They have a magnificent team. These people are always kind and willing to listen to your concerns or issues. Better yet, your assignment is always ready before the time, they usually send you a draft to double-check before they finalize your paper.
Refer to attarchment below
Question: Managerial Economics: Making decisions with uncertainties
17-1 Global Expansion
You are the manager of global opportunities for a US manufacturer, who is considering expanding sales into Asia. Your market research has identified the market potential in Malaysia, Philippines and Singapore as described next:
|
success Level |
||
Big |
Mediocre |
Failure |
|
Malaysia |
|
|
|
Probability |
0.3 |
0.3 |
0.4 |
Units |
1,200,000 |
600,000 |
0 |
|
|
|
|
Philippines |
|
||
probability |
0.3 |
0.5 |
0.2 |
Units |
1,000,000 |
320,000 |
0 |
|
|
|
|
Singapore |
|
||
probability |
0.7 |
0.2 |
0.1 |
Units |
700,000 |
400,000 |
0 |
The product sells for $10 and has unit cost of $8. If you can enter only one market, and the cost of entering the (regardless of which market you select) is $250,000, should you enter one of these markets? (Show how arrive at your decision). If so which one? If you enter what is your expected profit?
17.2 Game show uncertainty
In the finanl round of a TV game show, contestants have a chance of increasing their current winnings of $1 million to $2million. If they are wrong, their price is decreased to $500,000. A contestant thinks his guest will be right 50% of the time. Should he play? What is the lowest probability of a correct guess that will make playing profitable?
19.3 Bicycle insurance and information asymmetry
You sell bicycle theft insurance. If bicycle owners do not whether they are high or low risk consumers? Is there an adverse selection problem?
20.3 Locator Beacon for lost Hikers
Light weight personal locator beacons are now available to hikers that make it easier for the Forest Service’s rescue teams to locate those lost or in trouble in the wilderness. How will this affect the cost that the Forest service incurs?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more