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Assignment is to economically analyze that product. Prepare a PowerPoint presentation of 3 slides that answers the criteria listed below. Sources must be from American internet websites and must be listed.
1. What kind of consumers buy this product? Are there targeted marketing campaigns to specific groups of consumers?
2. What do you think the elasticity is: more than 1, less than 1 or equal to 1? WHY?
3. What is the size of the market?Is it a growing market?Is the industry stable, volatile, growing or trendy?
Discuss and explain the major barriers to entry into a industry. Describe how each barrier can foster monopoly or oligopoly.
At a management luncheon, two managers were overeat arguing about the following statement "A manager must never hire another worker if new person diminishing returns". Is this statement correct? If so, why? If not, discuss why not?
What do you think about the most important determinants that impact demand for banking industry's product or service and determine the impacts of innovation and technology on the cost of production?
Someone claim that immigration must always be good for economy because the raised supply of labor will result in a higher GDP. Estimate this statement.
Choose a United States firm with global operations. Discuss the company's activities outside the United States
Suppose that you are on holiday in Russia, when suddenly you are arrested and accused of spying for United States.Your captors tell you that if you confess, you will receive a prison sentence of 2-years,
Compute output, marginal cost, average cost, price, and profit at the average cost-minimizing activity level. Compute these values at the profit-maximizing activity level.
Describe and discuss the model of perfect competition and adopting strategies to gain market power in the competitive industries.
Two partners who owns IT Business Solutions, a company supplying specialist software, operate out of an office in Fourways, Johannesburg but have discovered a vacant office building close to Sandton City.
What are three main factors of production? Who are the main economic decision makers in a Markey system? Can firms and households resolve problems by cooperating with each other?
Write down the equation that describes the firms optimal choice of capital and labor. Show that a combination of inputs such that K=2L is optimal
Assume that a new law stated that any person could print their own money. Determine what kind of changes would come about in daily commercial transactions as a result of such a law?
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