1. Do you agree with Cameron’s decision to grant McTaggart a license? Do you agree with the way Alex went about it? What other options were available to Cameron? What are the advantages and disadvantages of each? The business potential of flexible coupling was evident to Alex. The salespeople were looking for 35$-40$ million during 2004. He realized that the plant can’t hold both lines (OEM and flexible coupling). The costs of expansion were too high and required many of the company’s resources
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Price FloorsA price floor is the lowest legal price a commodity can be sold at. Price floors are used by the government to prevent prices from being too low. The most common price floor is the minimum wage--the minimum price that can be payed for labor. Price floors are also used often in agriculture to try to protect farmers. For a price floor to be effective‚ it must be set above the equilibrium price. If it’s not above equilibrium‚ then the market won’t sell below equilibrium and the price floor
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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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Nowadays‚ taking up jobs has been a common predilection of teenagers in many countries despite the fact that they are still students. Although many people condemn this tendency as it may distract the students from their main objective of learning‚ I think it is rather beneficial because doing jobs can help the students prepare for their future careers and learn to appreciate money and become more independent. Good preparation can be a key factor for one’s successful career‚ teenagers can get such
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Price Theory and Applications‚ Seventh Edition Steven E. Landsburg VP/Editorial Director: Jack W. Calhoun Editor-in-Chief: Alex von Rosenberg Senior Acquisitions Editor: Steve Scoble Developmental Editor: Joanne Vickers Ohlinger Publishing Services Marketing Manager: Brian Joyner Marketing Communications Manager: Sarah Greber Content Project Manager: Amy Hackett Manager‚ Editorial Media: John Barans Technology Project Manager: Deepak Kumar Senior Manufacturing Coordinator: Sandee Milewski Production
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working for are about to launch a new Smartphone into the UK Market. Develop a coherent marketing mix for the new Smartphone. This task provides evidence for P6 In this assignment‚ i am going to describe and explain how marketing mix is useful for the new product being bought to the market and how i will be using it. Marketing mix is commonly known as the 4ps: product‚ price‚ place and promotion. These are controllable element and its importantly used when determined and adjusted until the right
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The great debate on whether or not going to college is worth the price tag has been the focus of many academic studies these past few years. The main focus of these papers is simply‚ “is it worth it?” Both sides have their own statistics and charts but one of them has to be right‚ and that would be the anti-college side. Not going to college outweighs the benefits of going because of financial reasons‚ how it might restrain innovation‚ and if it allows students to focus on what they really want to
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Marijuana is one of the safest therapeutically active substances known. No one has ever died from an overdose‚ and it has a wide variety of therapeutic applications: Relief from nausea and increase of appetite; Reduction of eye pressure; Reduction of muscle spasms; Relief from mild to moderate chronic pain. Marijuana is frequently beneficial in the treatment of the following conditions: AIDS. Marijuana can reduce the nausea‚ vomiting‚ and loss of appetite caused by
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group of customers‚ health-aware consumers in rich countries‚ for whom the retail price is not an issue. As health benefits of quinoa are immense‚ The United Nations have ambitious plans to market it to a wider range of customers on a bet to fight world hunger. Presently‚ however‚ there are no indicators to support the idea that demand for quinoa will increase: It is little known‚ its taste bland and its retail price currently too high for it to appeal to a wider range of customers. Assuming that
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AND CONs OF INCREASING OIL PRICE 1. INTRODUCTION In this decade‚ the price of oil has been raised 3 times. The era of President SBY has the record of increasing oil price (premium). The policy was made by SBY has become pro and con between the expert of economic. Some people said that increasing the oil price is just can’t be done because it’s contra with UU‚ but government said that if we don’t raise the oil price it will absorb the APBN because the import oil price is higher and higher time
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