economics data bank economics data bank Question PROBLEM 1. A snack food manufacturer buys corn for tortilla chips from two cooperatives, one in Iowa and one in Illinois. The price per unit of the Iowa corn is $5.50 and the price per unit of the Illinois corn is $6.00. a. Define variables that would tell how many units to purchase from each source. b. Develop an objective function that would minimize the total cost. c. The manufacturer needs at least 12000 units of corn. The Iowa cooperative can supply up to 8000 units, and the Illinois cooperative must supply at least 6000 units. Develop constraints for these conditions. 2. The relationship d = 5000- 25p describes what happens to demand (d) as price (p) varies. Here, price can vary between $10 and $50. a. How many units can be sold at the $10 price? How many can be sold at the $50 price? b. Model the expression for total revenue. c. Consider prices of $20, $30, and $40. Which price alternative will maximize total revenue? What are the values for demand and revenue at this price? 3. There is a fixed cost of $50,000 to start a production process. Once the process has begun, the variable cost per unit is $25. The revenue per unit is projected to be $45. a. Write an expression for total cost. b. Write an expression for total revenue. c. Write an expression for total profit. d. Find the break-even point. 4. An author has received an advance against royalties of $10,000. The royalty rate is $1.00 for every book sold in the United States, and $1.35 for every book sold outside the United States. Define variables for this problem and write an expression that could be used to calculate the number of books to be sold to cover the advance. 5. A university schedules summer school courses based on anticipated enrollment. The cost for faculty compensation, laboratories, student services, and allocated overhead for a computer class is $8500. If students pay $420 to enroll in the course, how large would enrollment have to be for the university to break even? 6. As part of their application for a loan to buy Lakeside Farm, a property they hope to develop as a bed-and-breakfast operation, the prospective owners have projected: Monthly fixed cost (loan payment, taxes, insurance, maintenance) $6000 Variable cost per occupied room per night $ 20 Revenue per occupied room per night $ 75 a. Write the expression for total cost per month. Assume 30 days per month. b. Write the expression for total revenue per month. c. If there are 12 guest rooms available, can they break even? What percentage of rooms would need to be occupied, on average, to break even? 7. Organizers of an Internet training session will charge participants $150 to attend. It costs $3000 to reserve the room, hire the instructor, bring in the equipment, and advertise. Assume it costs $25 per student for the organizers to provide the course materials. a. How many students would have to attend for the company to break even? b. If the trainers think, realistically, that 20 people will attend, then what price should be charged per person for the organization to break even?8. In this portion of an Excel spreadsheet, the user has given values for selling price, the costs, and a sample volume. Give the cell formula for a. cell E12, break-even volume. b. cell E16, total revenue. c. cell E17, total cost. d. cell E19, profit/loss. A B C D E 1 2 3 4 Break-even calculation 5 6 Selling price per unit 10 7 8 Costs 9 Fix cost 8400 10 Variable cost per unit 4.5 11 12 Break-even volume 13 14 Sample calculation 15 Volume 2000 16 Total revenue 17 Total cost 18 19 Profit loss
general business data bank general business data bank Question 41. If Bradley Hak is responsible for maintaining information links both inside and outside organizations by using mail, phone calls, and conducting meetings as daily activities, he would be considered a a. figurehead. b. liaison. c. negotiator. d. monitor. e. spokesperson. ANS: 42. Which of the following is not a decisional role? a. Entrepreneur b. Negotiator c. Resource allocator d. Disturbance handler e. Liaison ANS: 43. The ____ role involves resolving conflicts among subordinates between the managers department and other departments. a. resource allocator b. entrepreneur c. negotiator d. liaison e. disturbance handler ANS: 44. According to Mintzberg, which of these is an interpersonal role? a. Monitor b. Negotiator c. Liaison d. Disturbance handler e. Spokesperson ANS: 45. Maintaining information links are the activities consistent with the ____ role. a. leader b. spokesperson c. monitor d. liaison e. entrepreneur ANS: 46. Which of the following roles involve bargaining with others to meet the unit or departmental goals? a. Negotiator b. Resource allocator c. Figurehead d. Monitor e. Leader ANS: 47. If a manager finds a severe decline in employee morale and direction, they may need to spend more time in the ____ role. a. negotiator b. resource allocator c. figurehead d. monitor e. leader ANS: 48. What is the role of the liaison? a. The liaison role pertains to decisions about how to allocate people, time, equipment, money, and other resources to attain desired outcomes. b. The liaison role involves the initiation of change. c. The liaison role pertains to the development of information sources both inside and outside the organization. d. The liaison role involves handling ceremonial and symbolic activities for the department or organization. e. The liaison role involves formal negotiations and bargaining to attain outcomes for the manager's unit of responsibility. ANS: 49. What is the role of the negotiator? a. The negotiator role involves formal negotiations and bargaining to attain outcomes for the manager's unit of responsibility. b. The negotiator role involves seeking current information from many sources. c. The negotiator role involves the initiation of change. d. The negotiator role involves resolving conflicts among subordinates or between the manager's department and other departments. e. The negotiator role pertains to the development of information sources both inside and outside the organization. ANS: 50. If a manager finds several new competitors on the horizon, they may need to spend more time in which role? a. Negotiator b. Resource allocator c. Figurehead d. Monitor e. Leader ANS: 51. To meet the needs of the organization, all managers carry out the three major categories of roles. They are: ____, ____, and ____ roles. a. monitor, figurehead, and liaison b. leader, monitor, and spokesperson c. disseminator, entrepreneurial, and disturbance handler d. decisional, spokesperson, and leader e. informational, interpersonal, and decisional ANS: 52. Since not-for-profit organizations do not have a conventional ____, managers may struggle with the question of what constitutes results and effectiveness. a. hierarchy b. bottom line c. information system d. decision-making process e. structure ANS: 53. A manager in for-profit business focuses primarily on ____, while a manager of a non-profit focuses on ____. a. the bottom-line, employee morale b. the bottom-line, social impact c. profitability, customer satisfaction d. market share, the bottom-line e. customer satisfaction, organization reputation ANS: 54. One of the roles that a small business manager may emphasize over their counterpart in a large organization is ____. a. information processing b. spokesperson c. liaison d. resource allocator e. leader ANS: 55. In the new workplace, work is ____, in contrast to the old workplace where work was ____. a. flexible; diverse b. mechanical; flexible c. flexible; structured d. autocratic; structured e. calm; flexible ANS: 56. The benefits of using interim managers include: a. an organization's use of specialist skills b. no long-term commitment for the organization c. the manager has some flexibility d. the manager faces new and interesting challenges e. all of these ANS: 57. ____ is not a force affecting transition from the old workplace to the new workplace. a. Focus b. Insourcing c. Workforce d. Technology e. Pace ANS: 58. Success in the new workplace depends on the strength and quality of ____. a. individual workers b. independent teams c. followers d. collaborative relationships e. vendors ANS: 59. __________ has become the new imperative, despite the need for companies to control costs in today’s economy. a. Technology b. Outsourcing c. Innovation d. Communication e. Delegation ANS: 60. With its “community of interest” in a pre-Facebook era, the Grateful Dead band’s ability to ________ is a principle factor for its success over several decades. a. innovate b. communicate c. generate revenue d. compete e. monitor ANS:
general business data bank general business data bank Question 26. Spotlight on Ethics in Chapter 4 recommends that when challenging your boss on ethical issues you do not demand a resolution on the spot. 27. The NEW MANAGER SELF-TEST in Chapter 4 suggests that orienting new people, even though it is not required, often reflects a person’s level of moral development. 28. Social responsibility is management's obligation to make choices and take actions that will contribute to the welfare and interests of society as well as the organization. 29. Social responsibility covers a narrow range of issues, many of which are unambiguous with respect to right or wrong. 30. Important stakeholders in corporations include the government and the community. 31. A stakeholder is any group within or outside the organization that has a stake in the organization's performance. 32. All stakeholders of an organization are its stockholders but not all stockholders are its stakeholders. 33. Special interest groups include trade associations, political action committees and consumerists. 34. Economic development that generates wealth and meets the needs of the current population while preserving the environment for the needs of future generations refers to sustainability. 35. Economic, legal, ethical, and discretionary responsibilities are the four areas of social responsibility which can be used to evaluate corporate social performance. 36. Economic responsibility defines what society deems as important with respect to appropriate corporate behavior. 37. Ethical responsibility includes behaviors that are not necessarily codified into law and may not serve the corporation's direct economic interests. 38. Ethical behavior occurs when decisions enable an individual or company to gain at the expense of society. 39. Unfortunately, discretionary responsibility is involuntary and is mandated by economics, law, or ethics. 40. A formal statement of the organization's values regarding moral principles and governing its response to social values is called a code of ethics. 41. Principle-based statements define fundamental values and contain general language about company responsibilities, quality of products, and treatment of employees. 42. Policy-based statements generally outline the procedure to be used in specific ethical situations. 43. One of the newest positions in organizations is the chief operating officer, a response to widespread financial wrongdoing in recent years. 44. A group of executives appointed to oversee company ethics is an ethics committee. 45. A chief ethics officer is a company executive who oversees all aspects of ethics and legal compliance. 46. Ethics training programs are not an important supplement as long as a well-written code of ethics exists. 47. The disclosure by an employee of illegal, immoral, or illegitimate practices by the organization is called whistle-blowing. 48. Managers are often concerned good citizenship will hurt performance. 49. Managers carry a tremendous responsibility for setting the ethical climate in an organization and can act as role models for others. 50. Most ethical dilemmas in business involve a conflict between stakeholders and shareholders. 51. The virtue ethics approach to ethical decision making sidesteps debates about what is right, good, or just and bases decisions on prevailing standards of the profession and the larger society, taking the interests of all stakeholders into account. 52. The virtue ethics approach to ethical decision making says that moral behavior stems from personal virtues. 53. Economic responsibility, carried to the extreme, is called the profit-maximizing view. 54. Although public confidence in business managers is at an all-time low, politics, sports, and non-profit organizations have not been affected.
Economics!!!!!!!!!!!! Economics!!!!!!!!!!!! Question must write a 1750-2450 word paper regarding maximizing profits with in market. There are certain topics that need to be touch I will give you the details if you are interested... THIS NEEDS TO BE WRITTEN BY YOU not taken from the internet.
Writing Assignment Writing Assignment Question Writing Assignment Extra Credit Writing Assignment: The Ethnographic Perspective: Guests of the Sheik This assignment asks the student to reflect on the ethnographic perspective through the experiences of Elizabeth Fernea as described in her book “Guests of the Sheik” The Guidelines This assignment should conform to all of the length, format and other guidelines for writing assignments outline in the Syllabus. Overview Answer the following: Describe briefly your impressions of this “fieldwork.” What would it be like to be in the field outside of your culture? Illustrate your opinions with examples from the text. and Choose two topics from Area A and one topic from Area B to write about: Area A: What did you learn about the people of Iraq ? Topic 1 – Gender. What did you learn about Gender in Iraq through this book? What did you learn which expanded your perspective on Gender in general? Topic 2 – Religion. Iraq is a primarily Islamic society, how was this translated into everyday life? What can we learn about how religion functions in any complex society from this example. Topic 3 – Kinship Systems and Family. The society described by Fernea is built around kinship and family relationships. How does kinship structure the everyday lives of the people described in the book? What did those people who were making lives separated from their kin groups suggest about the future of this kind of social organization? Topic 4 – Political Systems. The society described in Iraq is an intensely political one, but the outlines of these politics are often vague in this book. Why is this true? What could an ethnographer have done to make the interactions of kin and interest groups more understandable? Topic 5 – Economics. How are people making a living and supporting their families and kin groups in this setting? What is the relationship of the economics presented to the areas discussed above (gender, religion, kinship and politics). Area B: Topic 1 – Guests of the Sheik is not a new book.The work it is based on is around 50 years old. So why is this book part of the standard UMUC Anthropology 102 course? What does it tell us that we might not get from a journalist's account of Iraq? Or from another ethnography about say Egypt? Or from the memoir of an Iraqi? What can we learn from it? Topic 2 – What we do versus what we say.Discuss the idea of real versus ideal behavior, exemplified by the people studied and the anthropologist. Are the people actually living out the cultural system that they might describe and if not how does it vary from what they say? Does Fernea behave in the way you had expected an anthropologist to behave, how is her behavior different than expected? Topic 3 – Being an ethnographer.What were Fernea’s greatest strengths and greatest weaknesses as an ethnographer? Describe the most serious or trying difficulties experienced by this anthropologist. Based on this account, what qualities do you think are most important for successful anthropological fieldwork? Could you do this kind of ethnographic field work? Essay Template Essay Examples & Template THESIS STATEMENT: Should include: What, How and Why WHAT: your claim about the event, interaction, practice or culture HOW: the conversations, statements, behaviors, positions, artifacts, rules, norms, etc. that you use to prove your claim WHY – how does your idea/argument deepen the reader's understanding of the event, interaction, practice, or culture and situate it within the broader anthropological perspective? (answers the dreaded “so what” question). “Magic Thesis Statement”(don't use these exact words – adapt this magic thesis statement and make it your own!) By looking at HOW(evidence to prove the claim), we can see WHAT(your claim about the text), and this is important because WHY. Example: On the surface, the message board exchange appears to be quite casual, but the rules of the web master provoke an event that has all the elements required of formal speech as outlined in Dell Hymes' Speaking Model(this is the WHAT). Participants use increased structuring, specific code choices, and a focus on positional rather than personal identity(this is the HOW) to reassert the group's norms. The exchange is directed away from sympathy and back to snide humor, demonstrating that communication both reflects and enforces culture. (this is the WHY). Example: WHAT : In her ethnography, Guests of the Sheik, Elizabeth Fernea demonstrates how ethnocentrism can interfere with anthropological research. HOW: In her retelling of her experience in Iraq, Fernea demonstrates her own ethnocentrism through her words and actions. However, over time and through her experiences, she becomes aware of her ethnocentrism, WHY: an important element in producing a clear ethnology in anthropological research. Example: HOW: China is home to one-fifth of the world's population. Because of this, the Chinese government enacted the one-child policy. WHAT: While this policy has served to slow China's population growth, a number of social issues have arisen in its wake. WHY: These issues have led many to question which is the lesser of the two evils... OUTLINE OF THE MAIN POINTS: Example: In this paper I will briefly explain the concept of ethnocentrism and its relationship to anthropological research, then I will discuss how Fernea demonstrated her own ethnocentrism and how she overcame it...etc..etc... In this report I will discuss my research in China including my research methods, my findings, including a detailed account of how those I interviewed view the one-child policy, and how I gave back to the community I worked with...etc..etc... COUNTERARGUMENT Example: Some might argue that BJ never really overcame her ethnocentrism, however, as demonstrated in her experience with... Example: Because the one-child policy is enforced with measures such as abortion, it is opposed by the Catholic church, which has emerged as a loud opponent... CONCLUSION Example: Fernea's account of her experience in Iraq demonstrates how ethnocentrism can skew an anthropologist's point of view. Once she became aware of her ethnocentrism, Fernea was better able to understand Iraqi culture, thus providing a clearer picture of the cultural practices she experienced there... Example: While the one-child policy has led to a number of social issues including infanticide and a gender imbalance, my research indicates that a significant number of Chinese citizens agree with the overarching goal of the policy... ESSAY TEMPLATE INTRODUCTION This should include some background information don't assume the reader knows anything about what you are discussing. Include background about your topic including relevant research already conducted, if applicable. THESIS By looking at HOW (evidence to prove the claim), we can see WHAT (your claim about the text), and this is important because WHY. SUPPORT FOR POSITION Include 3 or specific examples as evidence of supportExplain how this evidence supports your positionInclude a counterargument Note: This is the bulk of your paper – it should be multiple paragraphs long. Be sure to cite your sources within the text! CONCLUSION Restate your position (in different words) and answer the question “so what?” WORK CITED List all of your sources , Attachments (2448.19 KB)
How can you use ratios and comparative analysis How can you use ratios and comparative analysis Question How can you use ratios and comparative analysis to help you in an job interview? Require 200 -250 words
COPY_03_5dec – 4th COPY_03_5dec – 4th Question 94) The American workforce today is better educated and more white-collar than it was a generation ago. 95) Major companies in several industries are now directly targeting gay and lesbian consumers. 96) Diversity in America is increasing, and successful marketers are increasingly diversifying their marketing programs to appeal to different segments of the population. 97) Most household income is used up in purchasing food, housing, and transportation. 98) According to Engel's laws, consumers tend to spend a larger percentage of income on savings as income rises. 99) Significant trends in the naturalenvironment include shortages ofraw materials, increased pollution, and decreased government intervention. 100) Environmental concerns have been on the decline in the past decade; more government legislation and the green movement may be the cause of this trend. 101) The introduction of new technologies is beneficial to all industries, as new markets and opportunities are created. 102) Cause-related marketing is a slowing trend as companies have abused the practice, using it more to increase sales than to support worthwhile causes. 103) In the culturalenvironment, core values and beliefs and secondary values and beliefs differ in that core values and beliefs are more open to change. 104) When a company hires lobbyists to influence legislation affecting its industry, it is taking a reactive approach to the marketing environment. 105) A company that experiences negative word of mouth on blogs or social networking sites should ignore rumors, as answering any complaints will only make them seem more legitimate. 106) Who are the major players in a company's microenvironment? What roles do they play? 107) In a short essay, differentiate between the basic marketing intermediaries. 108) In marketing, what is a public? Briefly describe the seven main types ofpublics faced by marketers and explain how marketing might communicate with these publics. 109) How can marketers use information about the demographic environment? Copyright © 2011 Pearson Education, Inc. 110) Explain the impact of the baby boomers, Generation X, and Millennials on today's marketing strategies. . 111) What are the major trends in today's naturalenvironment? How do these trends affect companies? 112) Why is the technological environment such a dramatic force in today's market? 113) Describe the three main reasons that business legislation is enacted. 114) What is cause-related marketing? Give two examples ofthe practice and explain why companies participate in cause-related marketing. . 115) What is the cultural trend in how people view nature? How does this affect marketers? 116) LandPort Transportation and Omega Warehousing move and store the products your company sells. The two businesses are examples of________. A)resellers B)marketing services agencies C)marketing intermediaries D)physicaldistribution firms E)geographic segments 117) Currently, Diego Calabresa is employed by a firm that conducts marketing research and creates ads for other companies that help them target and promote their products to the right markets. Who is Diego's employer? A)a financial intermediary B)a physicaldistribution firm C)a marketing service agency D)a reseller E)a green marketer 118) ING, an international insurance and financialservices company, is the primary sponsor of the annualNew York City Marathon, which is attended by over one million fans and watched by approximately 300 million viewers worldwide. The ING logo and name appear throughout the race course. ING most likely sponsors the event in order to appeal to which type of public? A)financial B)local C)government D)general E)internal 31 Copyright © 2011 Pearson Education, Inc. 119) Ifbaby boomers are predictors of where product and service demand will be, increased demands will most likely be evident in ________ in the coming years. A)university enrollment B)beer and wine C)financialservices D)the apparel industry E)the organic food industry 120) Noora DeLange is helping her company develop a marketing program for a new product line. The program involves emphasizing experience over acquisition and uses a marketing pitch that is less overt than the company's previous programs. The marketing program is most likely designed to appeal to which ofthe following demographic groups? A)Gen Xers B)nontraditional households C)"micropolitan" populations D)Millennials E)manufacturing workers 121) Which of the following best explains why Gen Xers who are parents tend to put family before career? A)Gen Xers were the first generation of latchkey kids. B)Gen Xers were minimally affected by the recent economic downturn. C)Gen Xers are more skepticalabout marketing than members ofother generations are. D)Gen Xers are not as educated as members ofother generations are. E)Gen Xers do not face as many economic pressures as members ofother generations do. 122) Wholesome Soups, a maker oforganic soups, is starting a new marketing campaign emphasizing the ease ofpreparing and eating Wholesome Soups on the go. Print, television, and Internet ads featurecollege-aged students enjoying Wholesome Soups in between classes and during study breaks. Wholesome Soups' new marketing campaign is most likely aimed at which of the following? A)baby boomers B)seniors C)Gen Xers D)Millennials E)the SOHO market 123) In considering the changing American family, which ofthe following are marketers likely to consider the LEAST important? A)The number oftraditional households has increased. B)Baby boomers are hitting retirement age. C)Almost one-third of American households are not traditional families. D)Married couples with children make up less than 25% of the nation's households. E)The number ofstay-at-home fathers has increased in the past 20 years.
general business data bank general business data bank Question 6. ____________________ describes the organization's reason for existence. 7. A(n) ____________________ is a broadly stated definition of basic business scope and operations that distinguishes the organization from others of a similar type. 8. Broad statements describing where the organization wants to be in the future are called ____________________. ANS: strategic goals 9. ____________________ define the action steps by which an organization intends to attain its strategic goals. 10. Goals that define the outcomes that major departments must achieve in order for the organization to reach its overall goals are known as ____________________ goals. 11. ____________________ are designed to help execute major strategic plans and to accomplish a specific part of the company's strategy. 12. The specific results expected from departments, work groups, and individuals are the ____________________ goals. 13. ____________________ plans are developed at the lower levels of the organization to specify action steps toward achieving operational goals and to support tactical plans. ANS: Operational 14. Plans that define company responses to specific situations, such as emergencies, setbacks, or unexpected conditions are called ____________________ plans. 15. A special type of contingency plan that is used when events are sudden and devastating and require immediate response is called ____________________. 16. The crisis management plan should be a(n) ____________________ that specifies the actions to be taken, and by whom, if a crisis occurs. 17. A group of planning specialists assigned to major departments and divisions to help managers develop their own strategic plans is called ____________________. 18. ____________ is the set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals. 19. The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n) __________. 20. A business activity that an organization does particularly well relative to its competition is known as a(n) ________. 21. When organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone, __________ occurs. 22. __________ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan. 23. The use of managerial and organizational tools to direct resources toward accomplishing strategic results is known as ___________. 24. The ability to influence people to adopt the new behaviors needed for strategy implementation is called _________. 25. It is argued that ___________ is the most difficult and most important part of strategic management.
economics data bank economics data bank Question 41) If a monopolistically competitive seller's marginal cost is $3.56, the firm will decrease its output if A) its marginal revenue is less than $3.56. B) its marginal revenue is equal to $3.56. C) its marginal revenue is more than $3.56. D) its average total cost is equal to $4.00. E) Both answers B and D are correct. 41) 42) In monopolistic competition, profit is maximized by producing so that marginal revenue A) equals price. B) equals average total cost but not marginal cost. C) equals marginal cost and which are less than price. D) equals marginal cost and equals price. E) is negative. 42) 43) The absence of barriers to entry in monopolistic competition means that in the long run firms A) earn either an economic profit or zero economic profit. B) earn zero economic profit. C) incur an economic loss. D) earn an economic profit. E) earn either zero economic profit or suffer an economic loss. 43) 10 44) With an average cost pricing rule, the quantity produced by the natural monopoly is ________ the quantity produced with a marginal cost pricing rule. A) less than B) greater than C) not comparable to D) equal to E) greater than in the long run and less than in the short run than 44) 45) Because of the number of firms in monopolistic competition A) each firm has a large market share. B) it is possible for the firms to collude. C) one firm has the ability to dictate market conditions. D) each firm must carefully monitor what its competitors do. E) no one firm can dominate the market. 45) 46) If a large number of firms are competing, the market could be A) monopolistic competition or monopoly. B) perfect competition or monopoly. C) oligopoly or monopoly. D) perfect competition or monopolistic competition. E) monopolistic competition or oligopoly. 46) 47) With a natural monopoly A) no regulation is necessary because it is a natural monopoly. B) regulation takes the form of breaking the company into several competing firms. C) regulation takes the form of forcing the company out of business. D) regulation can take the form of average cost pricing to allow coverage of costs. E) regulation takes the form of forcing competition from new firms. 47) 48) If a natural monopoly is regulated using A) a total cost pricing rule, the firm will exit the industry. B) a marginal cost pricing rule, the firm maximizes its profit. C) an average cost pricing rule, the firm maximizes its profit. D) a marginal cost pricing rule, the firm incurs an economic loss. E) an average cost pricing rule, the firm incurs an economic loss. 48) 49) Price cap regulation is defined as regulation that A) imposes a price ceiling on the regulated firm. B) is essentially the same as rate of return regulation. C) uses average cost pricing to ensure costs are covered. D) uses marginal cost pricing to ensure efficient output. E) encourages firms to exaggerate costs to increase profits. 49) 50) The process of price cap regulation includes which of the following? i. a price ceiling. ii. marginal cost pricing. iii. average cost pricing A) i and ii B) i and iii C) ii only D) ii and iii E) i only 50) 11 51) The above figure represents the market for cable television in Oakland, Florida. Time Warner Communications (TWC) is the sole provider of cable television to the residents of this Central Florida community. If TWC is left unregulated, what is the price of cable television in Oakland? A) $10 B) $20 C) $50 D) $30 E) $40 51) 52) The above figure represents the market for cable television in Oakland, Florida. Time Warner Communications (TWC) is the sole provider of cable television to the residents of this Central Florida community. If TWC is left unregulated, how many households in Oakland are served? A) 40,000 B) 50,000 C) 10,000 D) 30,000 E) 20,000 52) 53) If a regulatory agency sets the price equal to marginal cost for a natural monopoly, the A) price is the same as the unregulated monopoly price. B) firm earns an economic profit, though not the maximum economic profit. C) firm earns a normal profit. D) firm earns the maximum economic profit. E) government might have to provide a subsidy to the firm to keep it in business. 53) 54) Capture theory is A) a model about perfect competition. B) a theory that explains behavior of competitive firms. C) an economic theory of regulation. D) the theory that regulators capture firms' attention by dictating a very low price. E) the same as the public interest theory. 54) 55) A monopoly creates a deadweight loss because the monopoly A) sets a price that is too low. B) produces less than the efficient quantity. C) produces more than the efficient quantity. D) does not maximize profit. E) earns a normal profit. 55) 12 56) Which of the following explains why the marginal cost pricing rule results in an economic loss for a natural monopoly? A) TheATCcurve is downward sloping throughout the relevant range, therefore theMCis lower than theATC. B) TheMCis constant and equal to price. C) Because output is determined by settingMC equal to the price, consumer surplus is maximized. D) The demand curve is downward sloping, therefore price falls as quantity increases. E) The firm'sMRis always less than its price. 56) 57) ________ natural monopolies is a commonly used, potential solution to the problems presented by natural monopolies. A) Giving incentives to firms to become B) Breaking up firms that are C) Regulating D) Refusing to grant patents to E) Outlawing price discrimination by 57) 58) With perfect price discrimination, the level of output A) is the same as the amount produced by any monopoly that price discriminates. B) equals the amount produced by a single-price monopoly. C) is the same as the amount produced in a perfectly competitive market. D) exceeds the efficient quantity. E) is unknown. 58) 59) Comparing a perfectly competitive market to a single-price monopoly with the same costs, we see that A) the monopoly market always is more efficient in the use of resources. B) the monopoly market achieves efficiency in resource use while perfectly competitive market does not. C) both markets are equally efficient in their use of resources. D) the perfectly competitive market achieves efficiency in resource use while the monopoly market does not. E) None of the above answers is correct because comparing a perfectly competitive market to a monopoly is impossible. 59) 60) When a perfectly competitive industry is taken over by a monopoly, some consumer surplus is transferred to the monopolist in the form of A) taxes. B) marginal cost. C) deadweight loss. D) economic profit. E) average variable cost. 60)
Post University MGt201 discussion 1 and 2 Post University MGt201 discussion 1 and 2 Question Dq1 The functions of Human Resource Management have changed considerably over the last 20 years. What do you see as the top priorities of the HRM department today? Please be specific and include some academic information from the textbook (if you haven't received your textbook yet you can use the internet) Also, what have your experiences been with your company's HRM department? Have they been responsive and effective and are they a visible and helpful presence in your company? Please cite your source(s). DQ2Select one of the following employment laws. (Please make sure you don't duplicate one of the laws you are doing for your PowerPoint presentation) to discuss - first summarize it (history and major components) and second explain why you personally feel it is important. I don't want to see general comments. This is a very important week in understanding the employment laws. Please communicate throughout the week with your classmates on their selections. Make this a robust Discussion Board - more than three postings to your classmates - the more the better. Civil Rights Act of 1964Executive Order 11246 (1965) Title VII and Sexual Harassment;Pregnancy Discrimination Act of 1978;Civil Rights Act of 1991;Equal Pay Act of 1963;Age Discrimination in Employment (1967) orAmericans with Disabilities Acts of 1990 and 2008.Genetic Information Nondiscrimination Act of 2008.Lilly Ledbetter Fair Pay Act of 2009 Please use your book and cite it as necessary. You can also use information from the Internet. Remember to cite all information you restate, reword or quote in accordance with the APA format. Information on the APA format is located in Course Information.