Module Three: Pricing 1a. Given an anticipated 10% price increase and E= .3, being less than 1, it is inelastic. This means that customers are not sensitive to price change. Since E is inelastic price and quantity move in the same direction. 1b. TR= 50*10,000 = 500,000 TC= 15*10,000 = 150,000 1c.TR= 55 x 10300= 566500 CM= 55-35= 20 TC= 20 x 10300= 206,000 Yes we would recommend the increase in price because contribution margin increased by $56,000
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Suggest how an economist would approach the problem of alcohol abuse. Provide two (2) possible solutions to this problem. Include the four (4) elements of the economic way of thinking in your analysis. The economist would approach the problem of alcohol abuse as cost, and how they could put it in real numbers. When measuring the cost of alcohol abuse in any city in the U.S. we must understand what make the assumptions of alcohol abuse comprehensible and to focus on the relevant alcohol abuse. We
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Basic Monopoly, First & Second Degree Price Discrimination Suppose you know the following about an industry that is a monopoly. Market Demand: P = 200 - .5Q Marginal Cost = 40 There are no fixed costs a) What is the marginal revenue curve for this monopoly? b) Find the profit maximizing quantity for this monopolist if it charges a single price for the good. c) Find the profit maximizing price for this monopolist if it charges a single price for the good. d) What do profits equal for this
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