davenport econ625 all weeks discussions and all 7 quizes

Question # 00011651 Posted By: spqr Updated on: 04/06/2014 04:06 PM Due on: 05/21/2014
Subject Economics Topic General Economics Tutorials:
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Week 1 discussion

Please take a moment to watch the above clip from "A Beautiful Mind", the story of John Nash (you'll need to copy and paste the link). For this week's assignment, please take a moment to review the above, our text, and your own research to find other examples of game theory in real life, or to comment upon the dilemma that the movie outlines.


Please remember that your submission, due on Day 3, should have two sources, a brief synopsis of what how each of the sources informs the issue, the veracity of each source, and the questions that it raises or answers. You should then respond to your peers three times on three different days with a minimum of 250 words each. The rubric, located in the syllabus section, will assist you in completing the assignment.




Week 2 discussion

The last five years have seen a number of government interventions in operations deemed "too bit to fail". Your research should be directed towards a company or a commentary where this is discussed.

Please remember that your submission, due on Day 7, should have two sources, a brief synopsis of what how each of the sources informs the issue, the veracity of each source, and the questions that it raises or answers. You should then respond to your peers three times on three different days with a minimum of 250 words each. The rubric, located in the syllabus section, will assist you in completing the assignment.





Week 3 discussion

Executive Compensation



The above chart shows the growth of the average CEO pay over the period 1990 to 2005. The head of a typical public company made $ 9.7 million dollars in 2011. There are many who see too weak a link between CEO pay and performance. Others object to the gap between executive compensation and the average worker. In your research this week, explore either or both of these issues.

Please remember that your submission, due on Day 3, should have two sources, a brief synopsis of what how each of the sources informs the issue, the veracity of each source, and the questions that it raises or answers. You should then respond to your peers three times on three different days with a minimum of 250 words each. The rubric, located in the syllabus section, will assist you in completing the assignment.





Week 4 discussion

Great Ideas from (mostly) dead Economists



This week's assignment is based on the Intellectual Biography of the economist you were assigned. Please attach your work through the Week 4 materials area, and cut and paste it here. Your discussion criteria is to engage with the other economists as your economist would have engaged.




Week 5discussion

Strategy

For this week's assignment, find a company that has changed strategy. Your research should focus on a description of the change, the economic impact of the change, commentary about it, or the results of the change.

Please remember that your submission, due on Day 3, should have two sources, a brief synopsis of what how each of the sources informs the issue, the veracity of each source, and the questions that it raises or answers. You should then respond to your peers three times on three different days with a minimum of 250 words each. The rubric, located in the syllabus section, will assist you in completing the assignment.





Week 6 discussion

Fiskars, since 1649




The manufacturer of the above products (and many others) has been in business over 350 years. Your research should focus on other companies with longevity of at least 100 years and the economic reasons for this phenomena.

Please remember that your submission, due on Day 3, should have two sources, a brief synopsis of what how each of the sources informs the issue, the veracity of each source, and the questions that it raises or answers. You should then respond to your peers three times on three different days with a minimum of 250 words each. The rubric, located in the syllabus section, will assist you in completing the assignment.

88

60

17




Week 7 discussion

Golden or Silver Handcuffs?

The news has been full of commentary regarding companies and company officers engaged in illegal or unethical behavior. Your research this week should focus on the corporate setting which allows or encourages malfeasance or questionable acts.

Please remember that your submission, due on Day 3, should have two sources, a brief synopsis of what how each of the sources informs the issue, the veracity of each source, and the questions that it raises or answers. You should then respond to your peers three times on three different days with a minimum of 250 words each. The rubric, located in the syllabus section, will assist you in completing the assignment.






quizes

wek 1


At what point can a firm achieve a profit maximizing quantity?

· Question 2

3.5 out of 3.5 points

Which characteristic does not describe a perfectly competitive market?

· Question 3

3.5 out of 3.5 points

The basic law of demand says that all other things being the same, _______________________.

· Question 4

3.5 out of 3.5 points

Which of the following best describes marginal revenue?

· Question 5

3.5 out of 3.5 points

Suppose a factory is producing 100 units and the price of each unit is $10.If raising the price to $12 per unit results in a drop in sales of 12 units, what is the price elasticity of demand, ??


· Question 6

3.5 out of 3.5 points

Which of the following did not contribute to the high transaction related risks for U.S. potato sales in 1840?


· Question 7

3.5 out of 3.5 points

What was a key contribution to the dominance of the family-run small business in 1840?

· Question 8

3.5 out of 3.5 points

What is throughput?

Response Feedback:

· Question 9

3.5 out of 3.5 points

What was one of the first plant/factory types to use the “American System” of manufacturing?

Response Feedback:

Incorrect

· Question 10

3.5 out of 3.5 points

What economics game theory concept is demonstrated by the Erie Canal public works project?







week 3

Which of the following is not a principal/agent relationship?

· Question 2

3.5 out of 3.5 points

Which of the following management actions reflects agency problems due to the fact that information held by the agent is hard to observe?


· Question 3

3.5 out of 3.5 points

What term describes situations in which the aspects of the agent’s action that are important to the principal cannot be observed?

· Question 4

3.5 out of 3.5 points

What term describes situations in which aspects of the productive environment that are important to the principal cannot be observed?

· Question 5

3.5 out of 3.5 points

Which of the following solutions has addressed coordination problems in the tin market?

· Question 6

3.5 out of 3.5 points

What term best describes a payment above and beyond the expected outcome of a gamble which must be offered to a risk-averse individual to willingly accept the gamble?

· Question 7

3.5 out of 3.5 points

Which of the following terms best describes a contract that guarantees an agent some payment, but provides enough incentive so that the agent does not shirk?

· Question 8

3.5 out of 3.5 points

Which of the following statements is least true regarding the use of incentive pay for sales employees?

· Question 9

3.5 out of 3.5 points

Which of the following terms best describes the principle stating that when allocating effort among a variety of tasks, employees will tend to exert more effort toward those tasks that are rewarded?

· Question 10

3.5 out of 3.5 points

What term refers to the practice in a multidivisional firm where orders from other parts of a company are rushed to be filled at the end of each month (allowing divisions filling the orders to recognize revenue but cause inventory problems)?

Which of the following is a characteristic of economies of scale?

· Question 2

3.5 out of 3.5 points

What is the minimum efficient scale (MES) of production?

· Question 3

3.5 out of 3.5 points

Which of the following best describes economies of scope?

· Question 4

3.5 out of 3.5 points

Which of the following is not a major source of scale or scope economy?

· Question 5

3.5 out of 3.5 points

Which of the following is not a product specific fixed cost?

· Question 6

3.5 out of 3.5 points

What kind of economies come from reductions in cost due to adoption of technology that has high fixed costs, but lower variable costs?

· Question 7

3.5 out of 3.5 points

What are economies of density as referred to in the airline industry?

Response Feedback:

..

· Question 8

3.5 out of 3.5 points

Which of the following does not benefit from the cube-square rule’s contribution to economies of scale?

· Question 9

3.5 out of 3.5 points

Which of the following is not a reason a supplier might seek to sell in bulk?

· Question 10

3.5 out of 3.5 points




week 4

Which U.S. agency is responsible for preventing anti-competitive conduct?

· Question 2

3.5 out of 3.5 points

What criterion developed by the DOJ is used to identify all potential competitors within the market?


· Question 3

3.5 out of 3.5 points

Which of the following is not a characteristic of substitute products X and Y?

· Question 4

3.5 out of 3.5 points

What empirical method generally is used to measure the degree to which products substitute for each other?

· Question 5

3.5 out of 3.5 points

What is defined by the number and size distribution of the firms in a market?


· Question 6

3.5 out of 3.5 points

What term refers to situations in which firms can sustain prices in excess of those that would arise in a non-cooperative single-shot price or quantity-setting game?

· Question 7

3.5 out of 3.5 points

What type of cooperation-inducing strategy is defined as one so compelling that that a firm would expect all other firms to adopt it?

· Question 8

3.5 out of 3.5 points

Which of the following would not help facilitate coordination of pricing across firms in an industry?

· Question 9

3.5 out of 3.5 points

Why might a firm not be able to react quickly to competitors’ pricing moves?

· Question 10

3.5 out of 3.5 points




week 5

Question

·

Which of the following does not tend to affect the threat of entry?

· Question 2

3.5 out of 3.5 points

Which of following factors should be considered when assessing complements and substitutes?

· Question 3

3.5 out of 3.5 points

Why are suppliers in a competitive upstream market said to have “indirect power”?

· Question 4

3.5 out of 3.5 points

What term refers to the ability of individual customers to negotiate purchase prices that extract profits from sellers?

· Question 5

3.5 out of 3.5 points

Which of the following factors requires the least consideration when assessing supplier power relative to the downstream industry it sells to?

· Question 6

3.5 out of 3.5 points

When multiple firms’ price-quality positions line up along the same indifference curve offering a consumer the same amount of consumer surplus, what term describes the situation?

· Question 7

3.5 out of 3.5 points

Which of the following terms is a concept, developed by Michael Porter, which describes the activities within firms and across firms that add value along the way to the ultimate transacted good or service?

· Question 8

3.5 out of 3.5 points

Which of the following is a resource?

· Question 9

3.5 out of 3.5 points

Which of the following is false with respect to the strategy of cost leadership?

Response Feedback:

· Question 10

3.5 out of 3.5 points

Under what type of strategy does a firm either offer a narrow set of varieties, serve a narrow set of customers, or do both?


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