San Diego State University Ma

I’m working on a finance multi-part question and need an explanation to help me learn.

I.

Problems (Please show all work and remember to label all graphs!)

1) Marginal Analysis

You are the manager of GetMoney Inc. and you produce cardboard boxes.
Suppose that you hired a consultant for your company to estimate the demand for
your cardboard boxes. You collect data on the price and quantity of boxes sold and
send it to your consultant, who then estimates the inverse demand equation as P = 11
– (2.5)*Q. Please also assume that you have a fixed cost of $1 and that the variable
cost as estimated by your consultant is V(Q) = 5Q + (0.5) ∗ 𝑄2.

  1. a) What is the quantity that maximizes profits based upon the above information?
    What are the corresponding maximum profits that you can earn? (Please use
    graphs to support your answer.)
  2. b) At the quantity that maximizes net benefit, are marginal benefits positive,
    negative, or zero? At this quantity, would you recommend increasing production
    in order to increase net benefits? Why or why not. (Please use graphs to support
    your answer).
  3. c) Are marginal benefits equal to zero at this quantity? Why or why not?

1

2) Supply and Demand/Demand Analysis

Suppose that your analyst estimates the demand equation for good X as given
below:

𝑄𝑥 =12−𝑃 −𝑃 −2𝑃 +2𝑀
𝑑𝑥𝑦𝑧

Good X sells for $2 per unit, good Y sells for $1 per unit, good Z sells for $1 per unit,
and consumer income is $5.

  1. Please indicate whether good Y and Z are complements or substitutes and include in
    your response whether you think it is possible for a single good to have multiple
    complements or substitutes. If you answer yes to this question, please provide a real-
    world scenario in which this situation would hold.
  2. Using the information provided by your analyst, please determine the demand
    equation. (Please use graphs to support your answer).
  3. Please calculate the own price elasticity of demand for good X. Is the demand for
    good X elastic, inelastic, or unit elastic? (Please use graphs to support your answer
    and indicate the region of the demand equation on the graph from part b in which
    your calculation of own-price elasticity lies.)

II. Essays
3) Supply and Demand

For this question, please find an article from a mainstream news source that
discusses the effect of supply and demand shocks on prices in the market for the
product. Please also discuss whether you think that the graphs and noted shocks
are consistent with the zoom lecture on supply and demand regarding price effects.
(please use graphs to support your answer).

4) Elasticity of demand

For this question, please find an article from a mainstream news source that
covers the topic of elasticity of demand, which highlights the importance of
elasticity of demand, prices, and revenues and discuss how these three concepts
are related within the context of the article. (please use graphs to support your
answer).

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San Diego State University Ma

The world around us is changing each and every day and those decisions greatly affect our lives as nutrition students and food service professionals. It is important for us to be aware of the events that are going on around us locally and nationally and how they are affecting our industry. 

  1. Select a current event article and/or topic that relates to food service, food service management, or any topic that can be related back to ideas being discussed in this class . 
  2. Post a link to this article.
  3. Create a five paragraph write-up with the link to the article that discusses the following items:
    • Summarize the article.
    • How does this topic relate to food service, management, or other topics related to this course.
    • How will this news affect the food service world and/or food service profession?
    • Why did you pick this topic? What interested you about it? 
    • Do you agree with what the article is saying? State your opinions on the topic.

Writing Expectations

The purpose of Discussion Boards in this course is for you to demonstrate your understanding of the material. This can only be done if you are using your own words to show me, the instructor, that you have read, analyzed and interpreted the information. Work that is plagiarized, duplicated, or not properly cited may receive a zero.

You may look to the text or other resources for answers and explanations to a discussion board topic. However, when writing your Discussion Board submission I expect you to use the text or other resources to support your answer. In order to support your understanding of the expectations for discussion board postings, I have included a list of guidelines to follow while posting. Failure to follow these guidelines may result in a grade of “0” for the assignment and/or further disciplinary procedures if necessary.

Use the concept of the 4 E’s to demonstrate specific and sufficient knowledge and understanding. 

The 4 E’s represent four questions that almost always need answering as you write:

  1. Can you provide an EXAMPLE of that?
  2. Can you give an EXPERIENCE to illustrate that?
  3. Can you EXPLAIN that further?
  4. Can you give EVIDENCE to support that?

Do not use direct quotations but try to summarize information using your own wording and voice.

Always cite your sources as follows when using the internet or text.

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Problems

1)Competition: Pure, Monopolistic, Monopoly

You are the manager of GetMoney Inc and you produce cardboard boxes. Suppose that you hired a consultant for your company to estimate the demandfor your cardboard boxes. Your consultant determines that you are operating your business in a monopolistically competitive environment. You collect data on the price and quantity of boxes sold and send it to your consultant, who then estimates the inverse demand equation as P= 7–(1.5)*Q. Please also assume that you have a fixed cost of $1and that the variable cost as estimated by your consultant is V(Q) = 3Q + (0.5)??2.

a)What is the quantity that maximizes profitsbased upon the above information? What are the corresponding maximum profitsthat you can earn?(Please use graphs to support your answer.)

b)Considering your answer to part a, would you conclude that the profits that you earned were made over the short-run or long-run? What happens in the long-run to your profits in this type of market structure?(Please use graphs to support your answer).

c)Considering your answer to part b, what would you expect to happen to your profits if you operated your business in a monopoly? Why or why not?

2) Productionprocessesand cost theoryYou are an efficiency expert hired by a manufacturing firm that uses K and L as inputs. The firm produces and sells a given output. If w = $5, r = $11, MPL= 40, and MPK= 60.2

a.Please indicate whether your firm is employing the optimal mix of labor and capital.(Please use graphs to support your answer.)

b.Considering your answer in part a, if you concluded that your firm is not using the optimal mix of labor and capital, what must your firm do in order to employ the proper mix of labor and capital? (Please use graphs to support your answer.)

II. Essays

3) Production theory and cost processesFor this question, please find an article from a mainstream news source pertaining to the same firm you selected for your term project that discusses economies of scale and scopein the market forthe product.Please also discuss whether you think that the graphs and noted shocks are consistent with the zoom lecture on this topic. (please use graphs to support your answer).

4) Oligopoly and Game theory, pricing topicsORcompetition: Pure, Monopolistic, MonopolyFor this question, please consider the following four market structures that we covered in the zoom lectures: Pure competition, Monopolistic competition, monopoly, and oligopoly. Please select one product market that the firm you selected for your term project operates in. Of the above four market structures, which one does your firm operate within regardingits operation in this market? (Please find an article from a mainstream news source that support your answer)

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