Name:_______________________________ FOUNDATIONS OF COMPETITIVE ANALYSIS HOMEWORK 1 Jenny Ellis‚ Spring 2013 Due date: Thursday April 11‚ in class. Fill in the blanks‚ and briefly show your work 1. A partial income statement from Webfoot Industries‚ Inc. is shown below: Revenues Revenue from sales of goods and services ................ $27‚500‚000 Operating costs and expenses: Cost of products and services sold.............................. $15‚000‚000 Selling expenses .............
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answer. In your explanation‚ be sure to include how the necessity of a good and the availability of substitutes affect the price elasticity of demand in each of these specific cases: • Gasoline as a commodity This is inelastic because gasoline cannot be substituted with anything. • Gasoline sold at a local gasoline station Elastic because there is more gas stations to compete with. There is more competition. • Hotel rooms for people planning a vacation Elastic because people can look around
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rear axle‚ reducing energy loss. NEW TOYOTA 1FS Gasoline 3.5-5 ton models TOYOTA 14ZII Diesel 8FG45 02-7FG45 NEW Eco-mode OPT Gasoline models NEW Engine Auto Stop Gasoline models OPT Note: This is included in Deluxe Multifunction Display (OPT) . Make sure to follow proper parking process when parking the forklift. (e.g. turn off the engine) 10 % less less With new engine(gasoline models) ‚ Load-sensing power steering and high-efficiency
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Section One: Multiple Choice 1. If a 20% decrease in the price of long-distance phone calls leads to a 35% increase in the quantity of calls demanded‚ you may conclude that the demand for phone calls is a. elastic b. inelastic c. unit elastic d. stretchy elastic 2. Which of the following pairs are examples of substitutes? a. Popcorn and soda b. Automobiles and bicycles c. Boats and fishing tackle d. Wine and cheese 3. If a price in a competitive market is “too high to clear the
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1905‚ gasoline was readily available‚ which was not the case with ethanol. Henry Ford also designed a Fordson tractor that would burn alcohol as well as fossil fuel‚ but never managed to put this model into production‚ due to high distillation costs. During the Great Depression‚ Henry Ford looked for ways to recycle waste created by his factories and to help relieve the fuel burden on the public. By mixing one part light oil‚ a byproduct from the coal in coke ovens‚ and three parts gasoline‚ Ford
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“I certify that I have read A Student’s Guide to Academic Integrity at the University of Oklahoma‚ and this paper is an original paper composed by me for this course. Except where properly cited and attributed‚ it has not been copied or closely reworded from any other source and has not been submitted as a whole‚ or in part‚ for credit in any other course at OU or any other educational institution. It has not been created or submitted for any other purpose such as a job assignment at my workplace
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Golden rays ready to replace Black Gold’. {draw:a} Student no: 12311461. *Course: Entrepreneurship* (LB5207). Topic: Solar cars- Golden rays ready to replace Black Gold. With the fuel crisis seen in the last decade and the current gasoline prices at an all time high there was need for a renewable source of energy that was more affordable and eco-friendly. Solar energy was the perfect answer. Almost all energy on Earth comes from the sun. The Solar technology aims at converting the
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guilty) b.i. Batteries were too weak to make the car go as far as consumers were hoping so they bought the less expensive gasoline vehicles that could go the desired distance. c. Oil Companies (guilty) c.i. Oil companies got very involved with electric cars because if everyone were to switch to battery operated vehicles‚ there would no longer being a large demand for gasoline. d. Car Companies (guilty) d.i. The GM car didn’t seem to be catching on and there did not seem to see a profit in electric
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Practice Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) If the marginal benefit of pizza exceeds the marginal cost of pizza‚ then compared to the allocatively efficient quantity‚ we are producing too ________ pizza and too ________ of other goods. A) little; much B) little; little C) much; little 1) D) much; much Answer: A 2) ________ is the difference between the value
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To an automotive engineer or enthusiast‚ it means something‚ but for a common man‚ it may not make much sense. MPFI means – Multi-point Fuel-Injection (also called fuel-injection system) [pic] The term MPFI is used to specify a technology used in Gasoline/petrol Engines. For Diesel Engines‚ there is a similar technology called CRDI. MPFI System is a system which uses a small computer to control the Car’s Engine. A Petrol car’s engine usually has three or more cylinders or fuel burning zones. So in
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