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- For each of the following examples, explain whether it is a case of external or internal economies of scale: a. Almost all Hermès products are manufactured in France. b. Apple has its displays mainly made in Japan and some made in Korea. c. All units of Toyota Land Cruiser and Prius sold in the U.S. market are assem- bled in Japan. d. Gerber used to be an American-owned company, now a subsidiary of the Nestlé Group, headquartered in Fremont, Michigan. It is often argued that the existence of increasing returns is a source of conflict between countries, since each country is better off if it can increase its production in those industries characterized by economies of scale. Evaluate this view in terms of the external economy model.The table below shows average cost data for three different-sized plants—1, 2, and 3—which are the only three sizes possible. Output 100 Plant 1 $18 15 Plant 2 $14 11 200 300 11 7 400 10 500 14 8 9 Plant 3 $10 11 9 10 11 a. In what plant size is MES achieved? (Click to select) b. What is the economic capacity for plant 2? Economic capacity: c. What is the right-size plant to produce an output of 300? ✓ (Click to select) Plant 1 Plant 3 Plant 2Question 15 From the Graph Provided Below: Non-Linear Break Even Chart 700000 600000 500000 DA0000 6300000 200000 100000 20 40 60 80 100 120 140 Production & Sales Quantity -FC VC -TC Rev - Which of the following options is correct? O I would expect to maximize profit if I produce and sell between 1 and 10 units. O I would expect to maximize profit if I produce and sell 104 units. O I would expect to maximize profit if I produce and sell between 70 and 80 units. O I would expect to maximize profit if I produce and sell between 30 and 40 units.
- Q44. Suppose that cellphone batteries can be produce using 3 different types of technologies. The table below indicates the total cost related to each technology for the amount of output produced per day. a. Samsung is considering which technology to adopt to produce its cellphone batteries. Use the information to find the average-total-cost of each technology and identify the most efficient choice of technology and plant size if Samsung would like to produce 6 batteries. b. In general, where must the marginal cost curve intersect the average total cost curve?2. Rewrite the Literature for your Research by referring to the mentioned paper, this canbe a part of your literature study. Imagine you wanted to work with the followingresearch question: “In India, which factors motivate the vendors (running small/ microfirms) to utilize WhatsApp?”.Instruction: Imagine yourself working on the above research, and refer the mentionedpaper as a major part of your literature study. Cite most of the past researchesmentioned in this paper and prepare a literature write-up not exceeding 1000 words.Make sure your literature write-up is aligned with the research question mentionedabove. For more information about any research that has been referred by Modak andMupepi, you may download it using NMIMS digital Library.Make a conceptual framework about this.. As of now most of the local farmers are currently struggling when it comes to harvesting and trading their crops due to financial challenges. Most of their businesses whether they are a supplier or just owning a small vegetable store in the market will often encounter this inconvenient situation. However the most important things to do is to manage and find a solution properly when it comes to facing such problems
- During the night, the electricity sector has a marginal cost of $1/MWh (megawatt-hour) forthe first 100 MWh produced (from wind turbines), and $20/MWh for each additional unit (from gasgenerators). During the day, they have a marginal cost of $1/MWh (megawatt-hour) for the first 50MWh produced (from solar panels), and $20/MWh for each additional unit (from gas generators).Nighttime and daytime demand are given by QnightD = 50 −P and QdayD = 200 −P , respectively.What are the market quantity and price during the day, and the market quantity and price at night?This is a model of the wholesale market for electricity, which you can think of as being competitive,but there is no resale between night and day.3. The company that you manage has already spent $8 million on developing a new product – awebsite that combines You Tube, Twitter, and Facebook – called You Twit Face. Thedevelopment is not quite finished. It will cost an extra $2 million to finish development andcomplete the product. Assume that this $2 million amount includes the explicit costs and anyopportunity cost that the company may have. At a recent meeting, your salespeople report thatthe expected sales of your new product (if you finish) are $6 million total. If you do not finishdeveloping the product you can sell the incomplete product to another company for $2 million. What is the MC of finishing the development? __________________ What is the MB of finishing the development? __________________ Should you finish the product? Why or why not? Use the idea of “thinking at the margin” toexplain your answer. Need details explanationAdditional questions:Supposed you and your friends decide to rent the four bedroom apartment and subscribe to cable. The average fixed cost per roommate will be____?If only 3 people moved into the four bedroom apartment, the average fixed cost of rent and cable will be _____, which means that you will have to pay _____ of just the rent on your own
- 3. The relationship between marginal and average costs Consider the following scenario to understand the relationship between marginal and average values. Suppose Jacques is a professional basketball player, and his game log for free throws can be summarized in the following table. Fill in the columns with Jacques’s free-throw percentage for each game and his overall free-throw average after each game. Game Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 1 8/10 8/10 80 80 2 6/10 14/20 3 1/5 15/25 4 3/5 18/30 5 8/10 26/40 On the following graph, use the orange points (square symbol) to plot Jacques’s free-throw percentage for each game individually, and use the green points (triangle symbol) to plot his overall average free-throw percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.…3. The relationship between marginal and average costs Consider the following scenario to understand the relationship between marginal and average values. Suppose Paolo is a professional basketball player, and his game log for free throws can be summarized in the following table. Fill in the columns with Paolo's free-throw percentage for each game and his overall free-throw average after each game. Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 6/8 75 8/16 10/20 18/30 26/40 Game 1 2 3 4 5 RCENTAGE 6/8 2/8 2/4 8/10 8/10 On the following graph, use the orange points (square symbol) to plot Paolo's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot his overall average free-throw percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 90 75 Game Free-Throw Percentage A Average Free-Throw Percentage* MindTap - Cengage Learning D ) (4) lofi hip hop radio - beats X g.cengage.com/static/nb/ui/evo/index.html?deploymentld=590512258542108435051542&elSBN=9780357114582&id=D1062959402. 5 * CENGAGE MINDTAP Q Search this course HW 6 20 A-Z 18 Stock DET 16 Ofice 14 12 Stock AIL 10 Stock INO 4 2 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 1.8 2.0 RISK (Beta) A stock is in equilibrium if its required return its expected return. In general, assume that markets and stocks are in equilibrium (or fairly valued), but sometimes investors have different opinions about a stock's prospects and may think that a stock is out of equilibrium (either undervalued or overvalued). Based on the analyst's expected return estimates, stock INO is , stock AIL is in equilibrium, and stock DET is RATE OF RETURN (Percent)