29 Dec “Supply and Demand”

Week 1 Discussion

“Supply and Demand” Please respond to the following:

From the scenario for Katrina’s Candies, examine the key factors affecting the demand for and the supply of a good in general and Katrina’s Candies specifically. Distinguish between a change in demand and a change in the quantity demanded (movement along the demand curve). Propose two (2) methods in which organizations that provide the good may utilize this information.

ECO550 Week 2 Discussion Latest 2017 August

Week 2 Discussion

“Estimating Demand and Its Elasticities” Please respond to the following:

From the scenario for Katrina’s Candies, examine the procedure Herb will use to estimate the demand model developed in the scenario for Week 1. Analyze the elasticity of demand for products within the selected industry relevant to Katrina’s Candies. Determine the factors involved in making decisions about pricing these products that you believe to be the most influential.

ECO550 Week 3 Discussion Latest 2017 August

Week 3 Discussion

“Managing in the Global Economy and Outsourcing Offshore” Please respond to the following:

From the scenario for Katrina’s Candies, assuming the absence of quantitative data, determine the qualitative forecasting techniques that could be used within this scenario. Now, assume you have acquired some time series data that would enable you to make forecasts. Ascertain the quantitative technique that will provide you with the most accurate forecast.
When deciding whether or not to outsource offshore, list the key factors aside from maximizing profits that managers should consider. Determine the key factors that you believe to be the most influential.

ECO550 Week 4 Discussion Latest 2017 August

Week 4 Discussion

“Production Economics and Decisions” Please respond to the following:

From the scenario for Katrina’s Candies, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs. Recommend the key decision-making criteria that Katrina’s Candies should use for expansion decisions in the short run and in the long run. Determine under what conditions, a company should or should not continue to produce the good or service.

ECO550 Week 5 Discussion Latest 2017 August

Week 5 Discussion

“Market Structures and Cost Management” Please respond to the following:

From the scenario for Katrina’s Candies, determine the appropriate type of market structure for the situation in question. Cite at least four (4) defining characteristics that have helped you reach this decision regarding the appropriateness of the chosen structure.
Imagine that you are a manager of a chemical company. An accident has occurred in which chemicals leaked into the ground water nearby. The community is unaware of the accident. Compare the primary costs involved in cleaning up the water immediately (and thus confessing) versus hiding your culpability now and possibly paying more in the future. Predict the impact on profitability in both situations.

ECO550 Week 6 Discussion Latest 2017 August

Week 6 Discussion

“Market Structures” Please respond to the following:

From the scenario, assuming Katrina’s Candies is operating in the monopolistically competitive market structure and faces the following weekly demand and short-run cost functions:
VC = 20Q+0.006665 Q2 with MC=20 + 0.01333Q and FC = $5,000

P = 50-0.01Q and MR = 50-0.02Q

*Where price is in $ and Q is in kilograms. All answers should be rounded to the nearest whole number.

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Algebraically, determine what price Katrina’s Candies should charge in order for the company to maximize profit in the short run. Determine the quantity that would be produced at this price and the maximum profit possible.

ECO550 Week 7 Discussion Latest 2017 August

Week 7 Discussion

“Predicting Price-Setting Strategies” Please respond to the following:

From the scenario for Katrina’s Candies, determine the importance of predicting the pricing strategies of rival firms in an industry characterized by mutual interdependence. Examine the common price setting strategies of airlines that use game theory. Predict the potential effects of such pricing strategies on the demand for seats, and conclude the resulting impact on the profitability of the airlines.

ECO550 Week 8 Discussion Latest 2017 August

Week 8 Discussion

“Entering a Merger and Organizational Form” Please respond to the following:

From the scenario for Katrina’s Candies, examine the major implications for firms entering into a merger. Explain the criteria the U.S. Department of Justice and the Federal Trade Commission would follow when deciding on whether or not to approve a proposed merger.

ECO550 Week 9 Discussion Latest 2017 August

Week 9 Discussion

“Impact of Government Regulation” Please respond to the following:

Take a position on whether the banking industry needs more or less government regulation. Support your position with two (2) examples of the impact of regulation.

ECO550 Week 10 Discussion Latest 2017 August

Week 10 Discussion

“Long-Term Investment and Cost-Benefit Analysis” Please respond to the following:

From the scenario for Katrina’s Candies, suggest one (1) method in which Herb could use a cost-benefit analysis to argue for or against an expansion. Create three (3) optimal decision rules for Katrina’s Candies (e.g., whether to hire more staff or hire temporary workers to meet production schedules). Assess both the short-term and the long-term costs and benefits of obtaining a graduate degree. Support your decision to obtain a graduate degree with a cost-benefit analysis of your particular situation.

ECO550 Week 11 Discussion Latest 2017 August

Week 11 Discussion

Please give most enjoyable part or parts of the class for you, and asThe state of education affects our economy of course: Address the following as The state of education affects our economy and managerial economists of course:

John Stossel- Stupid InAmerica documentary https://www.youtube.com/watch?v=DIsZpttVSTY&t=7s

from movie (True Story) Lean on Me with Morgan Freeman-education and poverty and discrimination topics.

trailer http://www.youtube.com/watch?v=evA9nkdOhKU

other scenes- http://www.youtube.com/watch?v=Z6zryIyVlmo

Interviews with the real Joe Clark http://www.youtube.com/watch?v=r-BtlogDhTg http://www.youtube.com/watch?v=vy51puXEzaM

Class, Do check this out with comparison to Korea. above. How about these videos from this week about Detroit Public Schools–

Warning–Gross!–Detroit Teachers Are SICK Of The Crumbling Schools Duration: (8:37)

User: The Young Turks – Added: 1/23/16 YouTube URL: http://www.youtube.com/watch?v=Lpa-KsuVsqE

Education in South Korea– http://www.youtube.com/watch?v=ZP2YIZcMecI http://www.youtube.com/watch?v=BrccO4O1zWs http://www.youtube.com/watch?v=_9J5mDbzgYY

and to laugh or cry– Kiss —Jay Leno’s “Jaywalking ” for example, that reflect education in U.S. videos. The examples are as startling as the videos! Truth is stranger than fiction as they say. https://www.youtube.com/watch?v=zZ0cwMkOFPQ