{"id":33824,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/demand-and-supply-2"},"modified":"2017-08-16T06:21:35","modified_gmt":"2017-08-16T06:21:35","slug":"demand-and-supply-2","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/demand-and-supply-2\/","title":{"rendered":"demand and supply"},"content":{"rendered":"<div class=\"the_content_wrapper\">\n<p>demand and supply<br \/> Question 1:Your first task is to determine whether your firm is in a competitive industry.<\/p>\n<p>Based on the following demand function for the firm\u2019s product, what would you answer?<\/p>\n<p>Q = 50,000 \u2013 25*P<\/p>\n<p>Q = 50,000 \u2013 25*P Q = 50,000 \u2013 25*P<br \/> Q = 50,000 \u2013 25*1100 P = 2000 \u2013 Q \/ 25<br \/> Q = 50,000 \u2013 27,500 P = 2000 \u2013 22500 \/ 25<br \/> Q =22, 500 P = 2000 \u2013 900<br \/> P =1,100<br \/> Q is the amount produced and P is the price.<\/p>\n<p>Before starting your calculations, review materials on industry structure demands and prices and price, cost, and profit analysis.<\/p>\n<p>Submit your Competitive Industry Report and Calculations to the dropbox below. Be sure to show your calculations in Excel and provide a narrative analysis in PowerPoint. Your narrative analysis should summarize the results of your analysis and make recommendations for the benefit of company.<br \/> Before you submit your assignment, review the competencies below, which your instructor will use to evaluate your work. A good practice would be to use each competency as a self-check to confirm you have incorporated all of them in your work.<\/p>\n<p>3.1 Identify numerical or mathematical information that is relevant in a problem or situation.<br \/> 3.2 Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.<br \/> 3.3 Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.<br \/> 3.4 Employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making.<br \/> 10.1 Apply relevant microeconomics principles to support strategic decisions for the organization.<br \/> 10.2 Analyze financial statements to evaluate and optimize organizational performance.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>demand and supply Question 1:Your first task is to determine whether your firm is in a competitive industry. Based on the following demand function for the firm\u2019s product, what would you answer? Q = 50,000 \u2013 25*P Q = 50,000 <a href=\"https:\/\/www.benedictsol.com\/blogs\/demand-and-supply-2\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-33824","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/33824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=33824"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/33824\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=33824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=33824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=33824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}