What are the benefits of Business Intelligence by Amazon and, the challenges they faced in implementing and using BI?
In: Economics
Two firms compete in a market to sell a homogeneous product with inverse demand function P = 400 – 2Q. Each firm produces at a constant marginal cost of $50 and has no fixed costs -- both firms have a cost function C(Q) = 50Q.
If the market is defined as a Bertrand Oligopoly, what is the market price?
Refer to the information above.
What is the total amount of Q produced in this market?
How much does firm 1 produce? (Round to one decimal place)
In: Economics
In: Economics
1. Depict Two currency markets graphs: the Japanese Yen and the U.S. Dollar, setting up the two markets in initial equilibrium. Next to the supply curve and the demand curve state who is on the supply curve in each market and who is on the demand curve in each market.
2. Assume there is an increased preference among U.S. consumers for Japanese electronic goods because of a perceived superior quality. Copy number 1 graphs and reflecting this change. MAKE THEM SEPARATE FROM NUMBER 1.
In: Economics
Consider a monopolistic market with the following inverse demand curve: P=z(32-Q) where z is the quality level. Suppose that the marginal production cost of output is independent of quality and equal to 0. The cost of quality is C(z)=8z2.
a) (6 pts.) Calculate the production level that would maximize profits.
b) (7 pts.) Calculate the quality level that would maximize profits.
In: Economics
The reserve requirement rate is 5%. A bank’s deposits are $200 and it is holding $25 in reserves. Then,
The required reserves are $10 |
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The excess reserves are $15 |
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The money multiplier is 20 |
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(a), (b) and (c) are correct |
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(a) and (b) are correct |
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(a) and (c) are correct |
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(b) and (c) are correct |
In: Economics
describe and critique the budget processes that are used for that organization. budgeting , forecasting, and compare
In: Economics
The total cost function of a perfectly competitive firm is TC= 12+2q^2+4q. What is the firm's optimal quantity at a market price of $12? If over time, the firm could exit and not pay its fixed cost, what would the optimal quantity be?
In: Economics
In: Economics
I have to write a Tourism Site Analysis research paper. There are very strict guidelines. Can someone share a sample of what's a tourism analysis looks like? I can't find anything on google. I already picked my site.
In: Economics
List the items that Governor Abbott identified as emergency items in his 2019 State of the State Address and explain why they were thus identified.
In: Economics
In the absence of international trade, assume that the equilibrium price and quantity of motorcycles in Canada is $14,000 and 10 units respectively. Assuming that Canada is a small country that is unable to affect the world price of motorcycles, suppose its market is opened to international trade. As a result, the price of motorcycles falls to $12,000 and the total quantity demanded rises to 14 units; out of this total, 6 units are produced in Canada while 8 units are imported. Now assume that the Canadian government levies an import tariff of $1,000 on motorcycles. With the tariff, 8 units are produced in Canada and the quantity demanded is 12 units. Refer to the above information and answer the following: (i) What is the price of imported motorcycles as a result of the tariff. (ii) Calculate the tariff redistribution and revenue effect. (iii) What is the deadweight welfare loss for Canada?
In: Economics
Come on now, get a job. In this activity, you will select a country and explore the concepts of unemployment and the phases of the business cycle as it relates to the economic well being of your selected country.
Locate a recent article (published within the last year) that addresses the unemployment theory and unemployment rate of your selected country.
You can use the Hunt Library, newspapers, new stations, or other credible sources to locate an article. Analyze your selected country's unemployment rate and how the key economic indicators align with the current phase of the business cycle. Include the following in your discussion.
Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.
In: Economics
You are the manager of a firm that manufactures front and rear windshields for the automobile industry. Due to economies of scale in the industry, entry by new firms is not profitable. Toyota has asked your company and your only rival to simultaneously submit a price quote for supplying 100,000 front and rear windshields for its newest version of the Highlander. If both you and your rival submit a low price, each firm supplies 50,000 front and rear windshields and earns a zero profit. If one firm quotes a low price and the other a high price, the low-price firm supplies 100,000 front and rear windshields and earns a profit of $11 million and the high-price firm supplies no windshields and loses $2 million. If both firms quote a high price, each firm supplies 50,000 front and rear windshields and earns a $6 million profit.
a) Determine your optimal pricing strategy if you and your rival believe that the new Highlander is a “special edition” that will be sold only for one year. Show completed game table with all elements in it.
b) Is this an example of a prisoner's dilemma? Explain.
c) If you and your rival were required to resubmit price quotes year after year and if, in any given year, there was a 58 percent chance that Toyota would discontinue the Highlander, what would be equilibrium strategy? Is Collusion occur? Explain your decision by showing a profit of cooperation and profit of cheating.
In: Economics