Project #16648 - Managerial Economic 1of2

Original work only (will be checked extensively for originality), citation where needed, and a minimum of three paragraph 4-6 sentences per question.

1-  1- Presents how to make the most economical downsizing decisions. Include the mix of capital and labor and the theoretical concepts behind the marginal rate of technical substitution in your posts. Also discuss the real world factors, which complicate these difficult decisions.

 

2-  2- Explain the difficulty of defining and using the user cost of capital and discuss the value in making decisions based on it, rather than accounting expense data.

 

3-  3- Imagine a firm with the same cost structure but in each of the four market structures: Competitive, Monopolistically Competitive, Oligopoly, and a Monopoly. Using the concepts of consumer surplus and producer surplus, explain the long run outcome in each market structure and how consumer surplus, producer surplus and dead weight loss changes

 

4-  4- Explain why in competitive markets there can be profit or producer surplus in the short run but not the long run. Include the idea of "economic rent" for exceptionally productive inputs. Then imagine a firm with the same cost structure but in each of the four very distinct market structures: (1) Purely Competitive, (2) Monopolistically Competitive, (3) Oligopoly, and (4) Monopoly. Using the concepts of consumer surplus and producer surplus, explain the long run outcome in each market structure and how consumer surplus, producer surplus and dead weight loss changes.

 

5-  5- Discuss the necessary conditions to make price discrimination work and the best practices to use price discrimination to maximize profits while avoiding price wars. In your discussion make evident the challenges of the strategy even in markets where it is possible.

 

6-  6- Exemplify the impact of managerial decisions in competitive markets and managerial decisions for firms with market power.

 

Subject Business
Due By (Pacific Time) 11/16/2013 12:00 pm
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