Business, 20.11.2020 23:00, Ndkeie5286
Consider the Market for Nike Basketball Shoes. For each of the events listed below, identify
which factors of demand and/or supply are affected and draw the corresponding graphs. Indicate
the effect on the new Equilibrium Px and Q. Take each shock separately, i. e., draw a diagram
for Question 1, then another each for Questions 2 & 3, etc.
a.
A memo from Phil Knight is leaked saying that Nike expects to lower prices for their
whole shoe line by 10% next week.
b. A strike by workers in the Nike factory results in a 10% increase in their wages.
c. Under Armour cuts, the price on their top of line basketball shoes falls 15%.
d. Nike develops software that helps them better plan for new shoes and manages inventory.
e. ESPN reports that teenagers across the world are being robbed and beaten up for their
Nike Basketball shoes.
Answers: 3
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An investment counselor calls with a hot stock tip. he believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. if the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. however, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. you contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. what is the expected profit from this investment?
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Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.
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What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?
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Consider the Market for Nike Basketball Shoes. For each of the events listed below, identify
which...
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