Eco 550 managerial economics and globalization week 1 quiz

Demand Estimation Due Week 3 and worth points Imagine that you work for the maker of a leading brand of low-calorie, frozen microwavable food that estimates the following demand equation for its product using data from 26 supermarkets around the country for the month of April.

Eco 550 managerial economics and globalization week 1 quiz

Operations Decision Due Week 6 and worth points Using the regression results and the other computations from Assignment 1, determine the market structure in which the low-calorie frozen, microwavable food company operates.

Use the Internet to research two 2 of the leading competitors in the low-calorie frozen, microwavable food industry, and take note of their pricing strategies, profitability, and their relationships within the industry worldwide.

Write a six to eight page paper in which you: In Assignment 1, the assumption was that the market structure [or selling environment] was perfectly competitive and that the equilibrium price was to be determined by setting QD equal to QS.

Given that business operations have changed from the market structure specified in the original scenario in Assignment 1, determine two 2 likely factors that might have caused the change.

Predict the primary manner in which this change would likely impact business operations in the new market environment.

Eco 550 managerial economics and globalization week 1 quiz

Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisions in both the short-run and the long-run.

Suggest key actions that management should take in order to confront these circumstances. Provide a rationale for your response.

Suggest one 1 pricing policy that will enable your low-calorie, frozen microwavable food company to maximize profits. Provide a rationale for your suggestion. Now you need to find the inverse demand equation.

Compare these values with the values you generated in Assignment 1. Determine whether your price higher is or lower.

Outline a plan, based on the information provided in the scenario, which the company could use in order to evaluate its financial performance. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term, and the fundamental manner in which each factor influences managerial decisions.

Calculate profit in the short run by using the price and output levels you generated in part 5. You may want to compare this to what profit would have been in Assignment 1 using the cost function provided here. Calculate profit in the long run by using the output level you generated in part 5 and cost data in part 3 and assuming that the selling environment will likely be very competitive.

Determine why this would be a valid assumption. Recommend two 2 actions that the company could take in order to improve its profitability and deliver more value to its stakeholders. Outline, in brief, a plan to implement your recommendations.

Use at least five 5 quality academic resources in this assignment.

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Wikipedia does not qualify as an academic resource. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font size 12with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Analyze short-run and long-run production and cost functions. Apply macroeconomic concepts to changes in global and national economies and how they affect economic growth, inflation, interest rates, and wage rates.

Evaluate the profit-maximizing price and output level for given operating costs for monopolies and firms in competitive industries.

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Essay Managerial Economic Globalization. Crystal Wilder Emmanuel Chebe ECO:Managerial Economics and Globalization January 23, I am working for the maker of a leading brand of low-calorie, frozen microwavable food that estimates the following demand equation for its product using data from 26 supermarkets around the country .

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