Olympus has integrated many components into its SLR camera. Recently, Olympus has introduced a smartphone app, Olympus Image Share (OI.Share) to pair with its camera. It says: "Paired with a compatible Olympus camera, the Olympus Image Share (OI.Share) smartphone app makes photography more enjoyable than ever. With this app, you can release the shutter remotely, then easily import photos from the camera to your smartphone and share your most inspiring moments with friends and family". a. How might this news be an example of non-price competition for an oligopolistic firm? Discuss.

Olympus has integrated many components into its SLR camera. Recently, Olympus has introduced a smartphone app, Olympus Image Share (OI.Share) to pair with its camera. It says: "Paired with a compatible Olympus camera, the Olympus Image Share (OI.Share) smartphone app makes photography more enjoyable than ever. With this app, you can release the shutter remotely, then easily import photos from the camera to your smartphone and share your most inspiring moments with friends and family". a. How might this news be an example of non-price competition for an oligopolistic firm? Discuss.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Suppose you come home from having earned your degree at CSUEB. Your parents own a localchain of fitness clubs that have a great reputation. Your father uses cost-plus pricing, and at themoment he is charging $200 for an annual membership, and is currently selling 800 memberships.Your parents are quite happy with their current markup above average costs You suspect that perhaps they could be doing better and be more profitable. After consulting with the club’s manager, you learn that the cost function for annual memberships is given by c(Q)=1000+20Q+(1/20)Q2 .Further, they tell you that the own price elasticity of demand is approximately -2.5 Are your parents choosing a membership price that is maximizing profit? If not, what would yousuggest – increase the price or reduce the price? Explain
You are in charge of improving utilization of resources at a restaurant that is taking only online orders for delivery to the specific addresses. There are three kind of orders received: vegetarian, non-vegetarian and gluten free. For every vegetarian order, the chopping and dicing section, the deli-cheese section, the stir fry kitchen, and marination are used. For non-vegetarian orders; the chopping and dicing section, the deli-meat section, the marination section, and the non-veg kitchen is used. In addition to this 50% of non-vegetarian dishes go through the grilling section while the other 50% go through the baking (oven) section. Gluten free dishes go through the chopping and dicing section and the stir fry kitchen only. The typical order size consists of 25 non-veg orders, 12 veg orders and 5 gluten free orders. Marination of vegetarian dishes take 5 minutes while that of non-vegetarian dishes 1 hour. Chopping and dicing for 10 vegetarian/gluten-free dishes take an hour, while…
We have the results from our first Facebook ad campaign. The following table summarizes the results broken down by age and whether the person seeing the add clicked through. Age 40 or under 85 Age more than 40 65 Total Clicked Through 150 Did Not Click 590 260 850 Total 675 325 1000 For our up(combing) (pun intended) campaign, I want to make it as effective as possible, a cut above all other ad campaigns! I'm thinking that since 85 (or 56.7%) of the 150 people who clicked through to our website are age 40 or less, we should focus our ads to only younger people. I'm not great with number though, and since I know you had a stats class in college, I wanted to get your opinion. Should we focus our adds only to those age 40 and under or should we do something else?
No answer from Chat GPT will downvote.
Use excel. Instant upvote.
Frontline Agricultural Processing Systems uses several ingredients to make wheat crackers. After several years of operations and testing, their scientists found high protein and carbohydrates in two of their ingredients, barley and corn. While an ounce of barley costs $0.25, an ounce of corn costs $0.46. While an ounce of barley provides 9 mg of protein and 1 mg of carbohydrates, an ounce of corn provides 7 mg of protein and 5 mg of carbohydrates. Recently, demand for wheat crackers has increased. To lower the overall cost of producing wheat crackers, Frontline Agricultural Processing Systems will want to know how many ounces of barley and corn to include in each box of wheat crackers to meet the minimum requirements of 160 milligrams of protein and 40 milligrams of carbohydrates. If the carbohydrate requirement is decreased to 20 milligrams, how much reduction will the new optimal objective value change by? Round to 2 decimal places.
City Beautiful Brewer is a beer maker in Orlando that produces and sells four varieties of beer. Below is a table showing the quantities of these four beers (in bottles), each beer's average cost, and each beer's total revenue for the months of October and November. City Beautiful Brewer sold all bottles of beer that it produced during both months, and the price of each beer was constant during each month. [Click on the table to open a PDF viewable version in another tab.] October Beer Quantity Average Total Cost Revenue Quantity Cost November Average Total Revenue Magic Lager 1,600 $1.50 $5,000 1,000 $1.10 $7,000 Orange Stout 2,000 $0.75 1-4 IPA 1,000 $1.25 Eola Pilsner 400 $0.50 $8,000 $4,000 $5,000 2,500 $0.50 $5,000 400 $1.00 $5,500 600 $0.40 $6,000 How much profit did City Beautiful Brewer earn during October from producing and selling its four varieties of beer? O More information is needed; specifically, the selling price of each beer must be known. O $2,000 $4,000 O $10,000
Туре of each type of subscriber website Number of Travel and Travel Cooking website cooking subscriber only only bundle 1,000 Travelers $10 $6 $16 1,000 Cooks $5 $10 $15 As shown in the table above, a company is targeting two groups of consumers-those who love to travel and those who love to cook. The company has very useful web content that it wants to market to these two groups, and it has estimated what each group would be willing to pay (their demand prices) for access to each type of content for a month. What is the best option for the company? Select one: a. Price the travel website at $5/month, the cooking website at $6/month, and sell them separately. O b. Price a bundle of the two websites at $16/month. O c. Price the travel website at $10/month, the cooking website at 10/month, and sell them separately. O d. Price a bundle of the two websites at $15/month.
Video streaming service Netflix is expanding rapidly around the globe. It is currently available in 50 countries with the goal of expanding to 200 countries by the end of 2016. Netflix’s international slogan is “Have content, will travel.” There are challenges to international expansion for this type of service, such as inadequate disposable household income and a low percentage of households with high-speed internet needed to stream videos. And even though almost half of France’s TV-owning households have internet-connected TVs, cultural restrictions limit Englishlanguage program content, requiring Netflix to invest in local content for French customers. The next countries to get Netflix are Italy, Spain, and Portugal. Similar to Netflix’s other European offerings, service will be offered at a price of €7.99 per month, which converts to U.S. $8.97 during the time of expansion. Refer to Appendix 2, Marketing by the Numbers, to calculate the annual market sales potential for Spain…
Video streaming service Netflix is expanding rapidly around the globe. It is currently available in 50 countries with the goal of expanding to 200 countries by the end of 2016. Netflix’s international slogan is “Have content, will travel.” There are challenges to international expansion for this type of service, such as inadequate disposable household income and a low percentage of households with high-speed Internet needed to stream videos. And even though almost half of France’s TV-owning households have Internet-connected TVs, cultural restrictions limit English-language program content, requiring Netflix to invest in local content for French customers. The next countries to get Netflix are Italy, Spain, and Portugal. Similar to Netflix’s other European offerings, service will be offered at a price of €7.99 per month, which converts to U.S. $8.97 during the time of expansion. Calculate the market sales potential using the current exchange rate between euros and U.S. dollars (see…
Question Google is considering an advertising campaign that is expected to increase the sales of its Pixel phone by 20%. Suppose that currently Google sells 1,000,000 units at $500 per unit and the variable cost per unit is $300. If the cost of the advertising campaign is $50 million, will Google find it acceptable? Question An attractive feature of new cell phones that was introduce d in recent years is that you can switch carriers easily with the same device. How does this feature affect demand for wireless phone services? What are the likely effects on the demand that a particular US carrier is facing? Are there any elasticities that were likely to be affected?
need correct answer. absuletly upvote !!!