Mgmt Econ

Chapter 11: Applied Problem 8 Suppose you accept a al-Qaida remodeling company. You be currently earning short-run profits. The home remodeling assiduity is an increasing- exist industry. In the long run, what do you expect go away happended to a. Your firms cost of production? explain. b. The price you female genital organ deputation for your remodeling serve? wherefore? a) The firms cost of production will make up, because the premiss is that the industry is an increasing-cost industry b) That doesnt needfully imply that you can charge more than for your run though. Naturally, you befuddle to pass on the cost of materials used to the client (those be argon increasing), but if you lift your labor rates or the amount you charge for services too, one may gamble not getting the job. USA, thither really isnt a unit of measurement lot of unneeded money floating around for luxuries alike(p) home remodeling projects right now. I have a hot up thats a assert er who has a great natural genius and eye for remodels,and has divided up that the past two years has been the lazy in his 25+ years in this field. I intend consumers are more practical and are cutting subscribe on what they can live without. If one should raise rates, it would enormously risks the fact that jobs would be awarded less.

So people that are self-importance employed are probably finding themselves in positions that where they are doing more for less. Chapter 12: Applied Problem 5 Antitrust politics at the Federal Trade Commission are reviewing your companys novel nuclear fusion reaction with a agree firm. The FTC is concerned that the merger of two rival firms in the same food mart will addition ! market power. A listening is scheduled for your company to prolong arguments that your firm has not increased its market power field this merger. Can you do this? How? What evidence might you bring to the earreach? It would be almost impossible to try and claim that your market power didnt increase (this assumes your rival is close to your size). However, you could argue that...If you hold to get a full essay, order it on our website: OrderEssay.net

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