Business Brief 3

Case study 1.7: Electricity generation Here and now Distributed power generation will end the long-distance tyranny of the grid. For decades, control over energy has been deemed too important to be left to the markets. Politicians and officials have been dazzled by the economies of scale promised by ever bigger power plants, constructed a long way from consumers. They have put up with the low efficiency of those plants, and the environmental harm they do, because they have accepted that the generation, transmission and distribution of power must be controlled by the government or another monopoly. Yet in the beginning things were very different. When Thomas Edison set up his first heat-and-power co-generation plant near Wall Street more than 100 years ago, he thought the best way to meet customers’ needs would be to set up networks of decentralised power plants in or near homes and offices. Now, after a century that saw power stations getting ever bigger, transmission grids spreading…

Topic B Problem: Imagine you have two competing athletes who have the option to use an illegal and/or dangerous drug to enhance their performance (i.e., dope). If neither athlete dopes, then neither gains an advantage. If only one dopes, then that athlete gains a massive advantage over their competitor, reduced by the medical and legal risks of doping. However, if both athletes dope, the advantages cancel out, and only the risks remain, putting them both in a worse position than if neither had been doping. What class concept best describes this situation? Using this class concept, what outcome do we expect from these two athletes? Are there any factors that could change the outcome predicted by this course concept?

Question 2 Amazon could launch a smartphone this year that costs “a fraction” of what Apple charges for its iPhone, a new report says.  Amir Efrati at The Information spills details from an allegedly leaked internal Amazon document. The paperwork is said to have been produced by a potential partner and two people who were involved in discussions with Amazon. According to Efrati, the document discussed strategies for penetrating smartphone markets in China, Europe and the United States. Earlier discussions also mentioned Latin America as a possibility. The phone, which has been referred to as “Project Aria,” is likely to go on sale this year, according to Efrati. There’s no specific price, but he says Amazon is “determined” to “keep the phone at a small fraction of the iPhone’s $550-and-up price tag.” If Amazon does launch a smartphone this year, it’s unclear if it will fall under the company’s own brand or if it will work with a partner. Efrati says Amazon was “in talks” with “multiple…

Topic A Problem: Why is a janitor in Canada paid more than a janitor in Mexico? Use class concepts in your answer. using concepts of Monopolistic competition, oligopoly, markets for factors of production.

media economics course   Question #1:   A lot of media regulation is geared towards areas such as content (protecting children) and ownership. Why are these two areas so important, and how do they differ around the globe? Question #2: What is censorship, and why do some governments openly engage in censorship involving the media industries? In what ways will this continue to play a role in media and economics? Question #3: The Internet has raised a number of legal issues since its development. One hot issue in the 21st century is that of net neutrality. What is net neutrality, and what are the two main opposing views on the topic? Where do you stand on the subject of net neutrality? Question #4: What's the role of advertising in today's media economics? What are some policies involving advertising within the media landscape, especially within economics? Question #5: Define content regulation and its role in today's media economics? In what ways will content regulation shape the media…

4 Optional Essay Outline RESEARCH ESSAY TOPIC: Explain why many economists argue against the existence of monopolies in the market, and evaluate government policies used to increase the level of competition in the market. Your answer should focus on economic efficiency and consumer welfare, and should include one or more relevant economic models (including at least one graph).

Question 3:  a.     Explain the difference between and the economic relevance of fixed costs, sunk costs, variable costs, and marginal costs by using specific examples from everyday administrative activities.  b.     By using specific product markets briefly discuss the significant difference among the following market structures: (i) perfect competition, (ii) monopoly, (iii) monopolistic competition, and (iv) oligopoly. c.     Why are externalities, public goods, and information asymmetry major problems in the market? Discuss.

Identify an article from the Wall Street Journal within the last six weeks that relates to one of the following topics: (1) Factors in an organization's external environment that had an impact on the organization. (2) Factors in an organization's internal environment that had an impact on the organization. (3) An article that provides examples of an organization exploiting the resources of a competitor to strengthen its competitive advantage. First, Summarize the article  Next, Discuss what you found interesting, educational, insightful, etc.? Then, Discuss how the article you found relates to the material you read for this week. Summarize your post.  You should not type the questions, the discussion post should flow as one document.  Think of my directions as writing prompts.  Each paragraph needs at least 4-5 sentences

Question One Management of AG Travel and Tour has identified two groups of individuals that would be interested in the vacation package consisting of room and board and/or entertainment. The maximum amount that group 1 is willing to pay for room and board is GHC 2500 and for entertainment is GHC 500. For group 2, the maximum amount they are willing to pay for room and board is GHC 1800 and for entertainment is GHC 750. Although AG Travel and Tour is not able to identify members of either group, it does know that each group values the components of the package differently. Assuming there are an equal number of members in each group and that the total membership in each group is a single individual. If the marginal cost of providing the service (room and board and/or entertainment) to each group is GHC 1000.i. How much will the hotel charge members of each group for the vacation package if it could identify the members in each group? ii. How much will the profit for AG Travel and Tour…

Question 36 Oligopoly differs from monopolistic competition in that Group of answer choices oligopolies have few buyers, while monopolistically competitive markets have many buyers. oligopolies face downward-sloping demand curves, while monopolistic competitors face horizontal demand curves. mutual interdependence is essential in monopolistic competition. each monopolistically competitive seller produces a slightly differentiated product.

21- A town in India has three Milk producing companies. The owners of these milk companies make decisions together about when to raise and lower milk prices. It would be difficult for another milk company to enter this market. Which market structure best describes this market? a. Perfect competition b. Oligopoly c. Monopolistic competition d. Monopoly

Case on Walmart: Suppose Walmart has announced plans to seek approval from the planning commission of a small town to build a new store. Develop a list of the main arguments, pro and con, that could be presented at a public hearing on the matter by members of each of these groups:1. Owners of small businesses located nearby2. Town residents, and residents of nearby townsHow might a Walmart representative respond to the negative criticisms that might be brought up, and what other benefits could the representative offer the planning board to bolster Walmart’s case for gaining the board’s approval?

1.Microsoft is one of the leading software companies. Prior to 2000, Microsoft’s share of the market for personal computer operating systems stood above 80 per cent. However, since the twenty-first century Microsoft’s market share has steadily declined to 40 per cent. This is due to the rise in competing software producers such as Apple macOS (10%), Google's Android OS (35%), Linux Operating System (35%), and Apple iOS (5%). The market share of each company is provided in parentheses. Google and Linux have decided that it would be in their best interest to work together to serve the market. This is not common knowledge to the person’s outside of the companies. i. Draw how equilibrium price and quantity are determined in this industry. Hi does this refer to the monopoly market structure diagrams? 2. Allsmart’s demand curve is given by Q=10-P for its dishwashers. The marginal and average cost is $3 per dishwasher produced. Complete the following table. Photo below concerns…

What are the key trade offs of imperfect competition?   Question 8 options:   The monopolistically competitive market structure fails to achieve allocative efficiency, but the firms all face perfectly elastic demand curves.   The monopolistically competitive market structure provides powerful incentives for innovation, but the strongest firms in a monopolistically competitive market become oligopolists.   The monopolistically competitive market structure allows firms to achieve economic profit in the short run, but the individual firms all face perfectly elastic demand curves.   The monopolistically competitive market structure provides powerful incentives for innovation, but they never achieve productive efficiency in the long run.

Question 14.14 In an oligopolistic market there are                many buyers.        few buyers.        few sellers.        many sellers.

1 Business Communication UGQB 3043 Question B a) You have just been appointed as the new CEO at your company. Discuss possible barriers of communication that might occur during your acceptance speech with relevant explanation and examples. b) How to deal with these people in a meeting? Provide TWO (2) suggestions for each type Obstinate Argumentative Inarticulate Silent Inattentive ** Dear tutor, kindly help me to throughly explain on the question given. A short essay would be very helpful** Answer Skip

14. Investment in Musical ActsSigning new music acts can be highly speculative. Record producers at music studios have to get budget approval before they sign a new act to a recording deal. Most acts perform a tried and true form of popular music in which record sales can be pretty well predicted. However, once they get approval for their budgets, why do producers sometimes sign riskier acts who either flop or “break-out” into the next sensation?

Question 6: The market in the media economy is the aggregate of many supply and demand situations involving advertising, content, technology and other media-related firms.   A True B False

QUESTION 40 Henry Manne notes that a policy making it easy to fight off hostile takeovers would dilute:      A. The ability of new shareholders to enter the investment      B. The market for corporate control      C. The power of free-flowing capital      D. The stock options of high-level executives      E. Congressional insider trading

4-23. Ethical Dilemma: American International Group (AIG) is the largest insurance company in the United States. When AIG faced financial ruin, the U.S. government used taxpayer money to loan AIG more than $170 billion in exchange for an 80 percent stake in the firm. A few months later, it was revealed that AIG had used part of the money (at least $30 billion) to pay off banks in Europe, largely for debt obligations it incurred in foreign transactions. U.S. government officials were furious. The furor intensified when AIG tried to renegotiate loans with some of its U.S. creditors, implying they were less important than the European banks. How would you handle this predicament? Use the ethical framework in this chapter to analyze how AIG might have handled the situation better.

(5) The largest cattle rancher in a given region will be unable to have a ________ when sufficient numbers of smaller cattle ranchers provide sources of competition. Select one: a. monopolistic competitive advantage b. oligopoly c. monopoly   (6) If an individual was studying the economic policies designed to stimulate the country’s economy out of a recession they would be a Select one: a. microeconomist. b. macroeconomist. c. business manager.

6     Building a competitive advantage based on superior benefit position is likely to be attractive when three conditions are met . Explain in detail the three conditions .