Value marginal tradeoffs, Strategic Management

Assignment Help:

Problem: Both person A and person B are purchasing bananas and apples from the same supermarket, where the price of a banana is $2 and the price of an apple is $1. Person A is currently consuming 2 apples and 15 bananas, while person B consumes 30 apples and 3 bananas.

a) How many apples do we have to give each individual in return for taking away one banana to keep the person at the same utility? (Assume that changes in consumption are small enough so they do not alter marginal utilities)


b) How should a study value marginal tradeoffs between goods that are exchanged in a market economy? Is it appropriate to use one rate even though people might have very different preferences?

Problem: For each of the following social choice methods, which of Arrow's axioms

a) the Pareto criterion

b) plurality-rule voting (of several choices, the one with the most votes wins)

c) majority voting

d) pulling a choice out of a hat (random)


Related Discussions:- Value marginal tradeoffs

Principles of hyper competitive strategies., how might the principles of hy...

how might the principles of hyper competitive strategy b apllied to a fashion retailing industry

Definition of shareholder wealth, Alfred Rappaport's definition of sharehol...

Alfred Rappaport's definition of shareholder wealth (value)  Shareholder value = corporate (business) value - Debt The corporate value represents the perpetuity of cash

Strategy and employee performance, Select an existing business that aligns ...

Select an existing business that aligns their business strategy with employee performance. You may also use your own company. Consider the effect this alignment has had on sustaini

How is strategy to be implemented, QUESTION (a) What is strategy implem...

QUESTION (a) What is strategy implementation, and what problems may arise in implementing a strategic change? (b) Who implements strategy in the organisation and how can the

What makes a strategy a winner, What Makes a Strategy a Winner? 1.   T...

What Makes a Strategy a Winner? 1.   Three questions are used to examine the merits of one strategy versus other & distinguish a winning strategy from a losing or mediocre str

Benefits of shared service centres, Q. Benefits of shared service centres ?...

Q. Benefits of shared service centres ? ¸ Economies of scale e.g. sharing overhead of a centralised function or process across divisions in the same group, it avoids divisions

Diversification, refer to case scenario,is ICP''s focuse low-cost/price str...

refer to case scenario,is ICP''s focuse low-cost/price strategy opproprate for its industy?why?

What techniques would you use, Question 1: "Sometimes conflicts escalat...

Question 1: "Sometimes conflicts escalate, the atmosphere becomes charged with anger, frustration, resentment, mistrust, hostility, and a sense of futility....in such a confli

Write Your Message!

Captcha
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