Discussion Question – ECO 550 Week 3

Week 3 Discussion 

The Tariff, the Price Elasticity of Demand and the Impact on Company Profits

Here is some help with elasticity.  

In this week’s discussion your are going to be the CEO of a company.  In anticipation of the upcoming quarterly disclosure of profits, you prepare your Board of Directors for the challenge that US Tariffs on Chinese Imports is having on profits.  Please make yourself CEO of only one of these hypothetical companies.

‘Tis the Season- ‘Tis the season is one of the largest importers of holiday decorations and the summer quarter is devoted to importing decorations such as lighting, artificial trees, table runners,  outdoor yard decorations all of which have to be ready to ship by early fall. In fact we at ‘Tis the Season has a highly inelastic supply curve, they ramp up to produce decorations for each season and then once that season has been shipped they move on to the next season.  Fortunately the price elasticity of demand for almost all of your products is 0.19.

We Build Big – We Build Big is one of the largest developers of residential structure in the US.  We Build Big, builds every thing from apartment complexes to new single family homes.  Critical materials such as lumber, gypsum board, fabricate metal etc are largely imported. We Build Big know that our production process, the supply curve, is relatively inelastic. The concern over profits is that the price elasticity of demand for housing is 1.0.

Very Big US Auto – Very Big US Auto is one of the oldest and one of the largest auto manufacturers of auto in the US.  Very Big US Auto’s supply chain is highly dependent components manufactured in China and assembled in the US. Very Big US Auto knows that the price elasticity of supply is relatively inelastic and that then the price elasticity of demand which is 1.2.

Now explain:

  • Is the demand curve for your product relatively elastic, inelastic or unitary elastic?  Demonstrate for your company’s product, by how much the quantity demanded will change if you pass on the 25% increase in cost from the tariff as a price increase for your product. In other words, show your calculation of the percentage change in the quantity demanded given a 25% change in the price.
  • Given your company’s price elasticity of supply and price elasticity of demand prepare a statement for your board as to the potential impact of profits.   Who will pay the the larger share of the tariff, your firm or your customers.

NOTE THERE IS NO WAY AROUND IT, YOUR RESPONSE MUST INCLUDE A CALCULATION.  DR. ISLEY COVERS THE CALCULATION IN HER LIVE SESSION.  

PLEASE DO NOT RELY ON WIKIPEDIA, INVESTOPEDIA OR ANY OTHER PEDIA AS A REFERENCE AT ANYTIME IN THIS COURSE.

FOR THE MAXIMUM POSSIBLE CREDIT OF 20 POINTS, YOU MUST COMPLETE ONE POST AND ONE FOLLOW-UP/REPLY.  MAKE SURE BOTH THE POST AND REPLY FOCUS ON THE QUESTIONS ASKED. 

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Mother

This is what she said

Students,

Attached please find the Motherhood Manifesto assignment. The assignment is lengthy. You will complete every section that is outlined with the word M.O.T.H.E.R.You do not need to answer the questions that are for discussion at the beginning or at the end of the document. ONLY answer the questions under the headlines of

M.O.T.H.E.R.

If you email me asking what questions you are required to answer, I promise you I will not reply.

Please give every question some thought and answer it in it’s completion in order to receive full credit. You do not need to retype the question, you can just type your answer.

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difference between the expected return on equity (ROE) if the group financed with 50 percent debt versus the expected ROE if it financed entirely with equity capital?

southwest physicians a medical group practice in Oklahoma City is just being formed. it will need $ Show more southwest physicians a medical group practice in Oklahoma City is just being formed. it will need $2 million of total assets to generate $3 million in revenues. furthermore the group expects to have a total margin of 5 percent. the group is considering two financing alternatives. first it can use all equity financing by requiring each physician to contribute his or her pro rata share. second the practice can finance up to 50 percent of its assets with a bank loan. assuming that the debt alternative has no impact on the expected total margin what is the difference between the expected return on equity (ROE) if the group financed with 50 percent debt versus the expected ROE if it financed entirely with equity capital? Show less

southwest physicians a medical group practice in Oklahoma City is just being formed. it will need $ Show more southwest physicians a medical group practice in Oklahoma City is just being formed. it will need $2 million of total assets to generate $3 million in revenues. furthermore the group expects to have a total margin of 5 percent. the group is considering two financing alternatives. first it can use all equity financing by requiring each physician to contribute his or her pro rata share. second the practice can finance up to 50 percent of its assets with a bank loan. assuming that the debt alternative has no impact on the expected total margin what is the difference between the expected return on equity (ROE) if the group financed with 50 percent debt versus the expected ROE if it financed entirely with equity capital? Show less

 

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Nursing Role And Scope DQ Student Reply Maydeli Capo

This is another student work to wish I have to reply to adding some other extra information . Please do 3 small paragraphs. less than 20 % similarity.

Question 1

The legal system and nursing intertwine in different ways. Legal laws and regulations allow nurses and other healthcare professionals to practice safely and enhance patient care (Masters, 2020). Patients and consumers in general have come to understand and are more knowledgeable about their rights. Healthcare workers that abide but rules set by the law and work with patients’ rights clearly defined are less likely to be involved in infractions.

The federal laws although alike in all states are implemented differently according to the state (Masters, 2020). However, nurses are expected to have knowledge or regulations and laws in the state they practice in. A lawsuit brought against a person in the healthcare field will fall under civil law and it can be either a tort or contract law (Masters, 2020).

Nurses and all licensed professionals work under a scope that dictates what can be done under your license according to standards set forth (Masters, 2020). In certain cases, such as those for malpractice or negligence, nursing scope of practice may be questioned by the legal system. Evidence of standard of care is used in court in order to assess if what was done was correct or if something should have been done instead. Types of evidence include expert testimony, facility documents, agency regulations and statutes among others (Masters, 2020).

Question 2

Nurses and other healthcare professionals are constantly exposed to legal problems. However, avoiding these issues can be very simple if nurses follow rules, standards and adhere to policies as expected. Nurses are responsible for administering medication, performing procedures and handling personal information all of which can incur in a violation of some sort at some point if done incorrectly.

Nurses can avoid legal problems by always ensuring that at the time informed consent is obtained there aren’t any pending questions to be answered. Physician or personnel in charge of performing the procedure should explain thoroughly what will happen and what is to be expected afterward. Nurses, however, need to assess that patient’s do not have any doubts or concerns at the time of signing consent. If so, these concerns need to be brought forward to the appropriate personnel prior to any procedure. Ensuring a full informed consent is a way to avoid future problems.

Maintaining privacy and confidentiality always is also vital. Nurses handle information that if misplaced can expose patient’s unnecessarily and thus cause a breach in confidentiality. Such information can include drug use, sexual activity and history of mental illness (Masters, 2020). Conversations regarding patient care and condition must be private and involve only those in direct care. A violation of patient’s privacy can result in fines and employment termination

Question 3

Malpractice refers to an action or lack thereof by a physician or licensed person that differs from the standard of care stated and results in damage or injury to the patient (Bal, 2009). For this malpractice to be acknowledged there must be four elements. These elements include duty to treat the person, a violation of this duty, a direct cause of injury from the actions performed and damages from the malpractice (Bal, 2009).

Negligence refers to a care that is provided and it is well below the standard (Sohn, 2013). A patient developing an allergic reaction from a medication given that is not stated. This is an adverse effect however; the nurse failing to check the chart and notify the prescribing physician of a stated allergy and administering the medication clearly constitutes negligence.

Mistakes occur in the nursing profession as in any other. Unintentional errors are often made such as mistaking doses and misinterpreting written orders due to poor handwriting. Changes have been made along the way to prevent human errors from affecting patients directly such as instituting computer written order and using identification bracelets to differentiate patients with similar names among others.

 

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