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DISCUSSION: "Managing in the Global Economy and Outsourcing Offshore"
Please respond to the following:
• From the scenario for Katrina's Candies, assuming the absence of quantitative data, determine the qualitative forecasting techniques that could be used within this scenario. Now, assume you have acquired some time series data that would enable you to make forecasts. Ascertain the quantitative technique that will provide you with the most accurate forecast.
• When deciding whether or not to outsource offshore, list the key factors aside from maximizing profits that managers should consider. Determine the key factors that you believe to be the most influential.
Production Economics and Decisions
From the scenario for Katrina's Candies, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs. Recommend the key decision-making criteria that Katrina's Candies should use for expansion decisions in the short run and in the long run. Determine under what conditions, a company should or should not continue to produce the good or service.
In November of 2009 the Chelsea football (soccer) player, Didier Drogba, pledged 3 million pounds to the construction of a new hospital in his home country of Cote d'Ivoire. Suppose the hospital has been constructed
4 short but fascinating videos on President Andrew Jackson, as well as various U.S. founding fathers, on fearing the actions and corruptions of big bankers!!! How does this illustrate "Moral Hazard" and Sound familiar to today.
The total operating revenues of a public transportation authority are $100 million while its total operating costs are $120 million. The price of a ride is $1 dollar and the price elasticity of demand for public transportation has been estimated t..
Grocery stores and gasoline stations in a large city would appear to be examples of competitive markets. There are numerous relatively small sellers, each seller is a price - taker , and the products are quite similar. a) How could we argue that t..
The marginal damages to Community A are 1q. The marginal damages to community B are 2q.Now, two other factories start producing in the area and benefit from polluting, too. For each, the marginal benefit. two other factories start producing in the ar..
Which is a real life example of a market that is close to perfect competition. computer monopoly, an oil and gas cartel or else.
A monopolist has a TC function TC = y2 + 20y. If the demand for the good is P = -8Q + 200. Show using specific numbers that the firm can make a higher profit using some type of price discrimination rather than charging everyone the same price.
Explain what factors would increase the supply (shift the supply line to the right) of a manufactured product like white bread and what factors would cause a decrease in demand (shift of the demand curve to the left) for that same product.
Explain what is meant by the multiplier and explain what variable determines its size. Prove through use of algebra that in a two sector economy saving must be equal to planned investment at the equilibrium level of output.
UBS does not respond to its competition explain how much of its sales is it going to lose.
Compute the Nash equilibria. What can you do to change the rules of the game to your advantage? Compute the profit consequences of your advice.
Draw a current budget constraint for an assumed single mother (net of child care costs) who loves leisure. Draw the new constraint. Discuss the likely effects on labor force participation and hours of work.
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