write a research proposal topic on International
Marketing .
Give examples of International Marketing ?
How do International mangers cope with or thrive under these such
challenges ?
How do they deal with International Marketing B2B Marketing?
International Marketing can be conceived as a reactive and a
political to the external social political changes or should it
actively and positively deal with the dark side of its
engagement?
how to deal with digital marketing across the markets ?
In: Economics
Define a linear programming model and its components. Discuss which 3 properties a planning problem needs to meet to be modeled as an LP?
Define the feasible set and its corner points. Explain how one can find the combinations of the decision variables corresponding to the corner points. How one can use the corner points to find the optimal solution?
Define special situations: unbounded feasible set, infeasibility, alternate solutions, redundant constraints. Discuss what do these situations imply for the manager's planning problem. When do you need to and how do you avoid this situation?
In: Economics
In: Economics
Match the term to the definition. There are NO DUPLICATES in this set.
A decision for the loss-minimizing producer to cease production but not go out of business |
A group of firms that agree to coordinate their production and pricing decisions to maximize group profits |
The condition that exists when market output is produced using the least-cost combination of inputs, given the level of technology. |
To maximize profit or minimize loss, a firm should produce the quantity at which MR = MC |
A legal barrier to entry that conveys to its holder the exclusive rights to sell a product for 20 years. |
Important features of a market such as the number of firms, type of product, barriers to entry, etc. |
An agreement among firms to increase economic profit by dividing the market or fixing the price. |
Products produced within a market that are standardized. |
Any impediment that prevents new firms from competing on an equal basis with existing firms in an industry. |
The change in total cost resulting from a one-unit change in output. |
The condition that exists when firms produce the output that is most preferred by consumers; marginal benefit equals marginal cost |
A firm whose price is adopted by the rest of the industry. |
A market situation in which there are only a few firms and each of them must consider the effect of their actions on their competitors’ behavior. |
Increasing profit by selling a product for different prices to different groups of consumers when the price differences are not justified by differences in production costs. |
The difference between the rate of output at a firm’s minimum average cost and the profit-maximizing rate of output
Vocabulary:
A. |
Market structure |
|
B. |
Allocative efficiency |
|
C. |
|
|
D. |
Homogeneous product |
|
E. |
shutdown |
|
F. |
Excess capacity |
|
G. |
interdependence |
|
H. |
Golden rule of profit maximization |
|
I. |
Patent |
|
J. |
Price discrimination |
|
K. |
Productive efficiency |
|
L. |
Collusion |
|
M. |
cartel |
|
N. |
Barrier to entry |
|
O. |
Price leader |
In: Economics
In: Economics
Question for Discussion ---------- 2. Examine the role demand-side factors play in shaping the pattern of world trade. 3. Why do demand-side factors sometimes lead to the geographical concentration of manufacturing industries in particular countries or regions?
In: Economics
Breakdown of a cartel agreement
Consider a town in which only two residents, Sam and Teresa, own wells that produce water safe for drinking. Sam and Teresa can pump and sell as much water as they want at no cost. For them, total revenue equals profit. The following table shows the town's demand schedule for water.
Price |
Quantity Demanded |
Total Revenue |
---|---|---|
(Dollars per gallon) |
(Gallons of water) |
(Dollars) |
4.20 | 0 | 0 |
3.85 | 40 | $154.00 |
3.50 | 80 | $280.00 |
3.15 | 120 | $378.00 |
2.80 | 160 | $448.00 |
2.45 | 200 | $490.00 |
2.10 | 240 | $504.00 |
1.75 | 280 | $490.00 |
1.40 | 320 | $448.00 |
1.05 | 360 | $378.00 |
0.70 | 400 | $280.00 |
0.35 | 440 | $154.00 |
0 | 480 | 0 |
Suppose Sam and Teresa form a cartel and behave as a monopolist. The profit-maximizing price is
per gallon, and the total output is
gallons. As part of their cartel agreement, Sam and Teresa agree to split production equally. Therefore, Sam's profit is
, and Teresa's profit is
.
Suppose that Sam and Teresa have been successfully operating as a cartel. They each charge the monopoly price and sell half of the monopoly quantity. Then one night before going to sleep, Sam says to himself, "Teresa and I aren't the best of friends anyway. If I increase my production to 40 gallons more than the cartel amount, I can increase my profit even though her profit goes down. I will do that starting tomorrow."
After Sam implements his new plan, the price of water to
per gallon. Given Teresa and Sam's production levels, Sam's profit becomes
and Teresa's profit becomes
.
Because Sam has deviated from the cartel agreement and increased his output of water to 40 gallons more than the cartel amount, Teresa decides that she will also increase her production to 40 gallons more than the cartel amount.
After Teresa increases her production, Sam's profit becomes
, Teresa's profit becomes
, and total profit (the sum of the profits of Sam and Teresa) is now
.
In: Economics
Use the Aggregate Demand and Aggregate Supply model to analyze the impacts of the following events, show this on a graph for each situation.
1) Steelworkers go on strike and produce less steel.
2) US Senators read about the glories of the Internet and so demand for high tech government purchases increases.
3) A series of Investment Banks such as Lehman Bros and Bear Sterns go bankrupt,
In: Economics
2. Monopolists are neither productively efficient nor allocative efficient, and perfect competition is both productively efficient and allocatively efficient. However, Pareto optimal requires it is impossible to make one person better off without making at least one other worse off.
Ture or false. And why.
In: Economics
"Sales taxes are fairer than income taxes because sales taxes cannot be avoided by the rich." Evaluate this idea. Describe the evidence about the distribution of sales tax burdens among different income taxpayers. Would it be possible to design a sales tax that is more progressive than an income tax?
In: Economics
The year is 1870, the location is the town of Silverton in Colorado. There are two saloons in town: Red's Beard and Sadie's White Garter. After years of cut-throat competition the two owners, Red and Sadie, decide to cooperate in order to make more money. They have been making $400 per month each by competing fair and square. They decide if they each raise prices and limit the number of beers served, they will earn $1,000 per month each. However if one limits the number of beers and raises prices and the other does not, then they will earn only $200 per month while their competitor will earn $1,500 per month. Not knowing what to do, they turn to you, the prospecting game theorist, to help them figure out what to do.
Fill in the following table with the payoffs they can expect. Enter as follows: (Red's payoff, Sadie's payoff). Enter whole numbers - no commas.
Sadie's | |||
Raise Prices | Do Not Raise Prices | ||
Red's | Raise Prices | ( [ Select ] ["400", "1,000", "1,500", "200"] , [ Select ] ["1,500", "1,000", "200", "400"] ) | ( [ Select ] ["400", "1,500", "1,000", "200"] , [ Select ] ["200", "1,500", "400", "1,000"] ) |
Do Not Raise Prices | ( [ Select ] ["1,500", "200", "1,000", "400"] , [ Select ] ["1,000", "400", "200", "1,500"] ) | ( [ Select ] ["400", "1,000", "1,500", "200"] , [ Select ] ["1,500", "400", "1,000", "200"] ) |
Based on the payoffs, what is the likely outcome of the game? Explain
both of them raises prices
both of them do not raise prices
sadie does but red does not
red does but sadie does not raise prices
In: Economics
Discuss several that you use heuristic in every day life
In: Economics
The mortgage backed securities issued by Freddie and Fannie are fully backed by the Federal government.
In: Economics
Bank holding companies came about largely due to
a. |
restrictions on non-banking activities. |
|
b. |
branching regulations and restrictions. |
|
c. |
limited access to technology. |
|
d. |
consumer protection. |
In: Economics
Give an example of a foreign trade practice that U.S. firms view as "unfair". How do U.S. trade laws attempt to enforce "fair trade" ?
In: Economics