What are the implications for long run profits, HR Management

Assignment Help:

Question 1:

You are the manager of a firm selling shirts. Explain how you would employ the concepts of elasticities to make key managerial decisions.

Question 2:

What are the implications for long run profits in a monopolistic competition? What strategies would you consider to avoid zero long run profits?

Question 3:

(a) In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $500. If both players choose strategy B, each earns a payoff of $100. If player 1 chooses strategy A and player B chooses strategy B, then player 1 earns $0 and player 2 earns $650. If player 1 chooses strategy B and player 2 chooses strategy A, then player 1 earns $650 and player 2 earns $0.

i. Write the above game in normal form.
ii. Find each player's dominant strategy, if it exists.
iii. Find the Nash equilibrium (or equilibria) of this game.
iv. Rank strategy pairs by aggregate payoff.
v. Can the outcome with the highest aggregate payoff be sustained in equilibrium? Why or why not?

(b) Why would firms in an oligopoly wish to collude? Use examples to illustrate.

(c) What factors can affect the decisions to sustain collusive agreements?


Related Discussions:- What are the implications for long run profits

What is the preliminary interview, Q. What is the preliminary interview? ...

Q. What is the preliminary interview? Preliminary interview: it is generally regarded as exchange of basic information between the candidate and the personnel manager about the

HRM concept, What are the development phase of Human resources management c...

What are the development phase of Human resources management concept?

Explain the procedure for taking disciplinary action, Q. Explain the Proced...

Q. Explain the Procedure for taking disciplinary action? Procedure for taking disciplinary action / disciplinary procedure: 1. Preliminary investigation: the first and pri

Explain about an enterprise, Explain about an enterprise An enterprise...

Explain about an enterprise An enterprise is a purposeful system that is a system created to accomplish a mission or objective. The goal of the mission is usually embodied in

Research methodology, . Explain the steps involved in research process

. Explain the steps involved in research process

Emergence of human resource management, Question 1: (a) Elaborate on th...

Question 1: (a) Elaborate on the major differences between personnel management and human resource management. (b) Show the major reasons that have lead to the emergence of hum

the human resource aspects of mergers , If human resources are a major sou...

If human resources are a major source of competitive advantage and the key determinant of an organization's ability to pursue a given strategy, why have the human resource aspects

Operation analysis, Operation analysis: focuses on the task or job regardle...

Operation analysis: focuses on the task or job regardless of the employee doing the job. This analysis includes the determination of the worker must do the specific worker behaviou

Disadvantages of syndicate method, Disadvantages of syndicate method: 1...

Disadvantages of syndicate method: 1 one disadvantages could be that it is suitable only for top level executives and not for youngsters at junior level. This method is not sui

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd