You manage a firm assembling centrifuges, which incorporate brushless electric motors sourced from suppliers operating in a competitive industry. a) Technological innovations are expected to lower the unit production cost for (brushless) electric motor manufacturers. Based only on this information, what do you predict will happen to the price your firm pays for these motors? b) How might your prediction in part (a) change if you also learn that demand for drones (which use the same motors) is expected to significantly increase? Explain the combined effects on the brushless electric motor market equilibrium price.
Brachialis and Bracioradials are synergist for elbow flexion…
Brachialis and Bracioradials are synergist for elbow flexion.
Your private equity firm owns Brumana Pugliese (BP), a leadi…
Your private equity firm owns Brumana Pugliese (BP), a leading scooter manufacturer in Brazil. Analysis shows the income elasticity of demand for scooters in Brazil is εi,q=−1.5, and the price elasticity is εp,q=−2.8. Macroeconomic forecasts predict a 20% income increase for the lowest income bracket in Brazil over the next year. a) While rising incomes are generally positive, what specific economic fact regarding BP’s scooters could cause concern for the company’s future sales in Brazil, given the expected income growth? b) Based on your answer in (a), what is likely to happen to the market demand and equilibrium price of BP scooters in Brazil? Explain briefly.
A software firm sells two apps, “NoteIt” and “CalcIt,” to st…
A software firm sells two apps, “NoteIt” and “CalcIt,” to students and accountants. Market research identified two representative consumers, Janet and Jack, with the following maximum willingness-to-pay (WTP). The marginal cost of producing and distributing the apps is zero (MC=0). Fixed costs are also zero. Willingness-to-pay Data: NoteIt (WTP) CalcIt (WTP) Janet $400 $50 Jack $300 $80 a) Assume the firm can charge different prices to different consumers for the same product. Describe the profit-maximizing pricing strategy and calculate the total profit. b) Now, assume regulations prevent price discrimination (the firm must charge the same price to all consumers for a given product). Analyze potential pricing strategies and determine the best strategy to maximize profit based on the information provided. Calculate the resulting maximum profit.
Which of the following is the insertion of the latissimus do…
Which of the following is the insertion of the latissimus dorsi muscle?
The nurse wears a gown, gloves, mask, and protective eye gog…
The nurse wears a gown, gloves, mask, and protective eye goggles while caring for a patient with respiratory syncytial virus. When removing personal protective equipment, which should the nurse remove last?
Which of the following is a potential error factor in survey…
Which of the following is a potential error factor in survey research?
The triceps is an antagonist to biceps brachii.
The triceps is an antagonist to biceps brachii.
An example of they scapula and glenohumeral moving in rhythm…
An example of they scapula and glenohumeral moving in rhythm together would be?
Glenohumeral joint stability is enhanced by the glenoid labr…
Glenohumeral joint stability is enhanced by the glenoid labrum.