Mylab Operations Management With Pearson Etext -- Access Card -- For Operations Management: Sustainability And Supply Chain Management (13th Edition)
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Chapter 13, Problem 8DQ

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8. Define mixed strategy. Why would a firm use a mixed strategy instead of a simple pure strategy?

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QUESTION 15 Compare and contrast “strategic blunder” and “strategic drift”
Question 6: Suppose that the market for cigarettes in a particular town has the following supply and demand curves: QS = P; QD = 60 - P. 1. What is the equilibrium quantity and price? 2. Suppose that the town council wants to reduce cigarette consumption. It imposes a quantity tax per unit of cigarettes on the consumer side. Find the new equilibrium quantity, the equilibrium price paid by the consumer, and the equilibrium price received by the producer. 3. Suppose the flat tax is 20. What is the new equilibrium quantity, the price paid by consumer, and the price received by the supplier? 4. Use the results from Q6.3, compute the consumer surplus before and after tax. Draw the supply and demand curve and label the equilibrium quantity and prices. Also shade the area of the consumer surplus before and after tax. 5. If the council wants to reduce cigarette sales to 5, what would the appropriate tax be?
QUESTION FOUR The following information has been extracted from the records of TD Projects Ltd: Statement of Comprehensive Income for the year ended 31 December 2021: R 18 000 Revenue (60 % on credit) 9 000 Cost of revenue (50% on credit) 1400 Depreciation Profit before Interest and Tax 7 600 1 200 Interest paid Taxable profit 6 400 2 089 Taxes (30 %) Net profit after tax 4311 Dividends 1 352 Addition to retained profit 2 959 Statement of Financial Position as at 31 December 2021: 2020 R Non-current assets Plant and equipment 16 968 Current assets Stock 5 740 Debtors. 2 230 Cash 808 8 778 Total assets 25 746 Owners' equity 3 600 Share capital 12 859 16 459 Non-current liabilities Long term loan 6 800 Short term loan 750 7 550 Current liabilities Creditors 1737 Total equity and liabilities 25 746 2021 R 16 200 8 450 3 232 494 12 176 28 376 3 600 15 818 19 418 6 300 800 7 100 1 858 28 376 [25] Required: 4.1. Calculate and comment on each of the following liquidity ratios for 2020 and…
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