BECO 4310
Fall 2016
Fitzgerald
Quiz 4
Please answer the question below.
1.
The short-run cost function of High Plains Feeds is given by the equation T C = 200+55q,
where T C is the total cost and q is the total quantity of output, both measured in
thousan
BECO 4310
Fall 2016
Fitzgerald
NAME:
Quiz 5
Answer the following question.
1.
McCoys Mufflers (MCM) installs mufflers on automobiles. Muffler installation is a
competitive industry, and the current market price is $150.
(a) Express the total revenues that
BECO 4310
Fall 2016
Fitzgerald
NAME:
Quiz 6
To answer the following questions, refer to this diagram:
The firm is a price taker at an output price of 40.
1.
The profit-maximizing output is
(a) 30
(b) 54
(c) 60
(d) 67
(e) 79
Solution: (d), where price is e
BECO 4310
Fall 2016
Fitzgerald
NAME:
Quiz 7
Please select the best answer from those provided for the following questions.
1.
Which of the following is NOT associated with a high degree of monopoly power?
(a) A relatively inelastic demand curve for the fi
BECO 4310
Fall 2016
Fitzgerald
NAME:
Quiz 8
Please select the best answer from those provided for the following questions.
1.
Barnes & Noble Booksellers has a membership program, in which consumers can purchase an annual membership for $25. The primary be
BECO 4310
Fall 2016
Fitzgerald
Problem Set 7
Due: Wednesday, 11/16/2016, 9 a.m. CST
Please complete the problems below, neatly showing all work for partial credit. During class
on 11/16, I will randomly choose one problem that I will grade. Each student w
BECO 4310
Fall 2016
Fitzgerald
NAME:
Quiz 9
Please select the best answer from those provided for the following questions. If you have
no answer, write a jokethe best joke in the section will receive one full point.
1.
Which of the following is true in th
BECO 4310
Fall 2016
Fitzgerald
NAME:
Quiz 10
Please select the best answer from those provided for the following questions. If you have
no answer, write a jokethe best joke in the section will receive one full point.
1.
Is there a first-mover advantage in
BECO 4310
Spring 2016
Fitzgerald
Problem Set 8
Due: Monday, 12/5/2016, 9 a.m. CST
Please complete the problems below, neatly showing all work for partial credit. During class
on 12/5, I will randomly choose one problem that I will grade. Each student will
BECO 4310
Fall 2016
Fitzgerald
NAME:
Quiz 11
Please select the best answer from those provided for the following questions. If you have
no answer, write a jokethe best joke in the section will receive one full point.
1.
The problem of adverse selection in
CASE STUDY MEMO
TO:
, BECO 4310 007
FROM:
DATE:
MARCH 9, 2016
RE:
NETFLIX
Netflix is an online company that began as a movie rental by mail, and has evolved and
outshined most of the movie competition market. Starting in 1998 with subscription sales total
CASE STUDY MEMO
TO:
, BECO 4310 007
FROM:
DATE:
APRIL 22, 2016
RE:
UBER PRICING STRATEGIES AND MARKETING COMMUNICATIONS
The most common problem Uber faced is their pricing strategies and their new
competition. The algorithm that was created for Ubers pric
CASE STUDY MEMO
TO:
, BECO 4310 007
FROM:
DATE:
FEBRUARY 26, 2016
RE:
THE SPRINGFIELD NOREASTERS: MAXIMIZING REVENUES IN THE MINOR LEAGUES
The main concern for Larry Buckingham, marketing director for the Springfield
Noreasters, was that the Noreasters mi
BECO 4310
Fall 2016
Fitzgerald
Quiz 2
Please complete the problems below. Showing your work may allow for partial credit.
1.
The slope of an indifference curve reveals:
(a) that preferences are complete.
(b) the marginal rate of substitution of one good f
BECO 4310
Fall 2016
Fitzgerald
Quiz 1
Please complete the problem below, neatly showing all work for partial credit.
1.
High-horsepower American muscle cars have a strong following around the world, and
support a vibrant second-hand market. Suppose that d
BECO 4310
Fall 2016
Fitzgerald
Problem Set 3
Due:Wednesday, 9/28/2016, 9 a.m. CST
Please complete the problems below, neatly showing all work for partial credit. During class
on 9/28, I will randomly choose one problem that I will grade. Each student will
BECO 4310
Fall 2016
Fitzgerald
Problem Set 1
Due: Friday, 9/9/2016, 10 a.m. CDT
Please complete the problems below, neatly showing all work for partial credit. During class
on 9/9, I will randomly choose one problem that I will grade. Each student will re
Topics for First Midterm BECO 4310 Fall 2016
10 Things Youre Supposed to Learn in BECO 4310
1. concepts of scarcity, choice, and opportunity cost
2. importance of marginal analysis
3. supply and demand schedules/curves
4. functioning of competitive market
BECO 4310
Fall 2016
Fitzgerald
Problem Set 3
Due: Wednesday, 9/26/2016, 8 a.m. CST
Please complete the problems below, neatly showing all work for partial credit. During class
on 9/26, I will randomly choose one problem that I will grade. Each student wil
BECO 4310
Fall 2016
Fitzgerald
Problem Set 6
Due: Monday, 10/31/2016, 8 a.m. CST
Please complete the problems below, neatly showing all work for partial credit. During class
on 10/31, I will randomly choose one problem that I will grade. Each student will
BECO 4310
Fall 2016
Fitzgerald
Problem Set 1
Due: Friday, 9/9/2016, 8 a.m. CST
Please complete the problems below, neatly showing all work for partial credit. During class
on 9/9, I will randomly choose one problem that I will grade. Each student will rec
BECO 4310
Fall 2016
Fitzgerald
Problem Set 2
Due: Monday, 9/19/2016, 8 a.m. CST
Please complete the problems below, neatly showing all work for partial credit. During class
on 9/16, I will randomly choose one problem that I will grade. Each student will r
BECO 4310
Fall 2016
Fitzgerald
Problem Set 4
Due: Friday, 10/7/2016, 8 a.m. CST
Please complete the problems below, neatly showing all work for partial credit. During class
on 10/7, I will randomly choose one problem that I will grade. Each student will r
BECO 4310
Fall 2016
Fitzgerald
Problem Set 5
Due: Wednesday, 10/12/2016, 8 a.m. CST
Please complete the problems below, neatly showing all work for partial credit. During class
on 10/12, I will randomly choose one problem that I will grade. Each student w
To:
Michael Giberson, BECO 4310-012
From: Travis Martin
Date: November 15, 2015
Re:
Merton Truck
During the July 1988 monthly planning meeting at Merton Truck Company, the company
president expressed his dissatisfaction with their financial performance ov
To: Michael Giberson, BECO 4310-006
From: Willie Quirova
Date: 11/3/16
Re: Superior Manufacturing Company
Even though we they are losing $2.16 per unit, we should continue with
production. As shown in the first table marked Stop vs. Continue, if we were t
To: Michael Giberson, BECO 4310-006
From: Willie Quirova
Date: 10/23/16
Re: Catawba Industrial co.
I recommend that the company produces 14 units of Light Weight Model and 11 units of
Standard Model on weekdays. Then produce 4 units of Standard Model on S
Shannon Davidson
BECO 4310
Kathleen Sheehan
4 May, 2015
Extra Credit Lecture
Robert Higgs began his lecture by mentioning the fact that government growing is a
process that cannot continue forever and that we need to stop or reverse this phenomenon.
Addit
Foundations/
Review of Concepts II
Applied Business Economics
BECO-4310
Fall 2016
Value is subjective.
Value is subjective.
Classical economists of the 18th and 19th
centuries held to a labor theory of value.
Value is subjective.
Classical economists of