Answered: What problems does Coase associate with…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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which of the following is not among porter's competitive forces? changing consumer tastes power of buyers threat of new entrants power of suppliers
Define and explain the Coase Theorem.
Most corporations exist only under the proper licenses and charter and operate within the limits of safety laws, environmental protection requirements, and other laws and regulations in the government sector. Well-meaning companies sometimes run afoul of stakeholders anyway but can take actions to appease them. Fina, Inc. established an oil refinery in Port Arthur, Texas. Over the years, subdivisions of attractive ranch-style homes grew up in the shadow of the Fina plant. Home owners became unhappy with the plant in their midst because of its noise and odor. How does Fina have to act in a socially responsible way by helping stakeholders?
Olympus has integrated many components into its SLR camera. Recently, Olympus has introduced a smartphone app, Olympus Image Share (OI.Share) to pair with its camera. It says: "Paired with a compatible Olympus camera, the Olympus Image Share (OI.Share) smartphone app makes photography more enjoyable than ever. With this app, you can release the shutter remotely, then easily import photos from the camera to your smartphone and share your most inspiring moments with friends and family". a. How might this news be an example of non-price competition for an oligopolistic firm? Discuss.
Alibaba is a Chinese e-commerce firm similar to Amazon.com in the United States. It has increased its power and global influence with strong leadership from its founder, including knowing when to acquire other organizations. For instance, in addition to acting as a platform for buyers to purchase products, it also acquired firms in the delivery and payments industries so it would have more control over the entire process. Alibaba's acquisitions are an example of a) full-line forcing. b) vertical channel integration. c) channel cooperation. d) horizontal channel integration. e) digital distribution.
what three factors would influence your evaluation as to wheter a company's current ratio is good or bad?
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Is what kind of market Resturants and video Rental store operate. Justify your answer. Would the firms that provide insuarance and cellular servise operate in same kind of market.Explain.
Partial equilibrium and supply curve: Explain Sraffa’s critique of the Marshallian industry supply curve based on diminishing returns under the general case?
How does the optimal price depend on the unit cost of producing a set of clubs?
Use the following information to answer Questions 3 thru 5. 3. Suppose the kitchen knives industry is now operating in the long-run. What is the profit-maximizing level of output for firms in the long-run? Your answer should include only numbers. Submit response PLEASE NOTE - For Questions 3 thru 5, you need the following LCTC function: LRTC = 2q° – 8q² + 75q 4. How much will each kitchen knife be sold for when the market arrives at the long-run equilibrium? Do not include the $-sign or comma (,) in your answer. Round to the nearest cent only if necessary Submit response 5. How many firms will be producing kitchen knives when the market arrives at the long-run equilibrium? A. More than 930 firms. B. Fewer than 930 firms C. Exactly 930 firms.
Please see how I've responded to the 2 questions below...Do you concur are am I off track here. What will the dollar amount of economic gain or economic loss be? The amount of loss would be Quantity*(ATC-Price)= 9*(17.5-16)=$13.5 What will be the price and quantity where the firm will shut down? Price where there is not able to recover average variable cost in the market. Shut down price is $12 and Quantity is 7 units

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What problems does Coase associate with Klein’s interpretation of the acquisition of Fisher Body by General Motors?