Ecn601 topic 2 - Study guides, Class notes & Summaries
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ECN 601 Topic 8 Exam 2 - Test Prep
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1. Acquiring a firm that sells a substitute good would make the demand curve for your original product ~ 
2. The general rule to increase profits when two close substitute brands are jointly owned is ~ 
3. After acquiring closely substitutable product brands, a firm can successfully raise prices on both of the brands without losing much of its total sales because ~ 
4. Which of the following is an example of price discrimination? 
5. The practice of buying a firm’s good in one market at a low ...
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ECN 601 Topic 8 Exam 2 - Test Prep
- Exam (elaborations) • 3 pages • 2023
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1. Acquiring a firm that sells a substitute good would make the demand curve for your original product ~ 
2. The general rule to increase profits when two close substitute brands are jointly owned is ~ 
3. After acquiring closely substitutable product brands, a firm can successfully raise prices on both of the brands without losing much of its total sales because ~ 
4. Which of the following is an example of price discrimination? 
5. The practice of buying a firm’s good in one market at a low ...
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ECN 601 Topic 5 DQ 2
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Topic5DQ2 
Mar2-6, 2023 
 
In business, sports, politics, and many other fields there are probably countless situations akin totheprisoner'sdilemma whereplayersactingintheir ownself-interest donot produceanidealoutcome. Likewise, some player dynamics also illustrate other game theory concepts like a gameof chicken, credible threats/commitments, and other similar concepts. Use at least one articlefrom The Wall Street Journal to discuss a strategic situation between players that resembled oruseda...
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ECN 601 Topic 7 DQ 2
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Topic 7DQ2 
Mar16-20,2023 
 
Beginbylocatingascholarlyarticleregardingtheeffectsofincreasesonminimumwagesanddiscussitsfindings.Doesaminimumwageincreaseleadtoreductionsinemployment,oristheoveralleffectonemploymentnetpositive?Doyouagreeordisagreewiththeresultsofthestudy?Whatdoyouthinkareothervitalconsiderationsthatshouldbetakenintoaccountinthestudy?Discusshowconsciouscapitalismwouldapproachaminimumwageincrease.Provideexamplestosupportyourrationale.
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ECN 601 Topic 6 DQ 1 plus DQ 2
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Topic 6DQ1 
Mar9-11,2023 
Whatisthedifferencebetweenriskanduncertainty?Provideexamplesofwhatyourorganizationhasdone,ornotdone,todealwithriskanduncertainty.Howdidthoseactionsaffectthefirmonceacontingencyofriskoruncertaintymaterialized 
 
Topic 6DQ2 
Mar9-13,2023 
 
Howdoesthefinancialstrengthofanorganizationinfluencedecisionmakingandoutcomes?Provideexamplesthatsupportyourrationale.
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ECN 601 Topic 8 DQ 2
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Topic 8DQ2 
Mar23-27,2023 
 
Overseveraldecades,someindustries,suchastextileandclothing,whichwereonceasignificantpartoftheU.S.economy,haveshiftedmanufacturingabroad.Usingtheideaofopportunitycost,provideanexplanationofthereasoningbehindthisshift.Howhasthisshiftaffectedeconomicwell-beinglocally?Howdothegainscomparetothelosses?
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ECN 601 Topic 7 DQ 1 plus DQ 2
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Topic 7DQ1 
Mar16-18,2023 
 
Giveexamplesfromyouremploymenthistorywhereyouwitnessedmoralhazardintheworkplace.Whatweretheincentivesthatgaverisetomoralhazard?Didthefirmtakestepstoeliminatemoralhazard? 
 
Topic 7DQ2 
Mar16-20,2023 
 
Beginbylocatingascholarlyarticleregardingtheeffectsofincreasesonminimumwagesanddiscussitsfindings.Doesaminimumwageincreaseleadtoreductionsinemployment,oristheoveralleffectonemploymentnetpositive?Doyouagreeordisagreewiththeresultsofthestudy?Whatdoyouthinkareothervitalco...
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ECN 601 Topic 5 DQ 1 plus DQ 2
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Topic5DQ1 
Mar2-4, 2023 
 
The order of play tends to matter in sequential games where rivals must predict best reply-responses and counter-responses in order to achieve a desired payoff. Discuss an instance inwhich you or your firm used game theory and explain why the relationship between the playerswas a strategic one. Did the use of a credible threat or commitment affect the outcome? Werethere any first-mover offast-secondstrategiesused? 
 
Topic5DQ2 
Mar2-6, 2023 
 
In business, sports, poli...
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ECN 601 Topic 1 DQ 2
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Topic1DQ2 
Feb2-6, 2023 
 
Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
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ECN 601 Topic 2 DQ 1
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Topic 2DQ1 
Feb9-11,2023 
Explainasituationyouhaveobserved(orreadabout)inwhichafirmmadeadecisionconsideringirrelevantcostsordidnotconsiderrelevantcosts.Whatwastheoutcomeofthedecision,andwhatcouldhavebeendonedifferently?
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