The can industry is composed of two fi rms. Suppose that the demand curve for cans is P = 100 – Q where P is the price (in cents) of a can and Q is the quantity demanded (in millions per month) of cans. Suppose the total cost function of each firm is TC = […]
Consider a father who is trying to discipline his child. The father insists that the child must go with the rest of the family to visit their grandmother. The child prefers to go to the movies with a friend. The father threatens to punish the child if the child doesn’t visit the grandmother. If the […]
Consultant.com is a company that employs business professors as virtual consultants who supply answers to other companies’ problems. Consultant .com wants to raise funds with a private equity issue. Unfortunately, because of fluctuations in the stock market, it is uncertain about the demand for its offering. It hopes to issue the stock at either $45 […]
Organisational politics 1. All organisations deal with organisational politics in varying degrees across the globe. It is a reality of the workplace. Great leaders are politically aware of what is happening in their organisations and try to use politics positively. They know which individuals are pursuing their self-interest and personal agendas instead of the defined […]
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