1. Without a thorough strategy formulation process, is it possible for an organization to survive in a competitive industry? Explain your answer by providing Three(3) examples
Q: Assume the following economy: Autonomous Consumption = £10,000; Marginal Propensity to Consume =…
A: Given: The autonomous consumption = £10,000 MPC = 0.8 Investment = £30,000 Government spending…
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A: Cost of untreated wooden pole = P12000 Treated pole last = 20 years Interest rate = 12% Tax = 1%
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Q: A single bank must meet a 20 percent reserve ratio. If the bank has no excess reserves initially and…
A: Money Created = Multplier*Amount of Money aadded Multiplier = 1/reserve ratio = 1/20 = 5
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A: Intellectual property is a sneak up word for a collection of intangible assets or non-physical…
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A: Instability in the economy is caused by many factors and the government tru to stabilize the economy…
Q: Why is the unemployment rate important?
A: Unemployment is defined as a state in which all those people who are willing to work at the existing…
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A: A firm will maximise profit at a point where marginal revenue is equal to marginal cost and price is…
Q: 2. Complete the demand schedule below for the given equation Qd 750 -10P at given prices P12.00,…
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A: Investment and Consumption: Every economy has a budget constraint.This budget can be utilized for…
Q: 2. In a couple sentences, explain the definition of GDP. What kinds of spending are included, and…
A: Out of all the components of GDP, net exports is the most important component as it determines the…
Q: QUESTION 16 Which of the following describes the breakeven point O a. total revenue explicit costs…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: - Discuss the three pillars of the neoclassical economy. How are they linked? Describe in terms of…
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A: Given information When operation performed by hand Labor cost=64 per per unit Fixed cost…
Q: 5) The First cost of a passenger bus is P800,000. Its estimated life is 4 years with no salvage…
A: The annual worth or AW method refers to the value for an alternative, comprising of two prime…
Q: First cost of a passenger bus is ₽800,000. Its estimated life is 4 years with no salvage value. The…
A: Annual values is uniformly equal AW of all computed income and costs during the duration of a…
Q: The cost minimizing equilibrium condition is a. MPL/PL = MPK/PK. b. PL = PK. c. MPL = MPK.
A: Marginal rate of technical substitution refers to the rate at which the firm can replace inputs to…
Q: What is the optimum level of production? Price Total cost 200 90 190 180 Quantity 180 170 160 150…
A: Optimum level of production is achieved when firm earn normal profit as in the case of perfect…
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A: In a competitive market firms can earn positive profit in short run but will earn zero economic…
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A: The concept of price elasticity of demand is crucial to examine.
Q: If an economy starts in a long run equilibrium and then there is a large decrease in the stock…
A: Long-run equilibrium refers to an equilibrium where the aggregate demand curve and aggregate supply…
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A: Cost is the expenditure that is incurred in the production of goods and services in an economy. The…
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A: Complementary commodities are those commodities which are used together. When the price of one good…
Q: Is the following statement true or false? Explain. The own price elasticity is constant for linear…
A: Disclaimer“Since you have asked multiple questions, we will solve the first question for you. If you…
Q: _______ A study of how wealth is created and distributed.
A: Economics is a social science which studies the functioning of an economy. It can be divided into…
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A: given information There are people who observes an accident If helps everyone gets 1 pay off and if…
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A: Better method of payment for the buyer is given below...
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A: The term "future capital maintenance" refers to the costs a business anticipates to expand in the…
Q: 3) A certain warehouse is worth P700,000. The average value of the merchandise in the warehouse is…
A: Cost of insurance Annually : Warehouse = 1% of 700,000 = 7000 Merchandise = 0.9% of 600,000 = 5400…
Q: 1. The following table gives the PDF (Probability Density Function) of the discrete variable X -1 -2…
A: For given data of x and f(x) we can find out the E(X) and V(X)
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A: When a country open-up its economy to make economic transactions with the rest of the world, it will…
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A: A subgame perfect equilibrium ( that is also known as a subgame perfect Nash equilibrium) is…
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A: In a market, there are various pricing strategies that a firm can adopt if it has some control over…
Q: The Federal reserve has increased the monetary base at very rapid rates in 2007-2010 and again in…
A: Introduction its answer is the money multiplier increased during the first period but fell in the…
Q: 2. What is the comparative advantage of having a Strategic Management between No Strategic…
A: Ans- In this business world strategy is a eminent word. Top most officers and executives do it at…
Q: Use 5 countries of your choice to show interdependence among them as a result of trading
A: When trade of goods and service is done with Nations it is called International trade .…
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A: Total cost is the sum of Fixed and variable cost. Total revenue is price multiplied by quantity.…
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A: Production function : Akah1-a Where the data for two countries is : Let the productivity of country…
Q: each of the following cases, calculate the values of MPC, decimal places. PW, and the spending…
A: In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate…
Q: Discuss the role of trade policy in your daily life.
A: Trade refers to the activity in which different countries come together and exchange goods and…
Q: 10. A generator costs P500,000 and whose salvage value is P10,000. after 20 years. Find the book…
A: Given the cost = P500000Salvage value = P10000Time = 20 years
Q: ffect of Price on Supply of Tires Suppose the quantity x of Super Titan radial tires made available…
A: given that the equation is p-1x22=48 also price per tire is decreasing at the rate fo $6 per week
Q: . It is the satisfaction derived from the consumption of a commodity. A. Total utility…
A: Production means converting raw materials into finished goods. It means the goods and services are…
Q: Difference between the Partial equilibrium Approach and the general equilibrium Approach? Show their…
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Q: Suppose there is a firm with at least some market power that supplies the same product to two…
A: "There is a relation between price elasticity of demand and total revenue. With inelastic demand,…
Q: According to your text , if interest rates are allowed to vary more from year to year then________…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
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- How are the 10 decisions altered to build two distinct strategies in the same industry?Scenario One source of new-product ideas is competitors. When Steven Fischer recently joined Frankie and Alex Specialty Products as a brand manager, his new boss told him, “We don’t have a budget for new-product development. We just monitor our competitors’ new-product introductions and offer knockoffs of any that look like they will be successful.” Is this practice ethical?a. Perfectly competitive firms are profit maximiser. Use graph(s) and marginal analysis to explain how these firms determine their profit maximising output level. b. We all behave strategically when making decisions. Construct a game theory matrix and explain a strategic decision you made recently
- The sum total set of interrelationships that establish the manner in which competitors behave in an industry could be referred to as competitive dynamics.Required: 1. Briefly explain what competitive rivalry is? 2. Explain what competitive behaviour is and the three factors that drive competitive behaviour 3. With the aid of a diagram explain the model of competitive rivalry and how a strategist can use that understanding to develop strategies that facilitate the attainment of higher financial performance(b) True or false, explain your answer. "If all firms in an industry have identical variable cost, but each pays a different one-time fee to enter the market, all firms will produce identical quantities of output."O Price (AR) QUESTION 26 Why oligopoly firm earns abnormal profit in the long run, while a competitive firm earns normal profit only? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). В I A v Paragraph Arial 10pt x X2 田田田图 ABC Tave and Submit to save and submit. Click Save All Answers to save all answers. DELL Ex 田 田
- Latoya runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1 per poster. She has fixed costs of $250. Her variable costs are $1,500 for the first thousand posters, $1,200 for the second thousand, and then $800 for each additional thousand posters. Instructions: Enter your answers rounded to two decimal places. a. What is her AFC per poster (not per thousand!) if she prints 1,000 posters? What if she prints 2,000 posters? What if she prints 10,000 posters? b. What is her ATC per poster if she prints 1,000? What if she prints 2,000? Check my work What if she prints 10,000? c. If the market price fell to 75 cents per poster, would there be any output level at which Latoya would not shut down production immediately? (Click to select)The following graph depicts the costs incurred by a Local egg seller, Rahim. Rahim is faced with strong competitors who are selling exactly the same product. Use the graph to answer the following questions- Price/Cost per egg MC 12 ATC 8 MR3 AVC 6. MR2 MR1 Quantity 100 200 300 400 a)At what price will Rahim try to minimize loss by selling eggs in the market? b)At what price will there be a break-even point?Principle #4 tells us that people respond to incentives. Explain how this principle can be utilized by profit-oriented firms in formulating policies for their organizations. Provide examples.
- Question 2 The mobile phone landscape looks drastically different today than it did three decades ago. In 1983, Motorola accounted for seventy five percent of the mobile phone market. But by 2021, its market share had shrunk to just 2.2%. How did this happen, and how has the mobile industry changed over the last 30 years? In 1983, the Motorola launched one of the world's first commercially available mobile phones- the DynaTAC 8000X. Motorola went on to launch a few more devices over the next few years and quickly became a dominant player in the emerging industry. In the early days of the market, the company's only serious competitor was Finnish multinational Nokia. By the mid-1990s, other competitors like Sony and Siemens started to gain some solid footing, which chipped away at Motorola's dominance. In September 1995, the company's market share was down to 32.1%. By January 1999, Nokia surpassed Motorola as the leading mobile phone manufacturer, accounting for 21.4% of global market…At the start of the recession during early 2020 and 2021, land releases for owner- occupier (such as a 4 bedroom single-storey dwelling) housing were limited. Therefore, only few construction companies were in action as the costs of borrowing money from banks also slowly started decreasing. But there are no barriers to entry or exit in the construction industry such as for building owner-occupied housing. Explain with the help of a well-labelled diagram the profit and loss performance of a firm operating in the construction of a 4 bedroom single-storey dwelling in the construction industry between 2020 and 2021.What is a Process of Deciding on a Competitive Approach? What is a Strategic Thinking of Deciding on Competitive Scope? Why is it important?