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Based on a recent article in The Wall Street Journal, side impact crashes are among the deadliest, accounting for nearly 10,000 deaths every year. Child safety concerns have kept auto manufacturers from making side-impact airbags standard equipment, though they are optional on most middle- to highermarket automobiles. Openly critical comments by General Motors's Ron Zarrella that other manufacturers' airbag systems inflate too powerfully and present a potential hazard to children have led to an industry wide study aimed at devising a common set of safety standards for side-impact airbag systems. Part of the trick of developing a set of standards that will protect both adults and children equally is getting the industry to agree on a single set of standards.
Suppose that such standards are developed and that Ford and GM must simultaneously decide whether to make side-impact airbags standard equipment on all models. Sideimpact airbags raise the price of each automobile by $500. If both Ford and GM make side-impact airbags standard equipment, each company will earn profits of $1.5 billion. If neither company adopts the sideimpact airbag technology, each company will earn $0.5 billion (due to lost sales to other automakers). If one company adopts the technology as standard equipment and the other does not, the adopting company will earn a profit of $2 billion and the other company will lose $1 billion.
If you were a decision maker at GM, would you make side-impact airbags standard equipment? Explain
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Rochester Metro Area was hit with a major ice storm in 2003. Suppose that before ice storm of 2003, the weekly demand and supply for ice in the Rochester Metro Area were given by following equations:
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Dell Computer Corporation, the world's biggest personal computer maker, is keenly aware of everything its rival PC manufacturers decide to do.
Discuss and explain the individual contributions that could be made through a cross-functional team to the following list of activities.
I have been asked to find information on aggregate income. However, I also need to find information on labour and wealth income dis-aggregated.
Market Structure and Pricing Decision Applied Problems, BUS 640 Managerial Economic,
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