Categories
Micro Economics

Does price discrimination increase or decrease the publisher’s profit?

The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
• All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
• Submissions without this cover page will NOT be accepted.
Assignment Questions
Q1
Mohamedproduces Toys in the perfectly competitive Toys market.
1) Fill in the missing values in the following table:(5 marks)
Output per week
Total Cost
FC
VC
AFC
AVC
ATC
MC
0
$100
1
150
2
175
3
190
4
210
5
240
6
280
7
330
8
390
9
460
10
540
2) Suppose the equilibrium price in the Toysmarket is $30. How many Toys should Mohamed produce? How much profit will he make?(1 mark)
3) If next week the equilibrium price of Toys drops to $15, should Mohamed shut down? Explain.(1mark)
Answer:
Q2
A publisher initially prices both hardback books and paperback books at $20 per book.Thehardback version comes outfirst, followed two months later by thepaperback version.The publisher initially sells thesame number of hardbacks and paperbacks (100 each). Each book costs $2 to produce.
a. Complete the following table.(2 marks)

Price
Quantity
Total Revenue
Total Cost
Profit
Hardback
$20
100
Paperback
$20
100
Total
200
b. The price elasticity of demand for hardback (eager) buyers is 0.50, and the price elasticity of demand for paperback (patient) buyers is 2.00. Suppose the publisher increases the price for hardbacks by 10 percent and decreases the price of paperbacks by 10 percent. Complete the following table.(2 marks)
Price
Quantity
Total Revenue
Total Cost
Profit
Hardback
$22
Paperback
18
Total
c. Does price discrimination increase or decrease the publisher’s profit? (1 mark)
Answer:
Q3 (3 marks)
Suppose a firm producing baseball, it is operating in the short run. The price of baseball is $5, the hourly wage is $12, and each baseball requires $1 worth of material. The firm has experimented with different workforces and the results are shown in thefirst two columns of the following table.
1. Fill in the blanks in thetable.
2. Is it sensible to continue to operate at a loss with 14workers?
3. Would it be better to operate with 15 workers? Explain,using the marginal principle.
Workers
Baseball
Labor Cost
Material Cost
Variable Cost
Total Revenue
Marginal
Cost
14
56
15
60
Answer:

Categories
Micro Economics

Is there any geopolitical and environmental issues of the production of this commodity.

1.Supply and Demand profile of this commodity which includes international as well as domestic market.
2. Create annual price profile in USD currency for this commodity for the last 20 years and comment about price cycle.
3. The area of the usage of this commodity.
4. The future outlook of this commotidy i.e., supply and demand expectaions, price expactations, new projects etc.
5. Where are the big resources and mines currently active and what type of advanced technology do they use.
6. Is there any geopolitical and enviornmental issues of the production of this commodity.
7. Is this a strategically important commodity for Australia Why and why not.
It is expected that your assignment will consist of:
1) · Introduction describing context: 5 points
2) · Detail of the 7 subjects listed before : 20 points 3) Conclusions: 3 points
4) References (Follow any one style like Chicago, Harvard or APA 6): 2 points
Reporting rules:
2. Word Limit: 1200 excluding figures and references. Citation: APA6
3. Report type: MS WORD
4. Do use graphics and figures.
5. This assignment is to be undertaken individually
Report through Turnitin

Categories
Micro Economics

What are the methods of payment available in the online store?

Requirement:
This is a continuous activity for part A, keep working on the same website you have chosen in part A. In this part you are required to evaluate one of the websites below based on what you learn from this course and your perspective. The evaluation will cover the different aspects of ECommerce such as business idea, website design, marketing, security … etc.
You will need to analyze the business and provide suggestions to improve the current business situation.
The following questions require critical thinking to be answered successfully. The answers to these questions will drive the ways of improvement of the current e-commerce business.

Site Design 3 marks
Evaluate the website design focusing on the eight most important factors in successful ecommerce site design (ease of use, ease of purchase, simple graphics … etc.). You are required to evaluate each factor.(Refer to Chapter 3 – Page 212 in the book and/or Slide 43).Business software 2 marks
Explain the different types of software used on the website to perform the current functionalities.Payment and Security 3 marks
What are the methods of payment available in the online store?
What are the technologies used on the website to secure the online transactions?
o What other technologies can be added? Explain why?
What is the current privacy policy of the online store? Outline how the information is collected and used? o What can be added to the privacy policy? Explain why?Categorize marketing and advertising strategy and method. 2 marks
Explain the current online, offline, and social media marketing strategies of the e-commerce business? Provide photos or screenshots of your business marketing activities.Know your competitors. 3 marks
Choose a website of one competitor in the same industry (locally or globally) and compare it with your chosen company’s site. Indicate why the competitor’s website is better or worse than the chosen company’s website. Provide one competitor SWOT analysis with screenshots of their website activities.Conclude your report. 2 marks
o Discuss possible suggestions to improve the site design.
The development of an e-commerce website requires more interactive functionalities, such as the ability to respond to user input (name and address forms), capturing customer orders for goods and services, clearing credit card transactions on the fly, consolidating price and product databases, and even adjusting advertising on the screen based on user characteristics.
What can be done to improve the software?
(See the book: page 295-296)
o What other methods can be added? Explain why?
What can be done to improve the marketing aspects of the business?
o What can be done by learning from your competitor’s experience?

Summarize the above points and include your recommendation to improve the e-commerce business. Presentation must have the following format:
1. First slide: Cover Page
2. Business profile: Name of the business and what is your
business, target market, marketplace, products and services
provided.
3. Explain the business system design. (Business objectives,
system functionality, information provided).
4. Explain the current business e-commerce features.
5. Explain the business e-commerce process.
6. Explain the business software
7. Explain the payment and security of the chosen website
8. What is the marketing and advertising strategy?
9. Competitor SWOT analysis
10. Conclusion
11. References
Guidelines for the Presentation:
There must be 10 slides in the presentation.
Each group will have 10 minitues to present and 2 minitues
for Q&A.
All group members should participate in presenting infront
of the class.
The slides should have a clear background design, readable
font size and style with appropriate color.
The power-point presentation must answer all the above
parts.
Make sure to include the cover page in the first slide.
Work with the same group members
Ensure that you follow the APA style in your references.
The minimum number of required references is 5 references
using APA style.
Up to 20% of the total grade will be deducted for providing
a poor structure of presentation. Structure includes these
elements presentation style, free of spelling and grammar

Categories
Micro Economics

Does price discrimination increase or decrease the publisher’s profit?

Q1
Mohamed produces Toys in the perfectly competitive Toys market.
Fill in the missing values in the following table: (5 marks)
Suppose the equilibrium price in the Toys market is $30. How many Toys should Mohamed produce? How much profit will he make? (1 mark)
If next week the equilibrium price of Toys drops to $15, should Mohamed shut down? Explain. (1 mark)

Output per week
Total Cost
FC
VC
AFC
AVC
ATC
MC

0
$100

1
150

2
175

3
190

4
210

5
240

6
280

7
330

8
390

9
460

10
540

Answer:

Q2
A publisher initially prices both hardback books and paperback books at $20 per book. The hardback version comes out first, followed two months later by the paperback version. The publisher initially sells the same number of hardbacks and paperbacks (100 each). Each book costs $2 to produce.
a.Complete the following table. (2 marks)

Price
Quantity
Total Revenue
Total Cost
Profit

Hardback
$20
100

Paperback
$20
100

Total
200

b. The price elasticity of demand for hardback (eager) buyers is 0.50, and the price elasticity of demand for paperback (patient) buyers is 2.00.Suppose the publisher increases the price for hardbacks by 10 percent and decreases the price of paperbacks by 10 percent. Complete the following table. (2 marks)
Price
Quantity
Total Revenue
Total Cost
Profit

Hardback
$22

Paperback
18

Total

c. Does price discrimination increase or decrease the publisher’s profit? (1 mark)

Answer:

Q3(3 marks)
Suppose a firm producing baseball, it is operating in the short run. The price of baseball is $5, the hourly wage is $12, and each baseball requires $1 worth of material. The firm has experimented with different workforces and the results are shown in the first two columns of the following table.
1. Fill in the blanks in the table.
2. Is it sensible to continue to operate at a loss with 14 workers?
3. Would it be better to operate with 15 workers? Explain, using the marginal principle.
Workers
Baseball
Labor Cost
Material Cost
Variable Cost
Total Revenue
Marginal
Cost

14
56

15
60

Answer:

Categories
Micro Economics

Distinguish between four market structures

Week 8: Interactive activity
8.1 Learning Outcomes
1. Define monopoly, oligopoly, monopolistic competition, and perfect competition
2. Distinguish between four market structures
3. Explain the short-run output rule and the break-even price
4. Explain the shut-down rule
5. Explain why the short-run supply curve is positively sloped
6. Explain why the long-run industry supply curve may be positively sloped
7. Describe the short-run and long-run effects of changes in demand for an increasing-cost industry
8. Describe the short-run and long-run effects of changes in demand for a constant-cost industry
8.2 Action Required:
Reading
Read the following to prepare for this week:
Survey of Economics, Chapter 6: Perfect Competition
Video:
MIT OpenCourseWare video lecture series, “Competition I”
8.3 Test your Knowledge (Question):
Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below: and answer the question.

Question: What is perfect competition? Discuss how firms in perfect competition are price takers?
8.4 Instructions
Answer the question in test your knowledge section.
Post your answer in the discussion board using the discussion link below (Week8: Interactive learning Discussion)
from 150 to 200 words please

Categories
Micro Economics

Suppose the equilibrium price in the Toysmarket is $30. How many Toys should Mohamed produce?

The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
• All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
• Submissions without this cover page will NOT be accepted.
Assignment Questions
Q1
Mohamedproduces Toys in the perfectly competitive Toys market.
1) Fill in the missing values in the following table:(5 marks)
Output per week
Total Cost
FC
VC
AFC
AVC
ATC
MC
0
$100
1
150
2
175
3
190
4
210
5
240
6
280
7
330
8
390
9
460
10
540
2) Suppose the equilibrium price in the Toysmarket is $30. How many Toys should Mohamed produce? How much profit will he make?(1 mark)
3) If next week the equilibrium price of Toys drops to $15, should Mohamed shut down? Explain.(1mark)
Answer:
Q2
A publisher initially prices both hardback books and paperback books at $20 per book.Thehardback version comes outfirst, followed two months later by thepaperback version.The publisher initially sells thesame number of hardbacks and paperbacks (100 each). Each book costs $2 to produce.
a. Complete the following table.(2 marks)

Price
Quantity
Total Revenue
Total Cost
Profit
Hardback
$20
100
Paperback
$20
100
Total
200
b. The price elasticity of demand for hardback (eager) buyers is 0.50, and the price elasticity of demand for paperback (patient) buyers is 2.00. Suppose the publisher increases the price for hardbacks by 10 percent and decreases the price of paperbacks by 10 percent. Complete the following table.(2 marks)
Price
Quantity
Total Revenue
Total Cost
Profit
Hardback
$22
Paperback
18
Total
c. Does price discrimination increase or decrease thepublisher’s profit? (1 mark)
Answer:
Q3 (3 marks)
Suppose a firm producing baseball, it is operating in the short run. The price of baseball is $5, the hourly wage is $12, and each baseball requires $1 worth of material. The firm has experimented with different workforces and the results are shown in thefirst two columns of the following table.
1. Fill in the blanks in thetable.
2. Is it sensible to continue to operate at a loss with 14workers?
3. Would it be better to operate with 15 workers? Explain,using the marginal principle.
Workers
Baseball
Labor Cost
Material Cost
Variable Cost
Total Revenue
Marginal
Cost
14
56
15
60
Answer:

Categories
Micro Economics

Define financial system.

Week7: Interactive activity
7.1 Learning Outcomes:
Define financial system.
Describe the role of financial intermediaries.
7.2 Action Required:
Read the article by using the following link:
https://www.wallstreetmojo.com/financial-intermedi…
7.3 Test your Knowledge (Question):
Discuss the different types of financial intermediaries.
Describe the market for loanable funds and, how govt policies affect saving investment and, interest rate
7.4 Instructions
Answer the given question in your own word and it should be approximately 120 words.

Categories
Micro Economics

Describe in your own words the concept of market equilibrium.

Write down your response by addressing the following:
a. Describe in your own words the concept of market equilibrium.
b. What could cause the supply Curve to increase (shift to the Right)?
c. Give a realistic example of one these causes

Categories
Micro Economics

Discuss the difference between a change in quantity demanded and a change in demand.

Question 1 :Discuss the difference between a change in quantity demanded and a change in demand. Describe the changes in the variables that will cause the demand for a product to decrease, shifting the demand curve to the left.
Question 2 : Using concept of elasticity, explain why a Bumper Crop is Bad News for Farmers?