Lesedi General Dealer has been the sole supermarket in Otse.Recently ,two strong competitors (Choppies and Spar) have set up shop in different locations within the village.Given the slow growth as a result of the Covid pandemic ,determine an appropriate grand strategy and justify its selection
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Lesedi General Dealer has been the sole supermarket in Otse.Recently ,two strong competitors (Choppies and Spar) have set up shop in different locations within the village.Given the slow growth as a result of the Covid pandemic ,determine an appropriate grand strategy and justify its selection
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- Let us suppose the market size is 22,218,564 for a self cooking oven. The imitation rate is 0.29 and the innovation rate is 0.006. Recall the Bass Model S-Curve function: qN²(t-1) m n(t) = pm + (q-p)N(t-1)-- How many new users would there be at time period 2? Let us suppose the market size is 15,343,291 for a self cleaning oven. The innovation parameter is 0.009 and imitation parameter is 0.29. Recall the Bass Model S-Curve function: n(t) = pm + (q-p)N(t-1)- qN²(t-1) m How many total users would there be at the end of time period 2?Two of your classmates have an idea for a new food truck called Funk Seoul Brother, that sells Korean street food and sushi burritos. It would be the only supplier of this food in Athens. Market research suggests that the demand curve for the food will be P=40-(Q/80). It will cost $2000 to set up the food truck, which is necessary before any food can be made. In addition to the setup cost, there is a marginal cost of $6 per entrée for every entrée made. a. What is the profit-maximizing price and quantity?What profit will this food truck generate? b. If this market were instead perfectly competitive, what would be the equilibrium price and quantity? c. How much deadweight loss occurs under the monopolist?A telecom incumbent owns the upstream network and is currently a monopoly retail supplier. The incumbet has fixed cost of F=1.4 and marginal cost of co=0.3 per call for its upstream network. The incumbent's retail marginal cost of a call c₁.25 and its retail price is fixed p₁=0.75. Give the Efficient Component Pricing Rule (ECPR) rate of access to the incumbent's network. If applicable, give up to two decimal places rounding up the second decimal place, eg use 87.65 instead of 87.647.
- The Company wants to level the production mix at the pacemaker. The average daily demand and their variance for the five products in this product family is as shown in the following Table. Product ID A1 A2 B1 B2 B3 C Daily Demand ~ N(mean,variance) (144, 400) (120,400) (48,100) (48,100) (48,100) (24,25) A day is 432 minutes (after excluding paid breaks and lunch) and a pallet holds 12 units of any part. Items A1 & A2 are ordered daily, items B1, B2 & B3 once every three days and item C occasionally. The company keeps finished good stock for products A&B (with a buffer stock to cover 97.7% of demand surges) and produces C on demand. How would you schedule the average daily orders? How many units of stock are you going to keep in the finished goods supermarket? Consider the following demand for Monday: Product ID A1 A2 B1 B2 B3 C1 Monday Orders 168 108 156 0 0 36 Do you have enough stock and the…You are selling a software product called “Link” which is available in high and low quality versions called Link Professional and Link Home respectively. You have 2 units of Link Professional and 2 units of Link Home. There are 2 potential customers, each of whom is interested in buying 1 unit of Link (either Link Professional or Home but not both). Suppose that your objective is to maximize the total revenue from selling the software. Further, you do not know the identity of either buyer and you must sell by posting one price for Link Professional and another price for Link Home. Each buyer seeks to maximize her consumer surplus and may buy Link Professional or Link Home or neither depending on the prices that you post. Please show all intermediate steps and clearly explain your reasoning. i. What is the optimal price and resulting revenue under the following scenario? What (if anything) would each customer buy? ii. If you could identify each buyer and make targeted offers, what price…Suppose you’re relatively new in business and want to launch your product in the market.You have a great deal of flexibility in how you set your prices, you may want to considerpricing for optimum market penetration. This means that you initially sell your product ata low introductory price P0 (say) to attract new customers, then raise prices once you’vesecured your share in the market. Determining the most appropriate pricing model for yourbusiness is tricky and takes considerable research.If it is known that change in price P depends upon the demand D and Supply S of yourproduct, where both D and S are linearly related to price P.(a) Write the differential equation the describes the change in price.(b) Describe the pattern of change of price for different phases.(c) For what values of parameter, you have equilibrium price (Hint: Recall equilibriumsolution of differential equations)
- EasyTax markets both a deluxe and a standard version of its software. The deluxe version contains additional features that are likely to appeal to sophisticated users. The marginal costs of producing and distributing the two versions are virtually equal, and equal to zero. The market is equally divided into two types of users, sophisticated and unsophisticated (and assume one user of each type). The maximum willingness to pay for both types of users for the standard and deluxe versions are given in the following table: Standard Deluxe Unsophisticated 20 20 Sophisticated 35 100 (a) Assuming that the company producing EasyTax can distinguish between sophisticated and unsophisticated users (because, for instance, the sophisticated users are registered accountants), what are the optimal prices to be charged to each category of users? What is the company’s profit? (b) Assume now that the company cannot distinguish between the two types of user.…Hi hlo Expert Hand written solution is not allowed.Ali Receives Utility From (D)omestic Vaccines from Kayseri, and the Sinovac Vaccine-(F)oreign. The utility structure is U(D,F)=D x F. The price of the foreign vaccine because of increasing returns to scale is $200, whereas at its earlier stages, the domestic vaccine is produced at a higher cost, and higher price of $250. The government has given each and every citizen a fixed payment of $8000 to spend just on vaccines, but it has not specified which vaccines. a- Does Ali Solve the Utility Maximization Question in an interior equilibrium or a corner solution? How do you know? What condition does the interior equilibrium necessitate regardless. b- Find Ali's Utility Maximizing Level of Domestic and Foreign Vaccines when he uses just the government allowance on vaccines? What is his utility level? C- Suppose the government wants to decrease Turkey's health exports. It pushes a vaccine subsidy, just for domestic vaccines that makes the price of domestic equal to $160. How does the utility…
- . The monthly demand for trotro rides in Kumasi, Ashanti depends on the price of a taxi ride, the price of a trotro ride, and the average monthly income of riders. Some consumers might choose to ride the taxi instead of the trotro, while other riders might use both forms of transportation to get to their final destination. The demand function for trotro rides is: Qd = 9,750 – 500P + 250Pj + 5INCOME, where Qd is the number of trotro rides demanded per month, P is the price of a ride, Pj is the price of a taxi ride, and INCOME is the average monthly income of riders. Suppose that P = $1.50, Pj = $4, and INCOME = $3,000. What is the monthly quantity of trotro rides demanded? What is the value of the cross-price elasticity of demand? Based on your answer, are taxi rides and trotro rides substitutes or complements? What is the value of the income elasticity of demand? Based on your answer, are taxi rides an inferior or a normal good?Q1 Market-clearing Prices Consider a standard position auction. There are two positions: Top (T) and Bottom (B). Position T receives rr = 150 clicks per day and position B receives rg = 50 clicks per day. There are four bidders (B1-B4) with the following dollar values per click: v = 8, v 6, vs = 4, vs 2. (a) Find the efficient assignment. (b) Find the lowest per click market-clearing prices. (c) Find the highest per click market-clearing prices, (d) Fully specify and draw the complete set of ALL per click market-clearing prices.After reviewing Institute for Clinical and Economic Review consider the following: In the UK, very few drugs or procedures are approved if they cost more than $50,000 per QALY. Take the example of PCSK9 inhibitors. The PCSK9 inhibitors(PSK9i) are a class of injectable drugs approved in 2015 that have been shown to dramatically lower LDL cholesterol levels, by up to 60% when combined with a statin. The market price of the first PCSK9s to be sold in the US in 2015 was $14,350 per year. The ICER analysis shows how many more patients could be treated at a lower total budget impact if the price could be lowered. Given this information what price should Medicare pay for a PSCK9? Should a state Medicaid program pay more or less? Should Medicaid programs in low-income states pay more, less, or the same, compared to high-income states? Should there be one $/QALY for an entire country? How would you expect drug companies to react to price limits set by public programs?