P2_FINAL_GROUP2_Calculation_date

.xlsx

School

University of Maryland Global Campus (UMGC) *

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Course

620

Subject

Business

Date

May 1, 2024

Type

xlsx

Pages

28

Uploaded by MateDinosaurMaster26 on coursehero.com

Revised on 1/29/2024 Largo Global Inc. is a fictious firm that is will be used to allow you to understand the market force impact a company as well as the industry in which the company operates. The company produce box and a Deluxe box. These boxes are also produced by many other companies. In Project 2, you will learn about how to apply the tenets of microeconomics to improve the compa reading the instructions, you will chart the supply and demand curves for the two different boxes. I elasticity of demand for these two products. In tab 3 you will determine at what price the company both boxes. Project 2 is the team assignment in MBA 620. Follow these steps to complete the project: 1. In step 3 the team will complete their Team Agreement and Work Plan and submit it to their noted by their faculty member. 1. In step 4, the team will complete this Excel file by answering the questions for all three tabs of the team will submit this file to the Project 2 Milestone assignment folder by the stated due date faculty member. Upon receipt of the feedback, the team will coordinate any necessary corrections. 2. In step 5, each team member must answer all questions for two of the five topics provided i constitute the core of your team's report. Each team member will serve as the team’s primary resp coordinate the answers for that topic. Each team member will also serve as the secondary respond submit their answers to the primary respondent. a. The faculty member will create a separate Team Project 2 Discussion forum for each tea team members should prepare their answers to the questions for their two chosen topics as separa two files in the appropriate topics in the Team Project 2 Discussion forum. b. After coordinating with the other members of the team, the primary respondent for ea the editor of the team’s Word file. The editor will then consolidate the answers to the questions fo and submit that file along with the team's revised Excel file to the Project 2 Final assignment folder c. If the team does not receive a grade of Meets Requirements or Exceeds Requirements, coordinate any necessary changes to the answers for their topic questions and resubmit them to th consolidate all changes to the Word file and resubmit the file along with the team's Excel file to the
es of supply and demand as they es two types of boxes, a Standard any's profitability. In tab 1 after In tab 2 you will focus on the price y can maximize the profitability of r faculty member by the due date in the boxes provided. One member e to receive feedback from their . in the Word file. These questions pondent for one of the five topics and dent to one of the five topics and am which includes all five topics. All ate Word files. They should post their ach topic will submit their answers to or all five topics in a single Word file r. the primary respondents will he editor. The editor will then e Project 2 Final assignment folder.
Note: You can find the approximate equilibrium point (intersection point) through the supp Table 1 Future Supply and Demand for Standard boxes Price per box $17.00 2 0.1 $17.20 1.8 0.2 $17.40 1.6 0.3 $17.60 1.4 0.4 $17.80 1.2 0.5 $18.00 1 0.6 $18.20 0.8 0.7 $18.40 0.6 0.8 $18.60 0.4 0.9 $18.80 0.2 1 $19.00 0.1 1.1 Create a Supply and Demand Chart for the Standard box below Daily US demand of Standard boxes (in billions of boxes per day) Daily US supply of Standard boxes (in billions of boxes per day) Question 1 : 1. Based on th for the number produce. After . 0.5 1 1.5 2 2.5 Supply
Equilibrium: $18.25 Note: rounding errors are acceptable. Table 2 Future Supply and Demand for Deluxe boxes Price per box $25.00 2 0.3 $25.50 1.8 0.4 $26.00 1.6 0.5 $26.50 1.4 0.6 $27.00 1.2 0.7 $27.50 1 0.8 $28.00 0.8 0.9 $28.50 0.6 1 $29.00 0.4 1.1 $29.50 0.2 1.2 $30.00 0.1 1.3 Daily US demand of Deluxe boxes (in billions of boxes per day) Daily US supply of Deluxe boxes (in billions of boxes per day) Question 2 : 2. Bas for the produ 16.5 17 17.5 18 18.5 19 0 0.5 Prices
Create a Supply and Demand Chart for the deluxe box below Equilibrium: Equilibrium: $22.75 Note: rounding error is acceptable. 24 25 26 27 28 29 30 0 0.5 1 1.5 2 2.5 Prices Supply
ply and demand curves or find the exact equilibrium point by solving the supply and demand equatio he information provided in Table 1, create a chart in the space below showing the supply and d r of Standard boxes in the United States per day. This information is helpful in knowing how man r you have examined the graph below, identify the price and quantity at which market equil Daily US demand of Standard boxes (in billions of boxes per day) Linear (Daily US demand of Standard boxes (in billions of boxes per day)) Daily US supply of Standard boxes (in billions of boxes per day)
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