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ECO 550 STUDY Perfect Education/eco550study.com

FOR MORE CLASSES VISIT<br>www.eco550study.com<br>Chapter 9—Applications of Cost Theory<br> <br>MULTIPLE CHOICE<br> <br>1. Evidence from empirical studies of short-run cost-output relationships lends support to the:<br> <br>2. The short-run cost function is:<br> <br>3. Theoretically, in a long-run cost function:<br> <br>4. Break-even analysis usually assumes all of the following except:<br> <br>5. What is another term meaning the degree of operating leverage?<br> <br>6. In a study of banking by asset size over time, we can find which asset sizes are tending to become more prominent. The size that is becoming more predominant is presumed to be least cost. This is called:<br> <br>7. George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost

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ECO 550 STUDY Perfect Education/eco550study.com

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  1. ECO 550 STUDY Perfect Education/eco550study.com For more course tutorials visit www.eco550study.com

  2. ECO 550 Final Guide (All Possible Questions) FOR MORE CLASSES VISIT www.eco550study.com Chapter 9—Applications of Cost Theory MULTIPLE CHOICE 1. Evidence from empirical studies of short-run cost-output relationships lends support to the: 2. The short-run cost function is: 3. Theoretically, in a long-run cost function: 4. Break-even analysis usually assumes all of the following except: 5. What is another term meaning the degree of operating leverage?

  3. ECO 550 Midterm Part 1 and 2 (All Possible Questions) FOR MORE CLASSES VISIT www.eco550study.com Chapter 1—Introduction and Goals of the Firm MULTIPLE CHOICE 1. The form of economics most relevant to managerial decision-making within the firm is:2. If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable if:3. In the shareholder wealth maximization model, the value of a firm's stock is equal to the present value of all expected future ____ discounted at the stockholders' required rate of return.4. Which of the following statements concerning the shareholder wealth maximization model is (are) true?

  4. ECO 550 Midterm Part 1 FOR MORE CLASSES VISIT www.eco550study.com Question 1  Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT:      Question 2  In the shareholder wealth maximization model, the value of a firm's stock is equal to the present  value of all expected future ____ discounted at the stockholders' required rate of return. Question 3 

  5. ECO 550 Midterm Part 2 FOR MORE CLASSES VISIT www.eco550study.com Question 1  The forecasting technique which attempts to forecast short-run changes and makes use of economic  indicators known as leading, coincident or lagging indicators is known as: Question 2  Consumer expenditure plans is an example of a forecasting method. Which of the general categories  best described this example?

  6. ECO 550 Week 1 DQ 1 Fundamental Economic Concepts FOR MORE CLASSES VISIT www.eco550study.com "Fundamental Economic Concepts" Please respond to the following:Answer the following DQs based on the Katrina’s Candies scenario:From the scenario for Katrina’s Candies, examine the key factors affecting the demand for and the supply of a good in general and Katrina’s Candies specifically. Distinguish between a change in demand and a change in the quantity demanded (movement along the demand curve).From the above, indicate the factors that are responsible for a shift in demand; and explain how the change is effected by these factors.Indicate the factors that are responsible for a shift in supply; and explain how the change is affected by these factors.

  7. ECO 550 Week 1 DQ 2 Supply and Demand FOR MORE CLASSES VISIT www.eco550study.com From the e-Activity, examine the key factors that influence the supply and demand of the selected good in general and Katrina’s Candies specifically.  Propose two (2) methods in which organizations that provide the good may utilize this information. Provide a rationale for your response.

  8. ECO 550 Week 1-11 All DQs FOR MORE CLASSES VISIT www.eco550study.com ECO 550 Week 1 DQ 1 Fundamental Economic Concepts ECO 550 Week 1 DQ 2 Supply and Demand ECO 550 Week 2 DQ 1 Estimating Demand ECO 550 Week 2 DQ 2 Estimating Elasticity of Demand ECO 550 Week 3 DQ 1 Managing in the Global Economy ECO 550 Week 3 DQ 2 Outsourcing Offshore ECO 550 Week 4 DQ 1 Production Economics ECO 550 Week 4 DQ 2 Production Decisions ECO 550 Week 5 DQ 1 Applications of Cost Theory

  9. ECO 550 Week 2 DQ 1 Estimating Demand FOR MORE CLASSES VISIT www.eco550study.com "Estimating Demand" Please respond to the following: From the scenario for Katrina’s Candies, examine the procedure Herb will use to estimate the demand model developed in the scenario for Week 1.  Determine the meaning, relevance, and importance for a manager interpreting the regression results.

  10. ECO 550 Week 2 DQ 2 Estimating Elasticity of Demand FOR MORE CLASSES VISIT www.eco550study.com From the e-Activity, analyze the elasticity of demand for products within the selected industry relevant to Katrina’s Candies.  Determine the factors involved in making decisions about pricing these products that you believe to be the most influential.  Provide a rationale for your response.

  11. ECO 550 Week 3 Assignment 1 Demand Estimation (2 Sets) FOR MORE CLASSES VISIT www.eco550study.com This Tutorial contains 2 Sets Option 1: Demand equation:  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 Independent variables: Q = Quantity demanded of 3-pack units P (in cents) = Price of the product = 500 cents per 3-pack unit

  12. ECO 550 Week 3 DQ 1 Managing in the Global Economy FOR MORE CLASSES VISIT www.eco550study.com "Managing in the Global Economy" Please respond to the following: ·        *Answer the following DQs based on the Katrina’s Candies scenario: o   From the scenario for Katrina’s Candies, assuming the absence of quantitative data, determine the qualitative forecasting techniques that could be used within this scenario. o   Now, assume you have acquired some time series data that would enable you to make short, medium, and long term forecasts. Ascertain the quantitative technique that will provide you with the most accurate forecast. Provide a rationale for your responses

  13. ECO 550 Week 3 DQ 2 Outsourcing Offshore FOR MORE CLASSES VISIT www.eco550study.com "Outsourcing Offshore" Please respond to the following: ·        Answer the following DQs on the decision to outsource offshore: o   Aside from maximizing profits, list the key factors that managers should consider when deciding whether or not to outsource offshore. Determine the key factors that you believe to be the most influential. Provide a rationale for your response.

  14. ECO 550 Week 4 DQ 1 Production Economics FOR MORE CLASSES VISIT www.eco550study.com ECO 550 Week 4 DQ 1 "Production Economics" Please respond to the following: ·        * From the scenario for Katrina’s Candies, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs. Recommend the key decision-making criteria that Katrina’s Candies should use for expansion decisions in the short run and in the long run. Provide rationale for your response.

  15. ECO 550 Week 4 DQ 2 Production Decisions FOR MORE CLASSES VISIT www.eco550study.com ECO 550 Week 4 DQ 2 "Production Decisions" Please respond to the following: ·        From the e-Activity, recommend whether the company in question should or should not continue to produce the good or service. Provide a rationale for your response

  16. ECO 550 Week 5 DQ 1 Applications of Cost Theory FOR MORE CLASSES VISIT www.eco550study.com ECO 550 Week 5 DQ 1 "Applications of Cost Theory" Please respond to the following: ·        * Answer the following DQs based on the Katrina’s Candies scenario: o   From the scenario for Katrina’s Candies, determine the appropriate type of market structure for the situation in question. Cite at least four (4) defining characteristics that have helped you reach this decision regarding the appropriateness of the chosen structure.

  17. ECO 550 Week 5 DQ 2 Cost Management FOR MORE CLASSES VISIT www.eco550study.com ECO 550 Week 5 DQ 2 "Cost Management" Please respond to the following: ·        Imagine that you are a manager of a chemical company. An accident has occurred in which chemicals leaked into the ground water nearby.  The community is unaware of the accident. Compare the primary costs involved in cleaning up the water immediately (and thus confessing) versus  hiding your culpability now and possibly paying more in the future. Predict the impact on profitability in both situations. Justify your respons

  18. ECO 550 Week 6 Assignment 2 Operations Decisions (2 Papers) FOR MORE CLASSES VISIT www.eco550study.com This Tutorial contains 2 Different Papers Using the regression results and the other computations from Assignment 1, determine the market structure in which the low-calorie food company operates.Use the Internet to research two (2) of the leading competitors in the low-calorie microwavable food industry, and take note of their pricing strategies, profitability, and their relationships within the industry (worldwide).

  19. ECO 550 Week 6 DQ 1 Market Structures FOR MORE CLASSES VISIT www.eco550study.com ECO 550 Week 6 Discussion 1 "Market Structures" Please respond to the following: ·        * From the scenario, assuming Katrina’s Candies is operating in the monopolistically competitive market structure and faces the following weekly demand and short-run cost functions: VC = 20Q+0.006665 Q2 with MC=20 + 0.01333Q and FC = $5,000

  20. ECO 550 Week 6 DQ 2 Maximizing Revenue FOR MORE CLASSES VISIT www.eco550study.com ECO 550 Week 6 Discussion 2 "Maximizing Revenue" Please respond to the following: ·        * From the scenario, assuming Katrina’s Candies is operating in the monopolistically competitive market structure and faces the following weekly  demand and short-run cost functions: VC = 20Q+0.006665 Q2 with MC=20 + 0.01333Q and FC = $5,000 P = 50-0.01Q and MR = 50-0.02Q

  21. ECO 550 Week 7 DQ 1 Predicting Price-Setting Strategies FOR MORE CLASSES VISIT www.eco550study.com ECO 550 Week 7 Discussion 1 "Predicting Price-Setting Strategies" Please respond to the following: ·        * From the scenario for Katrina’s Candies, determine the importance of predicting the pricing strategies of rival firms in an industry  characterized by mutual interdependence. Provide a rationale for your response.

  22. ECO 550 Week 7 DQ 2 Price-Setting Strategies FOR MORE CLASSES VISIT www.eco550study.com ECO 550 Week 7 Discussion 2 "Price-Setting Strategies" Please respond to the following: ·        Examine the common price setting strategies of airlines that use game theory. Predict the potential effects of such pricing strategies on the demand for seats,  and conclude the resulting impact on the profitability of the airlines.

  23. ECO 550 Week 10 DQ 1 Long-Term Investment FOR MORE CLASSES VISIT www.eco550study.com ECO 550 Week 10 Discussion 1 "Long-Term Investment" Please respond to the following: ·        * From the scenario for Katrina’s Candies, suggest one (1) method in which Herb could use a cost-benefit analysis to argue for or against an expansion.  Create three (3) optimal decision rules for Katrina’s Candies (e.g., whether to hire more staff or hire temporary workers to meet production schedules).

  24. ECO 550 Week 10 DQ 2 Cost-Benefit Analysis FOR MORE CLASSES VISIT www.eco550study.com ECO 550 Week 10 Discussion 2 "Cost-Benefit Analysis" Please respond to the following: ·        Assess both the short-term and the long-term costs and benefits of obtaining a graduate degree.  Support your decision to obtain a graduate degree with a cost-benefit analysis of your particular situation.

  25. ECO 550 Week 11 DQ 1 Transfer It FOR MORE CLASSES VISIT www.eco550study.com ECO 550 Week 11 Discussion 1 "Transfer It" Please respond to the following: ·        Propose two (2) applications of the knowledge that you have learned in this course to your current or a future position. Provide a rationale for your response.

  26. ECO 550 Week 11 DQ 2 Best Practices FOR MORE CLASSES VISIT www.eco550study.com ECO 550 Week 11 Discussion 2 "Best Practices" Please respond to the following: ·        Create a list of three (3) best practices to follow in the field of managerial economics and globalization. Provide a rationale for your response.

  27. ECO 550 STUDY Perfect Education/eco550study.com For more course tutorials visit www.eco550study.com

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