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Hyundai Heavy Industries Co. is one of Korea's largest industrial producers. According to an article in Business Week Online, the company is not only the world's largest shipbuilder but also manufactures other industrial goods ranging from construction equipment and marine engines to building power points and oil refineries worldwide. Despite being a major industrial force in Korea, several of the company's divisions are unprofitable, or "bleeding red ink" in the words of the article. Indeed, last year the power plant and oil refineries building division recorded a $105 million loss, or 19% of its sales. Hyundai Heavy Industries recently hired a new CEO who is charged with the mission of bringing the unprofitable divisions back to profitability. According to Business Week, Hyundai's profit-driven CEO has provided division heads with the following ultimatum: "...hive off money-losing businesses and deliver profits within a year - or else resign."Suppose you are the head of the marine engine division and that it has been unprofitable for seven of the last 10 years. While you build and sell in the competitive marine engine industry, your primary customer is Hyundai's profitable ship-building division. This tight relationship is due, in large part, to the technical specifications of building ships around engines. Suppose that in your end-of-year report to the CEO you must disclose that while your division reduced costs of 10%, it still remains unprofitable. Make an argument to the CEO explaining why your division should not be shut down. What conditions must hold for your argument to withstand the CEO's criticism?
Kidney's are not allocated by markets. Discuss the pros and cons of switching to a market for kidneys. Currently, people can volunteer to donate one of their two kidneys,
Identify a person in an organization, or event(s) that should be given credit for the relatively low, stable rate of inflation we've had in the United States since the late 1980s?
All of the questions in this Part refer to the market for gasoline. All questions are concerned only with the short run. Each situation is not related to the others. Analyze each question separately. Huge new crude oil reserves are discovered in th..
Describe each of the subsequent using supply and demand diagrams.
Suppose the price that year rose by 8% and the real rate of return in the stock market was 4%. Your friend says she or he was being more than fair giving you more than the rate of inflation as a return, What do you think and Why?
Using supply and demand diagrams, show how each of the two developments can explain the increase in the compensating wage differential. Can information on the number of workers in the risky occupation help determine which explanation is more plaus..
What happens to the level of output and the price level in the short run and long run according to okun's law, what happens to unemployment in the short run and in the long run ( hint: okuns law is the relationship between out and unemployment)
The underlying trend of growth in the economy is determined by the growth in the number of workers, the growth in the savings and investment rate.
Chamber of Commerce, and your colleague has written a position paper and asked you to proof read it. In that report, she concludes; "in 2009, the U.S. exports were $1.571 billion and imports were $1.946 billion, with a resulting trade deficit of $..
Discuss the Henry George idea for a single tax on real estate and why did the California State Lottery extend the payoff period from 20 years to 26 years?
How does your decision to invest in a college degree add to your capital stock Show this on your projected production possibilities frontier for ten years from now compared to your production possibilities curve without a college degree
The goal of all capitalists is to dismiss the competition and gain market power. a) Explain why that might be hurtful for the economy, though not for everybody, clearly stating who wins and who loses in the presence of monopolies.
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