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Hyundai Heavy Industries Co. is one of Korea's largest industrial producers. According to an article in Business Week Online, the company is not only the world's largest shipbuilder but also manufactures other industrial goods ranging from construction equipment and marine engines to building power points and oil refineries worldwide. Despite being a major industrial force in Korea, several of the company's divisions are unprofitable, or "bleeding red ink" in the words of the article. Indeed, last year the power plant and oil refineries building division recorded a $105 million loss, or 19% of its sales. Hyundai Heavy Industries recently hired a new CEO who is charged with the mission of bringing the unprofitable divisions back to profitability. According to Business Week, Hyundai's profit-driven CEO has provided division heads with the following ultimatum: "...hive off money-losing businesses and deliver profits within a year - or else resign."Suppose you are the head of the marine engine division and that it has been unprofitable for seven of the last 10 years. While you build and sell in the competitive marine engine industry, your primary customer is Hyundai's profitable ship-building division. This tight relationship is due, in large part, to the technical specifications of building ships around engines. Suppose that in your end-of-year report to the CEO you must disclose that while your division reduced costs of 10%, it still remains unprofitable. Make an argument to the CEO explaining why your division should not be shut down. What conditions must hold for your argument to withstand the CEO's criticism?
Is energy efficiency the same thing as economic efficiency and under what circumstances would the energy-efficient automobile described here be economical efficient?
Discuss the implication to Economic Efficiency of an economy operating at point and what would it take for the economy to operate at point Z?
In a separate group discussion board, present two arguments. The first should argue in favor of the proposed merger, from the perspective of the firms. The second agrues against the proposed merger from the perspective of the broader public intere..
Does microeconomics apply to every nation in the world. Explain your reasoning. and explain the specifics of any cases or examples you use and the implications of similar on local citizens of that country.
Assume that both magazines are owned by the same publishing company that maximizes the combined profits of the magazines. Will the company make the same choice as in the noncooperative game (i.e., owned by different publishing companies)?
However, the offer was contingent upon the Wallace board eliminating the poison pill. Wallace consulted with its investment banker, which advised the company that the offer was inadequate but did not inadequate. Both the board and its banker belie..
Now suppose that a scientific study find that tap water is toxic, and everyone should drink only bottled water. Illustrate the impact of this study on the market and each firm. Use graphs to illustrate your answer.
The depreciation schedule for a machine has been arrived at by several methods. The estimated salvage value of the equipment at the end of its 6-year life is $600. Identify the resulting depreciation.
To conduct an effective database search a. choose one search engine and stick with it. b. enter variations of your search terms to increase the likelihood of obtaining desirable "hits." c. use long search phrases rather than short ones or single term..
Using a separate supply and demand diagram for each part, illustrate the effect of value of the yen in terms of dollars of each of the following;
Insurance companies must provide insurance to drivers who may take risks that go unreported because they don't wreck or get ticketed (or if they do wreck or get ticketed, it goes unreported to the insurance company).
What is the difference between average total cost and average variable cost
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