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Question;Week3 assignment 1;Assignment 1: Demand Estimation;Due Week 3 and worth 200 points;Imagine;that you work for the maker of a leading brand of low-calorie microwavable food;that estimates the following demand equation for its product using data from 26;supermarkets around the country for the month of April.;For;a refresher on independent and dependent variables, please go to Sophia?s;Website and review the Independent and Dependent Variables tutorial, located athttp://www.sophia.org/tutorials/independent-and-dependent-variables--3.;Note: Your professor will provide you;with the equation and data necessary for you to complete this assignment. You will;find this information attached to Assignment 1 within the course shell.;Write a four to six (4-6) page paper in which you;1. Compute the elasticities for each independent variable. Note: Write down all of your calculations.;2. Determine the implications for each of the computed elasticities for the;business in terms of short-term and long-term pricing strategies. Provide a;rationale in which you cite your results.;3. Recommend whether you believe that this firm should or should not cut;its price to increase its market share. Provide support for your;recommendation.;4. Assume that all the factors affecting demand in this model remain the;same, but that the price has changed. Further assume that the price changes are;100, 200, 300, 400, 500, 600 dollars.;1. Plot the demand curve for the firm.;2. Plot the corresponding supply curve on the same graph using the supply;function Q = 5200 + 45P with the same prices.;3. Determine the equilibrium price and quantity.;4. Outline the significant factors that could cause changes in supply and;demand for the product. Determine the primary manner in which both the;short-term and the long-term changes in market conditions could impact the;demand for, and the supply, of the product.;5. Indicate the crucial factors that could cause rightward shifts and;leftward shifts of the demand and supply curves.;6. Use at least three (3) quality academic resources in this assignment. Note: Wikipedia does not qualify as an academic;resource.;Your assignment must follow these formatting requirements;?;Be typed, double spaced, using Times;New Roman font (size 12), with one-inch margins on all sides, citations and;references must follow APA or school-specific format. Check with your professor;for any additional instructions.;?;Include a cover page containing the;title of the assignment, the student?s name, the professor?s name, the course;title, and the date. The cover page and the reference page are not included in;the required assignment page length.;The specific course learning outcomes associated with this assignment;are;?;Analyze how production and cost;functions in the short run and long run affect the strategy of individual;firms.;?;Apply the concepts of supply and;demand to determine the impact of changes in market conditions in the short run;and long run, and the economic impact on a company?s operations.;?;Use technology and information;resources to research issues in managerial economics and globalization.;?;Write clearly and concisely about;managerial economics and globalization using proper writing mechanics.;Option 1Note: The following is a regression;equation. Standard errors are in parentheses for the demand for widgets.;QD;= - 5200 - 42P +;20PX + 5.2I +.20A +.25M;(2.002) (17.5) (6.2) (2.5);(0.09) (0.21);R2 = 0.55 n =;26;F = 4.88;Your;supervisor has asked you to compute the elasticities for each independent;variable. Assume the following values for the independent variables;Q;= Quantity demanded;P (in cents);= Price of the product =;500;PX (in cents);= Price of leading;competitor?s product = 600;I (in dollars);= Per capita income of;the standard metropolitan statistical area;(SMSA) in which the supermarkets are located = 5,500;A (in dollars);= Monthly advertising;expenditures = 10,000;M;= Number of microwave;ovens sold in the SMSA in which the;supermarkets are located = 5,000;Week 6 assignment 2;Assignment;2: Operations Decision;Due;Week 6 and worth 300 points;Using the;regression results and the other computations from Assignment 1, determine the;market structure in which this frozen, low-calorie microwavable food company;now operates.;[In;assignment #1, the company estimated a demand curve and used a marginal cost;curve as its supply curve. You determined the equilibrium in the market where P;=MC [or Qs = Qd]. You calculated the various elasticities using the estimated;demand at its current price of 500 cents. While not required, if you look at;the own price elasticity at the equilibrium price and quantity solved for in;Assignment #1 you will notice a problem for the firm if it thinks it is;operating in a competitive market.;Now that you;know that the firm faces a downward sloping demand curve and that it has;pricing power, you are being asked to rethink how the firm should behave in the;market as it actually used its pricing power to determine the profit maximizing;price and output in this assignment.;Use the;Internet to research two (2) leading competitors in the low-calorie;microwavable food industry, and take note of their pricing strategies;profitability, and their relationships within this industry (within the USA and;worldwide). Use the IBIS Report for the Frozen Food Production Industry (SIC;Code 31141) to be provided by your instructor.;Write;a six to eight (6-8) page paper in which you;1. Outline a plan that will assess the;impact of the market structure/cost data based on the activity in the first;assignment for the company?s operations. Use a supply curve of the following;form to reexamine your conclusions from the first assignment: Qs = -7909.89;+79.0989P [OR MC = 100 + 0.01264Q]. This new supply curve gives you the same;equilibrium price and quantity as before, but is based on the firm?s marginal;cost curve and its behavior in Assignment #1.;Further assume that;the estimate of the firm?s AVC = 100 + 0.009Q and that VC/TC =0.71 always;[implying that FC/TC = 0.289]. These are the industry average estimates from;the IBIS report for this industry.;2. Suppose the business operations have;now changed from the market structure analyzed in the activities required for;the first assignment due to this new data about costs. Determine two (2) likely;factors that might have caused the changed behavior. Predict the primary manner;in which this change would likely impact business decisions in the new market;environment.;3. Analyze the major short-run and;long-run production and cost functions implied by this new cost data for the;frozen, low-calorie microwaveable food company. Use the information contained;in the IBIS report. Suggest substantive ways in which the frozen, low-calorie;food company may use this information in order to make decisions in both the;short-run and the long run.;4. Determine the possible circumstances;under which the company should discontinue operations. While no specific fixed;or total cost data are provided, use the newly provided cost data above and;your knowledge from the textbook on the relation of fixed and variable costs to;revenue to develop estimates that might suggest key actions that management;should take in order to confront these circumstances. Provide a rationale for;your response.;5. Suggest one (1) pricing policy that;will enable your frozen, low-calorie microwavable;food company to maximize profits. Provide a rationale for your suggestion that;will involve comparison of the first assignments two possible price and;quantity pairs with the new optimum presented here in Assignment #2;6. Outline a plan, [based on the original;information provided in the first assignment along with the IBIS report;industry cost data for the firm], that the company could use in order to;evaluate its financial performance. Consider all the key drivers of;performance, such as company profit or loss for both the short term and long;term, and the fundamental manner in which each factor influences managerial;decisions.;7. Recommend two (2) actions that the;company could take in order to improve its profitability and deliver more value;to its stakeholders in line with the recent history and forecast future;behavior for the Frozen Food Production Industry [SIC Code 31141] as outlined;in the IBIS report. Outline, in brief, a plan to implement your;recommendations.;8. Use at least five;(5) quality academic resources in this assignment. Note: Wikipedia;does not qualify as an academic resource.;Your;assignment must follow these formatting requirements;?;Be;typed, double spaced, using Times New Roman font (size 12), with one-inch;margins on all sides, citations and references must follow APA or;school-specific format. Check with your professor for any additional;instructions.;?;Include;a cover page containing the title of the assignment, the student?s name, the;professor?s name, the course title, and the date. The cover page and the;reference page are not included in the required assignment page length.;Week 9 assignment 3;Click;the link above to submit your assignment.;Students, please view the "Submit a Clickable Rubric Assignment" in;the Student Center.;Instructors, training on how to grade is within the Instructor Center.;Assignment 3: Long-Term Investment;Decisions;Due Week 9 and worth 300 points;Assume;that the low-calorie microwavable food company from Assignments 1 and 2 wants;to expand and has to make some long-term capital budgeting decisions.;Use;the Internet and Strayer databases to research government policies and;regulation.;Write;a six to eight (6-8) page paper in which you;1. Outline a plan that;managers in the low-calorie microwaveable food company could follow when;selecting pricing strategies for making their products as inelastic as;possible. Provide a rationale for your response.;2. Examine the major;effects that government policies have on production and employment. Predict the;potential effects that government policies could have on your company.;3. Determine whether;or not government regulation to ensure fairness in the low-calorie microwavable;food industry is needed. Cite the major reasons for government involvement in a;market economy. Provide two (2) examples of government involvement in a similar;market economy to support your response.;4. Examine the major;complexities that would arise under expansion via capital projects. Propose key;actions that the company could take in order to prevent or address these;complexities.;5. Suggest the;substantive manner in which the company could create a convergence between the;interests of stockholders and managers. Indicate the most likely impact to;profitability of such a convergence. Provide two (2) examples of instances that;support your response.;6. Use at least five;(5) quality academic resources in this assignment.Note: Wikipedia;does not qualify as an academic resource.;Your;assignment must follow these formatting requirements;?;Be;typed, double spaced, using Times New Roman font (size 12), with one-inch;margins on all sides, citations and references must follow APA or;school-specific format. Check with your professor for any additional;instructions.;?;Include;a cover page containing the title of the assignment, the student?s name, the;professor?s name, the course title, and the date. The cover page and the;reference page are not included in the required assignment page length.;The;specific course learning outcomes associated with this assignment are;?;Propose;how differences in demand and elasticity lead managers to develop various;pricing strategies.;?;Analyze;the economic impact of contracting, governance and organizational form within;organizations.;?;Use;technology and information resources to research issues in managerial economics;and globalization.;?;Write;clearly and concisely about managerial economics and globalization using proper;writing mechanics.

 

Paper#57493 | Written in 18-Jul-2015

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