Question Three A strategy is a function of a company’s external environment and a company’s internal environment. Midlands Pork Products Limited is Zambia’s leading company in the processing and sale of pork. However, the company has now observed a decline in the demand for pork. Required: What is the company’s external environment? What is the company’s internal environment? Given the company’s external and internal environments, recommend an appropriate strategy

Question Three A strategy is a function of a company’s external environment and a company’s internal environment. Midlands Pork Products Limited is Zambia’s leading company in the processing and sale of pork. However, the company has now observed a decline in the demand for pork. Required: What is the company’s external environment? What is the company’s internal environment? Given the company’s external and internal environments, recommend an appropriate strategy

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 2.5CE

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18. Actions in the Cournot model are strategic substitutes because: (a) Demand and price are inversely related. (b) Prices for the goods always move in tandem. (c) The best response curve is downward sloping. (d) Fixed costs in the industry lead to increasing returns. (e) None of the above.
Panther Acre Cattle Company - Chapter 7 Lab A typical farm or ranch problem is determining the optimum or profit-maximizing weight to sell fed cattle. Assume the feeder cattle are purchased at 600 pounds. The feed required and the weight gain is shown in the table below. Feed costs 7¢ per pound and feeder cattle prices are as follows: Weight Price per Pound 600-899 lbs 72¢ go to 3rd 900-1099 lbs decimal 1100 lbs or more 70¢ Point 67¢ Pay attention to the price changes when computing MVP. Input Output Feed Weight Selling Required Gain Weight Total Average Marginal Marginal Marginal Revenue Physical Physical Value Input (lbs) (lbs) (lbs) Product Product Product Cost 600 0 0 600 432 XXX XXX XXX XXX 500 50 So 650 468 0.10 0.083 1,100 145 as 745 536.40 0.132 6.158 1,700 235 aol 835 601.20 0.138 0.15 2,300 320 85 920 644 0.139 2,900 400 80 1,000 700 0.138 3,500 465 65 1,065 745, 50 0.133 4,100 525 60 1,125 753.75 0.128 4,700 575 SO 1,175 787.25 0.122 5,300 615 40 1,215 814.05 0.116 5,900 645…
Question 2 A buyer has to be knowledgeable about the form of competition present in different markets so that s/he is able to plan for purchasing prices. Explain how the different market structures influence supplier’s price determination.
Let us consider a good whose market is in a perfectly competitive situation. The demand curve for the good is a decreasing line, while the gold curve for the good is an increasing line. If the equilibrium price increases, then we can necessarily conclude that (a) the demand for the good has increased. (b) the price for good has increased. (c) the demand for and the demand for the good has increased. (d) There is not enough information to conclude.
5) Double Take Beauty Double Take Beauty is a spa in Provo, UT that offers single needle tattoos done by its founder, Sadie Flores. Suppose Sadie charges about $400 per tattoo on average. The marginal cost of each tattoo is about $100. She is getting better at tattooing and the tattoos are becoming more popular with customers, so she is considering raising the price to $500 per tattoo. What percentage of customers must be retained to ensure that the price increase is profitable? Note: It's conventional when not calculating elasticities to measure percentage changes relative to their initial value (%AX = new value of X-old value of X of X 25% 18% 84% 66.67% 75% 1000
5) Double Take Beauty Double Take Beauty is a spa in Provo, UT that offers single needle tattoos done by its founder, Sadie Flores. Suppose Sadie charges about $400 per tattoo on average. The marginal cost of each tattoo is about $100. She is getting better at tattooing and the tattoos are becoming more popular with customers, so she is considering raising the price to $500 per tattoo. What percentage of customers must be retained to ensure that the price increase is profitable? Note: It's conventional when not calculating elasticities to ). measure percentage changes relative to their initial value (%AX = new value of X-old value of X old value of X O 66.67% 18% 75% 84% 25%
Action No Recycling Recycling Chemical Lab (Dollars) 2,400 2,100 Profit Water Park (Dollars) 1,100 1,900 Total (Dollars) Total economic profit is highest when the recycling production method is When the chemical lab uses the recycling method, the water park earns $1,900 - $1,100 = $800 more per week than it does with no recycling. Therefore, the water park should be willing to pay up to $800 per week for the chemical lab to recycle water. However, the recycling method decreases the chemical lab's economic profit by $2,400 - $2,100 = $300 per week. Therefore, the chemical lab should be willing to use the recycling method if it is compensated with at least $300 per week. Suppose the water park has the property rights to the lake. That is, the water park has the right to a clean (unpolluted) lake. In this case, assuming the two firms can bargain at no cost, the chemical lab will the recycling method and will pay the water park per week. Now, suppose the chemical lab has the property…
Question 3 What method is used to determine optimal quantity? (A) Pick a number out of a hat B Marginal Analysis See what competitors are doing
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
(c) The demand function of the company that make hard disk is given by P = D(Q) = 78 – 4Q where P is the unit price in ringgit and Q is the quantity demanded in units of a thousand. The supply function for these hard disks is given by P = S(Q) = 13 + Q where P stands for the unit price in ringgit Q stands for the number of hard disk that the supplier will put on the market, in units of a thousand. Determine the consumers' surplus and the producers' surplus if the market price of a hard disk is set at the equilibrium price.
26 please make sure your ans is corrcet!
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