Companies that adopt information technologies when their competitive potential has been demonstrated and are bug-free are called ______. Question 32 options:

Late Adopters

Majority companies

Early Adopters

Innovators

Businesses that want to take advantage of cloud services but retain much of the control over software deployment and data management that they would have with on premises software deployment are most likely to choose _____.

Question 43 options:

A)

platform as a service (PaaS)

B)

infrastructure as a service (IaaS)

C)

packet switching services

D)

software as a service (SaaS)

Alpha-Omega, Inc. has identified the following industry characteristics:

Buyer Power is High

Supplier Power is High

The threat of New Entrants is Low

The threat of Substitutes is Low

Industry Rivalry is High

Which of the following is true about Alpha-Omega in this industry?

Question 46 options:

The potential for sustained profitability in the industry is high

Alpha-Omega should strive to create barriers to entry

Unless they have the ability to have superior operations within their company, the potential for sustained profitability is low

They can squeeze their suppliers to get sustained profitability

They have the power to set prices

Suppose you are considering an industry where

the Threat of New Entrants is high, but

the Bargaining power of customers is high,

the Bargaining power of suppliers is low,

the Threat of Substitutes is high

the Rivalry is high

Which of the following makes sense as a competitive strategy?

Question 47 options:

Cost Leadership: since the potential to save money is good and there is not much of threat of customer going to rivals and competitors

Cost Leadership: since the since the potential to save money is good and there is a serious threat of customers going to rivals and competitors

Differentiation: since we need to counteract the threat of new entrants and substitutes

Differentiation: since we can significantly reduce costs and achieve a competitive advantage

Soli Deo Gloria Books seeks to publish the best theology books in the academic books marketplace. If we are considering the overall book publishing business, we can say that Soli Deo Gloria's competitive strategy is:

Question 48 options:

Cost Leadership industry wide

Cost Leadership in a niche

Differentiation industry wide

Differentiation in a niche

Soli Deo Gloria is considering implementing a program by which book authors can achieve higher royalties based on the volume of books sold by the author across all their books. For example, if an author writes a book that sells 1000 copies, they get one level of royalty on their next book. If the author publishes two books and sells 2000 copies, they get a higher level of royalty in their next book. They will create an information system to enable this program. How would this program impact their industry structure?

Question 49 options:

It will decrease supplier power

It will decrease buyer power

It will create a barrier to entry to prevent new publishers from entering the marketplace

It will increase rivalry in the industry

Soli Deo Gloria would tend to use information systems to:

Question 50 options:

Increase value to the customers

Decrease cost

Create barriers to entry

Enable having the lowest prices.

Part ii.

Problem 1. (7 points) A monopolist faces the following average revenue (demand) curve: P = 300 0.3Q and the monopolist's cost function is given by 0022) = 8000 + 03. (a) Derive the monopolist's marginal revenue equation. (2 pts) (b) Derive the mon0polist's marginal cost equation. (1 pt) (c) What level of output will the monopolist choose in order to maximize its prots? (2 pts) ((1) What price will the monopolist receive at the prot-maximizing level of output? (1 pt) (e) Calculate the monopolist's prot when they produce at the prot-maximizing level. (1 pt) QUESTION 3 Snow Security Services is a monopolist in the market for freeze-resistant wall-top security cameras. The rm has xed costs of 20 and a constant marginal cost of 5 at all levels of output. The demand function for the market is given by D (p) = 12.5 0.25p. (a) Rewrite demand as the inverse demand function. (h) Set up the monopolist's problem and solve for the optimal price and quantity. (c) Calculate the maximized prot for Snowr Security Services. 9 QUESTION 4 Suppose that the inverse demand function for a monopolist's product is p (q) = 9 0.05q while the rm's total cost function is C(q) = 10+ 10g- 4g2 + 3:13. (3) Plot or sketch carefully the demand curve, marginal revenue curve, and marginal cost curve. ([1) At what volume of output does marginal revenue equal marginal cost? (c) What are the prot- maximizing output and price? (Note: you should check the second-order condition to verify that your answer is a maximum). duce at constant average = MC = 6, what out put level will the monopolist choose in order to manna a. If the monopolist can pro and marginal costs of AC 13. Assume instead that the monopolist has a cost structure where total costs are described by TC = new2 5Q + 300 and marginal cost is given by MC = 0.5Q 5. With the monopolist facing the same market demand and marginal revenue, what pricequantity combination will be chosen now to maximize prots? What will prots be? c. Assume now that a third cost 5 monopolist's position, with total costs given by TC=.DIQ3 Q2 +45Q+ 100 and marginal costs given by MC = new2 w so + 45. Again, calculate the monopolist's price--::'|go,aritit}r combination that maximizes prots; What will prots be? (Hint: set MC ='MR as usual and use I the quadratic formula or simple factoring the equation for Q.) d. Graph the market demand curve, the MR curve, ' and the three marginal cost curves from part a, part b, and part c. Notice that the monopolist's prot-maldIIg a'oilit)r is constrained by (1) the mar- ket demand curve it faces (along with its associated MR curve), and {2) the cost structure underlying its tructure explains the 11.- production. 1.2-.- \"null-11+ Fl'1.'l'I Hill'- 2. (50 points) Suppose a monopolist faces the following demand curve: P =314-7Q. If the long run marginal cost of production is constant and equal to $20. A) (10 points) What is the monopolist's profit maximizing level of output? B) (10 points) What price will the profit maximizing monopolist produce? C) (10 points) How much profit will the monopolist make if she maximizes her profit? D) (10 points) What would be the value of consumer surplus if the market were perfectly competitive? E) (10 points) What is the value of the deadweight loss when the market is a monopoly?2. (50 points) Suppose a monopolist faces the following demand curve: P =314-7Q. If the long run marginal cost of production is constant and equal to $20. A) (10 points) What is the monopolist's profit maximizing level of output? B) (10 points) What price will the profit maximizing monopolist produce? C) (10 points) How much profit will the monopolist make if she maximizes her profit? D) (10 points) What would be the value of consumer surplus if the market were perfectly competitive? E) (10 points) What is the value of the deadweight loss when the market is a monopoly