Entries by Sarah Kaelo

Exceed the marginal cost of diamonds but equal to the average total cost of diamonds

1). The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will: Exceed the marginal cost of diamonds but equal to the average total cost of diamonds. Exceed both the marginal cost and the average total […]

an explicit order of play for at least some participants

Question 1 In a game, a dominated strategy is one where: It is always the best strategy It is always the worst strategy It is the strategy that is the best among the group of worst possible strategies. Is sometimes the best and sometimes the worst strategy Question 2 To trust a potential cooperator until […]

Identify and discuss three (3) key economic issues for consideration in the context of economic concepts

Identify and discuss three (3) key economic issues for consideration in the context of economic conceptsIdentify and discuss three (3) key economic issues for consideration in the context of economic conceptsIdentify and discuss three (3) key economic issues for consideration in the context of economic conceptsWhat are three (3) consequences from a Managerial Economics Analysis […]

What are the expansionary and contractionary fiscal policies?

 Fiscal Policy Fiscal policy refers to the changes in government’s choices regarding the overall level of government spending and taxes to influence the behavior of the economy. Fiscal policy can expand or contract aggregate demand. The government sometimes uses the fiscal policy instruments in an attempt to stabilize the economy. Under a recession, an expansionary […]

discuss how your business can leverage those opportunities or how one might

Assignments and Rubrics: Week 8: Assignment 2: Entrepreneurial Opportunities Plan Part 1 Instructions We’ve been discussing the impact of unscaling on the future economy and the many opportunities that one can take advantage of as an entrepreneur. The purpose of the Entrepreneurial Opportunities Plan is to pinpoint and identify some of those opportunities (as discussed […]

Explain what decisions the manager might make using these findings.

For this assignment, you will use the six-step hypothesis testing process (noted below) to run and interpret a correlation analysis using SPSS. The following vignette will inform you of the context for this assignment. A data file is provided in the week’s resources for use in this assignment.  Also review the section on Presentation of Statistical […]

In the case of direct support agreements, who bears the cost of failure?

Risk and uncertainty are often used interchangeably in everyday discussions, but they are different, in business, two different concepts.  Risk describes a situation in which we do not know the outcome, but we do know all the possible outcomes and can assign probabilities to each of these outcomes happening.  Risked can be managed.  Knowing the potential costs of […]

Is the demand curve for your product relatively elastic, inelastic or unitary elastic?

In this week’s discussion you are going to be the CEO of a company.  In anticipation of the upcoming quarterly disclosure of profits, you prepare your Board of Directors for the pressure that cost-push inflation is having on profits. There will be some erosion of profits.  Please make yourself CEO of only one of these hypothetical companies. Profile […]