Traditionally, qualitative research has been depicted as having a preparatory role in relation to quantitative research. To what extent do the different forms of mixed methods research reflect this view? Discuss, justify and give examples where appropriate.

A statistics student who is curious about the relationship between the amount of time students spend on social networking sites and their performance at school decides to conduct a survey. Three research strategies for collecting data are described below. In each, name and discuss the sampling method proposed and any bias you might expect.

He randomly samples 300 students from the study's population, gives them the survey, asks them to fill it out and bring it back the next day. (1 mark).

He gives out the survey only to his friends, and makes sure each one of them fills out the survey. (1 mark).

He posts a link to an online survey on his Facebook wall and asks his friends to fill out the survey. (1 mark).

Victoria University has 1200 students undertaking the unit Introduction to Marketing this semester across three campuses with 900 students enrolled at the Melbourne City Campus, 200 students at the Sydney Campus and 100 students at the Sunway Campus. All lecture notes, teaching and supporting materials are uploaded on the VUCollaborate. The lectures are conducted by three different local lecturers at these campuses. The researcher wants to conduct a survey of 300 students about how satisfied the students are with the unit, and he believes that the campus a student is enrolled at might affect the student’s overall satisfaction with the unit.

Suggest the most appropriate sampling strategy for carrying out this study and any bias you might expect from it. .

Discuss the Market Capitalism and Dominance Model in the BGS (Business Government Society) Field. 20 marks

2. About three types of objectives (marketing, financial, societal). Which are more important and why? Is it necessary to have objectives for all three types? Why or why not?

3.About a list of benefits and costs that form consumers' perceptions of value. From this list, which one or two do you think customers pay the most attention to? What are the implications for a marketing plan?

Speak

Case Study Eskom:

Apply the information in the artical provided below, together with knowledge of various market structures. to explain the market structure of Eskom in South Africa.

20 MARKS

Eskom our biggest threat Eskom is by far the largest of South Africa’s many state owned companies. This near monopoly power utility is in crisis. It’s the single largest threat to South Africa’s economy, according to a former minister of finance. The Conversation Africa spoke to Adjunct Professor Rod Crompton about why this is the case and what can be done.
How is power generated and distributed in South Africa?
Electricity markets in most countries consist of three parts: generation, transmission and distribution. Most electricity is generated by using heat to boil water to create steam which in turn spins a turbine that generates electricity.
South Africa’s cheap and abundant coal resources made coal generated electricity an obvious choice for many years. Initially, power stations were owned by municipalities and large mining and industrial concerns. But as the costs of recapitalisation emerged, government was persuaded to take over responsibility for power.
Eskom is among the biggest power utilities in the world, famous for its ability to handle vast tonnages of low grade coal. Eskom accounts for over 90% of power generating capacity. Its power plants are mostly coal with one nuclear station and some pumped storage (water). Only a few minor power generators have remained outside Eskom’s fold.
More recently, international climate change pressure caused government to introduce renewable power generation through bidding rounds. These private investors were given 20 year price guarantees underwritten by government – some at exorbitant prices. Nevertheless, as these technologies became more globally popular, some of them – solar (photo voltaic) and wind power – emerged as the lowest cost generators.
All power generation is tied into Eskom’s national transmission grid that moves electricity from generation stations to demand areas. Transmission is a natural monopoly. If you want to use the transmission grid you need Eskom’s permission. Transmission lines end where high voltage power is stepped down to distribution networks until it reaches residential customers – at 220 volts. In many areas Eskom sells to municipal distributors.
So, Eskom is a vertically integrated near monopoly responsible for generation, transmission and distribution. In many countries competition between power generators has been encouraged to drive down prices. Transmission, being a natural monopoly, remains just that; but like toll roads they are open to all who obey the “road rules” and pay the toll. The same goes for distribution to a lesser extent.

discuss FIVE (5) reasons why markets fail??

With the aid of a diagram, discuss market equilibrium for a public good in a hypothetical economy with two individuals who consume that public good assuming those individuals reveal their preference for that public good

discuss the concept of externalities and explain FOUR (4) categories of externalities?

Do you agree with the statement that ‘regulation of businesses in free market economies is central to its smooth functioning’? Justify your answer.

QUESTION 3

3.1 What does normal profit mean? Explain the difference between normal profit and economic profit.

3.2 Explain the relationship between average product and marginal product.

3.3 In economics we consider both explicit costs and implicit costs. Differentiate between implicit and explicit

costs.

QUESTION 4

An economist needs a deep understanding of price elasticity concepts and their applicability in today’s economy.

4.1 Define price elasticity of demand and how it is measured.

4.2 Explain the FIVE (5) categories of price elasticity of demand.

4.3 Explain the relationship between the total revenue from the sales of a product and the price elasticity of

the demand for the product. SS

QUESTION 5

5.1 List FIVE (5) requirements for perfect competition to exist.

5.2 Explain why any firm maximises profit, or minimises losses, when marginal cost is equal to marginal

revenue.

5.3 Explain the shape of the marginal revenue curve facing (a) a perfectly competitive firm and (b) a

monopolistic firm.

QUESTION 6

6.1 Briefly discuss the main components of total spending in the economy.

6.2 Identify the THREE (3) main withdrawals (or leakages) from the circular flow of income and spending in

an open economy.

6.3 Explain with examples, the following:

6.3.1 Constant returns to scale.

6.3.2 Increasing returns to scale.

6.3.3 Decreasing returns to scale.

MBA 5010 Week 4 Integrative Assignment

This week, you’re going to build on the knowledge you gained. Your assignment is to deconstruct the economics underlying Airbnb. Specifically, I want you to answer the following questions:

• Does Airbnb capture a sufficient amount of any value generated to remain a viable business?

The purpose of this question is to provide you an opportunity to demonstrate your understanding of the economics of value creation. So, emphasize this aspect of your answer. Try to limit yourself to 500 words. Your answer will be evaluated based on correctness, completeness, and clarity. As always, be attentive to your writing.

When the U.S. Government proposes a fiscal stimulus package during a recession there is usually a debate in Congress as to whether the Government should: 1) increase spending directly such as building bridges and schools; or 2) reduce personal income taxes. Using the concepts of U.S. GDP accounting based on the expenditure approach: (p. 749 ch 30)

1. Explain why each of the two options would have a different initial impact on U.S. GDP
2. How could the positive expenditure impact on U.S. GDP from the actual spending stimulated by the fiscal package diminished?

1. Suppose a perfectly competitive market is composed of 100 identical sellers (price-takers). Each individual seller faces the following private marginal costs of production:

a. If the price of the good is $100, how many units would this firm produce? How many would be produced in the market?

b. If the price of the good is $120, how many units would this firm produce? How many would be produced in the market?

c. If the price of the good is $140, how many units would this firm produce? How many would be produced in the market?

d. Suppose the table below gives the points along the market demand curve for this good.

Given all the information above, what will be the equilibrium price and quantity in this perfectly competitive market?

e. Now suppose that each unit produced by these firms creates waste which negatively affects others in the economy by an amount equal to $40 for each unit produced. If firms in this market considered the social costs of production when deciding output, rather than the private costs, what would be the equilibrium price and quantity?

f. How does this price and quantity compare to the outcome when only private costs were considered?

g. List 2 ways the government could get these firms to consider the social costs of production when deciding their output levels.

2. Suppose consumer decisions to purchase a product in a market are based solely on the private benefits these consumers expect to receive from the product. These decisions lead to the following market demand curve:

The market supply contains the following points:

a. What is the equilibrium price and quantity?

b. Now suppose each product purchased by these consumers also creates a positive externality for others of $3. If these consumers were to consider the social benefits of their purchases when deciding to buy, rather than just the private benefits, what would be the new equilibrium price and quantity?

c. How does this new equilibrium compare to the previous equilibrium when only private benefits were considered?

d. List 2 ways the government could get these consumers to consider the social benefits of their purchases when deciding to buy.

What were some of the anticompetitive effects of EDP and ENI acquiring GDP? Explain. List two of them and explain