Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below.

From Assignment 1, you will use the following information:

 

Qs = -7909.89 + 79.1P

 

Qd = 38650 – 42P

 

P = 384.48 cents and Q = 22,502 units

 

 

 

You should also use the following rules for profit maximization:

 

 

 

P = MR = MC in perfect competition

 

MR = MC in imperfect competition

 

 

 

 

 

Question 1

 

Outline a plan that will assess the effectiveness of the market structure for the company’s operations. Note: In Assignment 1, the assumption was that the market structure [or selling environment] was perfectly competitive and that the equilibrium price was to be determined by setting Qd equal to Qs. The market structure in the first assignment was competitive. This means that the firm does not have control over the price and it has to charge the equilibrium price. You are now aware of recent changes in the selling environment that suggest an imperfectly competitive market where your firm now has substantial market power in setting its own “optimal” price.

 

  • Since the company has control over the price, it has to decide how much to charge and how much to produce to maximize profit. 
  • The profit-maximizing/loss-minimizing quantity and price can be determined by setting the MR = MC. This involves the following.
    • Find the total revenue: TR = P x Q
    • Find the marginal revenue by calculating the derivative of the total revenue function.
    • Set MR equal to the provided MC function and solve for Q, and then for P.
  • Based on the results, the company should make a decision to continue producing or shut down.

 

 

 

Question 2

 

Given that business operations have changed from the market structure specified in the original scenario in Assignment 1, determine two (2) likely factors that might have caused the change. Predict the primary manner in which this change would likely impact business operations in the new market environment.

 

  • Consider the change in the degree of competition.
  • Review the sections “Industry Performance” and “Competitive Landscape” in the IBISWorld report provided.
  • Factors that might have caused change could be for example consolidation of the industry, i.e., firms become bigger and have now some control on the price.  Also, firms can differentiate their product from the products of their competitors, which again results in more control over the price.  Firms’ actions are interdependent and now their decisions are affected not just by the demand and supply conditions, but by what moves their major competitors make.  These are just examples.  You might come up with other factors.

 

 

 

Question 3

 

Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisions in both short and the long-run.

 

TC = 160,000,000 + 100Q + 0.0063212Q2

VC = 100Q + 0.0063212Q2

MC= 100 + 0.0126424Q

 

  • To maximize profit, the firm has to find ways to maximize its total revenue and minimize its cost. You should also consider the difference between short and long run.  In the short run, at least one of the costs is fixed.  In the long run, all costs can be changes, i.e., all costs are variable. A review of the IBISWorld Industry Report on the frozen food production in the US can also help you answer this question.  The cost functions affect the profit. The cost functions are to be used to answer question 4 as well.
  • Using the provided cost data for the firm, determine whether the firm is making a profit or a loss by charging the equilibrium price determined in Assignment 1.
    • Calculate the total revenue.
    • Calculate the total cost.
    • Find the difference between TR and TC, which is the profit or the loss. 
    • Review the section “Cost Structure Benchmarks” (p. 22) in the IBISWorld report.

 

 

 

Question 4

 

Determine the possible circumstances under which the company should discontinue operations. Suggest key actions that management should take in order to confront these circumstances. Provide a rationale for your response. (Hint: Your firm’s price must cover average variable costs in the short run and average total costs in the long run to continue operations.)

 

  • Here, you have to find the profit maximizing or loss-minimizing quantity and price. Then, determine whether the company is making a profit. To find the value of Q and P, you should use the marginal rule MR = MC. 
  • MC function is given. 
  • You should calculate MR by using the demand function from Assignment 1: Qd = 38,650 – 42P.
    • First, inverse the demand function to show the price in terms of quantity:  P = 920.238 – 0.0238Q.
    • Then, find the TR function, which is equal to price times quantity TR = (920.24 – 0.0238Q)*Q = 920.24Q – 0.0238Q2
    • Finally, find MR which is the derivative of TR with respect to quantity, i.e., MR = 920.238 – 0.0476Q.
  • Next, set MR equal to the MC given in the second assignment and solve for the profit maximizing or loss minimizing Q and P.
  • When you find the values of Q and P, you can plug in the number for Q into the TR function to find the TR and in the TC function, to find the TC.
  • Then subtract TC from TR to find the total profit. 
    • If you get a negative number, the firm is making a loss. 
    • If the number is positive, the firm is making a profit.
  • If the firm is making a loss, you should figure out whether the firm should continue to produce at a loss in the short run, or shut
    • To answer this question, you should compare the TR with VC, or price with AVC.  If the firm is making a loss and the TR is higher than VC or the price is higher than the AVC, then it would be better off producing rather than shutting down because it will be able to cover some of its fixed cost. But if TR is smaller than VC, or if price is smaller than AVC, the firm will be better of shutting down.

 

Question 5

 

Suggest one (1) pricing policy that will enable your low-calorie, frozen microwavable food company to maximize profits. Provide a rationale for your suggestion.

 

(Hints:

 

  • In Assignment 1, you determined your firm’s market demand equation. Now you need to find the inverse demand equation. Having found that, find the Total Revenue function for your firm (TR is P x Q). From your firm’s Total Revenue function, then find your Marginal Revenue (MR) function.
  • Use the profit maximization rule MR = MC to determine your optimal price and optimal output level now that you have market power. Compare these values with the values you generated in Assignment 1. Determine whether your price higher is or lower.)

 

  • Use the profit-maximizing rule MC = MR to find the price and quantity that maximize profit.

 

 

 

Question 6

 

Outline a plan, based on the information provided in the scenario, which the company could use in order to evaluate its financial performance. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term, and the fundamental manner in which each factor influences managerial decisions.

 

(Hints:

 

  • Calculate profit in the short run by using the price and output levels you generated in part 5. Optional: You may want to compare this to what profit would have been in Assignment 1 using the cost function provided here.
  • Calculate profit in the long run by using the output level you generated in part 5 and cost data in part 3 and assuming that the selling environment will likely be very competitive. Determine why this would be a valid assumption.)

 

  • You can also review the section “Key Statistics” on p. 38 of the IBISWorld Industry Report Report.

 

 

 

Question 7

 

Recommend two (2) actions that the company could take in order to improve its profitability and deliver more value to its stakeholders. Outline, in brief, a plan to implement your recommendations.

Review the sections “Industry Performance” and “Products and Markets”

 

Additional Requirements for Assignment

  1. Assignment 2: Operations Decision

    Due Week 6 and worth 300 points

  2. Using the regression results and the other computations from Assignment 1, determine the market structure in which the low-calorie frozen, microwavable food company operates.
  3. Use the Internet to research two (2) of the leading competitors in the low-calorie frozen, microwavable food industry, and take note of their pricing strategies, profitability, and their relationships within the industry (worldwide).
  4. Write a six to eight (6-8) page paper in which you:
  5. Outline a plan that will assess the effectiveness of the market structure for the company’s operations. Note: In Assignment 1, the assumption was that the market structure [or selling environment] was perfectly competitive and that the equilibrium price was to be determined by setting QD equal to QS. You are now aware of recent changes in the selling environment that suggest an imperfectly competitive market where your firm now has substantial market power in setting its own “optimal” price.
  6. Given that business operations have changed from the market structure specified in the original scenario in Assignment 1, determine two (2) likely factors that might have caused the change. Predict the primary manner in which this change would likely impact business operations in the new market environment.
  7. Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisions in both the short-run and the long-run.

TC = 160,000,000 + 100Q + 0.0063212Q2

VC = 100Q + 0.0063212Q2

MC= 100 + 0.0126424Q

  1. Determine the possible circumstances under which the company should discontinue operations. Suggest key actions that management should take in order to confront these circumstances. Provide a rationale for your response. (Hint: Your firm’s price must cover average variable costs in the short run and average total costs in the long run to continue operations.)
  2. Suggest one (1) pricing policy that will enable your low-calorie, frozen microwavable food company to maximize profits. Provide a rationale for your suggestion.

(Hints:

  • In Assignment 1, you determined your firm’s market demand equation. Now you need to find the inverse demand equation. Having found that, find the Total Revenue function for your firm (TR is P x Q). From your firm’s Total Revenue function, then find your Marginal Revenue (MR) function.
  • Use the profit maximization rule MR = MC to determine your optimal price and optimal output level now that you have market power. Compare these values with the values you generated in Assignment 1. Determine whether your price higher is or lower.)
  1. Outline a plan, based on the information provided in the scenario, which the company could use in order to evaluate its financial performance. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term, and the fundamental manner in which each factor influences managerial decisions.

(Hints:

  • Calculate profit in the short run by using the price and output levels you generated in part 5. Optional: You may want to compare this to what profit would have been in Assignment 1 using the cost function provided here.
  • Calculate profit in the long run by using the output level you generated in part 5 and cost data in part 3 and assuming that the selling environment will likely be very competitive. Determine why this would be a valid assumption.)
  1. Recommend two (2) actions that the company could take in order to improve its profitability and deliver more value to its stakeholders. Outline, in brief, a plan to implement your recommendations.
  2. Use at least five (5) quality academic resources in this assignment. Note: Wikipedia does not qualify as an academic resource.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Analyze short-run and long-run production and cost functions.
  • Apply macroeconomic concepts to changes in global and national economies and how they affect economic growth, inflation, interest rates, and wage rates.
  • Evaluate the profit-maximizing price and output level for given operating costs for monopolies and firms in competitive industries.
  • Use technology and information resources to research issues in managerial economics and globalization.
  • Write clearly and concisely about managerial economics and globalization using proper writing mechanics.

Click here to view the grading rubric.

 

  • By submitting this paper, you agree: (1) that you are submitting your paper to be used and stored as part of the SafeAssign™ services in accordance with the Blackboard Privacy Policy; (2) that your institution may use your paper in accordance with your institution’s policies; and (3) that your use of SafeAssign will be without recourse against Blackboard Inc. and its affiliates.

Assignment 2: Operations Decision

Due Week 6 and worth 300 points

Using the regression results and the other computations from Assignment 1, determine the market structure in which the low-calorie frozen, microwavable food company operates.

Use the Internet to research two (2) of the leading competitors in the low-calorie frozen, microwavable food industry, and take note of their pricing strategies, profitability, and their relationships within the industry (worldwide).

Write a six to eight (6-8) page paper in which you:

  1. Outline a plan that will assess the effectiveness of the market structure for the company’s operations. Note: In Assignment 1, the assumption was that the market structure [or selling environment] was perfectly competitive and that the equilibrium price was to be determined by setting QD equal to QS. You are now aware of recent changes in the selling environment that suggest an imperfectly competitive market where your firm now has substantial market power in setting its own “optimal†price.
  2. Given that business operations have changed from the market structure specified in the original scenario in Assignment 1, determine two (2) likely factors that might have caused the change. Predict the primary manner in which this change would likely impact business operations in the new market environment.
  3. Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisions in both the short-run and the long-run.

TC = 160,000,000 + 100Q + 0.0063212Q2

VC = 100Q + 0.0063212Q2

MC= 100 + 0.0126424Q

  1. Determine the possible circumstances under which the company should discontinue operations. Suggest key actions that management should take in order to confront these circumstances. Provide a rationale for your response. (Hint: Your firm’s price must cover average variable costs in the short run and average total costs in the long run to continue operations.)
  2. Suggest one (1) pricing policy that will enable your low-calorie, frozen microwavable food company to maximize profits. Provide a rationale for your suggestion.

(Hints:

In Assignment 1, you determined your firm’s market demand equation. Now you need to find the inverse demand equation. Having found that, find the Total Revenue function for your firm (TR is P x Q). From your firm’s Total Revenue function, then find your Marginal Revenue (MR) function.

Use the profit maximization rule MR = MC to determine your optimal price and optimal output level now that you have market power. Compare these values with the values you generated in Assignment 1. Determine whether your price higher is or lower.)

  1. Outline a plan, based on the information provided in the scenario, which the company could use in order to evaluate its financial performance. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term, and the fundamental manner in which each factor influences managerial decisions.

(Hints:

Calculate profit in the short run by using the price and output levels you generated in part 5. Optional: You may want to compare this to what profit would have been in Assignment 1 using the cost function provided here.

Calculate profit in the long run by using the output level you generated in part 5 and cost data in part 3 and assuming that the selling environment will likely be very competitive. Determine why this would be a valid assumption.)

  1. Recommend two (2) actions that the company could take in order to improve its profitability and deliver more value to its stakeholders. Outline, in brief, a plan to implement your recommendations.
  2. Use at least five (5) quality academic resources in this assignment. Note: Wikipedia does not qualify as an academic resource.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Analyze short-run and long-run production and cost functions.

Apply macroeconomic concepts to changes in global and national economies and how they affect economic growth, inflation, interest rates, and wage rates.

Evaluate the profit-maximizing price and output level for given operating costs for monopolies and firms in competitive industries.

Use technology and information resources to research issues in managerial economics and globalization.

Write clearly and concisely about managerial economics and globalization using proper writing mechanics.

Click here to view the grading rubric.

By submitting this paper, you agree: (1) that you are submitting your paper to be used and stored as part of the SafeAssignâ„¢ services in accordance with the Blackboard Privacy Policy; (2) that your institution may use your paper in accordance with your institution’s policies; and (3) that your use of SafeAssign will be without recourse against Blackboard Inc. and its affiliates.

Franklin and Red Jacket both support and defend the Native Americans. What arguments do they make in common?

1. Franklin and Red Jacket both support and defend the Native Americans. What arguments do they make in common? What prompted the writing of each piece? Do you find both authors reliable? Why or why not?

2. Thomas Paine’s Common Sense is an argumentative essay. What argument is Paine making? How does he structure his argument? What do YOU think is his most persuasive point and why? NOTE: You MUST include the exact quote that you found the most persuasive.

 

 

*For some reason I can’t pay with Paypal. I don’t have a Paypal account. I can continue trying to pay with different cards.

Summarize your findings about recruiting in either Japan or Saudi Arabia.

Imagine you are presenting a new global recruiting strategy to your boss. Choose either Japan or Saudi Arabia, and research business strategies for recruiting in your chosen region. Identify the top three to five (3-5) factors that would need to be considered when recruiting in the country you chose. Close with a persuasive summary on why you believe these factors are important. Close with a persuasive summary that explains why these factors are important. Demonstrate your findings to your boss in the form of a PowerPoint presentation.

 

Create a four to eight (4-8) slide PowerPoint in which you:

 

  1. Summarize your findings about recruiting in either Japan or Saudi Arabia.
  2. Identify the top three to five (3-5) factors that would need to be considered when recruiting in your chosen region.
  3. Develop a persuasive closing summary that describes why the factors you identified are important.
  4. Include links or references to one to three (1-3) quality resources based on your research. Note: Wikipedia and similar websites do not qualify as quality resources.
  5. Format your assignment according to the following formatting requirements:

 

a. Format the PowerPoint presentation with headings on each slide and one (1) relevant graphic (photograph, graph, clip art, etc.). Ensuring that the presentation is visually appealing and readable from up to 18 feet away.

b. Include a title slide containing the title of the assignment, your name, your professor’s name, the course title, and the date.

Specify groups that were affected by industrialization and provide two examples for each group describing how the group was affected.

3-5 page paper using the attached outline and 3 academic references

 

Major aspects of industrialization between 1865 and 1920.  In your response, consider society, the economy, and politics. Specific groups that were affected by industrialization and provide two examples for each group describing how the group was affected. (Consider issues such as race, ethnicity, gender, child labo

Explain how the mobile and wearable devices are different, and how they benefit a business.

Based on what you have learned about mobile and wearable computing devices, create a 5-slide presentation to a department head or the CEO of a company, to convince the audience that these devices and the data from these devices would benefit the business.

 

Identify at least three distintict mobile and wearable computing devices.

 

Remember to state the business problem, articulate the current setup, discuss examples of of mobile and wearable devices, explain how the mobile and wearable devices are different, and how they benefit the business. Use the five criteria that were discussed in your learning team forum to compare each device.  The first slide of your presentation should clearly list the five criteria you will be using in your evaluation. Use a table when making a summary of your comparison.

 

Include detailed speaker’s notes for each slide. Use a professional slide background and graphics on each slide.

Why do so many cultures have divinities in similar roles?

Select one common divine role that recurs in world mythology.

 

Possible options of divine roles include the following: father or mother divinities, divinities of war, home or hearth divinities, divinities of love, divinities of wisdom, divinities of medicine or health, divinities of the wind, divinities of agriculture, divinities of the sky, ruler of all the gods, and so on.

 

Identify the role in the title of your table.

 

Select two myths, each from a different culture, in which the divine role appears. Identify the divinity names and cultures in columns A and B.

 

Complete the table by answering each of the five questions for both selected divinities.

 

Title: Column A

Divinity Name:

Culture of Origin:

Column B

Divinity Name:

Culture of Origin:

1.     How is this divinity portrayed? Describe the divinity’s role within the myth.    
2.     Is the divinity male or female? What function does this gender play?    
3.     What are the divinity’s attributes, such as divine powers or characteristics? What objects does the divinity possess, such as a weapon or animal, that assist him or her?    
4.     Within the myth of origin, how does this divinity compare with other divinities? How does this divinity interact with or compare to divinities of the same gender and to divinities of the opposite gender?    
5.     Identify one character from contemporary culture that shares characteristics of each divinity and explain why you chose each character. What real-life ideals does this divine role represent? How attainable are these ideals?    

 

Part II

 

Write a 150- to 350-word short essay addressing the following: Why do so many cultures have divinities in similar roles?

Create an implementation proposal for a HRIS that will manage employee information and Payroll.

For the final project, you will need to create an implementation proposal for a HRIS that will manage employee information and Payroll. You will be acting as the HR Director who will be presenting to the executive team of the company. Using the same company that you referenced in the Module 03 writing assignment, create (1) a proposal and (2) PowerPoint that you would pose to the company.

The paper and the PowerPoint presentation need to be 5-8-pages/slides each (not counting the cover page and reference page) and include the following headings, which are denoted in all caps.  Utilize and cite at least 5 sources on your reference page.

  • INTRODUCTION: Explains the contents that will be reviewed in the paper. (1/2 page, 1 slide)
  • BUSINESS ASSESSMENT: Describes the business (size, structure, etc.) If there are unknowns, make assumptions based on typical companies from similar fields and of similar size. (1 page, 1-2 slides)
  • HRIS NEEDS ANALYSIS: Review the shortfalls and challenges of the current Payroll and employee data tracking systems. Refer to the course reading for additional information on conducting a needs analysis. Answer the following: How might an HRIS application assist the business? What elements should the HRIS contain in order to help the company be more efficient and productive? (1-2 pages, 1-2 slides)
  • PAYROLL/EMPLOYEE DATA HRIS VENDOR CHOICE: Conduct research to find an HRIS vendor. You want to do a compare and contrast in this section of at least two vendors. Then, choose a vendor. Explain why you chose this vendor over another/others. Include the Web address and proper citations for the vendor applications compared. You must have theory to support your decision. Include the benefits of implementing the suggested system and risks and security precautions that need to be addressed. (2 pages, 2 slides)
  • CONCLUSION: End the paper with a review of the major points and a concise summary of your recommendation for the

What is the best evidence rule?

1. What is the best evidence rule? Explain in detail a) Why was the best evidence rule implemented into the U.S. court system? b) What was the rationale behind the rule 2. Wiretapping Definition a) How packaged b) How presented c) Chain of custody 3. Wiretapping Status through Cases a) Olmstead v. U.S. b) Nordone v. U. S. c) Goldman v. U.S. d) Berger v. New York e) Katz v. U.S. 4. Fruit of Poisnous Tree Defination a) How wiretapping relates 5. Original Evidence Definition a) Original evidence lost b) Outcome of case 1. Prosecution 2. Defense

Describe your analogy in the same amount of detail as would be required to explain PKU to someone who has little background in biochemistry.

The homework assignment is to create a new analogy to explain PKU that does not use any of the items discussed in class. Describe this analogy as outlined below using a typed response of no more than two pages, single spaced in 11 point font. Each individual in class should generate their own independent analogy for this homework assignment (no groups).

 

  1. Describe your analogy in the same amount of detail as would be required to explain PKU to someone who has little background in biochemistry.
  2. Provide a list that explains how each item or action in your analogy corresponds to an item or action in the assigned topic.
  3. Discuss strengths and weaknesses of your analogy.

Differentiate the level of market efficiency between a nation that is considered an emerging market to one that has already developed, including factors such as liquidity of debt, government regulations, GDP, etc.

In this assignment, you will select a nation that is considered to have an emerging market and you will evaluate the nation on the following factors that affect an emerging market: Gross domestic product, inflation, political risks, economic risks, country demographics, and liquidity of local debt.

Scenario:

You have been hired as a financial analyst tasked with evaluating an existing emerging market and writing an executive report on your findings about the emerging market.

Using the following report, select one of the top 30 emerging markets to research:

Instructions:

Produce an executive report that includes the following:

  • Provide statistical and qualitative information of each of the following factors: Gross domestic product, inflation, political risks, economic risks, country demographics, and liquidity of local debt.
  • Differentiate the level of market efficiency between a nation that is considered an emerging market to one that has already developed, including factors such as liquidity of debt, government regulations, GDP, etc.
  • Compare and contrast the emerging market you selected against another emerging market on factors such as market liquidity of local debt, equity market, market exchange, and regulatory bodies.
  • Evaluate and discuss the political, economic, and technological trends of the emerging market. Remember to discuss any financial actions that have been taken and should be taken due to the trends.

Write a 7–10-page report in Word format. Utilize at least four scholarly sources. Apply APA standards to the citation of sources.

Make sure you write in a clear, concise, and organized manner and attribution of sources; display accurate spelling, grammar, and punctuation.

Assignment Components Proficient
Max Points
Provide statistical and qualitative information of each of the following factors: Gross domestic product, inflation, political risks, economic risks, country demographics, and liquidity of local debt.

[CO: 5

PO: 3.2, 4.2

ILO: 1, 3, 6]

All the trends of the emerging market’s GDP, inflation, political and economic risks, demographics, and liquidity of local debt are accurate.
44
Differentiate the level of market efficiency between the nation that is considered an emerging market to one that has already developed using factors such as liquidity of debt, government regulations, GDP, etc.

[CO: 1

PO: 3.3

ILO: 1, 3]

The difference in market efficiency described includes obvious and subtle points. The differences are accurate, and demonstrate why the emerging market is yet to be classified as a developed market.
64
Compare and contrast the emerging market you selected against another emerging market on factors such as market liquidity of local debt, equity market, market exchange, and regulatory bodies.

[CO: 2

PO: 3.2, 4.2

ILO: 1, 3, 6]

The comparison of the two emerging markets is accurate. The difference between the two markets is clear. The information provided demonstrates why each market is considered an emerging market.
64
Evaluate and discuss the political, economic, and technological trends of the emerging market.

[CO: 5

PO: 3.2, 4.2

ILO: 1, 3, 6]

The effect of any political, economic, and technological trends to the emerging market are clear and specific. Financial actions that have been taken and should be taken due to the trends are clearly described.
64
Academic Writing
Organization (12)

Usage and Mechanics (12)

APA Elements (16)

Style (4)

[CO_W

PO: 1.1

ILO: 2]

Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in adequate and accurate representation and attribution of sources; and displayed accurate spelling, grammar, and punctuation. APA format was used. Use of scholarly sources aligned with specified assignment requirements.
64
Total:
300