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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.
Define the income elasticity of demand. Use income elasticity to distinguish a normal good from an inferior good. Is it possible to tell from the income elasticity of demand whether a product is a luxury good or a necessity good?
What are the factors that would influence the Federal Reserve in adjusting the discount rate and how does the discount rate affect the decisions of banks in setting their specific interest rates?
Presume that the government decides to guarantee an above-market price for a good by buying up any surplus at that above-market price. Using a conventional supply-demand diagram, illustrate the following gains and losses from such a price support: Th..
The table below gives data on output for a firm in the short run. The firm is able to hire labor and its TPP is given. Compute the MPP and MRP for labor if the price of the good is fixed at $12 per unit. The firm must pay workers $40 a day. How ma..
looking for examples on a contestable market? how would this affectnbspa firms pricing strategy or advertising
An Alumnus of West Virginia University whishes to start an endowment that will provide scholarship money of $40,000 per year beginning in year 5 and continuing indefinitely. The donor plans to give money now and for each of the next 2 years. If..
Compute the absolute and relative risk aversion. Are they increasing, decreasing, or constant and analytic expression for the certainty equivalent amount of wealth in this gamble.
Explain how health insurance mandates may result in inefficiencies and inequities.
Explain why the Monte Carlo simulation was unable to exactly replicate the per- centage of times the lowest priced station was found.
The market for gasoline has changed in a couple significant ways over the last few years: Describe how these changes affect the supply of and demand for gasoline. What is the overall effect on equilibrium price?
How much would you be willing to pay for this security if he market interest rate is 6%? Suppose that you have just purchased the security, and suddenly the market interest rate falls to 5%. What is the security worth?
The HRB Corporation is the world’s only manufacturer of air filters for Zamboni engines. Last year, HRB charged $20 per filter and sold 1 million of them, and it paid all of its production workers $10 per hour. This year, something happened at HRB he..
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