Figure 10.2 The figure below shows the demand, marginal revenue, and marginal cost curves for a cartel. The cartel maximizes profits by allocating units of output among its members. Dollars per unit $10 $9 SSSSSK325 $4 $3 $2 $1 $8 Marginal Cost Demand D a. 58,000 Ob. 80,000 Marginal Revenue 20 30 40 50 60 70 80 Quantity per period (in thousands) c. 40,000 Od. 21,000 Check My Work
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- 5. What is the equilibrium price in this market?* 1 point $10 $9 $8 245 54 D. $31 60 70 30 40 50 Ouantity 0. 10 20 Price 00You are the recently appointed expatriate manager of a subsidiary of a large multi-nationalenterprise, located in a developing country in Africa. Your first project is to re-negotiate acontractual agreement with a longstanding local supplier. However, you have been madeaware that the local supplier is in final discussions with a rival company to gain exclusiveaccess to the same materials, which are essential for your company’s production processand supply chain. Discuss how you would approach the negotiations with the local supplier.In your response, you should describe the five (5) stages of negotiation.Mylan's Epipen from 2007 to 2016 How did certain laws and regulations make it possible for Mylan to increase the price of Epipen (consider both intellectual property laws and FDA regulations)? What were the results of the price increase, in terms of new competition from other companies producing epinephrine delivery products? Do these results (change in quantity produced, change in prices, availability of options) have any bearing on the ethics of Mylan's price increase?
- SLO 5.1. The use of the concepts of purchasing, procurement, supply, and supply chain management will vary from organization to organization depending on: The organization’s stage of development and/or sophisticationThe industry in which it operatesThe organization’s competitive positionThe organization’s stage of development and/or sophistication, the industry in which it operates, and the organization’s competitive positionThe organization’s stage of development and/or sophistication, and the industry in which it operates NEWSLO 5.2. Purchasing, supply management, and procurement are used interchangeably to refer to the: Integration of related functions to provide effective and efficient materials and services to the organizationTracing of a product or service through its various moves and transformations, and identifying the costs added at each successive stageA systems approach to managing the entire flow of information, materials, and services from raw materials suppliers…What are the main elements of the C-C-B Paradigm? Why are they important? Info: The C-C-B Paradigm refers to three essential components of the paradigm: the Company, the Country in which the company is operating and the Bargaining that will take place between the company and the country.correctly explain question and not copy paste Q) Give an example of policies that both the International Monetary Fund & World Bank should implement to fully rid the impoverishment in the Global South
- Corporation XYZ manufactures gadgets at a cost of 24.04 per unit. The market can accept several thousand items if the price was zero. The market will not be able to buy any items at the price of 118.08. What is the optimal price to sell items under these conditions?13 - According to Porter's 5 Forces Analysis, which force do the variables like "economies of scale", "switching costs" and "capital requirements" belong to? a) O Bargaining power of buyers b) O Threat of substitute products S1703 c) Threat of new entrants d) O Rivalry among existing firmsThe Gray Ferrari I t all got started when Robert L. Johnson had dinner at Mr. K’s Chinese restaurant with Michael Jordan of the Washington Wizards and David Falk, the leading sports agent. When the discussion turned to cars, Johnson mentioned his interest in getting a Ferrari. Both Falk and Jordan recommended their respective dealers but Johnson found the going tough. Only a select number of Ferraris are made annually, and the automaker limits how many are sold through U.S. dealers to about 1,000 units. In practice, anyone placing an order would have to wait over two years for delivery for a car that would cost $200,000 to $300,000 depending on the model. A New Jersey dealer had a Ferrari available, but, at $300,000, Johnson felt the price was too high. Michael Jordan’s dealer had a 360 Modena available for $160,000. Although he bought it, it was not exactly what he had wanted because the Modena is not a convertible. Franco Nuschese, the owner of Georgetown’s…
- Find the overall percentage change in the price of a good if it rises by 5% in a year but is then reduced by 30% in a sale. Select one: O a 25% O b. 26.5% Oc 35% C. O d. 73.5% O e. Cannot be determinedMarket Share of Firms in Industry 3 20 5 25 20 Industry 1 Alpha 30 Beta Kappa Delta 80 25 20 2 30 Multiple Choice 10 25 20 vertical merger. conglomerate merger. diagonal merger. 4 20 3 25 horizontal merger. 20 5 The table shows market shares of firms in hypothetical industries. Assume Beta is a key supplier of inputs to Alpha, but otherwise these are distinct industries with no buyer-seller relations or competition among them. A merger between Firm 2 in Alpha and Firm 3 in Beta would be an example of a 0 1 0 10 6 0 1 0 16Q5. Priceline.com is an online travel agency for finding discount rates for travel- related purchases such as airline tickets and hotel stays. The company facilitates the provision of travel services from its suppliers to its clients. Priceline's profit from the proceeds is the difference between the price suggested by a customer and the one charged by the service provider. It has also added a more traditional model, called Express Deals, where travelers have presented prices and a geographical perimeter within which the hotel will be located but are not told the name of the establishment. Determine in the above case how priceline.com will benefit most from different social networking platforms and tools?