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For more course tutorials visit Uophelp is now newtonhelp.com www.newtonhelp.com Chapter 9—Applications of Cost Theory MULTIPLE CHOICE – PowerPoint PPT presentation

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Title: ECO 550 Dreams Come True /newtonhelp.com


1
ECO 550 Dreams Come True/newtonhelp.com
2
ECO 550 Final Guide (All Possible Questions) 
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  • Chapter 9Applications of Cost Theory
  • MULTIPLE CHOICE
  • 1. Evidence from empirical studies of short-run
    cost-output relationships lends support to the
  • 2. The short-run cost function is

3
ECO 550 Midterm Part 1 and 2 (All Possible
Questions) 
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  • Chapter 1Introduction and Goals of the Firm
  • MULTIPLE CHOICE
  • 1. The form of economics most relevant to
    managerial decision-making within the firm is
  • 2. If one defines incremental cost as the change
    in total cost resulting from a decision, and
    incremental revenue as the change in total
    revenue resulting from a decision, any business
    decision is profitable if

4
ECO 550 Midterm Part 1 
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  • Question 1
  •  
  • Possible goals of Not-For-Profit (NFP)
    enterprises include all of the following EXCEPT
  • Question 2
  • In the shareholder wealth maximization model, the
    value of a firm's stock is equal to the present
  • value of all expected future ____ discounted at
    the stockholders' required rate of return.

5
ECO 550 Midterm Part 2 
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  • Question 1
  • The forecasting technique which attempts to
    forecast short-run changes and makes use of
    economic
  • indicators known as leading, coincident or
    lagging indicators is known as
  • Question 2

6
ECO 550 Week 1 DQ 1 Fundamental Economic Concepts
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  • Fundamental Economic Concepts" Please respond to
    the following
  •  
  • Answer the following DQs based on the Katrinas
    Candies scenario
  • From the scenario for Katrinas Candies, examine
    the key factors affecting the demand for and the
    supply of a good in general and Katrinas Candies
    specifically. Distinguish between a change in
    demand and a change in the quantity demanded
    (movement along the demand curve).

7
ECO 550 Week 1 DQ 2 Supply and Demand 
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  • From the e-Activity, examine the key factors that
    influence the supply and demand of the selected
    good in general and Katrinas Candies
    specifically.
  • Propose two (2) methods in which organizations
    that provide the good may utilize this
    information. Provide a rationale for your
    response.
  • Related Tutorials

8
ECO 550 Week 1-11 All DQs 
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  • ECO 550 Week 1 DQ 1 Fundamental Economic Concepts
  • ECO 550 Week 1 DQ 2 Supply and Demand
  • ECO 550 Week 2 DQ 1 Estimating Demand
  • ECO 550 Week 2 DQ 2 Estimating Elasticity of
    Demand
  • ECO 550 Week 3 DQ 1 Managing in the Global
    Economy
  • ECO 550 Week 3 DQ 2 Outsourcing Offshore

9
ECO 550 Week 2 DQ 1 Estimating Demand 
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  • "Estimating Demand" Please respond to the
    following
  • From the scenario for Katrinas Candies, examine
    the procedure Herb will use to estimate the
    demand model developed in the scenario for Week
    1.
  • Determine the meaning, relevance, and importance
    for a manager interpreting the regression results.

10
ECO 550 Week 2 DQ 2 Estimating Elasticity of
Demand 
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  • From the e-Activity, analyze the elasticity of
    demand for products within the selected industry
    relevant to Katrinas Candies.
  • Determine the factors involved in making
    decisions about pricing these products that you
    believe to be the most influential.

11
ECO 550 Week 3 Assignment 1 Demand Estimation (2
Sets) 
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  •  
  • This Tutorial contains 2 Sets
  • Option 1 Demand equation
  • QD - 5200 - 42P 20PX 5.2I .20A .25M
  • (2.002) (17.5) (6.2) (2.5) (0.09) (0.21)
  • R2 0.55 n 26 F 4.88
  • Independent variables

12
ECO 550 Week 3 DQ 1 Managing in the Global Economy
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  • Managing in the Global Economy" Please respond to
    the following
  • Answer the following DQs based on the
    Katrinas Candies scenario
  • o From the scenario for Katrinas Candies,
    assuming the absence of quantitative data,
    determine the qualitative forecasting techniques
    that could be used within this scenario.

13
ECO 550 Week 3 DQ 2 Outsourcing Offshore
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  • "Outsourcing Offshore" Please respond to the
    following
  • Answer the following DQs on the decision
    to outsource offshore
  • o Aside from maximizing profits, list the key
    factors that managers should consider when
    deciding whether or not to outsource offshore.
    Determine the key factors that you believe to be
    the most influential. Provide a rationale for
    your response.

14
ECO 550 Week 4 DQ 1 Production Economics 
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  • ECO 550 Week 4 DQ 1
  • "Production Economics" Please respond to the
    following
  • From the scenario for Katrinas
    Candies, determine the relevant costs for the
    expansion decision, and distinguish between the
    short run and the long run costs. Recommend the
    key decision-making criteria that Katrinas
    Candies should use for expansion decisions in the
    short run and in the long run. Provide rationale
    for your response.

15
ECO 550 Week 4 DQ 2 Production Decisions 
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  • ECO 550 Week 4 DQ 2
  • "Production Decisions" Please respond to the
    following
  • From the e-Activity, recommend whether
    the company in question should or should not
    continue to produce the good or service. Provide
    a rationale for your response

16
ECO 550 Week 5 DQ 1 Applications of Cost Theory
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  • ECO 550 Week 5 DQ 1
  • "Applications of Cost Theory" Please respond to
    the following
  • Answer the following DQs based on the
    Katrinas Candies scenario
  • o From the scenario for Katrinas Candies,
    determine the appropriate type of market
    structure for the situation in question. Cite at
    least four (4) defining characteristics that have
    helped you reach this decision regarding the
    appropriateness of the chosen structure.

17
ECO 550 Week 5 DQ 2 Cost Management 
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  • ECO 550 Week 5 DQ 2
  • "Cost Management" Please respond to the
    following
  • Imagine that you are a manager of a
    chemical company. An accident has occurred in
    which chemicals leaked into the ground water
    nearby.
  • The community is unaware of the accident. Compare
    the primary costs involved in cleaning up the
    water immediately (and thus confessing) versus
  • hiding your culpability now and possibly paying
    more in the future. Predict the impact on
    profitability in both situations. Justify your
    response.

18
ECO 550 Week 6 Assignment 2 Operations Decisions
(2 Papers) 
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  • This Tutorial contains 2 Different Papers
  • Using the regression results and the other
    computations from Assignment 1, determine the
    market structure in which the low-calorie food
    company operates.
  •  
  • Use the Internet to research two (2) of the
    leading competitors in the low-calorie
    microwavable food industry, and take note of
    their pricing strategies, profitability, and
    their relationships within the industry
    (worldwide).

19
ECO 550 Week 6 DQ 1 Market Structures 
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  •  
  • ECO 550 Week 6 Discussion 1
  • "Market Structures" Please respond to the
    following
  • From the scenario, assuming Katrinas
    Candies is operating in the monopolistically
    competitive market structure and faces the
    following weekly demand and short-run cost
    functions
  • VC 20Q0.006665 Q2 with MC20 0.01333Q and FC
    5,000

20
ECO 550 Week 6 DQ 2 Maximizing Revenue 
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  • ECO 550 Week 6 Discussion 2
  • "Maximizing Revenue" Please respond to the
    following
  • From the scenario, assuming Katrinas
    Candies is operating in the monopolistically
    competitive market structure and faces the
    following weekly
  • demand and short-run cost functions
  • VC 20Q0.006665 Q2 with MC20 0.01333Q and FC
    5,000
  • P 50-0.01Q and MR 50-0.02Q

21
ECO 550 Week 7 DQ 1 Predicting Price-Setting
Strategies 
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  • ECO 550 Week 7 Discussion 1
  • "Predicting Price-Setting Strategies" Please
    respond to the following
  • From the scenario for Katrinas
    Candies, determine the importance of predicting
    the pricing strategies of rival firms in an
    industry
  • characterized by mutual interdependence. Provide
    a rationale for your response.

22
ECO 550 Week 7 DQ 2 Price-Setting Strategies
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  • ECO 550 Week 7 Discussion 2
  • "Price-Setting Strategies" Please respond to the
    following
  • Examine the common price setting
    strategies of airlines that use game theory.
    Predict the potential effects of such pricing
    strategies on the demand for seats,
  • and conclude the resulting impact on the
    profitability of the airlines.

23
ECO 550 Week 8 DQ 1 Entering a Merger 
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  • ECO 550 Week 8 Discussion 1
  • "Entering a Merger" Please respond to the
    following
  • From the scenario for Katrinas
    Candies, examine the major implications for firms
    entering into a merger.

24
ECO 550 Week 8 DQ 2 Organizational Form 
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  •  
  • ECO 550 Week 8 Discussion 2
  • "Organizational Form" Please respond to the
    following
  • Examine two (2) organizational forms of
    business (e.g., functional, product, etc.).
    Predict the possible implications of the
    principal agent relationship

25
ECO 550 Week 9 Assignment 3 Long Term Investment
Decision (2 Papers) 
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  • This Tutorial contains 2 Different Papers
  • Assume that the low-calorie microwavable food
    company from Assignments 1 and 2 wants to expand
    and has to make some long-term capital budgeting
    decisions.
  • Use the Internet and Strayer databases to
    research government policies and regulation.
  • Write a six to eight (6-8) page paper in which
    you

26
ECO 550 Week 9 DQ 1 Impact of Government
Regulation 
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  • ECO 550 Week 9 Discussion 1
  • "Impact of Government Regulation" Please respond
    to the following
  • From the scenario for Katrinas
    Candies, take a position as to whether government
    regulation is constraining or enabling in this
    situation,
  • as it relates to the operational efficiency of
    the company. Speculate on the fundamental manner
    in which government regulation could impact the
  • shareholders wealth and profitability.

27
ECO 550 Week 9 DQ 2 Government Regulation 
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  • ECO 550 Week 9 Discussion 2
  • "Government Regulation" Please respond to the
    following
  • From the e-Activity, take a position on
    whether the banking industry needs more or less
    government regulation.

28
ECO 550 Week 10 DQ 1 Long-Term Investment 
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  • ECO 550 Week 10 Discussion 1
  • "Long-Term Investment" Please respond to the
    following
  • From the scenario for Katrinas
    Candies, suggest one (1) method in which Herb
    could use a cost-benefit analysis to argue for or
    against an expansion.
  • Create three (3) optimal decision rules for
    Katrinas Candies (e.g., whether to hire more
    staff or hire temporary workers to meet
    production schedules)

29
ECO 550 Week 10 DQ 2 Cost-Benefit Analysis 
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  • ECO 550 Week 10 Discussion 2
  • "Cost-Benefit Analysis" Please respond to the
    following
  • Assess both the short-term and the
    long-term costs and benefits of obtaining a
    graduate degree.
  • Support your decision to obtain a graduate degree
    with a cost-benefit analysis of your particular
    situation.

30
ECO 550 Week 11 DQ 1 Transfer It 
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  • ECO 550 Week 11 Discussion 1
  • "Transfer It" Please respond to the following
  • Propose two (2) applications of the
    knowledge that you have learned in this course to
    your current or a future position. Provide a
    rationale for your

31
ECO 550 Week 11 DQ 2 Best Practices 
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  • ECO 550 Week 11 Discussion 2
  • "Best Practices" Please respond to the following
  • Create a list of three (3) best
    practices to follow in the field of managerial
    economics and globalization. Provide a rationale
    for your response
  •  

32
ECO 550 Dreams Come True/newtonhelp.com
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