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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Environment issues affect life on this planet from the smallest parasite to the human race. We‚ as human beings‚ may not understand the severity of the possible consequences that deforestation poses. Since deforestation has had no severe effect on us yet‚ we ignore the problem; however‚ deforestation can cause a major problem for our environment. Some of the problems are carbon dioxide‚ wasting paper‚ climate change and logging. Deforestation increases the amount of carbon dioxide in the atmosphere
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BORN GLOBAL FIRMS The concept of Born Global Firms can be defined as various characteristics or various criteria since it was first introduced into business theory. It has been suggested that a Born Global Firms is a new firm which make at least one international sale to any new market within two years (Australian and New Zealand Academy of Management‚ 2009). While there is another theory stated that Born Global Firms can be considered as early adopters of internationalization. Cavusgil and Knight
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company had three major mills‚ located in some of the more remote location in the province. From A.F.P. Company’s standpoint‚ of course they do not want to expend too much money on the discharge of waste water from pulp and paper mills; furthermore‚ the firm had been facing difficult financial times due to recession‚ and this had caused substantial hardship in the three small communities where the mills were located. But‚ as in the Pulp and Paper industry has the responsibility to the new government proposals
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In order for Jane to establish her Break-even for one month‚ she needs to identify and calculate the following Firstly‚ Jane needs to gather all her products with their Cost Price (Variable Cost per item) as well as her Selling Price. By identifying each products’ selling price and cost price‚ Jane can determine the difference – The Profit. This helps establish her fixed costs in which are referred to as the direct costs of production. This ensures how many need to be made and sold to cover
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In the film‚ ‘Run Lola Run’ directed by Tom Tyker‚ various verbal and visual techniques are used to give and display to the audience several strong ideas. Verbal techniques such as music‚ and visual techniques such as snapshots‚ cinematography and others‚ emphasized and helped to display the important themes and ideas to the audience in ‘Run Lola Run’. These ideas and themes included ‘The Relentless Passage of Time’‚ and ‘The Role of Fate and Chance’. These all centre around the main character
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Outline the main causes of sensory loss There are many factors that can be attributable to causing sensory loss. Varying degrees of vision and hearing loss may occur: During pregnancy: a woman may come into contact with a virus or disease that affects the growing foetus an inherited condition or syndrome may be passed on to the child a chromosomal disorder may occur during the foetus’ early development injury affecting the foetus whilst in utero Complications at birth (multiple
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When dealing with risk management techniques many companies and organizations use these to prevent loss and increase profit. The three major risk management techniques that corporations and organizations use in order to manage risk factors are loss control‚ loss financing‚ and internal risk reduction. By using these three methods and knowing how they work a business can take to protect the company‚ the possible risks are easier to be contained and managed. Loss Control Loss Financing Loss financing
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how to repair the gap that an uncertain amount of time has created between men and women. The complication of finding ways to bridge the gap resides in the inability for majorities of each sex to see passed their biases. In the essay titled “Why Women Still Can’t Have It All‚” former director of policy planning for the U.S. State Department Anne-Marie Slaughter speaks about the difficulty of balancing home and work life from a female’s perspective. In rebuttal of a portion of the claims Slaughter
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encompasses the degree of variations in organisms and/ or species within an ecosystem. The loss of biodeversity would be the diminishing of dfferent species within that ecosystem. For example‚ a lake may be the home to many types of fish. A change in the lake’s temperature or chemistry may affect a food source for a certain type of fish. This type of fish may die out and leave the lake with one less species in it. The loss of one fish or food source may impact other populations and furthe diminish species
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