Chapter 13 applied problems - Managerial Economics 1...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Managerial Economics 1 Managerial Economics Applied Problems Managerial Economics Applied Problems Chapter 13: Applied problems 1, 3, 4, 5, 7, and 12 pp 566-567
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Managerial Economics 2 1. When Mc Donald’s Corp. reduced the price of its Big Mac by 75 percent if customer’s also purchased French fries and a soft drink, The Wall street Journal reported that the company was hoping the novel promotion would revive its U.S. sales growth. It didn’t. Within two weeks sales had fallen. Using your knowledge of the game theory what do you think disrupted McDonalds plans? Within in two weeks sales had fallen more than likely due to the game theory and Burger King being their rivals may have come up with an even better deal on the Whopper. Mc Donald’s may have figured this may bring in new customers and buy more Big Macs and less of something else even though more than one item was purchased. People may have viewed the price as still being too high. 3. Dell Computer Corp., the world’s largest personal computer maker is keenly aware of
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 08/30/2010 for the course MANAGEMENT 3467783 taught by Professor Langly during the Summer '10 term at University of Phoenix.

Page1 / 4

Chapter 13 applied problems - Managerial Economics 1...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online