Managerial Economics Coursework Example | Topics and Well Written Essays - 500 words

Managerial Economics - Coursework Example This will put off the company that is to enter the market as the profit margin will seem to be very low and might even constitute to losses. This leaves the first company to enjoy monopolistic markets. The manager of this company will reduce the products’ prices to monopolistic market prices there by enjoying the monopolistic profits. By decreasing the prices of the products the company that is to enter into the market will be discouraged as the profit margin will be very low and may also leading to losses. The profitability of the firm with the marketing power will decrease with increase in capital interest as the borrowing costs increases there will be a decrease in supply there by attracting another company to satisfy the demand. This forces the companies to sell at a lower price than the monopolistic market price. If this continues, the company is bound to go into losses in the long run. 2. IHC hospitals are thinking of using a smart phone system to send health record data, laboratory test results data, and charge/payment data to the Mountain Star hospitals system when patients use any combination of medical services between the two hospital organizations. Mountain Star has been thinking of a similar idea of exchange. Going forward with such inter-hospital data communication means that a given data sharing network has to be developed. The cost savings involved in initiating such a system are the driving force of the decision but there are questions about these savings and the standard upon which the intercommunication is to be operated. The projected cost savings (in $millions) for each standard (Apple relative to Android) are given in the normal form payoff table below for each hospital conglomerate, with IHC cost savings given first in going from left to right. It reflects a good technology. This is because independent of the smart phone mountain star opts for IHC will go for apple phone as it yields the best pay off. The

Economics developments in Developing country Essay

Economics developments in Developing country - Essay Example The question that whether the students from developing countries should be sent back to their countries after they graduate need to be analyzed from different perspectives. It is often believed that those students, who have graduated from the universities of the developed world, when return to their countries, often find themselves at odds with the society at large. Since these countries are still on the path to economic development, the environment often fails to support the technological skills acquired by these students. Their potential can be hardly realized and the result is frustration both on the part of the employer and the employed. This is the main cause of the ensuing brain drain that will also damage the economic progress of the country whose students had gone abroad in quest of knowledge. There is another concern that needs addressing and that is the payback of the investment made by the country that has educated the students and raised their educational and vocational level. Philanthropy apart, some benefit should accrue to them as well. There are two sides to knowledge acquisition. One is to raise the level of understanding by giving an impetus to intelligence through knowledge. The other is using the product of this effort in building careers as well as contributing to economic progress and prosperity. The obvious answer is that these students ought to be retained by the developed nation and absorbed in its workforce as contributors to its economy. This serves both purposes of offering better career options to those who were educated and payback to the country which had been gracious to offer them this opportunity. No doubt that these students can become the pillars of the economic future of the host country. However one reality that must be stated here is that the global economy depends equally on both the developed and the developing countries. They cannot survive