Write an essay on managerial economics

Assignment Help Managerial Economics
Reference no: EM132210054

Question: Lester Scholl's administrative assistant calls you on Monday afternoon to set up a conference call between you and the chairman tomorrow morning to discuss the board's reaction to your list and to discuss your next task. You call the number she gave you, and Lester joins the call shortly after.

"I'm pleased with your work," he says. The board was impressed with your list of factors. Your ranking made sense because your explanations were well-written. I suspect they read everything you sent because it was concise and clear. Good job."

"Thanks," you say, and you feel relieved that your first assignment was well-received.

"Your list provided the basis for a good conversation about the manufacturing operations," he says. "We want to know more about the economy of both countries to further inform our decision-making process."

"That makes sense," you say. "The United States and South Korea hold many distinct economic factors that may affect AutoEdge's long-term financial performance."

"Right," he says. "Your research on the two economies will give the board enough information so we can advise the new, incoming CEO."

"What should my research include?" you ask.

"In your research, you must take into consideration several macroeconomic factors," he says. "We want to see information about the gross domestic product (GDP), unemployment, interest rates, and inflation for both the United States and South Korea. Make sure your research is current; that is, no more than 6 months old."

"I'll get started right away," you say.

"Very good," he says. "Let me know if you have any questions, and I'll put you in touch with some of the other members of the board if I can't provide the answers you need."

"Great," you say. "Thank you."

Reference no: EM132210054

Questions Cloud

Consider low-versus high-involvement purchases : Consider low- versus high-involvement purchases.
Write a program that finds all the values in array a : Write a program that finds all the values in array a that is both divisible by 5 and strictly less than 100, and puts those values into array b.
Display both the range of values in the data collection : Write a program that will find the smallest, largest, and average values in a collection of N numbers.
Create added value for adoption and future use in companies : What additional ERP services and features would create added value for adoption and future use in companies?
Write an essay on managerial economics : Lester Scholl's administrative assistant calls you on Monday afternoon to set up a conference call between you and the chairman tomorrow morning to discuss.
Demonstrate that it works with table and another table : This method will return the number of elements in the array that are odd numbers. Note that the arrays might be rectangular or ragged.
Write a personal development plan : BSBWOR501 - Manage personal work priorities and professional development - What interpersonal skills do you use to establish and build positive relationships
Consequences tied to risks in pursuit of performance goals : You witnessed or been a party to in regard to seeing the connection between positive and negative consequences tied to risks in pursuit of performance goals?
Write a program to get the state of pb5 and pb6 bits : Write a program to get the state of PB5 and PB6 bits. When both of them are HIGH, send $FF to PORTC; otherwise send $00 to PORTC.

Reviews

Write a Review

Managerial Economics Questions & Answers

  How many people should be employed to maximize profit

Where Q is the number of cars washed per hour and L is the number of people employed per hour. The firm receives $5 for each car washed, and the hourly wage rate for each person employed is $4.50. The cost of other inputs like water is trivial; hence..

  Determine the marginal revenue function

Determine what changes in the relative proportions of labor and materials are needed to operate efficiently - Determine the marginal revenue function

  What is the nature of these costs

Explain how a company can incur costs of financial distress without ever going bankrupt. What is the nature of these costs?

  Derive algebraically the quantities that should be produced

Derive algebraically the quantities that should be produced and sold, and the prices that should be charged, in each market

  Production isoquants and isocost line

A company uses two inputs to produce a final good. If the price of one of the inputs raise and price of the other remains the same

  Discuss about climate change and renewable energy

Choose a topic under the above subject with regard to not be similar to this topic: Climate change and renewable energy

  Why do many firms use cost-plus pricing for supply contracts

Why do many firms use cost-plus pricing for supply contract? What potential problems do you envision with cost-plus pricing? Should Gina contest price increase?

  What the previous manager could have done to keep job

You were recently hired to replace the manager of the Roller Division a t a major conveyor-manufacturing firm, despite the manager's strong external sales record. Roller manufacturing is relatively simple, requiring only labor

  How the aforementioned contribute to competitive advantage

The problem has been visualized that labor has been required for getting the work completed in almost all the areas where blue colored is employed.

  Determine economically efficient move

Business Week, in an article dealing with management, wrote, "When he took over furniture factory three years ago. Realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap.

  Why do analysts need to consider different factors

Why do analysts need to consider different factors when evaluating a company's ability to repay short-term versus long-term debt?

  Explain to the manager what the p-value means

During the 2004 election year, new polling results were reported daily. In an IBD/TIPP poll of 910 adults, 503 respondents reported that they were optimistic about the national outlook, and President Bush's leadership index jumped 4.7

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd