Econ

2. What were the weaknesses of each of the following methods of stabilizing the industry?

3.) If the companies sales are down, people that work for the company would suffer.

3. Do you expect this profit level to continue in subsequent years? Why or why not?

6. Once completing your analysis, what is the opportunity represented by addressing the problem? What is the cost of poor quality? What is the impact on customer satisfaction, retention, and loyalty? How could this help increase revenues? How could this help increase our capacity? How could this improve our ability to improve our process controls?

b. The possible reason of the externality being a cause of this could be the fact that if other people follow suit there will be an oversupply of the same kind of a service which may further lead to the market failure

a) (2 pts.) Which strategy offers both Westinghouse and General Electric the best financial outcome?

It included $4000 of direct materials and had received 20 direct labour hours to date (it started on May 30)

d. How much overhead cost do you think Bridgeton and the consultants implicitly assumed they would save by outsourcing these two products?

1. Please conduct a financial ratio analysis using the data in Exhibit 2. How do the results reflect different strategies pursued by the 4 firms?

7. Which of the following must be true if a firm is experiencing economies of scale?

unit, two types of costs are distinguished. Firstly the direct costs, consisting of the direct

19. A monopolistically competitive industry is in the process of moving toward long-run equilibrium. This period the product of a typical firm has more substitutes than last period. This means that

The long-run equilibrium emphasizes that a perfect competition firms can enter and leave a market whenever they choose to. Long-run equilibriums will initially show profits. After a long period of time, the price will ultimately end up at a stall,

6. Firms are price makers and are faced with a downward sloping demand curve. Because each firm makes a unique product, it can charge a higher or lower price than its rivals. The firm can set its own price and does not have to ‘take' it from the industry as a whole, though the industry price may be a guideline, or becomes a constraint. This also means that the demand curve will slope downwards.

d) Should Brennan stay in business? Will other farms with costs the same as Brennan's enter the milk market? Explain.