How has Elon Musk applied systems engineering to cut costs

Reference no: EM133212126

Assignment Questions -

Q1. What is systems engineering and how has Elon Musk applied systems engineering to cut costs and increase profits? Are Musk's innovations subject to competition, copycats, and creative destruction? Over the long run, how can Musk continue to generate economic profits?

Q2. U.S. pharmaceutical companies charge different prices for prescription drugs to buyers in different nations, depending on elasticity of demand and government-imposed price ceilings. Explain why these companies, for profit reasons, oppose laws allowing re-importation of drugs to the United States.

Q3. It has been proposed that natural monopolists should be allowed to determine their profit-maximizing outputs and prices, and then government should tax their profits away and distribute them to consumers in proportion to their purchases from the monopoly. Is this proposal as socially desirable as requiring monopolists to equate price with marginal cost or average total cost? Explain.

Q4. Why is there so much advertising in monopolistic competition and oligopoly? How does such advertising help consumers and promote efficiency? How does advertising promote inefficiency?

Q5. Why do oligopolies exist? List five or six oligopolists whose products you own or regularly purchase. What distinguishes oligopoly from monopolistic competition?

Reference no: EM133212126

Questions Cloud

Identify improvement opportunities : Conduct a meeting to consult with and seek advice from relevant internal stakeholders to identity at least two improvement opportunities.

How did you support the client : How did you support the client, carer or family of the client to be involved in the decision making and Describe the role you played in representing the client

How did the rand health insurance experiment : How did the Rand Health Insurance Experiment affect the development of health policy and health insurance in the United States? Why is this experiment

What do you think uber should do in response : Which of the stakeholders mentioned do you think has the most salience, and why? What do you think Uber should do in response to the bill introduced by Susan

How has Elon Musk applied systems engineering to cut costs : What is systems engineering and how has Elon Musk applied systems engineering to cut costs and increase profits. Why do oligopolies exist

Evaluate the competitive environment of the organisation : Assess the strategic options that ABL have used to achieve growth and Evaluate the competitive environment of the organisation

Identify the innovation and continuous improvement : The systems and processes must be the some as identified in the innovation and Continuous improvement Fact Sheet from Workplace Project Task.

Briefly discuss your intended topic selection : Make topic selection for your course project. In this week you will briefly discuss your intended topic selection and at least 5 credible and scholarly sources

Popularity of strategic alliances : Do you think these reasons are more relevant to international strategic alliances and There is a growing popularity of strategic alliances as a vehicle

User Account

All Pages