ECO550 Week 2,3,4,5 Discussions+ Midterm

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ECO550 Week 2 Discussion 1 and 2

 

Discussion 1

 

Discussion 1 "Estimating Demand"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. Determine the meaning, relevance, and importance for a manager interpreting the regression results.

 

 

Discussion 2

 

From the e-Activity, 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. Provide a rationale for your response.

 

 

ECO550 Week 3 Discussion 1 and 2

 

Discussion 1

 

 "Managing in the Global Economy" Please respond to the following: *Answer the following discussions based on the Katrina’s Candies scenario: 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 short, medium, and long term forecasts. Ascertain the quantitative technique that will provide you with the most accurate forecast. Provide a rationale for your response.

 

Discussion 2

"Outsourcing Offshore" Please respond to the following: Answer the following discussions on the decision to outsource offshore: Aside from maximizing profits, list the key factors that managers should consider when deciding whether or not to outsource offshore. Determine the key factors that you believe to be the most influential. Provide a rationale for your response. Examine the manner in which the firm’s decision to outsource offshore is impacted by foreign exchange. Determine whether or not it matters where the company outsources offshore. Provide a rationale for your response.

 

 

ECO550 Week 4 Discussion 1 and 2

 

Discussion 1

 

"Production Economics" 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. Provide rationale for your response.

 

 

 Discussion 2

 

 "Production Decisions" Please respond to the following: 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.

 

 

ECO550 Week 5 Discussion 1 and 2

 

Discussion 1

 

 "Applications of Cost Theory" Please respond to the following: * Answer the following discussions based on the Katrina’s Candies scenario: 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. 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.

 

 

Discussion 2

 

 

 "Cost Management" Please respond to the following: 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.

 

 

 

 

ECO550 Midterm Exam 500+ Questions

 

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