Assignment 2 (20 points) Assignment 2: Costs and Profit Instructions Save this file in your course folder‚ and name it with Assignment‚ the section number‚ and your first initial and last name. For example‚ Jessie Robinson’s assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day‚ be sure to save your
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Assembly costs | | | b. | What is the differential cost between the two alternatives? (Negative amount should be indicated by a minus sign. Omit the "$" sign in your response.) | Total differential cost | $ | Ries Corporation has received a request for a special order of 8‚700 units of product R34 for $34.40 each. The normal selling price of this product is $36.10 each‚ but the units would need to be modified slightly for the customer. The normal unit product cost of product R34 is
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establishing a more stable sales pattern and margins‚ but this goal is not going well. Grant passed the challenge on to his functional VPs‚ but he knows he has to keep a hand in to guide the overall direction and be able to sell the chosen direction to the board of directors. All functional areas in the company will have a part to play in a change in strategy‚ so he needs to ensure all areas are involved in the decision process. Grant is not sure what that direction should be‚ or even how to define
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competitive hot tub market in Newmarket‚ Ontario. SL’s lack of marketing strategy has caused the hot tub division to decline in sales by losing potential customers to its new competitors. The average profit margin for SL’s hot tub division is 37.56%‚ with a 55.04% profit margin for Jacuzzi and a 39.30% profit margin for Pacific (Over the last 6 years from 1999-2005)(see Exhibit 6 – Jacuzzi Sales Breakdown 2004 & Exhibit 7 – Pacific Sales Breakdown 2004). SL’s weakness is its lack of marketing strategy; and
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. Building Q plants costs each firm 3.5 × Q dollars. Each plant produces one unit of SOMA. If firm 1 builds Q1 plants and firm 2 builds Q2 plants‚ the market price p for one unit of SOMA will be 9 − (Q1 + Q2). For example‚ if firm 1 builds 2 plants and firm 2 builds 4 plants‚ the market price will be 9 − (2 + 4) = 3 per unit. At this price firm 1 will make a profit of 2 × 3 − 2 × 3.5 = −1 while firm 2 will make a profit of 4×3−4×3.5 = −2. Assume‚ no firm will build more than 4 plants. Cost (Q)
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Pricing Decisions and Profit Analysis Chapter 5 6/1/12 ANSWERS TO END-OF-CHAPTER QUESTIONS 5.1 a. A hospital that is a price setter has some degree of market dominance and hence can‚ more or less‚ dictate the prices that it sets on its services. Conversely‚ if the hospital is one of a large number in its service area and is not in a position to distinguish its services from other hospitals‚ it is a price taker. This means that it will have to “take” the prices set in the marketplace without having
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demand and Long run demand‚ and c) Durable goods’ demand and Non-durable goods demand. 2 . What are the problems faced in determining the demand for a durable good? Illustrate with example of demand for households refrigerator or television set. 3 . Analyze the method by which a firm can allocate the given advertising budget between different media of advertisement. 4 . What kind of relationship would you postulate between short-run and long-run average cost curves when these
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Nichelle McClain Prof. Shaner GSW 1110 15 November 2010 Higher Percentage of Minority Inmates There are over millions of people incarcerated but African Americans and Latinos make up most of the prison population. To attempt to stop certain problems‚ the criminal justice system just put people behind bars and expects that everything will be fine‚ when in reality it isn’t because now the jails are becoming overcrowded. Dealing with the drug war‚ racial profiling‚ and people growing up in low-income
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Question 1 (5 points) 1. Which of the following may lead to vertical integration? a) Technological interdependencies b) Reduced search and bargaining cost c) The hold-up problem d) All of the above Question 2 (5 points) Effective collusion generally is more difficult when a) the number of oligopolistic firms involved decreases b) the number of oligopolistic firms involved increases c) when customer orders are small‚ frequent‚ and received on a regular basis as compared
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children are having to survive each day by being sexually assaulted and sold into sex slavery. Even though there will always be scars‚ adjusting to surroundings can help with the day to day survival. In Patricia McCormick’s book‚ Sold‚ a 13 year old girl named Lakshmi gets sold from her stepfather to a woman named Mumtaz in India. Lakshmi then has to survive the cruel things that Mumtaz makes her do to earn money back for her freedom. Sold demonstrates that adjusting to surroundings is important for survival
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