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Suppose Bruce's Blue Water ('BBW') has a monopoly in the market for water in Bingworld.

Explain why BBW's marginal revenue curve sits below the demand curve it faces. If demand is a downward-sloping straight line, what is the relationship between the slope of the demand curve and that of the marginal revenue curve?

Suppose BBW faces a demand curve of P = 100 - 8Q, where Q is in megalitres. If the monopolist also has a constant marginal cost of $4 per megalitre, what is the price and quantity it will charge to maximise its profit?

If BBW's maximum profit is $168, how much are their fixed costs? Calculate the ATC at the profit maximising quantity and graph the area that represents this maximum profit, including the ATC, MR, MC and Demand curves.the question is okay

1- Company YSJ approaches your financial institution for a bankers' acceptance (BA), with a face value of $7,000,000, for a 90-day term. Assuming the discount rate is 2.74%, what will the BA trade for today? Also, provide calculations that show YSJ's true cost, on an annual basis.

2- A T-bill's current price is $982, and has 182 days to maturity; using calculations, show the difference between the bond discount yield (rBDY) and bond equivalent yield (rBEY). Also, use the formula from class, to calculate the rBEY, given your rBDY value

The following questions use data from Japan, where the government sets the price of health care. Each prefecture in Japan has a different set of prices, with data from 1999 below:

Region

Outpatient visits (Q) Price/visit (P) Tokyo

1.25/month 20 Hokkaido

1.5/month 10

1. Think of these as two points on the demand curve for outpatient visits. What is the price elasticity of demand for health care in Japan at a price of 20? What is the price elasticity of demand at a price of 10?

2. Using your calculation of the elasticity at P = 20, what would you predict for Q if the price in Tokyo was raised to 30? Using your calculation of the elasticity at P = 10, what would you predict for Q if the price in Hokkaido was lowered to 5?

You continue to observe this health care system into the year 2000, when both regions were given new prices.

Region

Outpatient visits (Q) Price/visit (P) Tokyo

1.0/month 30 Hokkaido

1.2/month 15

3. What is the price elasticity in 2000 at a price of 30, and what is the price elasticity at a price of 15?

4. Now take the numbers for both tables, and think in terms of separating the two cities. Using just Tokyo data to establish the demand curve/slope, what is the price elasticity of demand at P = 20, and what is it at P = 30? Using just Hokkaido data to establish its own demand curve/slope, what is the price elasticity of demand for prices of 10 and 15?

5. Using your elasticities from (e) - what would you predict for Q if the price in Tokyo was raised the next year from 30 to 60? What would you predict in Hokkaido if the price is raised from 15 to 60?

6. Write down a few difficulties with estimating price sensitivity (elasticity) in the market for health care.

Strategic Implementation

A. Production

How will you produce your product?

What value will you create and capture with your product?

What is your competitive advantage?

What technology will you use, i.e. reduced tillage, GPS systems, etc.?

What processes will you use to produce products?

What growth options will you use to develop the business unit?

Enterprise Expansion

Replicate

Integrate

Network

What is the anticipated timeline?

B. Resource Needs

In order to effectively organize your business you need to insure the resources are available. Assess those needs here.

a) Human

What skills are needed?

How will human resources be acquired?

b) Financial

What level of financial resources will be needed?

c) Physical

What type, quantity and quality of physical resources will be required?

C. Sourcing/Procurement Strategy

On what do you base a decision to buy products or services? Price? Quality? Convenience? Extra service? A combination?

By what venue will you find suppliers local dealer, Internet, direct from manufacturer, etc.?

D. Marketing Strategy

What is your sales plan?

What advertising and promotion will be used to increase sales/awareness?

Where will you sell products/services?

Will you use the open market or contracts?

Do you have a preferred market outlet?

Are you a qualified supplier for a specific processor or buyer?

How will you price the product?

a) Hedging, forward pricing, options

How will you use these to mitigate your risk?

b) Contracting

Will you use production or marketing contracting to reduce risk?

c) Insurance

How will you use crop, liability and other insurance?

E. Performance Standards

What performance standards will be used to monitor this enterprise or business unit?

What are acceptable performance standards?

What yield or output levels could you attain?

What efficiency levels will you reach?

What procedures will be used to monitor performance?

Who is responsible for monitoring performance?

What industry benchmarks will be used to assess performance?

Additional instructions from the student: For a home Inspection company.

Vision/Mission Statement and Goals

A. Vision Statement Level Property Inspections is a home inspection company. Buying a home is one of the biggest investments you and your family will make for your present and future. Buying a home with a little more peace of mind is always nice. Level Property Inspections knows from experience the worries of buying a home. The process can be extremely confusing, frustrating, and stressful.

There are, as with any investment, risks. However, a trustworthy and professional home inspection with Level Property Inspections is one way to ease some of those stressors. Level Property Inspections aims to be just that for its customers. A professional inspection can also reduce your overall risk. Thus, making the buying experience a more favorable adventure.

B. Goals and Objectives Level Property Inspections is to be a part-time and retirement job. This will allow me to have extra income now and later in life. Owning a business is something I have always wanted to accomplish in life.

The first objective is to obtain the proper schooling/training that I will need to become a certified home inspector. Following the technical training, I will join InterNACHI, an international, professional organization for home inspectors, and stay in good standing. This objective will keep me up to date with common building practices and allow me to give the best knowledge to my customer.

The second objective is to network with realtors and other people in the real-estate industry. This will have to be in the service area I have specified. Keeping a good working relationship with these realtors and a professional reputation as one of the best inspectors will be key to the success of Level Property Inspections.

A computer, software, website, origination dues, ladders, and hand tools are the financial investment to start the business. This start-up cost should consume $5,000 in the first year and $2,500 per year thereafter. I decided to go with the Spectora software as it has integration with invoicing, website, report writing and payment processing. These features will decrease overall operating costs as they are part of the operating system.

The risks are minimal for this is a part-time endeavor. The biggest risk is not having the knowledge and training needed for this industry. Lack these two critical points will cause the customer to receive the wrong information or missing something in the inspection process. Also, not have the proper licenses through that State of operation.

C. Keys to Success Communication skills, technical knowledge, and networking with the real-estate community to gain connections that will give this business referrals will increase the success of Level Property Inspections. As owner, I will need to build a great reputation through effective communication and a vast knowledge of the construction of houses. This idea will compound the company's reach to prospective customers. Meeting with realtors, handing out business cards and networking for future clients will be a regular occurrence. Level Property Inspections was established in July 2016 and successfully been operating as a part-time business since while utilizing these keys to success.

Company Summary

A. Company Background Level Property Inspections was founded in July 2016, by Ryan King. The founder has 20 years in the construction field and prides himself in paying attention to detail. He also has over 50 certifications from multiple originations like HomeSepection training institute, InterNACHI, Ohio State University. Recently, the founder has been giving the designation of Certified Master Inspector. This is the highest honor an inspector can receive. Each year of successful business operations has experienced 3.6%, or more, capital growth.

B. Resources, Facilities and Equipment There is a dedicated office and storage space in the residents of the founder's home. Within that designated space, supplied or organized for ease and convenience. Added to that convenience, Level Property Inspections uses Spectora software for its home inspection reports, scheduling and marketing. Spectora also built and maintains Level Property Inspections website. With this software, paper product is minimally used as the reports are digital. This will make the overall process more streamline for customer. Other organizational space houses several hand tools, cameras, ladders, and the company truck. Each item adding to the efficiency of the streamlined process.

For financial organization, Level Property Inspections has a business bank account with the local credit union. All received payment will be deposited into this one account. All expenses will be paid from this account. This allows all fiscal reports such as profits and expenses, to be tracked with ease. All money invested to this account and business has come from one investor: the founder.

C. Marketing Methods Since its inception in 2016, Level Property Inspections has steadily grown with the housing market with the average annual sales of $30,000 over the last few years. Since 2016, Level Property Inspections has been working with local contractors to perform inspections that are outside the normal level of expertise, but within professional training. This helps to expand networking and branding to reach more customers, while offering more services. This will also allow for ease of use for the customer as all inspection reports will be in one location for them to see.

The network created in the community and real-estate market, and keeping those relationships healthy, along with the positive reputation built, will be the driving force of this business to maintain growth and sustainability for the future.

D. Management and Organization This is a one-person operation. The sole proprietor of the business is the founder: Ryan King. All business responsibilities are to be conveyed to the founder. Ryan King will schedule appointments and perform all inspection duties along with all management of the business.

Ryan King and Level Property Inspections has built a reputation over the 6 years. He has been operating business, of being very thorough and honest in the real-estate industry. In 2020 and 2021, Level Property Inspections was voted Top 5 Home Inspection companies in Canton, Ohio by Expertise.com.

Long term goal would be to have a full-time self-employed job. With the flexibility to retire from full-time work at a much younger age than the current median age.

E. Ownership Structure Level Property Inspections is a sole proprietorship LLC, and the sole investor is the founder, owner/operator, Ryan King. Ryan King is required to hold licenses with the state of Ohio for home inspection, radon and wood destroying insects, while also staying in good standing with a home inspection association. Ryan King and Level Property Inspections must abide by the strict code of ethics set by this association and the state of Ohio.

F. Social Responsibility There are safety courses in place for dealing with COVID-19. These courses advise ways to avoid the spread of the virus. There are also courses for ladder, electrical and job site safety. These courses are provided by and completed online through InterNACHI, the home inspection association. Level Property Inspections does not handle/use any chemicals; therefore, there are no procedures in place regarding the storage, use, or disposal of chemicals.

G. Internal Analysis The front-end heavy investment with low annual investment after, make this business a good source of income. The low money needed to make a profit will allow this to be a good source of income for years to come.

The greatest strengths in this business are the overall knowledge and experiences of the founder. The knowledge and experience will be how the reputation is built. The advertising from past client's word of mouth is a large part of the advertising for the business.

knowledge and work This is a great strength of the business and will counted to be a strong point of the business with the aggressive contained education plan. financial position The initial investment is relatively small for a startup business and the monthly cost are small as well. productivity Learning how to operate the reporting software and the continued education will be a huge help for the productivity of this business.

family & lifestyle It will be a struggle to balance school, my full-time job, family time with my wife and kids and the work needed for this business. I will have to have a good origination and awareness to accomplish the work and family time balance that is expected. location resources There are several resources' I can look to for help in growing knowledge to better operate the business. The courses I have taken with InterNACHI, HomeSpection, and Business management classes at EGCC will help me grow that knowledge. The Spectora software with all its integrations' will make for a smooth experience for the customers.

Products and/or Services

Level Property Inspections offers a wide range of services that include General Home Inspection (GHI), Wood Destroying Insects (WDI), Well Inspections, Septic inspections, Radon gas testing, and Mold testing. Level Property Inspections is always looking for opportunities to add service that will better serve the customers needs.

Every customer and home have different set(s) of needs to be fulfilled. This can be done by any number of inspections and Level Property Inspections will work through those challenges to ensure the customer has had a positive experience.

Whether buying, selling or maintaining your home, Level Property Inspections of Ohio provides professional and quality service from the moment you call us. Our licensed home inspectors will walk through your home with you and teach you as much as you want to learn. We strictly follow the Standards of Practice for home inspectors established by InterNACHI, the leading home inspection association.

After we walk through the home together, we will explain the general condition of the home and systems with you and your agent. We will talk through any major issues that need to be addressed sooner rather than later. We will also mention the items that you will want to keep an eye on for deferred maintenance. All of this will be detailed in our easy-to-read Spectora report, that will be delivered in HTML and/or PDF format. From that report, you will be able to see the items we discussed, with images for reference.

The presence of WDI in the structure can present a significant hazard due to structural damage if infestations are undetected and/or left untreated. Such damage could result in the devaluation of a property/structure or substantial costs for repairs. As a professional WDI inspector, I have an important role in performing a visual inspection of open and accessible areas and accurately reporting my findings as part of the purchase and transfer of real estate.

Radon is a naturally occurring, radioactive gas found in soil, that is heavier than air. Radon gas exposure in abnormally high levels is associated with lung cancer. Mitigation measures may involve crawlspace and basement venting and installation of various forms of vapor barriers and fans.

While most types of molds are not toxic, they can still cause health problems if they are not taken care of. Ensure your home is free from toxic mold by having a professional inspector inspect your property for you.

As a Certified Master Inspector Ryan King and Level Property Inspections has a long list of experiences in the construction field with 20 years and now have been in business for 6 ears. Level Property Inspections is not the cheepiest home inspector in the Canton, Ohio area, but their prices are lower than the few other Master inspectors in the area at $365 vs $400 for a GHI.

Market Assessment

A. Examining the General Market The home inspection market in the Canton, Ohio area is a never-ending cycle of new customers. There are several inspection companies in the area. About 35 to serve over 26,000 houses sold in Stark County alone last year. There are more than enough clients to sustain a business. There is always potential for growth into surrounding counties, by contacting realtors and getting their referral to their clients. Which is best way to grow in the industry. Level Property Inspections competition is other inspectors and new inspectors in the area. There are very few inspectors in the area that offer every service under one place like Level Property Inspections offers.

B. Customer Analysis Buying a home is one of the biggest investments home buyers and seller will make for your present and future. Buying a home with a little more peace of mind is always nice. Level Property Inspections knows from experience the worries of buying a home. The process can be extremely confusing, frustrating, and stressful.

There are, as with any investment, risks. However, a trustworthy and professional home inspection with Level Property Inspections is one way to ease some of those stressors. It can also reduce your overall risk. With the services that are offered are General Home Inspection, Wood Destroying Insects, Mold, and Radon inspections. Thus, making the buying experience a more favorable adventure.

Home buyers, sellers, and homeowners will need these inspections for their real-estate transaction. The different loan types require different inspections to complete the sale of the house. With some of these required and the others are to protect the buyer or seller along with taking the liability of off the realtor. Making the rest of the inspections almost required.

There is low overall cost to support customers. It will consist of a few minutes on the phone to book requested services and answering any questions about the inspection reports. Since the support is just time, this will cost Level Property Inspections very little. C. Industry Analysis Level Property Inspections has years of construction knowledge and knows what kind of issues can arise when buying a home. With that knowledge Level Property Inspections has they will do everything they can to make the home buying or selling experience. There are several home inspections companies in the area. Most of these other inspection companies offer at least one of the same services that Level Property Inspections offer.

D. Strategic Alternatives Level Property Inspections is always looking for new services to offer and will continue to do this. This will make sure we are offering the best services and giving the customer the best experience.

Currently we are looking in to offering Well and Septic inspections. Level Property Inspections has taken classes to be able offer these services. There are also other ways to offer these services, like hiring a sub-contractor. By hiring a sub-contractor, the liability will come off Level Property Inspections and fall to the sub-contractor. This method will also allow Level Property Inspections to rely on the sub-contractor that has many years of experience in the field. Making the process smoother, while also giving the customer the best service that can be offered.