Dear Ms./Mr.,

I have question, below, in economic field i hope you can provide answers to it.

Thank you in advance.

Question

A) Let the following chart represent the cost structure faced by a perfectly competitive firm. Fill in the rest of the table.

Quantity	TFC	TVC	TC	AFC	AVC	ATC	MC
0	100	0		---	---	---	---
1		40
2		60
3		90
4		124
5		180

If the market price is $34,

1. What would be the profit maximizing output of the perfectly competitive firm from the schedule?

2. What would be the profit level at the profit maximizing equilibrium?

3. What decision would this firm make in the short run?

B) Assume you are the business economist of a company and there is a need for you to examine the business viability by examining the business economics of the sector in which the business operates. Select a company in a particular sector in Saudi Arabia and describes the nature and characteristics of the market structure of such company, and what the company can do to improve itself among its competitors in its business environment.

Question

A) Outsourcing some/all parts of operations has become one of the regular strategy various companies engage in meeting the needs of their customers, critically highlights the various outsourcing activities that your company/department engage in, the transaction cost associated with it and how your firm balance internal operations and outsourcing so far

B) Profit maximization seems to be the main goal of many organizations, however there are other goals/objectives organization usually pursue without necessarily declaring them to the public. Clearly describe few more goals the company is pursuing as related to your company or any company of your choice (Note: it should consist both economic and non-economic goals and should be explained related to the company of choice)

Question

A) Assume that the raw materials which your company uses in producing a product in Saudi Arabia are obtained from Ukraine. With the current Russia-Ukraine war, use appropriate demand and supply graph to show the effect of this war on market equilibrium price and quantity of this product in Saudi Arabia.

B) The initial price of a cup of coffee is $1, and at that price, 400 cups are demanded. If the price falls to $0.90, the quantity demanded will increase to 500.

i. Calculate the price elasticity of demand for coffee.

ii. Based on your answer, is the demand for coffee elastic or inelastic?

iii. Based on your answer to a., if the price of coffee is increased by 10%, what will happen to the revenues from coffee? Carefully explain how you know.