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Sphinxa [80]
3 years ago
10

What can other companies that are considering investing in china learn from the experiences of best buy and ebay?

Business
1 answer:
Mumz [18]3 years ago
5 0
<span>Companies wanting to have success in China should follow the lead of other ones like Best Buy and eBay. Best buy was very successful in a country that has over 1 billion people. This population represents customers that can buy their products! Salaries in China have begun to go up so people have more disposable income to spend on electronics. Best buy fills that void and ebay fills the void that many products are not sold in China. The only way to get some products are to buy them on ebay. Therefore, companies should follow innovative companies like ebay that reinvented the way companies do business.</span>
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Answer: Hello your question is poorly written attached below is the complete question

answer:

a) Cs = 800,000 ,  Ps = 1,500,000

b) Cs = 1437500,  Ps = 525,000

Explanation:

Demand function ( Qd ) = 200,000 - 4000 P

supply function ( Qs ) = 20,000 + 2000 P

at equilibrium :  200,000 - 4000P = 20,000 + 2000P

therefore ; P = 180,000 / 6000 = 30

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consumer surplus ( Cs ) This is the area above the price and below the demand curve  = 1/2 * ( 50 - 30 ) 80,000 = 800,000

producer surplus ( Ps ) This is the area above supply and below price

= 30 * ( 80,000 ) -  1/2 (80,000 - 20,000 ) (30)

= 1,500,000

<u>b) Determine the new levels of consumer and producer surplus with a price ceiling of $15 </u>

Pc (ceiling price ) = $15

Qd = 200,000 - 4000 ( 15 )  = 140,000

Qs = 20,000 + 2000 ( 15 ) = 50,000

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= ( 30 - 15 ) (50,000) + 1/2(50-30) (80,000) - 1/2 (80,000 - 50,000 ) (37.5 - 30)

   = 1437500

New producer surplus = area ( Pc , b, e 0 )

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= 525,000

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