Issues in managerial economics and globalization

Reference no: EM13154589

Choose and research an industry where there has been a pattern of change in a particular market model (monopoly, oligopoly, etc.).

Write a four to five (4-5) page paper in which you:

Describe the industry and explain the general pattern of change of the particular market model.

Hypothesize the basic short-run and long-run behaviors of the model in the industry you have chosen in a "market economy."

Analyze at least three (3) possible areas for the industry that could lead to transaction costs, and explain each in detail.

Speculate about the behavior that could result from these transactions and propose at least two (2) strategies for dealing with them.

Collect costs, revenue data, or other data from the industry that you deem relevant. Explain how you would modify the data in order to make it relevant to decisions a manager must make.

Explain the major factors that affect the degree of competitiveness in your industry. Use the data to develop at least three (3) measures (e.g., productivity measures) to show how the industry is evolving.

The specific course learning outcomes associated with this assignment are:

Apply the concepts of supply and demand to determine the impact of changes in market conditions in the short run and long run and the economic impact on a company's operations.

Use short-run and long-run firm production and cost functions to evaluate the impact on industries.

Analyze how production and cost functions in the short run and long run affect the strategy of individual firms.

Use technology and information resources to research issues in managerial economics and globalization.

Reference no: EM13154589

Questions Cloud

Record sales revenue : On January 1, 2007, Lex Co. sold goods to Eaton Company. Eaton signed a noninterest-bearing note requiring payment of $80,000 annually for seven years. The first payment was made on January 1, 2007. Trecord sales revenue

What is the rejection rule using the critical value : A sample of 25 provided a sample mean x=14 and a sample standard deviation s = 4.32. What is the rejection rule using the critical value? What is the conclusion?

At what temperature will the rate constant for the reaction : At what temperature (celsius) will the rate constant for the reaction be 140.0 s-1? Use the conversion Kelvin = C + 273.15

What is the future worth of this investment the companies : HoosierMaker expects to garner revenue of $9.5 million each year and spend $1.3 million a year in costs, over the next 7 years. What is the future worth of this investment if the companies' rate of return is 16% per year?

Issues in managerial economics and globalization : Analyze how production and cost functions in the short run and long run affect the strategy of individual firms and use technology and information resources to research issues in managerial economics and globalization.

What is the molar mass of the unknown gas : nknown gas effuses in 11.0 min. An equal volume of H2 in the same apparatus under the same conditions effuses in 2.56 min. What is the molar mass of the unknown gas

Audit of internal control-importance of audit committee : Explain why an audit of internal control provides value to the investing public. Explain the importance of an audit committee to the reliability of the financial statements and the audit function

Interval estimate around sample mean by standard deviation : Find the standard error of the mean Also establish an interval estimate around the sample mean using one standard deviation of the mean.

Tested for nonconformity : If 30 samples of 100 items are tested for nonconformity, and 95 of the 3,000 items are defective, find the upper and lower control limits for a p -chart.

User Account

All Pages