Category: Economics homework help

 
This posting should be a minimum of one short paragraph and a maximum of two paragraphs. Word totals for this post should be in the 100–200-word range. Whether you agree or disagree, explain why with supporting evidence and concepts from the readings or a related experience. Include a reference, link, or citation when appropriate.
Preparation
Watch the following video about some of the worst business decisions ever made:

You can view the transcript for “10 Worst Business Decisions Ever Made” here (opens in new window)Links to an external site..
For your reference, here’s a list of the ten business mistakes identified in the video:
Blockbuster declined to buy Netflix
Western Union turned down a chance to buy the patent on the telephone
Publishers turned down Harry Potter
AOL and Time Warner merger
Firestone refused to recall faulty tires and lost Ford partnership
20th Century Fox granted George Lucas rights to Star Wars films and merchandise
Atari said no to Apple computer
Kodak sat on first digital camera too long
NBC vs. Conan and Leno
RCA diversified too much
For Discussion
Pick one of the examples from the video, or research your own example (if you do this, please provide at least one supporting link). You may also choose to do more research on the example you chose. Then answer ALL of the following questions about the decision you chose:
What barriers do you think the decision-makers faced? Can you identify any biases that might have influenced their decision?
What tools or processes do you think the decision-makers could have used to avoid the bad decision? Be specific about why you think the tools or process would have led them to a different decision.
Put yourself in the decision-maker’s shoes. Do you think you would have made the same mistake? Why or why not ?

 
Approximately 2 pages
In order to lead others, it is critical that you learn self management. If you cannot lead yourself, how do you expect to lead others? For this assignment, take some time to reflect on who you are and how you have become the person you are today. How are you a leader of your own life? What actions have you taken and decisions have you made that are taking your life in the direction you would like it to go? Consider the influences and factors that have shaped who you are today. I am not looking for a chronological history of your life, but rather an analytical and reflective review of the most critical components of who you are.
Since you are taking a leadership class, I will assume that you have an interest in leading. Why do you want to lead people? Personally, what (if anything) do you expect to get from the experience? Why does that matter to you?
Some other questions to consider as you formulate your thoughts: What is your family history? What are your family traditions and customs and how have these factors influenced your life and perceptions of leadership? Who and what experiences have influenced your values and philosophies? How have mentors and critical incidents in your life transformed you?
Grades will be based on thoughtfulness and completeness of your reflection. Excellent papers stay on topic and thoroughly address the prompt. Grammar, spelling, and punctuation will also be factors in your grade so be sure to proof read your work before submitting. 1 to 2 pages, 2 pages max. 

 
1 . Individual Problems 17-2
You’re a contestant on a TV game show. In the final round of the game, if contestants answer a question correctly, they will increase their current winnings of $1 million to $3 million. If they are wrong, their prize is decreased to $750,000. You believe you have a 25% chance of answering the question correctly.
Ignoring your current winnings, your expected payoff from playing the final round of the game show is $ . Given that this is
The lowest probability of a correct guess that would make the guessing in the final round profitable (in expected value) is
2 . Individual Problems 17-3The residential division of Prism’s high-speed Internet service uses one advertising agency, while its commercial division uses another. Two analysts, Andy and Brad, are asked to test the effectiveness of the two agencies. Andy proposes an A/B test that compares the click-through rates per ad of the two agencies. Brad proposes a difference-in-difference test in which the budgets for both agencies are increased by 50%, and the percentage changes in the click-through rates are compared.
True or False: Both Andy’s estimator and Brad’s estimator are unbiased.True
False
3 . Individual Problems 17-4Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in inventory for a possible future product and estimates that the reservation value is $350,000. Your dealings on the secondhand market lead you to believe that if you commit to a price of $400,000, there is a 0.5 chance you will be able to sell the machine. If you commit to a price of $450,000, there is a 0.2 chance you will be able to sell the machine. If you commit to a price of $500,000, there is a 0.15 chance you will be able to sell the machine. These probabilities are summarized in the following table.
For each posted price, enter the expected value of attempting to sell the machine at that price. (Hint: Be sure to take into account the value of the machine to your company in the event that you are not be able to sell the machine.)Posted PriceProbability of SaleExpected Value($)($)$500,0000.15
$450,0000.2
$400,0000.5
Assume you must commit to one posted price.
In order to maximize the expected profit of the potential sale, which posted price would you commit to in order to maximize the expected value of the potential sale of the machine?$400,000
$500,000
$450,000 
5 . Individual Problems 19-1
In the late 1990s, car leasing was very popular in the United States. A customer would lease a car from the manufacturer for a set term, usually two years, and then have the option of keeping the car. If the customer decided to keep the car, the customer would pay a price to the manufacturer, the “residual value,” computed as 60% of the new car price. The manufacturer would then sell the returned cars at auction. In 1999, manufacturers lost an average of $480 on each returned car (the auction price was, on average, $480 less than the residual value).
Suppose two customers have leased cars from a manufacturer. Their lease agreements are up, and they are considering whether to keep (and purchase at 60% of the new car price) their cars or return their cars. Two years ago, Paolo leased a car valued new at $18,000. If he returns the car, the manufacturer could likely get $12,600 at auction for the car. Shen also leased a car, valued new at $12,000, two years ago. If he returns the car, the manufacturer could likely get $6,120 at auction for the car.
Use the following table to indicate whether each buyer is more likely to purchase or return the car.
Buyer
Keep and Purchase Car
Return CarPaolo
Shen
The manufacturer will lose money (at auction, relative to the residual value of the car) if
True or False: Setting a more accurate residual price of each car would help attenuate the problems of adverse selection.True
False 
6 . Individual Problems 19-5
Soft selling occurs when a buyer is skeptical of the usefulness of a product and the seller offers to set a price that depends on realized value. For example, suppose a sales representative is trying to sell a company a new accounting system that will, with certainty, reduce costs by 10%. However, the customer has heard this claim before and believes there is only a 40% chance of actually realizing that cost reduction and a 60% chance of realizing no cost reduction.
Assume the customer has an initial total cost of $700.
According to the customer’s beliefs, the expected value of the accounting system, or the expected reduction in cost, is.
Suppose the sales representative initially offers the accounting system to the customer for a price of $49.00.
The information asymmetry stems from the fact that the
Instead of naming a price, suppose the sales representative offers to give the customer the product in exchange for 50% of the cost savings. If there is no reduction in cost for the customer, then the customer does not have to pay.
True or False: This pricing scheme worsens the problem of information asymmetry in this scenario.True
False 

 In response to two peers, address the following:
Compare your analysis of the case to your peers’ viewpoints. In places where you disagree, offer a competing understanding of where the priorities lie. In areas where you agree, add additional evidence to support the consensus.
Compare your disciplinary perspective to that of your peers. If you are coming from the same discipline, in what ways was your analysis similar? If you are informed by different disciplines, how do your perspectives diverge?

 
After watching the video clip from Saving Private Ryan, what were the marginal benefits and marginal costs of the mission to save Private Ryan? Make sure to consider both the explicit and implicit costs involved. Answer the following questions:
a) What costs and benefits were relevant to Tom Hanks’ character when considering the choice between “the mission and the man?” In his mind, could he rationalize whether the marginal benefits outweighed the marginal costs?
b) Describe a choice you made at some point in your life, and explain it in terms of marginal benefits and marginal costs.
c) Can you think of a time in your life when comparing marginal benefits and marginal costs would have been inappropriate?

You may have had the same trouble as me this morning: my internet went out. Like many of us who work from home, I quickly told my coworkers and, ideally, restarted my wifi. But just as my heart started beating faster, I saw a dinosaur friend I knew.
You may already know that when Google Chrome can’t connect to the internet, a dinosaur shows up on your screen. When you press the space bar, the browser’s built-in side-scrolling running game The 
dinosaur game will start. I forget about it until the Wi-Fi stops working and I have to jump over and avoid pterodactyls and cacti. It’s been there for years.

 
Describe what management is
In the first module of the course, we introduce the term managementLinks to an external site., a core concept to this course. When people talk about management, they may be referring to very different aspects. They may be talking about the people who are the managers, especially those people in strategic positions who make important decisions for the organization, such as the executive officers, president, or general manager. Or, they may be referring to the activities and functions of an organization to achieve organizational goals.
For this assignment, let’s start with what you understand about management before we begin the course. You are going to create a short paper of one to two pages explaining your own personal definition of management. You might draw on your own personal work experience or your own observations.
Think of your audience as other students who are eager to learn about your experience and your perspective.
If you need some questions to guide your response, here are two questions to help you get started.
What is the most important function of a good manager?
Why does it matter to you to learn about principles of management?

 
Watch the video below and Take Notes.

Then write a 2 page describing what you liked or disliked about this video and then tell me about a good or poor customer service experience that you have experienced.
Criteria:
2 page in APA format
12 pt. font, double Spaced
Cite and reference your sources (research how to cite in APA format)
Must include a Title Page (but will not be counted as part of your two pages)
“Title page” must include the identifying information below:
Student Name – Jane Doe
Assignment #
Cerritos College
BA118-Retail Management
Instructor: Name
Date:
Attach your word doc. to assignment #1 in class
Worth 50 points

demonstrate your profiency with tableu skills.
Download the attached furniture document and store in your ISM3004 tableu folder.
Create a new table workbook.
connect to assn5-furnituredata.xlsx, that download a minute ago. save tableu workbook on computer as a (i will save it in my computer with the name)

 
The federal government employs a budget plan over several fiscal years that results in significant increases in the national debt, with no relief or plans to deal with the problem.
The federal government enacts new tariffs and quotas on all imports.
The general public loses confidence in their leadership, in terms of their ability to manage the economy, especially in the area of job creation.
The federal government, in an effort to stimulate the economy, decreases taxes on all individuals except those earning over $250,000 per year.
The level of investment decreases because of a lack of confidence in the economy.
Interest rates are kept artificially low by the Federal Reserve for several years.
For each of the items above, describe what would be the likely outcomes in the economy.  Use the appropriate tools of analysis, such as aggregate demand and aggregate supply where appropriate, to justify and explain your answer.