Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies.

Assignment 1: Demand Estimation
Due Week 3 and worth 200 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.

For a refresher on independent and dependent variables, please go to Sophia’s Website and review the Independent and Dependent Variables tutorial, located at http://www.sophia.org/tutorials/independent-and-dependent-variables–3.

Option 1
Note: The following is a regression equation. Standard errors are in parentheses for the demand for widgets.
QD       =          – 5200 – 42P + 20PX + 5.2I + 0.20A + 0.25M
(2.002)  (17.5) (6.2)    (2.5)   (0.09)   (0.21)
R2 = 0.55           n = 26               F = 4.88

Your supervisor has asked you to compute the elasticities for each independent variable. Assume the following values for the independent variables:

Q          =          Quantity demanded of 3-pack units
P (in cents)       =          Price of the product = 500 cents per 3-pack unit
PX (in cents)     =          Price of leading competitor’s product = 600 cents per 3-pack unit
I (in dollars)       =          Per capita income of the standard metropolitan statistical area
(SMSA) in which the supermarkets are located = $5,500
A (in dollars)     =          Monthly advertising expenditures = $10,000
M                     =          Number of microwave ovens sold in the SMSA in which the
supermarkets are located = 5,000

Option 2
Note: The following is a regression equation. Standard errors are in parentheses for the demand for widgets.

QD       =          -2,000 – 100P + 15A + 25PX + 10I
(5,234)  (2.29)   (525)   (1.75)  (1.5)
R2 = 0.85           n = 120             F = 35.25

Your supervisor has asked you to compute the elasticities for each independent variable. Assume the following values for the independent variables:

Q          =          Quantity demanded of 3-pack units
P (in cents)       =          Price of the product = 200 cents per 3-pack unit
PX (in cents)     =          Price of leading competitor’s product = 300 cents per 3-pack unit
I (in dollars)       =          Per capita income of the standard metropolitan statistical area
(SMSA) in which the supermarkets are located = $5,000
A (in dollars)     =          Monthly advertising expenditures = $640

Write a four to six (4-6) page paper in which you:

1.    Compute the elasticities for each independent variable. Note: Write down all of your calculations.

2.    Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Provide a rationale in which you cite your results.

3.    Recommend whether you believe that this firm should or should not cut its price to increase its market share. Provide support for your recommendation.

4.    Assume that all the factors affecting demand in this model remain the same, but that the price has changed. Further assume that the price changes are 100, 200, 300, 400, 500, 600 cents.

a.    Plot the demand curve for the firm.

b.    Plot the corresponding supply curve on the same graph using the following MC / supply function Q = -7909.89 + 79.1P with the same prices.

c.    Determine the equilibrium price and quantity.

d.    Outline the significant factors that could cause changes in supply and demand for the low-calorie, frozen microwavable food. Determine the primary manner in which both the short-term and the long-term changes in market conditions could impact the demand for, and the supply, of the product.

5.    Indicate the crucial factors that could cause rightward shifts and leftward shifts of the demand and supply curves for the low-calorie, frozen microwavable food.

6.    Use at least three (3) quality academic resources in this assignment. Note: 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 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

•    Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. 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 how production and cost functions in the short run and long run affect the strategy of individual firms.

•    Apply the concepts of supply and demand to determine the impact of changes in market conditions in the short run and long run, and the economic impact on a company’s operations.

•    Use technology and information resources to research issues in managerial economics and globalization.

•    Write clearly and concisely about managerial economics and globalization using proper writing mechanics.

Click here to view the grading rubric for this assignment.

The United States has a great consumer demand for health care services.

Budget – $20.00

Due: January 12, 2016 by 5:00PM!!

 

Assignment:

 

The United States has a great consumer demand for health care services. The supply of these services or products, such as new medications or medical equipment, is affected by many factors.

 

Selecta service or product that may be in demand by the health care consumer now or in the future.

Writea 1,050- to 1,400-word paper on your selected service or product that discusses the effects of consumer demand on medical care services or products versus the economic variables of cost, access, and supply. Support your perspective and rationale for the continued provision of a current service, or for the implementation of a new service or product, based on economic principles or supply chain models.

Citea minimum of three sources!

Formatyour paper consistent with APA guidelines. Please do not plagiarise. Running head is

explain which of their offered benefits are required by law and which of the benefits are being used to attract employees.

 

You have been hired as the HR manager for a marketing company, Forward Style Inc., with 65 employees. Your first item of business is to evaluate the company’s rewards program to determine if legal requirements are being met by the company.

Write an APA paper using no more than 1,050 words to explain which of their offered benefits are required by law and which of the benefits are being used to attract employees. Also, include in your paper how the offered benefits effect the organization based on the above scenario. The company offers the following benefits:

  • Private retirement plan
  • Medical insurance
  • Disability insurance
  • Social insurance, including social security, unemployment insurance, worker’s compensation
  • Pay for time not worked
  • Stock options
  • Child care
  • Family and medical leave of 6 paid weeks and up to 6 additional unpaid weeks

The main surveillance methods used in public health that could also be used to detect a bioterrorism threat.

Bioterrorism Threats

Select a potential bioterrorism threat from the following:

  • Anthrax
  • Food supply contamination
  • Water system contamination
  • Air borne contamination

Using the South University Online Library or the Internet, research on your selected potential bioterrorism threat. Based on your research, create a 3- to 4-page Microsoft Word report that covers the following aspects in detail:

  • The main surveillance methods used in public health that could also be used to detect a bioterrorism threat.
  • The basic functions of all levels of government―federal, state, and local―when responding to a possible bioterrorism threat.
  • The existing surveillance systems and their adequacy to meet emergency preparedness needs.

Support your responses with examples.

Cite any sources in APA format.

.Explain the elements of the OSHA guidelines regarding workplace violence that can be adapted for use in construction companies.

1.Explain the steps for conducting an accident investigation. What are the terms that should guide an accident investigation? What are some important things to remember while conducting an accident investigation?

Your response must be at least 200 words in length.

 

2.Explain the elements of the OSHA guidelines regarding workplace violence that can be adapted for use in construction companies. Choose a few of the elements and explain them in detail. Provide examples of using them at a construction worksite.

Your response must be at least 200 words in length.

 

3.Explain the differences between an accident and an incident. Give a real example of each that you might find on a construction worksite. How are they similar?

Your response must be at least 200 words in length.

 

4.How is the employer liable for workplace violence? Define the exclusivity provision, and analyze how this provision helps protect the employer from civil lawsuits that are associated with workplace violence.

What are the major differences between today’s HR departments and previous personnel departments because of IT/IS interaction.

  • Using available resources and the Internet, describe at least five ways IT has helped change HR.
  • What are the major differences between today’s HR departments and previous personnel departments because of IT/IS interaction?
  • What are the disadvantages to moving to a HRIS?

Your assignment should be 2-3 pages, in APA format, and include correct spelling, punctuation, and grammar usage. Use and cite at least 3 research sources.

Discuss what would be included on a resume for a job outside of the United States.

In a well-written 2-3 page paper, write about the importance of building a professional résumé. Highlight the importance of preparing for an interview and how an individual can apply knowledge experienced through practice interviews in a real-life interview. Discuss what would be included on a resume for a job outside of the United States.

 

**Essentially this paper needs to reflect that of a student who is evaluating their career development. The teacher asks that we work on drafting a resume (then write on that experience and what we learned). Practice interviewing with a friend (and write about what we learned in the practice and how we can apply this in a real-life interview), and lastly what should be included on a resume for a position outside of the United States. 

 

Create a list of three best practices that not only would have helped the company you researched from failure, but would also apply to the rest of the industry your company was part of.

  • From the second e-Activity, determine the level of responsibility management had for the business failure you researched. Provide specific examples to support your response.
  • Create a list of three best practices that not only would have helped the company you researched from failure, but would also apply to the rest of the industry your company was part of. Explain your rationale for selecting these best practices

Use the Internet or the Strayer Library to research a business failure. Be prepared to discuss.