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Discuss how the two cases in this chapter illustrate the major theme of this text: Changes in the macro environment affect individual firms and industries through the microeconomic factors of demand, production, cost, and profitability. Drawing on current business publications, find some updated facts for each case that support this theme.
2) Compare and contrast McDonald's strategies in China with those of Wal-Mart in Mexico.
3) Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both McDonald's and Wal-Mart?
4) What variables other than price appear to have the biggest impact on the demand for McDonald's products? How much influence does the company have over these variables?
Suppose that the price of IPATH increases by 5%,at the same time the price of laptops falls by 3% and income elasticity increases by 2%.
studies on the comparative work habits of the wealthy tell a different story. Research by professors Mark Aguiar. Explain which wealthy person has reservation wage.
If you each charge a high price, you each earn profits of $200. If you charge different prices, the one charging the higher price loses $50 and the one charging the lower price earns $300.
Consider that, in this case, we 1st add (marginal) costs, not quantities, since these are the costs associated with each t-shirt.
Rise in the price reduce the quantity demanded, assuming price elasticity remains constant along the demand curve.
Illustrate what are the major similarities also differences among the name-your-own-cost model also the electronic tendering system.
Doe the company rely primarily on a customer intimacy, operational excellence, or product leadership customer value proposition. Illustrate what evidence supports your conclusion.
Is the equilibrium price higher or lower, or is the change indeterminate. Is the equilibrium quantity higher or lower, or is the change indeterminate.
Due to the global economic slowdown, we were benefiting from relatively low oil prices.
The marketplace demand for a type of carpet produced by a monopolist known as KP-7 has been estimated
demonstrate the maximum amount of corn which can be grown using the existing production technology. For the next several troubles, ignore the vertical axis.
Sam sells shavers also Alvin sells after cut off. Imagine Sam discovers a new production technique that lowers his costs of production.
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