Activity 2: Operations DecisionDue Week 6 and worth 300 pointsUsing the regression outcomes and totally different computations from Activity 1, determine the market development by which the low-calorie meals agency now operates.Use the Net to evaluation two (2) of the primary rivals throughout the low-calorie microwavable meals enterprise, and pay attention to their pricing strategies, profitability, and their relationships all through the enterprise (worldwide).Write a six to eight (6-Eight) net web page paper by which you:1. Outline a plan that may assess the effectiveness of the market development for the companyâs operations. In Activity 1, the concept was that the market development [or selling environment] was fully aggressive and that the equilibrium worth was to be determined by setting QD equal to QS. You in the intervening time are aware of present modifications throughout the selling environment that counsel an imperfectly aggressive market the place your company now has substantial market power in setting its private âoptimalâ worth.2. Provided that enterprise operations have modified from the market development specified throughout the distinctive state of affairs in Activity 1, determine two (2) probably elements which will have triggered the change. Predict the primary technique by which this alteration would probably impression enterprise operations throughout the new market environment.three. Analyze the fast run and prolonged value options for the low-calorie microwaveable meals agency given the related payment options beneath and counsel substantive strategies by which the low-calorie meals agency might use this information in order to make selections in every the short-run and the long-run.Complete Worth: TC = 160,000,000 â 115.56Q + zero.01111Q2Variable Worth: VC = â 115.56Q + zero.01111Q2Marginal Worth: MC = -115.56 + zero.02222QMore significantly:a. Write the equation for the Frequent Complete Worth function (ATC). (Hint: ATC = TC/Q.)b. Determine the quantity (Q) associated to minimal ATC. (Hint: ATC is minimized when ATC = MC).c. Determine the minimal price of ATC.Don’t forget that to be worthwhile, the productâs worth (P) needs to be greater than its frequent full value (ATC) on the optimum diploma of output (Q).4. Determine the attainable circumstances beneath which the company must discontinue operations. Advocate key actions that administration must take in order to confront these circumstances. Current a rationale to your response. (Hint: Your firmâs worth ought to cowl frequent variable costs throughout the fast run and customary full costs in the long run to proceed operations.)5. Advocate one (1) pricing protection that may permit your low-calorie microwavable meals agency to maximise earnings. Current a rationale to your suggestion. (Hint: In Activity 1, you determined your firmâs market demand equation to be QD = 211,000 -10P. That is the same as the inverse demand equation: P = 21,100 â zero.10 Q. Since Complete Earnings (TR) is P x Q, your firmâs Complete Earnings (TR) and Marginal Earnings (MR) options are:Complete Earnings: TR = (P*Q) = 21,100 Q â zero.10 Q2Marginal Earnings: MR =(dTR/dQ) = 21,100 â zero.20 QHint: Use the income maximization rule MR = MC to search out out your optimum worth and optimum output diploma now that you have market power. Consider these values with the values you generated in Activity 1. Is your worth elevated or lower? What regarding the quantity?6. Outline a plan, based mostly totally on the information supplied throughout the state of affairs that the company might use in order to contemplate its financial effectivity. Ponder all of the essential factor drivers of effectivity, just like agency income( or loss) for every the fast time interval and long term, and the fundamental technique by which each difficulty influences managerial selections.Hints:(a)Calculate income throughout the fast run by using the worth and output ranges you generated partly 6. [Optional: You may want to compare this to what profit would have been in Assignment 1 using the cost function provided here].(b) Calculate income in the long run by using the output diploma you generated partly three and assuming that the selling environment will probably be very aggressive. (Why would this be a respectable assumption?) Don’t forget that rising opponents in the long run drives the market worth (P) down until it’s the similar as minimal ATC throughout the enterprise.7. Advocate two (2) actions that the company might take in order to boost its profitability and ship additional price to its stakeholders. Outline, briefly, a plan to implement your recommendations.Eight. Use not lower than 5 (5) prime quality academic sources on this activity. Phrase: Wikipedia would not qualify as a tutorial helpful useful resource.Your activity ought to adjust to these formatting requirements:Be typed, double spaced, using Cases New Roman font (dimension 12), with one-inch margins on all sides; citations and references ought to adjust to APA or school-specific format. Confirm alongside along with your professor for any additional instructions.Embody a cover net web page containing the title of the duty, the studentâs title, the professorâs title, the course title, and the date. The quilt net web page and the reference net web page are often not included throughout the required activity net web page measurement.The exact course finding out outcomes associated to this activity are:Analyze short-run and long-run value options.Contemplate the profit-maximizing worth and output diploma for given working costs for monopolies and corporations in aggressive industries.Use experience and information sources to evaluation factors in managerial economics and globalization.Write clearly and concisely about managerial economics and globalization using appropriate writing mechanics.Please use the Genuine Activity Hyperlink throughout the half above to submit your activity for grading.