Suppose that a market is described by the following supply and demand equations: [2 Marks]
QS = 2P QD = 300 – P
a. Solve for the equilibrium price and the equilibrium quantity.
b. Suppose that a tax of T is placed on buyers, so the new demand equation is
QD = 300 – (P + T).
Solve for the new equilibrium. What happens to the price received by sellers,
the price paid by buyers, and the quantity sold?
c. Tax revenue is T X Q. Use your answer to part (b) to solve for tax revenue as a function of T. Graph this relationship for T between 0 and 300.
d. The deadweight loss of a tax is the area of the triangle between the supply and demand curves. Recalling that the area of a triangle is 1 ⁄2 x base x height, solve for deadweight loss as a function of T. Graph this relationship for T between 0 and 300. (Hint: Looking sideways, the base of the deadweight loss triangle is T, and the height is the difference between the quantity sold with the tax and the quantity sold without the tax.)
e. The government now levies a tax on this good of $200 per unit. Is this a good policy? Why or why not? Can you propose a better policy?
Illustrates the market for pizza is characterized by a downward-sloping demand curve
and an upward-sloping supply curve. [1.5 Marks]
a. Draw the competitive market equilibrium. Label the price, quantity, consumer
surplus, and producer surplus. Is there any deadweight loss? Explain.
b. Suppose that the government forces each pizzeria to pay a $1 tax on each pizza sold. Illustrate the effect of this tax on the pizza market, being sure to label the consumer surplus, producer surplus, government revenue, and
deadweight loss. How does each area compare to the pre-tax case?
c. If the tax were removed, pizza eaters and sellers would be better off, but the
government would lose tax revenue. Suppose that consumers and producers voluntarily transferred some of their gains to the government. Could all parties (including the government) be better off than they were with a tax? Explain using the labeled areas in your graph
What argument is there for having brick-and-mortar stores? Explain
What argument is there for having brick-and-mortar stores? Explain
What advice would you give to retailers to counteract this trend in the retail industry?
What advice would you give to retailers to counteract this trend in the retail industry?
Identify an article from the last 3 years and discuss why the article is important in relation to marketing and social media.
Identify an article from the last 3 years and discuss why the article is important in relation to marketing and social media. Be sure to include the URL and comment on others’ articles as well.
Discuss how executive leadership is an important part of a strategic management? Give examples from real market.
Discuss how executive leadership is an important part of a strategic management? Give examples from real market.
In what ways can a corporation’s structure and culture be internal strengths or weaknesses?
In what ways can a corporation’s structure and culture be internal strengths or weaknesses?
Compare independent variables, dependent variables, and extraneous variables. Describe two ways that researchers attempt to control extraneous variables. Support your answer with peer-reviewed articles.
Describe the “levels of evidence” and provide an example of the type of practice change that could result from each.
Have you ever been placed in a situation where your ethics were challenged professionally?
Have you ever been placed in a situation where your ethics were challenged professionally? If so, describe this experience and how you responded. If not, explain how you would respond if this were to happen in the future
Write about logistics performance priorities for “Albaik” fast food restaurant chain in Covid 19 restrictions; (Located in Saudi Arabia ) explain why you have come to your conclusions:
The purpose of this assignment is to identify and apply Logistics and Supply Chain Management concepts/tools to suggest logistics performance priorities. To this purpose, you should search and review about these companies through secondary available information. Think about how you can apply the concepts/tools that you learned in this course.
Write about logistics performance priorities for “Albaik” fast food restaurant chain in Covid 19 restrictions; (Located in Saudi Arabia ) explain why you have come to your conclusions:
The Answer must follow the outline points below:
1. Executive summary (1Mark, word count rage 300-500)
– Summarize what is logistics performance priorities, what Logistics and Supply Chain Management concepts/tools applied to achieve the company’s objective.
2. Background information (1Mark, word count rage 300-500)
– Briefly introduce the company background (e.g., name, products, business size, location, internal/external interesting facts, etc).
3. Problem Description (1Marks, word count rage 300-500)
– Describe the objectives clearly and specifically.
– The objective may involve either logistics decision-making or process improvement.
4. Results by using application of logistics and SCM concepts/tools that applied (1Mark)
– Describe what specific logistics and Supply Chain Management concepts/tools be applied to achieve the objective.This section should make it clear that you understand the concepts/tools you are about to use.
5. References at least 5 to 7. (1 Marks)