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Discussion Questions
"Creating Value" Please respond to the following:
Reflect on a recent purchase you have made. Argue why the product was worth the price you paid. Create a counter argument for someone who believes the price does not reflect the value of the product. In your arguments, indicate whether the product has monetary or psychological value, or both, and the influence this value had on your purchasing decision.
From the first e-Activity, evaluate how the company you selected has or has not effectively divided its respective market into segments in order to maximize profits. Provide two suggestions to the company to aid it in maximizing its profits. Support your suggestions using information from the readings.
"Pricing Strategies" Please respond to the following:
Analyze your selected fast-food restaurant chain's pricing strategy. Decide whether or not you believe its strategy maximizes profits. Defend your position by providing two reasons why you either support or do not support its strategy.
Discuss the challenges of creating an effective pricing strategy and the ways those challenges may be addressed. Provide specific examples to support your response.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
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: - 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..
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: - 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.)
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?
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..
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: 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:- 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..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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