Economic analysis custom essay

Good or service select: Drone food delivery service.

Write the economic analysis section of a business proposal.  This will include statements about the market structure and the elasticity of demand for the good or service, based on text book principles. You need to create hypothetical data, based on similar real world products to estimate fixed and variable costs.

Required Elements:

  • Identify market structure
  • Identify elasticity of the product
  • Include rationale for the following questions:
    • How will pricing relate to elasticity of your product?
    • How will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue?
    • Besides your pricing decisions, what are your suggested nonpricing strategies? What nonpricing strategies will you use to increase barriers to entry?
    • How could changes in your business operations alter the mix of fixed and variable costs in line with your strategy?

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Microeconomics custom essay

1. Imagine an economy that produces capital goods and consumption goods. What will happen to its production possibilities curve if some of its existing capital stock wears out and is not replaced? How will your answer differ if more than enough capital is produced to replace the capital that wears out?
2. Define opportunity cost and explain why, as more and more of a good is produced, the production of another unit of that good is likely to require a larger and larger opportunity cost.
3. What is the difference between a change in quantity demanded and a change in demand? Identify the factors that cause a change in quantity demanded, and distinguish them from the factors that cause a change in demand.
4. Explain what is meant by an equilibrium, and explain why the equilibrium price is at the point where the market demand and supply curves intersect. For example, why would an equilibrium not exist at a price below the intersection of the market demand and supply curves? (1 point)
5. Explain what will happen in the market for pagers as the technology used to produce them improves at the same time that the price of cellular phones decreases.
6. Use supply and demand curves to illustrate and explain why a black market may develop for certain products (i.e., SuperBowl tickets or theater tickets) which are available only in fixed quantities.
7. The 50,000-seat Duke Stadium in Durham, North Carolina, is the home of the Duke University Blue Devils. For Saturday afternoon football games, attendance is typically 40,000. By lowering the price of football tickets, the university could easily sell out Duke Stadium, but it chooses not to do so. Using the concepts of price elasticities of demand and supply, explain why Duke might decide not to lower the price of football tickets.
8. Explain why, if a consumer maximizes utility, his or her income must be allocated among commodities so that, for every commodity purchased, the marginal utility of the commodity is proportional to its price.
9. Many cities in the United States use rent controls designed to make housing affordable for their citizens.
a. Explain how rent controls can lead to the conversion of existing rental housing units to office space or parking lots.
b. Explain how rent controls can lead to the deterioration of existing rental housing units.
10. Why do minimum wage laws lead to increases in unemployment?

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Operations Decision custom essay

Use the Internet to research two (2) of the leading competitors in the low-calorie frozen, microwavable food industry, and take note of their pricing strategies, profitability, and their relationships within the industry (worldwide).
Write a paper in which you:
1. Outline a plan that will assess the effectiveness of the market structure for the company’s operations. Note: In Assignment 1, the assumption was that the market structure [or selling environment] was perfectly competitive and that the equilibrium price was to be determined by setting QD equal to QS. You are now aware of recent changes in the selling environment that suggest an imperfectly competitive market where your firm now has substantial market power in setting its own “optimal” price.
2. Given that business operations have changed from the market structure specified in the original scenario in Assignment 1, determine two (2) likely factors that might have caused the change. Predict the primary manner in which this change would likely impact business operations in the new market environment.
3. Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisions in both the short-run and the long-run.
TC = 160,000,000 + 100Q + 0.0063212Q2
VC = 100Q + 0.0063212Q2
MC= 100 + 0.0126424Q
4. Determine the possible circumstances under which the company should discontinue operations. Suggest key actions that management should take in order to confront these circumstances. Provide a rationale for your response. (Hint: Your firm’s price must cover average variable costs in the short run and average total costs in the long run to continue operations.)
5. Suggest one (1) pricing policy that will enable your low-calorie, frozen microwavable food company to maximize profits. Provide a rationale for your suggestion.

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The economic impact of border protection custom essay

1) What is smuggling? What is smuggled and why is it smuggled? Who benefits from smuggling and who is hurt by smuggling and how?

2) How can the U.S. Government win the war on drugs and at the same time decrease smuggling?

3. Besides smuggling, what other border violations threaten the facilitation of legitimate trade.

4. What is the globalization of organized crime and how serious is the threat?

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Product Purchases and the Economy custom essay

You’ve been debating on making a purchase for yourself.  This is a product you’ve wanted for a while, but one that requires budgeting because you will be making monthly payments.

Select a product in which the demand for the product is clearly affected by the strength or weakness of the overall economy such as new homes, cars, appliances, smart phones, etc.

Write a 1,050- to 1,400-word paper in which you address the following:

  • Identify and define two economic indicators that reflect the strength of the economy (e.g. real GDP, unemployment rate, inflation rate, interest rate, housing starts, etc.).
  • With these economic indicators in mind, how has the economy affected the demand for and supply of your selected product over the last 2 years?
  • What was the impact on the supply of the product and the impact on the demand for the product?
  • Explain the impact on the price of the product and your decision on whether or not to buy the product. 
  • Include responses to the following:
    • How might you apply what you learned about supply and demand to your work place or your understanding of the product you are considering purchasing?
    • How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the price of the product? 

Cite a minimum of three peer-reviewed sources not including your textbook.

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Consumer Behavior custom essay

Given all of marketing messages with which everyone is confronted with, think of three messages (3 messages per profile) that target this profiles:

 

  • A Hispanic 32 year old single mother, 45,000 annual income
  • A Caucasian 50 year-old male, 85,000 annual income

 

The messages have to be distasteful or even unethical for each of the profiles.

 

Think about the influences on consumer behavior to provide a thoughtful answer to these questions:

 

  • Did you always find them distasteful? If not, why do you think your response has changed?
  • Do you think greater regulation is necessary to direct and monitor such ethical concerns? Why or why not?

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contribution margin custom essay

Prepare a contribution margin (behavioral, variable) income statement for Lewis Company, compare net operating profit from a contribution margin income statement with net income from an absorption income statement, and explain why this difference happens. Prepare a second version assuming the selling price per unit increases to $320 per unit.

Further, answer break even questions below. Use the original information to:

Determine the number of units the company must sell to break even for the year?
Compute break even assuming direct materials cost increase from $120 to $150, but all information remains the same.

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Currency vs batter trade custom essay

Companies are pursuing which objective when they start with prices high and slowly drop them over time?

 

  1. Which strategy is appropriate when there is low brand loyalty in a category and brand choice is made in the store?

 

  1. What type of distribution places the goods or services in as many outlets as possible?

 

  1. Which type of distribution relies on some intermediaries willing to carry a particular product?

 

  1. Which companies have launched a website without any previous existence as a firm?

 

  1. When companies estimate the demand and costs associated with alternative prices, they will choose the price that produces

 

  1. What is an ultimate form of foreign involvement?

 

  1. Which marketing system is another channel development in which two or more companies put together resources to exploit an emerging market opportunity?

 

  1. When a seller agrees to accept partial payment of products manufactured with the supplied equipment it is called

 

  1. What takes place when dealers purchase some or all of a product line?

 

  1. What type of system does a firm employ to decide about the most critical decisions management faces?

 

  1. What type of marketing channel consists of an independent producer, wholesaler(s), and retailer(s)?

 

  1. What is a simple way to engage in international marketing?

 

  1. What is the practice that allows companies to maximize their market share by believing a higher sales volume will lead to lower unit costs and higher long-run profit while assuming the market price is sensitive?

 

  1. Which strategy uses the manufacturer’s advertising, promotion, and other forms of communication to persuade consumers?

 

  1. What type of marketing system includes the producer, wholesaler(s), and retailer(s) acting as a unified system?

 

  1. What form describes a buyer and seller directly exchanging goods with no money and no third party involved?

 

  1. What type of deal takes place when the seller receives some percentage of the payment in cash and the rest in products?

 

  1. Which agreements are not necessarily illegal, but they do violate U. S. law if they tend to lessen competition substantially?

 

  1. What mode of entry is it when local and foreign investors share ownership and control?

 

  1. When the number of intermediaries are severely limited, this means

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