Complete this essay in a Microsoft Word document, with a minimum of 300 words
Part 1
Samuelson and Marks, Chapter 2, Discussion Question, p. 58.
As vice president of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force (from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional personnel.
How would you estimate the additional dollar cost of each additional salesperson? Based on your company’s past sales experience, how would you estimate the expected net revenue generated by an additional salesperson? (Be specific about the information you might use to derive this estimate.) How would you use these cost and revenue estimates to determine whether a sales force increase (or possibly a decrease) is warranted?
Part 2
A television station is considering the sale of promotional DVDs. It can have the DVDs produced by one of two suppliers. Supplier A will charge the station a set-up fee of $1200 plus $2 for each DVD; supplier B has no set-up fee and will charge $4 per DVD. The station estimates its demand for the DVDs to be given by Q = 1,600 - 200P, where P is the price in dollars and Q is the number of DVDs. The price equation is P = 8 -Q/200.
A. Suppose the station plans to give away the videos. How many DVDs should it order? From which supplier?
B. Suppose instead that the station seeks to maximize its profit from sales of DVDS. What price should be charged? How many DVD should it order from which supplier?
Directions: You must solve two separate problems, one with supplier A and one with supplier B, and then compare profits. As the textbook explains (P. 42-47), maximum profit is found where Marginal Revenue (MR) to Marginal Cost (MC). Here, you need to set MR=MC for each supplier and compare the maximum profit attainable for each.
To calculate MR, you can look at the bottom of page 44 in the book. It shows how to get it from the inverse demand equation (P=a-bQ).
The marginal cost (MC) is what each supplier charges to produce an extra DVD. This can be directly deduced from the text of the homework (the equations provided for the cost of suppliers). If you are not sure, one easy way is to calculate the cost for 1 DVD and the cost for 2 DVD. The difference would be the marginal cost.
Complete this assignment in a Microsoft Word document, APA formatted and then submit it as Assignment 3 by midnight, Day 7. Make sure to show your work. There is no length requirement given the mathematical nature of this assignment.
Note: If you need a refresher of the algebra needed to solve this assignment, a good source is:
khancademy.org
In the search area of their website, type 'Linear Equations 1'. It is the first of four videos that explain the concepts well.
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Criminal Investigation D.B. 2
Perhaps one of the most famous and publicized crime stories in contemporary America occurred in June of 1994 when the ex-wife of O. J. Simpson (Nicole Brown Simpson) and her friend Ronald Goldman were found brutally murdered at the Simpsons' household. Mr. Simpson, a famous football star, was eventually arrested and prosecuted for the crime. After an extensive and highly publicized trial that lasted 9 months, Mr. Simpson was found not guilty for the deaths of his wife Nicole and her friend Ronald Goldman. Mr. Simpson's lawyer, Robert Shapiro, was able to convince the jury that there was reasonable doubt regarding the DNA evidence (and the evidence in general), and there were also allegations of misconduct by the Los Angeles Police Department, which was responsible for investigating the crime. For this assignment, you will discuss the questions below related to this case
Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:
Briefly summarize the nature of the physical evidence in the O. J. Simpson investigation.
What role did the physical evidence play in the investigation? Explain.
What were the problems with the physical evidence? Explain.
What do you think should have been done differently regarding the evidence? Why?
Considering the mistakes made by the police department and lab personnel, was a proper decision made by the courts regarding the physical evidence? Why or why not?
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