need 2 questions by today friday 11/6/09 by midnight eastern standard time ohio time. 1. Describe and estimate the price elasticity of demand for a good or service of your company, or a company of interest to you. (Not your learning team good or service though!) • Estimate the price elasticity of demand by guessing at the e ...continues
Report to mangement as to continue operation or shut down.
The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage worker per worker is $80.00, and the price firm is $25.00. The cost of other variables input is $400,000 per day. Although you don't know the firm's fixed cost, you know that it is high enough that the firm's total cost exceeds its ...continues
State clear the formula applied in order to calculate the elasticity.
Suppose the price of apples rises from $3 to $3.50 and your consumption of apples drops from 35 pounds of apples a month to 20 pounds of of apples. Calculate your price elasticity of demand of apples. what can you say about your price elasticity of demand of apples? Is it elastic, inelastic, or unitary Elastic? Be sure to show ...continues
Should I start a new business?
I am exploring the option of starting my own business. In addition to creating a business plan (which I am not quite sure how to do), I am reviewing factors and costs. What should be the 10 most important factors and costs and further, name 3 implicit and 3 explicit costs to consider. I have what I believe to be good options ...continues
The Pioneer Petroleum Corporation has a bond outstanding with an $80 annual interest payment, a market price of $900, and a maturity date in two years. Assume the par value of the bond is $1,000. Find the Approximate Yield to Maturity.
A firm has Total Costs (TC) of $10,000 over the next three months (TOTAL for the 3 months - not per month), of which $6,000 are fixed costs (TFC) for rent on its lease that cannot be broken. If it stays in business over those months, then the firm will collect only $5,000 in revenues (TR). So, considering only this information, ...continues
As vice president for Ambulatory Clinical Services for a small community hospital, you oversee various laboratory operations. To familiarize yourself with costs of operating the ECG (electrocardiography) laboratory, you do some simple breakdown of costs. Aside from equipment costs, you find that: 1. It takes about 15 minutes ...continues
Pleas help with: a, b, and c. Thank You! The general demand and supply functions for good A are estimated to be, respectively: Qd = 52.50 – 2.0P + 0.015M + 7.0PR Qs = -500.0 + 8.0P Where: Qd is quantity demanded per month, Qs is quantity supplied per month, P is price of good A,M is average househo ...continues
