Cascadia Industries estimates the demand for its product to be:

Qx = 380 - 10Px - 2Py + 3Pz + .1M, where M is income and Py and Pz are the prices of related goods. Py = $15, Pz = $50, and M = $5,000

a. The demand function for Cascadia’s product can be written

Qx = _______________________. The inverse demand function can be written Px=_________________., and marginal revenue is MR = ________________.

b. Cascadia would maximize sales revenues at a price of $_______________, and a quantity of _________________.

Now assume Px = $75

c. The quantity demanded is Q = ____________________.

d. The price elasticity of demand is _______________.

e. The cross-price elasticity of demand between good X and Good Z is Good Z is a ___________ (substitute, complement).

1. How does the coronavirus affect the aggregate demand curve and the equilibrium? Explain in terms of output production and unemployment?

2. What is Fiscal Policy? Identify one item in the $2 Trillion Stimulus Package. How will this affect the aggregate demand curve?

Please answer all.

84. Explain why marginal revenue is less than price for a monopolist.

85.   What are the reasons for preferring competition to monopoly?

Choose only 3 benefits of land being occupied by firms according to the principle of highest and best use (note that most of the options listed below do not arise from highest and best use):

a. Establishment of a working wage

b. Separation of industrial toxins from residential areas

c. Expanding tax base

d. Increased number of jobs

e. Vitality of locally owned businesses

f. Agglomeration

g. Improved community health

h. Greater potential for philanthropy

i. More complex division of labor

j. Situs

k. Balance of corporate businesses with smaller shops

A well-defined brand strategy is significant for firms with expansion goals. Also, a strong brand could be a powerful tool for a competitive edge to large or small companies.

• With this in mind, list four benefits of a strong brand to business organizations.
• We live in an ever-increasing globalized society. Reflect on the challenge of global branding.
• What are the benefits of globalizing a brand?
• What are the unique challenges to this type of branding and in your opinion, which areas of the world pose bigger challenges and why?

The Portfolio Assignment entry should be a minimum of 500 words and not more than 750 words. Use APA citations and references if you use ideas from the readings or other sources. This assignment will be graded by your instructor.

Please answer all.

82. What is the difference between the accountant's concept of profit and the economist's view of profit?

83.   Describe the types of entry barriers which can exist and their importance to the study of monopoly.

4. (a) Are business managers microeconomic or macroeconomic market participants? Explain. (b) Do most business managers have the market power to significantly change market conditions? Explain. (c) Provide an example of a microeconomic event that would affect firms. (d) Provide an example of a macroeconomic event that would affect firms. (e) Explain how a microeconomic view of international trade differs from a macroeconomic view of international trade.

1. What is a memo format and when it is used?

2. What is the purpose of an incident report? Give an example from a real-life situation that shows when an incident report should be written.

3. When writing a travel report, we need to have an introduction (the first paragraph or two paragraphs), a description of activity/service, a cost accounting, and a conclusion (assessment). Explain what the introduction and the conclusion should generally include in terms of their content.

4. Briefly explain what a short progress report generally includes? For what purposes is it used (mention two purposes)?

5. What is a meeting agenda and why is it needed for a meeting?

6. What is a meeting of minutes report and what is its purpose?  

7. What is the difference between a resume and an application (cover) letter? Mention at least two differences.

8. What should the introduction (first paragraph) in the application letter tell the reader?

9. What does a reverse chronological order in a resume mean?

10.Sometimes in a resume, you need to start with a (career) objective. Briefly explain what it is and what should tell the reader of your resume?

What are the instruments of regulation?

An entrepreneur has a venture that will make either $100 million or $0. The chance that this venture will make $100 million depends on the effort expended by the entrepreneur: If she tries hard, the chance of the $100 million outcome is 0.1. If she does not try hard, the chance of this outcome is 0.02. The entrepreneur is risk averse with utility function:

u(x) = sqrt(x) - disutility of effort

in other words X^1/2 - disutility of effort

where the disutility of effort is 0 if the entrepreneur does not try hard and 500 if she does.

a. Assuming this entrepreneur bears all the risk of this venture, will she try hard or not? What will be her expected utility, net of the disutility of effort (if any)?

b. A risk-neutral venture capitalist is prepared to support this venture. Specifically, the venture capitalist will pay the entrepreneur a base amount B up front, in return for which the venture capitalist will retain X out of the $100 million the venture generates, if the venture succeeds. Assuming this venture capitalist is the entrepreneur’s only alternative to going it alone (doing whatever you determined was the answer to part a), and assuming a venture capitalist can make part of his contract with the entrepreneur a specification of her effort level, what is the optimal contract of this sort for the venture capitalist to write? What will be the venture capitalist’s net expected monetary value with this contract?

c. Unhappily, the venture capitalist cannot contractually specify the effort level of the entrepreneur. If the venture capitalist wishes to motivate the entrepreneur to try hard, he must do this with the terms B and X in the contract he provides. What is the best contract for the venture capitalist to offer the entrepreneur, assuming that if the entrepreneur does not accept this contract, she is stuck going it alone on this venture?

Ecopower produces power in New York City according to a cost function of C(Q) = Q^2. The the demand for power in Oklahoma is p = 24−Q where p is the price per mega watt hour (MWh).
The Oklahoma Public Service Commission (PSC) is the regulatory agency for many essential services – electric, telephone, water, etc.

(a) If Ecopower were able to act as though it weren’t regulated, what would the deadweight loss be?
(b) What is the optimal monopoly regulated price that the PSC should set?
(c) What is the change in consumer surplus and producer surplus when Ecopower is regulated?

1. Draw three graphs that show the following:

1. How market price is determined in the long run for a perfectly competitive market.
2. How this market price determines the quantity produced in a perfectly competitive market in the long run (be precise with what other curves are intersecting at this quantity).
3. The market price and quantity produced in a monopoly. How do the price and quantity compare to a perfectly competitive market?

Contrast the reasons for mechanistic and organic structural models.

2. Explain the different types of partners and the importance of partnership agreements.

Suppose researchers undertake an audit study to measure discrimination. Explain the steps.