Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Assessment- Case Study - Case of Apple Inc.
A few weeks ago the editor in chief of a regional newspaper offered you the opportunity to write weekly columns on economic issues for Saturday editions. Since then you have been actively analysing different aspects of the economic impacts of different events using your knowledge in Economics. As a Bachelor of Business degree graduate you are particularly interested in the concept of price elasticity of demand and supply, you also know that the price elasticity is an important element of market structures (i.e.buyers in different markets have different price elasticities of demand). Last Saturday you published a column about power of markets. In your column "Market Structure and the Firm Behaviour"you discussed the differences and similarities between perfect competition and monopoly markets and provided an example for each type of market structures. In your column you also indicated that price elasticity is a way of looking at sensitivity of price that is related to product demand. A fewdays after publication of your column you received an email from the secretary of the Economic Society of Australia - QLD branch congratulating you on your last influential article, inviting you to be a keynote speaker in the near future event called Young Economist Speaker, aconference to beheld in Brisbane.You are quite excited about this opportunity and accept the invitation. You find out that the Young Economist Speaker series this year focuses on Price Policies for New Products.The conference secretariat informs you that the organisers in particular are interested to focus onthe multinational technology company, Apple Inc. as an example of a product-driven company with significant global presence. To make discussions more narrowly focused the conference secretariat sends you a few News articles as background information (published by BBC) and a set of three targeted questions,and requests you to answer those questions in your keynote address. (As students you are expected to answer all these three questions in essay format).
Questions:
1. What type of market structure Apple Company can be considered to be in? Clearly explain your answer and provide at least 3 reasons to support your answer. (tip: only focus on types of markets that have been covered in the lectures and ignore the rest)
2. In the News articles attached to this document it is implied that the large increase in Apple's revenue and profit in 2017 has been associated with a deliberateprice increase. How can you explain this association?
3. Describe Apple's cost structure, and carefully examine Apple's economies or diseconomies of scale.
Attachment:- Case-Study-Apple-Case.rar
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.
Problem - Total Cost, Average Cost, Marginal Cost: - Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd