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A hypothetical company located in the Asia Pacific region is an integrated wood industry company which manages over 800,000 hectares of natural forest and 50,000 hectares of industrial timber plantations. The company also has two plywood factories and two Medium Density Fibreboard factories with a total production capacity of 200,000m3 per year. It exports over 85% of its product to more than 15 countries in 5 continents.
Plywood production consists requires energy, water, and use of some industrial chemicals. The process produces emissions into water and air.
The company is aware that its operations have multiple social and environmental impacts, especially relating to forest preservation and air and water quality. The company decides to implement ISO 14001.
- What benefits could the company derive from certification under ISO 14001? Relate to the ISO certification of a wood-based company in a real world.
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- Please do 8-2Complete all of the following definitionsSharp Inc., a wholly Ghanaian owned company specializes in the production of hand sanitizers branded as Quin. The company has branches in all the regions in Ghana with its head office located at Cape Coast. It employs 1,200 people and pays an average of GH¢ 550.00 as income tax to the government of Ghana on a monthly basis. Suppose that seven thousand, eight hundred and twenty (7,820) units of Quin are produced and supplied by Sharp Inc. but the quantity demanded for Quin is eight thousand (8,000) units. Ceteris Paribus, a GH¢ 20.00 change in the price of Quin results in a change in quantity demanded for and supplied of 4 and 5 units, respectively. [Hint: change in X due to change in Y is given as Ax]. Given the above information: a) Determine the equilibrium price and equilibrium quantities of Quin. b) Suppose the Government of Ghana in the wake of the COVID-19 pandemic grants a subsidy of GHs 4.50 on each Quin produced. Compute the new equilibrium price and quantities of Quin. c)…
- Briley Cosmetics manufactures and distributes a wide range of skin care products. A recent order has arrived for 10,000 cartons of face cream, 5,000 cases of body cream, and 15,000 cases of hand cream. The manufacturing process consists of a two-stage procedure that uses two types of raw materials (A and B). Briley’s monthly production capacity (first shift) is 15,000 labor-hours for stage 1 and 10,000 for stage 2. The first shift hourly rates are $8.50 for stage 1 and $9.25 for stage 2. A second shift is available with a 10% reduction in capacity and a 10% increase in wage rates. The cost for raw materials is $1/pound for Type A and $1.50/pound for Type B. The manufacturing facility has available for the next production run 200,000 pounds of Type A and 150,000 pound of Type B. The following table summarizes the resource requirements to produce each product. Briley can also subcontract with a local supplier for face cream and body cream at a cost of $40/carton and $55/carton,…Question Eleven Sharp Inc., a wholly Ghanaian owned company specializes in the production of hand sanitizers branded as Quin. The company has branches in all the regions in Ghana with its head office located at Cape Coast. It employs 1,200 people and pays an average of GH¢ 550.00 as income tax to the govemment of Ghana on a monthly basis. Suppose that seven thousand, eight hundred and twenty (7,820) units of Quin are produced and supplied by Sharp Inc. but the quantity demanded for Quin is eight thousand (8,000) units. Ceteris Paribus, a GH¢ 20.00 change in the price of Quin results in a change in quantity demanded for and supplied of 4 and 5 units, Ay respectively. [Hint: change in X due to change in Y is given as ax ]. Given the above information: a) Determine the equilibrium price and equilibrium quantities of Quin. b) Suppose the Govemment of Ghana in the wake of the COVID-19 pandemic grants a subsidy of GHs 4.50 on each Quin produced. Compute the new equilibrium price and…Suppose that fixed costs for a firm in the automobile industry (start-up costs of factories, capital equipment, and so on) are 50 and that variable costs are equal to 20 per finished automobile. Because more firms increase competition in the market, the market price falls as more firms enter and automobile market, or specifically, P-20 + (1/2n), where "n" represents the number of firms in a market. Assume that the initial size of the US and the European automobile markets are 900 and 1,600 people, respectively. a. Calculate the equilibrium number of firms in the US and European automobile markets without trade. Explain. b. What is the equilibrium price of automobiles in the US and Europe if the automobile industry is closed to foreign trade? Explain. C. Now suppose that the US decides on free trade in automobiles with Europe. How many automobile firms will there be in the US and in Europe combined? What will be the new equilibrium price of automobiles? Explain. d. Why are prices in the…
- After developing the new Personal computer with special functions the company would need to be cautious. Although there are patents out protecting the design of this new computer it is still possible for others to see the design and create something similar based off of it. Although licensing the brand would greatly benefit the cost of production and relieve most of the cost from transportation it would be wise to not give another company the opportunity to see the design. Creating the company in the home-country and exporting would help keep the design to ourselves and is therefore safe. However, doing this will increase the cost of transportation significantly. A third option that the company has is to wholly own a subsidiary. This will allow the company to control all matters regarding the production strategy as well as the marketing aspect. Setting up a wholly owned subsidiary is expensive and a major risk as it requires the parent company to commit 100% of the equity contributed.…Sharp Inc., a wholly Ghanaian owned company specializes in the production of hand sanitizers branded as Quin. The company has branches in all the regions in Ghana with its head office located at Cape Coast. It employs 1,200 people and pays an average of GHȼ 550.00 as income tax to the government of Ghana on a monthly basis. Suppose that seven thousand, eight hundred and twenty (7,820) units of Quin are produced and supplied by Sharp Inc. but the quantity demanded for Quin is eight thousand (8,000) units. Ceteris Paribus, a GHȼ 20.00 change in the price of Quin results in a change in quantity demanded for and supplied of 4 and 5 units, respectively. [Hint: change in X due to change in Y is given as ]. Given the above information: a) Determine the equilibrium price and equilibrium quantities of Quin . b) Suppose the Government of Ghana in the wake of the COVID-19 pandemic grants a subsidy of GHs 4.50 on each Quin produced. Compute the new equilibrium price and quantities of Quin. c)…Quantum Footwear is an MNE that manufactures inexpensive shoes. Quantum outsources portions of its production to independent companies located in Bangladesh and India where child labor is common. Other clothing and footwear firms have recently faced criticism regarding the use of child labor, and Quantum executives want to avoid similar problems. Which of the following would be the best approach for Quantum? improving conditions at the subcontract facilities developing an external ethics code for foreign partners and letting them worry about compliance requiring local governments to alter their labor policies leaving the market and focusing on domestic production
- Bavarian Crystal works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian crystal works estimates total and marginal production cost to be: TC= 10,000+40 Q + 0.0025Q^2 And MC equals 40+0.005Q where cost are measured in US dollars in cuteness and number of wine decanters produced annually. Because Bavarian crystal works is the only one of many Christian producers in the world market, it can sell as many of the decanters it wishes for $70 apiece. Total and marginal revenue are: TR=70 Q and MR = 70 what is the optimal level are production of wine decanters? What is a marginal revenue from the last wine decanters sold? What part of total revenue, total costs, and net benefit (profit) from selling the optimal number of wine decanters? At the optimal level of production of decanters, extra decanted can be so for $70, thereby increasing total revenue by $70. Why does the manager of the firm not produce and sell one more…To reduce shipping distances between the manufacturing facilities and a major consumer, b) a Korean computer brand, Intel Corp. intends to start production of a new controlling chip for Pentium III microprocessors at their two Asian plants. The cost of producing x1 chips at Chiangmai (Thailand) is C = 0.002x? + 4x1 + 500, and the cost of producing x2 chips at Kuala-Lumpur (Malaysia) is C2 = Korean computer manufacturer buys them for RM150 per chip. 0.005x + 4x2 + 275 . The %3| i) Find the quantity that should be produced at each Asian location to maximize the profit. ii) Using the second order condition (SOC), prove that the profit is at the maximum.Q#3: XYZ construction are manufactures of slabs and are the major suppliers for orange train in Lahore. XYZ is manufacturing two types of slabs. The cost for these two types of slabs are $175 and $225, respectively. XYZ current production capacity is 200 slabs (both types). Because of the urgency of the need, government of the Punjab would pay the manufacture a bonus of $50,000 plus an additional $25 for each of the unit greater than 200. Determine the function which determine the sales of the number of slabs provided of each type by XYZ construction. What is the expected profit if XYZ is manufacturing 150 slabs of type 1, and 250 slabs of type IL