You own and operate PC’s R Us, a firm that manufactures customized computers to meet the specifications of universities that offer online MBA programs
You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. College Computers is not the only firm that builds computers to meet this university’s specifications; indeed, it competes with many manufacturers online and through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly ad in the student paper advertising its “free service after the...
Situation 4. (Basic Oligopoly Mode ls) You are the manager of PuntoNegro Computers, which competes directly with PuntoBlanco Computers to sell high-powered computers to businesses. From the two businesses' perspectives, the two products are indistinguishable. The large investment required to build production facilities prohibits other firms from entering this market, and existing firms operate under the assumption that the rival will hold output constant. The inverse market demand for computers is P = 5,900 Q, and both firms produce at...
Worksheet on Perfect Competition Welcome to Acme Widgets. The Acme Company manufactures widgets and competes in a Perfectly Competitive market structure. In fact, all widgets are the same, regardless of who made them. The widget industry is huge, with many firms, and Acme, like all the other firms can sell all it wants without affecting the market price. The following table represents the current short-run revenue, costs, and profits for Acme or copy the data into a spreadsheet INSTRUCTIONS: You...
Please use own words. Thank you. CASE QUESTIONS AND DISCUSSION > Analyze and discuss the questions listed below in specific detail. A minimum of 4 pages is required; ensure that you answer all questions completely Case Questions Who are the main players (name and position)? What business (es) and industry or industries is the company in? What are the issues and problems facing the company? (Sort them by importance and urgency.) What are the characteristics of the environment in which...
Below are 4 articles. (20 points each) You must fill in the answer sheet for each article. Be sure and explain how the changes should impact Pe and Qe Classify as a change in demand or a change in quantity demanded, a change in supply or a change in quantity supplied. Make sure you fill in the graphs the same way I did in the sample graphs in the sections from my notes for session 3 Use ? (question mark)...