Discuss the concept of strategic drift and examine the likely main strategic drift driver from the point of view of the Caroria Local Authority.
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- A) It is possible to attain a higher curve by due to technological advancements. B) Point A is not a feasible option. C) Point A'' dominates point A'. D) It is possible to attain a higher curve by modifying the order in which the technologies are adopted.Equilibrium analysis is a simple tool for planning and control. However, this analysis is sharply criticized, mainly because the analysis of the balance point is based on assumptions that do not exist in reality. Explain briefly: What are the main assumptions underlying the balance point analysis? A. Which of the assumptions you detailed above raise difficulties and do not actually exist in business reality?#3
- Why CRS - Constant Returns on Scale would generate (1) No profit-maximizingproduction plan; the only nontrivial production plan involves zero profits. (2) Even when aprofit-maximizing plan exists, it is not unique?The Lyndon B. Johnson Space Center (JSC) named in honor of the late President, is responsible for the design, development, and operation of human space flight is a leading science and space exploration learning center. The center features more than 400 space artifacts, permanent and traveling exhibits, exhibits and experiences and theaters related to the exciting future and remarkable past of America’s human space-flight program – all for one admission price. The experience is designed to engage adults and children alike. There is always something new at Space Center Houston with an amazing array of traveling exhibits and astounding events. Space Center Houston has the world’s largest collection of moon rocks and lunar samples for public view. Known around the world as the home of NASA Mission Control, International Space Station Mission Control and astronaut training, guests are taken behind the scenes to see NASA Johnson Space Center. The Smithsonian Museum is affiliated to the space…. The monthly demand for trotro rides in Kumasi, Ashanti depends on the price of a taxi ride, the price of a trotro ride, and the average monthly income of riders. Some consumers might choose to ride the taxi instead of the trotro, while other riders might use both forms of transportation to get to their final destination. The demand function for trotro rides is: Qd = 9,750 – 500P + 250Pj + 5INCOME, where Qd is the number of trotro rides demanded per month, P is the price of a ride, Pj is the price of a taxi ride, and INCOME is the average monthly income of riders. Suppose that P = $1.50, Pj = $4, and INCOME = $3,000. What is the monthly quantity of trotro rides demanded? What is the value of the cross-price elasticity of demand? Based on your answer, are taxi rides and trotro rides substitutes or complements? What is the value of the income elasticity of demand? Based on your answer, are taxi rides an inferior or a normal good?
- A global religious organization runs a vast network of educational institutions, healthcare facilities, and charitable programs worldwide. These initiatives are funded through donations, endowments, and government grants. The organization's economic activities have a significant impact on local economies, particularly in areas with limited public services. The question is: In this scenario, the global religious organization's activities primarily: A) Replace government responsibilities B) Contribute to local economic development and social services provision C) Focus solely on religious conversion D) Drain local economic resourcesSport O Rama Equipment Inc., makes two different types of baseball gloves: a regular model and a catcher’s model. The firm has 900 hours of production time available in its cutting and sewing department, 300 hours available in its finishing department, and 100 hours available in its packaging and shipping department. The production time requirements and the profit contribution per glove are given in the following table: MODEL Production time (hrs): Cutting & Sewing Production time (hrs): Finishing Production time (hrs): Packaging & Shipping Profit/Glove ($) REGULAR 1 1/2 1/8 $ 5 CATCHER'S 3/2 1/3 1/4 $ 8 Assume that Sports O Rama Equipment Inc. is interested in maximizing the total profit contribution, answer the following: How many hours of production time will be scheduled in each department? What is the slack time in each department?Pre-mixed concrete is an important input for the construction industry. Concrete cannot be stored or transported over long distances as it begins to set after only a few hours. For this reason, only the three local firms—Aggregate Inc., Big Industries and ConCorp—are in a position to compete in the market. Moreover, the capital and regulatory requirements for constructing a new concrete plant are substantial, creating an effective barrier to entry. Pre-mixed concrete is regarded as a homogeneous good by the construction industry. Inverse demand in the market has been estimated to be,P = 670 − Q/40,where P represents the price of a cubic metre of concrete in dollars, and Q is the total number of cubic metres of concrete supplied into the market on a given day. At present the three firms appear have identical production costs, with each firm facing fixed costs of $400,000 per day and a marginal cost of $190 per cubic metre. Big Industries and ConCorp estimate that the proposed merger…
- Pre-mixed concrete is an important input for the construction industry. Concrete cannot be stored or transported over long distances as it begins to set after only a few hours. For this reason, only the three local firms—Aggregate Inc., Big Industries and ConCorp—are in a position to compete in the market. Moreover, the capital and regulatory requirements for constructing a new concrete plant are substantial, creating an effective barrier to entry. Pre-mixed concrete is regarded as a homogeneous good by the construction industry. Inverse demand in the market has been estimated to be,P = 670 − Q/40,where P represents the price of a cubic metre of concrete in dollars, and Q is the total number of cubic metres of concrete supplied into the market on a given day. At present the three firms appear have identical production costs, with each firm facing fixed costs of $400,000 per day and a marginal cost of $190 per cubic metre. Big Industries and ConCorp estimate that the proposed merger…Boeing is back at the drawing board. In 2015, after releasing the Boeing 777x, an update to the widely popular 777, they announced plans to redevelop their production process. Boeing hoped to extend the extremely successful process known as lean production to incorporate robotics and standardize production further, leading to what Boeing calls advanced manufacturing. Lean manufacturing, pioneered by Toyota Motors of Japan, is based on the practice of having parts arrive on the factory floor just as they are needed for production. This reduces the amount of parts Boeing holds in inventory as well as the amount of the factory floor needed for production. To help move from lean production to advanced manufacturing Boeing has turned to Toyota, hiring some of their top engineers. Boeing first adopted lean manufacturing in 1999 in the manufacture of the 737, the most popular commercial airplane. By 2005, after constant refinement, it achieved a 50% reduction in the time it takes to produce a…Question #4. Parker County is considering reestablishing bobcats in a number of local parks. The cats are known predators of small pets and livestock, but also an important predator for controlling certain rodent and small mammal populations. The New York State Department of Environmental Conservation (DEC) has conducted both a statewide and county level contingent valuation survey. They found that the local (county level) marginal willingness to pay represented by the equation: MWTP= -.4Q+130. The DEC found the statewide marginal willingness to pay represented by the equation: MWTP= -0.9Q+400. Further, the DEC has estimated an aggregate marginal cost of establishing and maintain the bobcats to be MC= 0.5Q+30. What would be the efficient population of bobcats if only the local willingness to pay was considered? What would be the net benefits to local people if this population was maintained? What would be the efficient population of bobcats if only the statewide willingness…