Questions
BYOB is a monopolist in beer production and distribution in the imaginary economy of Hopsville. Suppose that BYOB cannot price discriminate; that is, it sells its beer at the same price per can to all customers.

 4. Profit maximization and loss minimization

 BYOB is a monopolist in beer production and distribution in the imaginary economy of Hopsville. Suppose that BYOB cannot price discriminate; that is, it sells its beer at the same price per can to all customers. The following graph shows the marginal cost (MC), marginal revenue (MR), average total cost (ATC), and demand (D) for beer in this market.

 Place the black point (plus symbol) on the graph to indicate the profit-maximizing price and quantity for BYOB. If BYOB is making a profit, use the green rectangle (triangle symbols) to shade in the area representing its profit. On the other hand, if BYOB is suffering a loss, use the purple rectangle (diamond symbols) to shade in the area representing its loss.

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 Suppose that BYOB charges $2.75 per can. Your friend Paolo says that since BYOB is a monopoly with market power, it should charge a higher price of $3.00 per can because this will increase BYOB's profit.

 Complete the following table to determine whether Paolo is correct.

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 Given the earlier information, Paolo _______  correct in his assertion that BYOB should charge $3.00 per can.

 Suppose that a technological innovation decreases BYOB's costs so that it now faces the marginal cost (MC) and average total cost (ATC) given on the following graph. Specifically, the technological innovation causes a decrease in average fixed costs, thereby lowering the ATC curve and moving the MC

 curve.

 Place the black point (plus symbol) on the following graph to indicate the profit-maximizing price and quantity for BYOB. If BYOB is making a profit, use the green rectangle (triangle symbols) to shade in the area representing its profit. On the other hand, if BYOB is suffering a loss, use the purple rectangle (diamond symbols) to shade in the area representing the loss.

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In: Economics

An example of a manager exhibiting transformational leadership is Kathy Savitt, founder and chief executive officer...

An example of a manager exhibiting transformational leadership is Kathy Savitt, founder and chief executive officer of Lockerz. The company operates an e-commerce website that uses social networking tools to engage teens in shopping online. Teens who visit the site can help themselves and their friends earn points toward discounts on the merchandise by clicking images of the items and viewing various kinds of promotional content. The company grew out of Savitt’s passion for serving this young demographic group. Savitt has a vision not only for the company’s place as an Internet marketer but also for the kind of company it should be for its employees. Her vision is of a business in which the employees respect one another and are fearless about innovation. In hiring, Savitt seeks people who not only are highly intelligent but also listen attentively, demonstrate respect for others, and can laugh at themselves. She models her vision of the workplace by addressing problems and setbacks frankly and with a focus on solutions, saying it takes courage to work through failure. Savitt expresses confidence that by bringing in people who have talent plus a drive to contribute, she can create a company culture that avoids cynical practices she has experienced at other companies in the past. For example, she has seen business meetings that play a kind of stump-the-chump game, in which if one employee tries to answer a question or offer an idea, others pile on with criticism. Savitt believes she can avoid that by communicating the values of courage, innovation, and results.

1) What kind of behaviour does Savitt exhibit in her actions?

Transformational leader or a transactional leader?

What effects does it have on her team?

2) What is the difference between transformational leadership and transactional leadership

3) What are different types of powers? Explain each with an example

In: Operations Management

What is the shape of the current Yield Curve as of July 2020?

What is the shape of the current Yield Curve as of July 2020?

In: Finance

What is McCormick & Company current SWOT Analysis in 2020

What is McCormick & Company current SWOT Analysis in 2020

In: Operations Management

Dubai Expo 2020 How Dubai win the bid?

Dubai Expo 2020

How Dubai win the bid?

In: Operations Management

M.R., a 59-year-old man, has been seen several times complaining of tremor in his hands that eventually made it difficult for him to work as a computer programmer.

Please read the following case study. Submissions should follow the Case Study Rubric (see below).

M.R., a 59-year-old man, has been seen several times complaining of tremor in his hands that eventually made it difficult for him to work as a computer programmer. A diagnosis of essential tremor was made, and he was prescribed propranolol (Inderal) 20 mg twice daily. M.R. had good effects with the drug and had no further problems until the following June, when acute respiratory distress developed while he was picnicking in a state park with his family. On the way to the emergency room, he suffered an apparent respiratory arrest. He was admitted to the hospital and placed in the respiratory intensive care unit. It was found that M.R. had a history of hay fever and allergic rhinitis during the pollen season but had never experienced such a severe reaction.

Question 1: Why did M.R. have such a severe reaction?

Question 2:  What appropriate measures should be taken to ensure that M.R. recovers fully and does not re-experience this event ?

Question 3: What might you want to teach M.R. about this drug and its potential adverse effects?

Question 4: Using layman's terms, how do you explain to M.R. what happened; and how this situation will be avoided in the future.

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All of the following requirements must be present to potentially receive full points for the Case Studies:

Include:

  • Introduction
  • Statement / Summary of the Problem
  • Solutions or Recommendations / Answers to the questions
  • Minimum of 3 scholarly references (less than 5 years old)

- Must be a minimum of 2 pages (not including title page or reference page)

In: Nursing

The current December 2020 copper futures contract has a futuresprice of 3.0620 per pound. The...

The current December 2020 copper futures contract has a futures price of 3.0620 per pound. The current December 2021 copper futures contract has a futures price of 3.0895 per pound. T-Bill rate is 0.13% per year. Storage costs about $.05 per pound per year. What is the implied convenience value from December 2020 to December 2021?

In: Finance

Prepare journal entries for the following transactions: a. A machine that cost $10,000 with a residual...

Prepare journal entries for the following transactions: a. A machine that cost $10,000 with a residual value of $2,000 is fully depreciated and discarded. b. A machine purchased on January 1, 2020 for $20,000, with a useful life of 4 years, and a residual value of $4,000, is sold on April 1, 2020 for $8,000. Use the straight-line method. c. A machine that cost $15,000, has accumulated depreciation of $12,000 is sold for $5,000.

In: Accounting

On June 1, 2020, Pitt Corp sold merchandise with a list price of P50,000 to Bull...

On June 1, 2020, Pitt Corp sold merchandise with a list price of P50,000 to Bull on account. Pitt allowed trade discounts of 30%, 20%, and 10%. Credit terms were 2/15, n/40 and the sale was made FOB destination. Bull paid P2,000 of delivery costs. On June 12, 2020, how much did Pitt receive from Bull as full payment?

In: Accounting

Your company sells a product bundle that includes software and a 3 year service contract for...

Your company sells a product bundle that includes software and a 3 year service contract for $100,000, The company installed the software on July 1, 2020, and the client paid $50,000 cash. The balance is due on December 31, 2020. What if:

(a) the performance obligations are interdependent and cannot be separated out or sold separately.

(b) the performance obligations are not interdependent ( The service contract is sold separately for $25,000 and the software for $100,000.)

In: Accounting