1. For more course tutorials visit www.uophelp.com

2.  For more course tutorials visit  www.uophelp.com www.uophelp.com  Chapter 9—Applications 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. Theoretically, in a long-run cost function:  4. Break- even analysis usually assumes all of the following except:  5. What is another term meaning the degree of operating leverage?

3.  For more course tutorials visit  www.uophelp.com www.uophelp.com  Chapter 1—Introduction 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 resul ting from a decision, any business decision is profitable if:  3. In the shareholder wealth maximization model, the value of a firm's stoc k is equal to the present value of all expected future ____ discounted at t he stockholders' required rate of return.  4. Which of the following statements concerning the shareholder wealth ma ximization model is (are) true?

4.  For more course tutorials visit  www.uophelp.com www.uophelp.com  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 fir m's stock is equal to the present  value of all expected future ____ discounted at the stockholders' required rate of return.  Question 3  Various executive compensation plans have been employed to m otivate managers to make  decisions that maximize shareholder wealth. These include:

5.  For more course tutorials visit  www.uophelp.com www.uophelp.com  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 i s known as:  Question 2  Consumer expenditure plans is an example of a forecasting method. Which of the general categories  best described this example?

6.  For more course tutorials visit  www.uophelp.com www.uophelp.com  Fundamental Economic Concepts" Please respond to the follo wing Answer the following DQs based on the Katrina’s Candies sce nario: From the scenario for Katrina’s Candies, examine the key fact ors affecting the demand for and the supply of a good in gen eral and Katrina’s Candies specifically. Distinguish between a change in demand and a change in the quantity demanded (m ovement along the demand curve).

7.  For more course tutorials visit  www.uophelp.com www.uophelp.com  From the e- Activity, examine the key factors that influence the supply an d demand of the selected good in general and Katrina’s Candi es specifically.  Propose two (2) methods in which organizations that provide the good may utilize this information. Provide

8.  For more course tutorials visit  www.uophelp.com www.uophelp.com  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  ECO 550 Week 4 DQ 1 Production Economics  ECO 550 Week 4 DQ 2 Production Decisions  ECO 550 Week 5 DQ 1 Applications of Cost Theory  ECO 550 Week 5 DQ 2 Cost Management

9.  For more course tutorials visit  www.uophelp.com www.uophelp.com  "Estimating Demand" Please respond to the following:  From the scenario for Katrina’s Candies, examine the procedu re Herb will use to estimate the demand model developed in t he scenario for Week 1.  Determine the meaning, relevance, and importance for a man ager interpreting the regression results.  Related Tutorials

10.  For more course tutorials visit  www.uophelp.com www.uophelp.com  From the e- Activity, analyze the elasticity of demand for products within t he selected industry relevant to Katrina’s Candies.  Determine the factors involved in making decisions about pric ing these products that you believe to be the most influential.  Provide a rationale for your response.

11.  For more course tutorials visit  www.uophelp.com www.uophelp.com  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:  Q = Quantity demanded of 3-pack units  P (in cents) = Price of the product = 500 cents per 3- pack unit

12.  For more course tutorials visit  www.uophelp.com www.uophelp.com  "Managing in the Global Economy" Please respond to the followin g:  · *Answer the following DQs based on the Katrina’s Candies scenario:  o From the scenario for Katrina’s Candies, assuming the absenc e of quantitative data, determine the qualitative forecasting tech niques that could be used within this scenario.  o Now, assume you have acquired some time series data that w ould enable you to make short, medium, and long term forecasts. Ascertain the quantitative technique that will provide you with t he most accurate forecast. Provide a rationale for your responses

13.  For more course tutorials visit  www.uophelp.com www.uophelp.com  Outsourcing Offshore" Please respond to the following:  · Answer the following DQs on the decision to outsource off shore:  o Aside from maximizing profits, list the key factors that mana gers should consider when deciding whether or not to outsource offshore. Determine the key factors that you believe to be the mo st influential. Provide a rationale for your response.  o Examine the manner in which the firm’s decision to outsource offshore is impacted by foreign exchange. Determine whether or not it matters where the company outsources offshore. Provide a rationale for your response. 

14.  For more course tutorials visit  www.uophelp.com www.uophelp.com  ECO 550 Week 4 DQ 1  "Production Economics" Please respond to the following:  · * From the scenario for Katrina’s Candies, determine th e relevant costs for the expansion decision, and distinguish b etween the short run and the long run costs. Recommend the key decision- making criteria that Katrina’s Candies should use for expansi on decisions in the short run and in the long run. Provide rati onale for your response.  Related Tutorials

15.  For more course tutorials visit  www.uophelp.com www.uophelp.com  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. Provi de a rationale for your response 

16.  For more course tutorials visit  www.uophelp.com www.uophelp.com  ECO 550 Week 5 DQ 1  "Applications of Cost Theory" Please respond to the following:  · * Answer the following DQs based on the Katrina’s Can dies scenario:  o From the scenario for Katrina’s Candies, determine the ap propriate type of market structure for the situation in questio n. Cite at least four (4) defining characteristics that have help ed you reach this decision regarding the appropriateness of t he chosen structure.

17.  For more course tutorials visit  www.uophelp.com www.uophelp.com  ECO 550 Week 5 DQ 2  "Cost Management" Please respond to the following:  · Imagine that you are a manager of a chemical company. A n accident has occurred in which chemicals leaked into the groun d water nearby.  The community is unaware of the accident. Compare the primary costs involved in cleaning up the water immediately (and thus co nfessing) versus  hiding your culpability now and possibly paying more in the futur e. Predict the impact on profitability in both situations. Justify yo ur response. 

18.  For more course tutorials visit  www.uophelp.com www.uophelp.com  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 comp etitors in the low- calorie microwavable food industry, and take note of the ir pricing strategies, profitability, and their relationships within the industry (worldwide) Write a six to eight (6-8) page paper in which you

19.  For more course tutorials visit  www.uophelp.com www.uophelp.com  ECO 550 Week 6 Discussion 1  "Market Structures" Please respond to the following:  · * From the scenario, assuming Katrina’s Candies is ope rating in the monopolistically competitive market structure an d faces the following weekly demand and short- run cost functions:  VC = 20Q+0.006665 Q2 with MC=20 + 0.01333Q and FC = $5,000  P = 50-0.01Q and MR = 50-0.02Q

20.  For more course tutorials visit  www.uophelp.com www.uophelp.com  ECO 550 Week 6 Discussion 2  "Maximizing Revenue" Please respond to the following:  · * From the scenario, assuming Katrina’s Candies is operati ng in the monopolistically competitive market structure and face s the following weekly  demand and short-run cost functions:  VC = 20Q+0.006665 Q2 with MC=20 + 0.01333Q and FC = $5, 000  P = 50-0.01Q and MR = 50-0.02Q  *Where price is in $ and Q is in kilograms. All answers should be rounded to the nearest whole number.

21.  For more course tutorials visit  www.uophelp.com www.uophelp.com  ECO 550 Week 7 Discussion 1  "Predicting Price- Setting Strategies" Please respond to the following:  · * From the scenario for Katrina’s Candies, determine th e importance of predicting the pricing strategies of rival firms in an industry  characterized by mutual interdependence. Provide a rationale for your response. 

22.  For more course tutorials visit  www.uophelp.com www.uophelp.com  ECO 550 Week 7 Discussion 2  "Price-Setting Strategies" Please respond to the following:  · Examine the common price setting strategies of airline s that use game theory. Predict the potential effects of such p ricing strategies on the demand for seats,  and conclude the resulting impact on the profitability of the ai rlines. 

23.  For more course tutorials visit  www.uophelp.com www.uophelp.com  ECO 550 Week 8 Discussion 1  "Entering a Merger" Please respond to the following:  · * From the scenario for Katrina’s Candies, examine the major implications for firms entering into a merger.  Explain the criteria the U.S. Department of Justice and the Fed eral Trade Commission would follow when deciding on wheth er or not to approve a proposed merger 

24.  For more course tutorials visit  www.uophelp.com www.uophelp.com  ECO 550 Week 8 Discussion 2  "Organizational Form" Please respond to the following:  · Examine two (2) organizational forms of business (e.g., fu nctional, product, etc.). Predict the possible implications of the p rincipal agent relationship  for each of these organizational forms of business. Determine w hich of the organization forms would have more of an economic i mpact on the operations  of the firm and its ability to maximize profits. Provide a rationale for your response. 

25.  For more course tutorials visit  www.uophelp.com www.uophelp.com  This Tutorial contains 2 Different Papers  Assume that the low- calorie microwavable food company from Assignments 1 and 2 wants to expand a nd has to make some long-term capital budgeting decisions.  Use the Internet and Strayer databases to research government policies and regula tion.  Write a six to eight (6-8) page paper in which you:  1. Outline a plan that managers in the low- calorie microwaveable food company could follow when selecting pricing strategie s for making their products as inelastic as possible. Provide a rationale for your re sponse.  2. Examine the major effects that government policies have on production and em ployment. Predict the potential effects that government policies could have on you r company.  3. Determine whether or not government regulation to ensure fairness in the low-

26.  For more course tutorials visit  www.uophelp.com www.uophelp.com  ECO 550 Week 9 Discussion 1  "Impact of Government Regulation" Please respond to the followi ng:  · * From the scenario for Katrina’s Candies, take a position a s to whether government regulation is constraining or enabling i n this situation,  as it relates to the operational efficiency of the company. Specula te on the fundamental manner in which government regulation c ould impact the  shareholders’ wealth and profitability. 

27.  For more course tutorials visit  www.uophelp.com www.uophelp.com  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 nee ds more or less government regulation.  Support your position with two (2) examples of the impact of regulation.

28.  For more course tutorials visit  www.uophelp.com www.uophelp.com  ECO 550 Week 10 Discussion 1  "Long-Term Investment" Please respond to the following:  · * From the scenario for Katrina’s 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 Katrina’s Candies ( e.g., whether to hire more staff or hire temporary workers to meet production schedules). 

29.  For more course tutorials visit  www.uophelp.com www.uophelp.com  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.  Related Tutorials

30.  For more course tutorials visit  www.uophelp.com www.uophelp.com  aECO 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 positio n. Provide a rationale for your response. 

31.  For more course tutorials visit  www.uophelp.com www.uophelp.com  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 an d globalization. Provide a rationale for your res ponse. 

32. For more course tutorials visit www.uophelp.com