From the production and distribution strategy to cut costs, did the firm Biogen consider or identify...

From the production and distribution strategy to cut costs, did the firm Biogen consider or identify benefits from vertical integration?

Expert Solution

Rahul Sunny answered 2 years ago

Outsourcing and shifting production jobs or work assignments to another company to cut costs is a...

Outsourcing and shifting production jobs or work assignments to another company to cut costs is a controversial topic. When those jobs are moved to another county it is can be called global outsourcing or offshoring. Are you an advocate for global outsourcing or are you against the strategy? Briefly explain why you chose that answer and provide a specific example to help explain your answer.

(a) What were the fixed costs of production for the firm?

Output per month Price Total Revenue Total Cost Total Profit Marginal Revenue* Marginal Cost* Average Total Cost Profit per Unit (Price Minus Average Cost) 0 $ 1,000 $ 0 $ 60,000 -$60,000 - - - - 100 1,000 100,000 90,000 10,000 $ 1,000 $ 300 $900 $100 200 1,000 200,000 130,000 70,000 1,000 400 650 350 300 1,000 300,000 180,000 120,000 1,000 500 600 400 400 1,000 400,000 240,000 160,000 1,000 600 600 400 500 1,000 500,000 320,000 180,000 1,000 ...

Team production is the lower costs resulting from organizing a firm versus using the market to...

Team production is the lower costs resulting from organizing a firm versus using the market to coordinate production. the product that results from market activity. a production process with decreasing costs per unit as production increases. a production process with individuals specializing in mutually supportive tasks. the cost of organizing an assembly line.

Company -TESLA MOTORS -Examine the costs of production for your firm. a) Analyze the various costs...

Company -TESLA MOTORS -Examine the costs of production for your firm. a) Analyze the various costs a firm faces, their trends over time, and how they have impacted your firm’s profitability. b) Apply the concepts of variable and fixed costs to your firm for informing its output decisions. For instance, analyze how different kinds of costs (labor, research and development, raw materials) affect the firm’s level of output. V. Explore the overall market for your firm. a) Discuss the market...

Please identify the channel system/ distribution strategy used by the start-up business of accounting and evaluate...

Please identify the channel system/ distribution strategy used by the start-up business of accounting and evaluate its appropriateness. If the start-up accounting business doesn’t require distribution strategy, focus your argument on the location of the start-up business. How the start-up’s place strategy creates superior value? Promotion Strategy: Identify the promotion strategy used by the start-up business and assess the appropriateness of the strategy to the target market. How the start-up’s promotion strategy create superior value?

Consider a perfectly competitive firm with total costs ?? = ? + ?? + ??2 a)...

Consider a perfectly competitive firm with total costs ?? = ? + ?? + ??2 a) Identify the fixed cost ??, and the variable cost of this firm, ??(?). (Each of them is just a part of the total cost.) b) Find the average cost ??(?), and the marginal cost ??(?). c) Long-run supply. Find the minimum of the ??(?) curve, which constitutes the “shut- down price” in a long-run setting. Use this “shut-down price” to describe the firm’s long-run...

Consider a perfectly competitive firm with total costs ?? = ? + ?? + ?? 2...

Consider a perfectly competitive firm with total costs ?? = ? + ?? + ?? 2 a) Identify the fixed cost ??, and the variable cost of this firm, ??(?). (Each of them is just a part of the total cost.) b) Find the average cost ??(?), and the marginal cost ??(?). c) Long-run supply. Find the minimum of the ??(?) curve, which constitutes the “shutdown price” in a long-run setting. Use this “shut-down price” to describe the firm’s long-run...

Consider a perfectly competitive firm with total costs ?? = ? + ?? + ?? ^2...

Consider a perfectly competitive firm with total costs ?? = ? + ?? + ?? ^2 a) Identify the fixed cost ??, and the variable cost of this firm, ??(?). (Each of them is just a part of the total cost.) b) Find the average cost ??(?), and the marginal cost ??(?). c) Long-run supply. Find the minimum of the ??(?) curve, which constitutes the “shutdown price” in a long-run setting. Use this “shut-down price” to describe the firm’s long-run...

Consider the following costs associated with pharmaceutical drug production. Which of the following are variable costs...

Consider the following costs associated with pharmaceutical drug production. Which of the following are variable costs and which are fixed costs? a) Research and development b) Manufacturing costs c) Market costs

Exercise 1. Firm Supply in the Short Run Consider a firm with the following production function:...

Exercise 1. Firm Supply in the Short Run Consider a firm with the following production function: y=L½K½. The cost function is C=w∙L+r∙K. In the short-run the input K is given at K=100. What is the short-run production function y(L)? Let w=0.1 and r=1. What is the cost function C(y)? Using the expression y(L) you found in part a, transform it into L(y) and plug it into the cost function C(L) to get C(y). Was a minimization necessary? Why or why...

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