Discussion:
From the scenario for Katrina's Candies, suggest one method in which Herb could use a cost-benefit analysis to argue for or against an expansion. Create three optimal decision rules for Katrina's Candies (e.g., whether to hire more staff or hire temporary workers to meet production schedules). Assess both the short-term and the long-term costs and benefits of obtaining a graduate degree. Support your decision to obtain a graduate degree with a cost-benefit analysis of your particular situation.
Applications and Best Practices" Please respond to the following:
Propose two applications of the knowledge that you have learned in this course to your current or a future position. Provide a rationale for your response. Create a list of three best practices to follow in the field of managerial economics and globalization. Provide a rationale for your response.