Question MBA6053 Economics for Managers Unit IV Journal Incorporate the concepts of game theory to international trade and tariffs. Set up two payoff matrices. Set up the first payoff matrix such that the outcome will be harmful to both countries. Set up the second payoff matrix such that the outcome will be beneficial to the…
Question MBA6053 Economics for Managers Unit III Journal Identify a good you commonly use or would like to use. Explain at least three factors that would result in a shift in the demand curve for that good and three factors that would result in a shift in the supply curve for that good. Describe theeffect…
Question MBA6053 Economics for Managers Unit II Journal This unit’s readings included information on pricing. You are introduced to the shutdown price, using elasticity to determine the effects of price changes, and cost-based pricing. Discuss the importance of considering elasticity in pricing decisions and the danger of relying solely on costs. Your journal entry must…
Question MBA6053 Economics for Managers Unit V Journal Explain a time you encountered non-uniform pricing, or price discrimination. Identify the type of price discrimination it was.Using the criteria necessary for price discrimination, evaluate how well that good fit price discrimination. Finally, evaluate theeffect such price discrimination has on you and society. Your journal entry must…
Question MBA6053 Economics for Managers Unit I Journal There is growing concern about poverty and income inequality. These two concepts, however, are not the same. Income inequality deals with the percentage of income earned by the different income groups, while poverty is concerned with how difficult it is for the poor to meet basic needs….
Question MBA6053 Economics for Managers Unit VI Journal Identify a situation from your own experience that involves making decisions using expected value, and detail the different options, expectations, and payouts. Discuss the risks involved with those expectations and, if applicable, the payouts. Include in your discussion an explanation of how to determine how much information…
Question MBA6053 Economics for Managers Unit IV Essay International trade can have big effects on domestic markets. For both an import good and an export good (in other words, address each bulleted item below twice—once for import and once for export), describe how opening up to international trade affects the following: · supply or demand…
Question MBA6053 Economics for Managers Unit II Essay – Elasticity Unit I introduced the benefits of markets to improving outcomes for producers and consumers. Unit II examined the role of costs and prices in decision-making. For this assignment, you will answer a series of questions in the form of an essay. Support your answers with…
Question MBA6053 Economics for Managers Unit VIII Final Project Uber is a ride-sharing service started in 2009. If you are not familiar with Uber, you can learn more about the services it provides at Uber.com. Construct an eight-page analysis of Uber using the following criteria. · Analyze the market before Uber’s entry. Describe the inefficiency…
Question MBA6053 Economics for Managers Unit VI Essay Auctions can be an important tool for selling goods and gathering information. Auctions are used in multiple venues including agriculture, eBay, and distressed asset sales. The seller does not have to worry about estimating demand and setting a price because the demanders will do that through the…
