Describe at least 3 criteria that would determine whether

Assignment Help Microeconomics
Reference no: EM13387218

Describe at least 3 criteria that would determine whether the manager is making good decisions. What should be done to better assure that you are making a good decision?

In the realm of decision making, what are assumptions? Rather than use a dictionary definition, cite several specific assumptions that would go with any real-life decision you have made or have seen made at a company at which you have worked.

Given the importance of proper assumptions, your boss asked you to assess the accuracy of certain business assumptions and what could you do to test or confirm the credibility of them. The following were major assumptions for each firm:

An automobile manufacturer's assumption that the demand for SUVs would continue because gas prices would continue to rise

An airline's assumption that there was a need for an airline that provided no added amenities

Reference no: EM13387218

Questions Cloud

Determine whether or not you believe that applersquos : use the internet to research the apple corporation its current position and reputation regarding ethical and social
Xyz corporation is experiencing an average collection : xyz corporation is experiencing an average collection period of 120 days. the industry average is about 75 days. the
A risky 400000 investment is expected to generate the : a risky 400000 investment is expected to generate the following cash flows year 1 2 3 4 145300 175445 156788 145000 a.
Nbspyou will also learn about the different approaches an : you will explore how businesses react to changing economic times and the influence this has on productservice
Describe at least 3 criteria that would determine whether : describe at least 3 criteria that would determine whether the manager is making good decisions. what should be done to
What risks and opportunities do the three common strategies : you will explore how businesses react to changing economic times and the influence this has on productservice
Assume that mary boyle had a homeownerrsquos insurance : assume that mary boyle had a homeownerrsquos insurance policy with 150000 of coverage on the dwelling. would a 90
Suppose the 1-year forward exchange rate is 125euro and : 1 eurobonds versus domestic bonds - international corporate finance the dollar cost of debt for coval consulting a u.s.
In order to develop effective strategies it is critical to : external environmental scannbspin order to develop effective strategies it is critical to understand the marketplace

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd