Mba5010 what is the producer surplus final essay
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Instructions:
Mba5010 what is the producer surplus final essay
MBA 5010 Week 6 Assignment (Rev 2)
The weekly assignments are intended to be completed individually. It is important in an online program that you pay careful attention to when it is and is not appropriate to work with peers. Misunderstandings can have significant consequences. By submitting this assignment, you are attesting that you completed this work without assistance from another current or former student of this class. Exceptions can be made for tutors, but only with prior consent from your instructor.
Your answer will be evaluated based on correctness, completeness, and clarity. Be attentive to your writing. You have until midnight CST Sunday to submit both parts of this assignment.
Part A (25 Points)
Joes Plain-o Bikes makes and sells a single model of a basic single speed bike. Joe sells the bike to low-end bike shops for $75. They in turn retail the bike for $150. Joes cost of making each bike is $25 and his overhead averages out to around another $25. Answer the following:
Question 1 What is Joes profit (or margin) per bike?
Respond here
Question 2 What is Joesproducer surplus per bike?
Respond here
Question 3 What happens to consumer and producer surplus if he lowers the price to zero?
Respond here
The bus service the Meanwells began is the only one in their small city. Well also assume theres no other alternative form of public transportation.
Question 4 – For each of the determinants of elasticity, speak directly to its impact on the price sensitivity of the bus service.
Respond here
Question 5 Outline one proactive step the Meanwells might take to reduce the price sensitivity of their bus service so they can increase the price charged?
Respond here
Part B (25 points)
This week you are to complete a FINAL response to the following questions. The class will be divided into groups so you and your peers may collaborate on Part B of this assignment. This final response will be evaluated on content as well as completeness and clarity.
In week 1, we analyzed the sharing economy. This week, youre going to build on the knowledge you gained. Your assignment is to deconstruct the economics underlying AirBnB. Specifically, I want you to answer the following questions:
What resources are being shared?
What is the opportunity cost of the resources consumed to facilitate this sharing?
How does this create value for customers?
Does the value created for customers outweigh the opportunity cost of the resources consumed?
Does AirBnB capture a sufficient amount of any value generated to remain a viable business?
The purpose of this question is to provide you an opportunity to demonstrate your understanding of the economics of value creation. So, emphasize this aspect of your answer. Shoot for 500 words, although no one is going to count so long as youre close.
Respond here
Mba5010 what is the producer surplus final essay
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Mba5010 what is the producer surplus final essay