Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Microeconomics Expert

1. Assume you own a home remodeling company. You are presently earning short-run profits. The home remodeling industry is a raising-cost industry. In the long run, what do you anticipate will occur to?

a. Your firm’s costs of production?  Elucidate.
b. The price you can charge for your remodeling services.  Why?
c. Profits in home remodeling? Why?

2. Antitrust authorities at the Federal Trade Commission are reviewing your company’s recent merger with a rival firm. The FTC is concerned which the merger of two rival firms in the same market will enlarge market power. A hearing is scheduled for your company to present arguments which your firm has not raised its market power through this merger.
Can you do this?  How?
What evidence may you bring to hearing?
 
3. Illustrate and answer in economic terms a managerial decision you have knowledge regarding (for instance one that has to be made at your place of employment). Some exs of decisions are:

• Should a company appoint temporary workers or appoint new workers to handle increase demand for the company's product?
• Should a factory purchase a new machine or improve the old one?
• What is the optimal level of parts one must order and keep on shelf?
• Should one lease or purchase a car?
• Should one rent or purchase a house?
• What must one consider when starting a new business?

Note that each of the problems above can be answered in a single sentence. The answer has implications which must affect future actions. In other words, the answer is significant and useful. In your answer, use economic language in a way which shows your understanding of the concepts of this course. This means employ economic language correctly, however also briefly elucidate the economic terms and concepts (Do not prepare for experts in business and economics).

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91076

Have any Question? 


Related Questions in Microeconomics

Answer all of the following questions in microsoft word

Answer all of the following questions in Microsoft Word file with complete questions and answers and attach it. 1. Do the richest people in world face scarcity of any kind of resource(s)? If they do, explain why? 2. Give ...

Assignmentplease answer all questions completely using your

Assignment Please answer all questions completely using your own words 1. Describe the essential difference between an industry analysis and a market analysis. In what section of an ad plan are they typically included? W ...

Assignment submit research paper draftthe research paper on

Assignment: Submit Research Paper Draft The research paper on the toll that alternative forms of tobacco have on the supply and demand of the tobacco industry. This would include e-vapors and e-cigs. Finding out if these ...

Assignment lasa the costs of productionjoseph farms inc is

Assignment: LASA: The Costs of Production Joseph Farms, Inc. is a small firm in the agricultural industry. They have asked you to help them complete the limited data they have gathered in an effort to enable effective de ...

Assignmentcreate a powerpoint presentation of no more than

Assignment Create a PowerPoint presentation of no more than nine slides (excluding title and reference slides) that provides synthesis of specific elements using the research article provided in this unit's Studies, "The ...

Q1 the demand and supply curves for beer aredemand qd 50 -

Q1. The demand and supply curves for beer are Demand: Q d = 50 - 2P d Supply: Q s   = 2P s where Q D is the quantity of beer demanded per year (in millions of cases), Q S is the quantity of beer supplied (in millions of ...

Discussion forumtopicsanother reason to hate the yankeesand

DISCUSSION FORUM Topics: Another reason to hate the Yankees...and the Red Sox, the Dodgers, the Cardinals, even the Pirates Yankee Stadium and the Power of Sports Monopolies http://www.realclearmarkets.com/articles/2009/ ...

Finding the equilibrium pointat the beginning of 2005

FINDING THE EQUILIBRIUM POINT At the beginning of 2005, Toyota sold 175,000 vehicles. Based on the company's analysis of the small car market, the company believed that $16,000 was the equilibrium price based on the foll ...

Balance of payments and foreign exchange rates

Balance of Payments and Foreign Exchange Rates Assignment This assignment examines the balance of payments and foreign exchange rates. We will define and be able to identify the balance of payments, a closed economy, an ...

Advocating for data driven programthis discussion meets

Advocating for Data Driven Program This discussion meets CACREP standards: I2, I4, and J1. Scenario: You are a new school counselor in a school that has not been using data to drive the school counseling program. The vet ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate