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  ECO 204 Assignment Week 2: Raise or Lower Tuition

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  Raise or Lower Tuition?

  You have been hired by Nobody State University (NSU) as a consultant to help the university with how to increase their total revenue. The university has been struggling in recent years, so they have hired you to help them in their last attempt to find an appropriate solution so that the university can survive.

  Raise or Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition.

  • Assess a raise in tuition and if it will necessarily result in more revenue.
  • Describe the conditions under which revenue will (a) rise, (b) fall, or (c) remain the same.
  • Explain the process of revenue at NSU, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from possible lower enrollment.
  • If the true price elasticity were (-1.2), discuss what you would suggest the university do to expand revenue.
  • Using what you have learned in this course, explain how you would resolve this problem if you were the President of NSU.

  In a three- to five-page paper (not including title and reference pages), provide subheadings or separate paragraphs for each of the questions listed to help focus your paper for the executives that have requested it. Support your paper with at least two academic sources from the Ashford Library.
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  BUS 640 Week 2 Assignment

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  BUS640 Week 2 Assignment

  Consumer Demand Analysis and Estimation Applied Problems
  Please complete the following two applied problems:
  Problem 1:
  Patricia is researching venues for a restaurant business. She is evaluating three major attributes that she considers important in her choice: taste, location, and price. The value she places on each attribute, however, differs according to what type of restaurant she is going to start. If she opens a restaurant in a suburban area of Los Angeles, then taste is the most important attribute, three times as important as location, and two times as important as price. If she opens a restaurant in the Los Angeles metropolitan area, then location becomes three times as important as taste and two times as important as price. She is considering two venues, respectively, a steak restaurant and a pizza restaurant, both of which are priced the same. She has rated each attribute on a scale of 1 to
  100 for each of the two different types of restaurants.
  Attribute
  Taste
  Location
  Price

  Show all of your calculations and processes. Describe your answer for each question in complete sentences.

  a. Which of the two options should Patricia pursue if she wants to open a restaurant in a suburban area of Los Angeles? Calculate the total expected utility from each restaurant option and compare. Graph is not required. Describe your answer, and show your calculations.

  b. Which of the two options should she pick if she plans to open a restaurant in the Los Angeles metropolitan area? Describe your answer, and show your calculations.

  c. Which option should she pursue if the probability of finding a restaurant venue in a suburban area can be reliably estimated as 0.7 and in a metropolitan area as 0.3? Describe your reasoning and show your calculations.

  d. Provide a description of a scenario in which this kind of decision between two choices, based on weighing their underlying attributes, applies in the “real-world” business setting. Furthermore, what are the benefits and drawbacks, if any, to this method of decision making?

  Problem 2:

  The demand function for Newton’s Donuts has been estimated as follows:
  Qx = -14 – 54Px + 45Py + 0.62Ax
  where Qx represents thousands of bagels; Px is the price per bagel; Py is the average price per bagel of other brands of bagels; and Ax represents thousands of dollars spent on advertising Newton’s Donuts. The current values of the independent variables are Ax=120, Px=0.95, and Py=0.64.

  Show all of your calculations and processes. Describe your answer for each question in complete sentences, whenever it is necessary.

  a. Calculate the price elasticity of demand for Newton’s Donuts and describe what it means. Describe your answer and show your calculations.

  b. Derive an expression for the inverse demand curve for Newton’s Donuts. Describe your answer and show your calculations.

  c. If the cost of producing Newton’s Donuts is constant at $0.15 per donut, should they reduce the price and thereafter, sell more donuts (assuming profit maximization is the company’s goal)?

  d. Should Newton’s Donuts spend more on advertising?

  Reference:
  Douglas, E. (2012). Managerial Economics (1st ed.). San Diego, CA: Bridgepoint
  Education
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  Bus 642 Week 2 Assignment

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  Chapter 2 #1 (1/1)
  a What are the most prudent decisions she can make about her responsibilities to herself and others?

  b. What are the implications of those decisions even if there is no violation of law or regulation?

  Chapter 6 #1-5 (.5/.5)
  1. Distinguish between the following:
  a Exploratory and formal studies.

  1. Experimental and ex post facto research designs.
  2. Descriptive and causal studies.
  3. Establishing causality is difficult, whether conclusions have been derived inductively or deductively. Source? (1/1.5) Explain and elaborate!!!
  4. Explain and elaborate on the implications of this statement.
  5. Why is ascribing causality more difficult when conclusions have been reached through induction?

  3 Using yourself as the subject, give an example of each of the following asymmetrical relationships: (.5/.5) a. Stimulus-response

  1. Property-disposition
  2. Disposition-behavior
  3. Property-behavior
  4. Why not use more control variables rather than depend on randomization as the means of controlling extraneous variables?
  5. In what ways are these two approaches similar?
  6. In what ways are they different?

  Chapter 4 #7
  How can MindWriter’s existing database of service complaints be used to accumulate service problem information in advance of the proposed research? What information should be sought?
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  Dell Supply Chain

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  Contents

  Dell’s Success

  Dell’s SCM Challenges

  Tailored Supply Chain
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  BUS3022 SCM Case Analysis: Amazon.com

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  SCM Case Analysis: Forecasting and Planning

  In Units 3, 4, and 5, you will be developing our course project. First, you will select one company from the list below to focus on during these three units:

  · L. L. Bean.

  · Amazon.com

  · Starbucks.

  · Apple.

  · Walmart.

  For your Unit 3 assignment, you are to research and write about the company that you have selected from the above list and respond to the following questions. You can research your responses in your textbook, in the Capella library, and on the Internet:

  · Describe their business model and explain their supply chain strategy.

  · Discuss the global challenges that they face in their supply chain.

  · Discuss the importance of aggregate planning to their supply chain and their partners.

  · What role does demand forecasting play in their supply chain strategy?

  · Explain how pricing promotions are used to change demand.

  Submit your answer in a Microsoft Word document in 800–1000 words. All written assignments should follow APA rules for attributing sources.
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  BSHS/406 Week 1: Life Cycle

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  Demonstrate the life cycle as a key component in understanding the individual and what impacts that individual as result of being in the cycle of his or her life.

  Include three of the major concepts in the family or individual life cycle:

  Include how self-determination impacts an individual’s ability to successfully negotiate challenges in each life cycle.

  Include how autonomy impacts an individual’s ability to successfully negotiate challenges in each life cycle.

  Explore how policies and legislation could impact the family or individual during each life cycle.
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  Explain how profits, piety, and politics affected American foreign policy in the late 19th century

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  DB # 5

  Explain how profits, piety, and politics affected American foreign policy in the late 19th century.

  DB # 6 Chapter 19:

  Briefly discuss the major problems of American society that concerned the social justice progressives and explain how they tried to confront these issues. Also, what was the one thing that the Progressives lacked in their vision?

  DB # 7 Chapter 20:

  Discuss the reasons the United States government announced a policy of neutrality at the outbreak of the war in Europe in 1914, as well as the difficulties the U.S. had in maintaining such a policy prior to its entry into the war in 1917. What do you think the outcome of the Great War would have been if the U.S. did not get involved?

  DB # 9 Chapter 22:

  Why do you feel the New Deal was or was not successful in solving the problems of the Great Depression.

  DB # 10 Chapter 23:

  Should the United States have used the atomic bomb to end World War II?

  DB#11 Chapter 24:

  What impact did the Cold War have on society at home?

  DB#13 Chapter 26:

  Pretend that you are preparing a television documentary about the Civil Rights movement during the 1960’s. What events would you show? Who would you interview or discuss?
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  Matching the project manager’s leadership style to project type

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  Evaluate the claim of the authors Article “Matching the project manager’s leadership style to project type” that the project manager’s leadership style influences project success. Identify and briefly evaluate one of the leadership traits possessed by some project managers that the authors state as unimportant and possibly detrimental to the success of a project.
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  Justify the fundamental reasons that marketers…

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  Justify  the  fundamental  reasons  that  marketers  should  closely  monitor  the actions of rivals in order to proactively address developing issues, events, and circumstances. Provide one (1) example of such successful close monitoring to support your rationale.

  Evaluate the value afforded by Lehmann and Winer’s  Level of Competition Model as an instrument for engendering the accurate identification and understanding of competition within the health care industry. Provide at least two (2) specific examples of Lehmann and Winer’s Level of Competition Model that apply within a health care organization with which you are familiar.