CHAPTER 9 OLIGOPOLY AND FIRM ARCHITECTURE 1. The demand function for a product sold by an oligopolist is given below: QD = 370 – P The firm’s marginal cost function is given below: MC = 10 + 4Q Calculate the equilibrium price and quantity. Solution: P = 370 – Q so TR = 370Q – Q2 and MR = 370 – 2Q MR = 370 – 2Q = 10 + 4Q = MC so Q = 60 and P = 310 2. The demand function for a product sold by an oligopolist is given below: QD = 135 – 0.5P The firm’s marginal cost function is given
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Tucker Inc. MEMO To: All Employees From: Communications Officer Date: April 21‚ 2015 Re: Employee Break Room Regulations The company president Mr. Tucker has asked me to email you all regarding the current state of our employee break rooms. Lately the cleaning staff and company president have been noticing the increasing disregard for the cleanliness in our break areas. There have been repeated instances of spills left on the counter‚ garbage left behind from lunch breaks‚ and food spoiling
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Memo HCS/514 University of Phoenix Facilitator: Kevin Engle August 20‚ 2012 MEMO The present memo describes the current state and design of a healthcare organization for providing strategic inputs to improve organization performance in treatment of patients and operational efficiency of medical process. St. John Hospital provides the best services applied in a healthcare organization for concerned population. St John Hospital serves the community surrounding the near-by areas
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9943018 Laurana 9853047 Cristine A Formula for Economic Calamity一帖經濟蕭條的解藥? The market crash of 2008 that plunged the world into the economic recession from which it is still reeling had many causes. One of them was mathematics. Financial investment firms had developed such complex ways of investing their clients’ money that they came to rely on arcane formulas to judge the risks they were taking on. Yet as we learned so painfully three years ago‚ those formulas‚ or models‚ are only pale reflections
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Memo To: Carolyn Smythe From: Director of Human Resources Date: April 20‚ 2011 Subject: Volunteer Program I am writing this memo in response to the email request that you sent me about adding the Center for Non-Violence to our volunteer program. I would like to start off by saying that we here at Dawson & Engels greatly appreciate your input and your interest in expanding our volunteer program to better help the community. However‚ we are not going to be able to include the program you
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to 700-word memo to the CEO of your selected organization in which you discuss your findings from your ratio calculations and your horizontal and vertical analysis. In your memo‚ address the following questions: What do the liquidity‚ profitability‚ and solvency ratios reveal about the financial position of the company? Which users may be interested in each type of ratio? What does the collected data reveal about the performance and position of the company? Format your memo consistent with
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Memo Date: 10/30/2006 To: Roger Deromedi‚ CEO Kraft Foods From: ‚ Assistant Vice President Kraft Foods RE: Kraft Foods The reason for this memo is to address the negative media attention our company has been receiving in regards to our products lacking nutrition. Health and fitness has been a growing concern in the United States. Many companies have begun to offer more nutritious and less fat filled food products. We could see a drop in sales if more consumers begin to see us as only producing
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affected by the achievement of the organization’s objectives”. The main objective for firms is profit maximization and for this reason I agree to a certain extent that large corporations abuse their power against stakeholders. Firstly‚ Customers‚ “provide the lifeblood for the firm in the form of revenue.” (Freeman 1984). Firms are reliant on customers as they indirectly fund the development and growth of firms. However‚ customers want value for money and “cheap” prices. There are many companies
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HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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PR Communication Memo COM/530 PR Communication Memo Press Release: Pride Enterprises CFO Resigns November 23‚ 2013 – Pride Enterprises‚ Inc. (Prison Rehabilitative Industries and Diversified Enterprises‚ Inc.) a company that is “nationally recognized in inmate training operating general manufacturing and services facilities throughout the state of Florida” (Pride Enterprises‚ Inc.‚ 2013). Today Pride is announcing the resignation for Bob Thompson‚ Chief Financial Officer effective immediately
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