1.    Consider the following firms and/or organizations. Consider the markets these firms compete in and organize them from most competitive to least competitive. Provide a sentence or two of justification for each:

Major League Baseball, National Football League, American Medical Association, Toyota, Pomona College, Trader Joe’s, Southern California Edison, Student Tutors

2. Why is the normal rate of return equal to zero?  Why is this state the predicted long run outcome for all firms in perfectly competitive and monopolistically competitive markets?

3.  Use a graph to show why the profit maximizing level of output occurs where MR=MC and MC is increasing.  Provide a paragraph of explanation with your diagram.

4.  Bob, Bill, Ben and Brad Baxter have just made a documentary movie about their basketball team.  They are thinking about making the movie available for download and they can act as a single-price monopolist if they choose to.  Each time the movie is downloaded, the internet service provider charges them a fee of $4.  The brothers are arguing about which price to charge customers per download.  The accompanying table shows the demand schedule for their film:

 a. calculate the total revenue and the marginal revenue per download

b. Bob is proud of the film and wants as many people as possible to download it.  Which price would he choose?  How many downloads would be sold?

c. Bill wants as much total revenue as possible.  Which price would he choose?  How many downloads would be sold?

d. Ben wants to maximize profit.  Which price would he choose?  How many downloads would be sold?

e. Brad  wants to charge the efficient (competitive) price.  Which price would he choose?  How many downloads would be sold?

organizations

nit 3: Focus Paper
Write a three to five (3-5) page paper body that includes the following:

Using research on systems theory, describe and evaluate your organization as a system. You are free to select the appropriate framework for conducting this evaluation.
Identify an organizational problem or opportunity and evaluate solutions/recommendations based on using systems thinking.
The assignment will be evaluated using the Focus Paper Rubric located in the course syllabus. Therefore, please ensure it is written with proper grammar, in APA format (including clear section headings), and includes at least three cited and referenced resources – one of which must be a peer reviewed (scholarly) journal article.

Note: There is a Focus Paper Template in Doc Sharing.

The point distribution for the assignment will be as follows:

50% (25 points): Content, focus, use of research, and organization
30% (15 points): Analysis and critical thinking
20% (10 points): Writing style, grammar, APA format
Submit to the Unit 3: Focus Paper Dropbox. This assignment is due by the end of Unit 3 – Tuesday, 11:59 PM ET.

Unit 3: PowerPoint

Develop an eight to ten (8-10) slide presentation that includes the following:

Title slide
Mission statement
Analysis of the mission statement requirements:
States the ideals in a way than can be evaluated
Defines the business the organization wants to be in
Uniqueness – not transferrable to another organization
Has relevance to the organization’s stakeholders
Is exciting, challenging, and inspiring.
Recommendations for improvement.
Recommendations for improvement.
The point distribution for the assignment will be as follows:

50% (25 points): Content, focus, use of research, and organization
30% (15 points): Analysis and critical thinking
20% (10 points): Professional presentation, clarity of slides
Note: It is important that the slides be streamlined, interesting, and professional. The majority of the detail, analysis, and research should be placed in the notes sections.