I Need Very Brief, Precise Answers, Not Long Or Plagiarized

I Need Very Brief Answers Not Long Just Precise No Plagiarism For

I Need Very Brief Answers Not Long Just Precise No Plagiarism For

I need very brief answers, Not long, Just precise. No Plagiarism,. For Chapter 5 fig 5.2 and Fig 5.3 , i will attached the images later. Just continue on the rest. Due in 15 hours.

Chapter 5 questions

  1. Define utility and the principle of diminishing marginal utility. Explain how these concepts can explain why someone would choose a bowl of spinach over a bowl of ice cream.
  2. How does a free market help to overcome the barrier of scarcity in a society?
  3. Using Figure 5.2, provide your interpretation of what could have caused the move of the demand curve for peanuts.
  4. Why is the demand for line A more inelastic than for line E in Figure 5.3?
  5. Would the demand for A or E be more affected by an increase in price?
  6. Which of the seven factors influencing demand is most influential for sugar?
  7. What could cause a shift in sugar demand?
  8. Calculate the price elasticity of milk when price increases from $4 to $5 (25% increase), and demand decreases from 1,000 to 500 gallons (50% decrease).
  9. Using the example above, find the cross-price elasticity of chocolate on milk when chocolate price rises from $1.25 to $2.50 (50%), and milk sales decline from 1,000 to 800 gallons (20%). Is chocolate a complement or substitute?
  10. If orange juice price rises by 25% and milk sales increase by 40%, what is the relationship between orange juice and milk?

Chapter 6 Questions

  1. Why should agribusiness managers be interested in strategic management?
  2. Is being the lowest-cost producer or offering a differentiated product more important for long-term success? Why?
  3. How do the three parts of a strategic plan relate, and how do they help reach financial goals?
  4. How does analysis of external and internal environments interact in developing a strategic plan?
  5. What are Porter's five forces, and how do they describe market competition?
  6. What is the difference between a mission statement and a vision statement?
  7. Why do investors focus on ROIC in agribusiness?
  8. Does the U.S. have a sustainable competitive advantage in agribusiness? Explain.
  9. Are free markets necessary for the U.S. to maintain its competitive edge in global agriculture? Why?
  10. How does a strategic plan improve the survival chances of agribusinesses?

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