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Then prepare( Low cost vs Differentiation )
For this assignment, you are required to complete Individual Problems 17-2 and 17-6 at the end of Chapter 17 in Managerial Economics: A Problem Solving Approach. In addition, you are required to complete Group Problem G17-1: Uncertainty. As you are evaluating your current company, address the following decisions in your response (500-750 words):
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
17-2
GameShowUncertaintyInthefinalroundofaTVgameshow,contestantshaveachancetoincreasetheircurrentwinningsof$1millionto$2million.Iftheyarewrong,theirprizeisdecreasedto$500,000.Acontestantthinkshisguesswillberight50%ofthetime.Shouldheplay?Whatisthelowestprobabilityofacorrectguessthatwouldmakeplayingprofitable?
17-6
HiringTheHRdepartmentistryingtofillavacantpositionforajobwithasmalltalentpool.Validapplicationsarriveeveryweekorso,andtheapplicantsallseemtobringdifferentlevelsofexpertise.Foreachapplicant,theHRmanagergathersinformationbytryingtoverifyvariousclaimsonresumes,butsomedoubtaboutfitalwayslingerswhenadecisiontohireornotistobemade.WhataretheTypeIandIIdecisionerrorcosts?WhichdecisionerrorismorelikelytobediscoveredbytheCEO?HowdoesthisaffecttheHRmanager’shiringdecisions?
G17-1
Uncertainty
Describe a decisionyourcompanyhasmadewhenfacinguncertainty.Computetheexpectedcostsandbenefitsofthedecision.Offeradviceonhowtoproceed.Computetheprofitconse-quencesoftheadvice.
write a report (there is no word limit) regarding causes of GM’s failure to introduce the lessons learnt from the NUMMI venture across other factories in the GM network. .
to access the textbook , please go to https://support.vitalsource.com/#/books enter the book title and do this work. don’t use no internet use the book. no plagiarism please I have had so many people messing up
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Assignment 5
Would you like to own an all-electric car? Do you think there is a viable market for such a product?
Provide secondary data to research the viability of selling electric cars profitably. Utilize some of the sources mentioned in chapter 10 of our e-book. Try to determine the population of electric-car buyers.
Provide a research report based on your findings.
Note: Please review my expectations for the assignment. I expect your response to include 2 or more references from the APUS Library system (failure to include such references will detract from your grade on the assignment), and be presented in APA Format. Deliverable length is a minimum of 2 body pages.
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