ECO 55 Week 3 Discussion – Managing in the Global Economy
Please respond to the following:
* From the scenario, assuming the absence of quantitative data, determine the qualitative techniques that could be used within this scenario. Now, assume you have acquired some time series data that would enable you to make short, medium, and long term forecasts. Ascertain the quantitative technique that will provide you with the most accurate forecast. Provide a rationale for your responses. Aside from maximizing profits, develop guidelines that list the key factors that managers should consider when deciding whether or not to outsource or integrate forwards or backwards. Determine the key factors that you believe to be the most influential. Provide a rationale for your response.
ECO 55 Week 4 Discussion – Production Economics
Please respond to the following:
From the scenario, 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. Provide rationale for your response. From the e-Activity, recommend whether the company in question should or should not continue to produce the good or service. Provide a rationale for your response.
ECO 55 Week 5 Discussion – Applications of Cost Theory
Please respond to the following:
From the scenario, 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. Recommend two (2) kinds of pricing and output strategies that Katrina’s Candies should use to reach the goal of profit maximization. Suggest key modifications that Katrina’s Candies should make in order to maintain a competitive advantage when new entrants enter the market. Provide a rationale for your suggestions. 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. Justify your response.
ECO 55 Week 9 Discussion – Government Regulations
Please respond to the following:
From the scenario, take a position as to whether government regulation is constraining or enabling in this situation, as it relates to the operational efficiency of the company. Speculate on the fundamental manner in which government regulation could impact the shareholders’ wealth and profitability. From the e-Activity, 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.
ECO 55 Week 10 Discussion- Long-Term Investment
Please respond to the following:
From the scenario, 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
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