Assignment: Managerial Economics For Business Decision Making
Case:
Shindledecker, S. Grissom, D & Jones, E.(June 2018). Heritage Health Resources. Journal of Critical Incidents, 8,87+.
GUIDELINES
· The paper is about 1,500-2,000 words.
· Formatting and style is APA
· Ensure that all external sources are properly cited within the text and is referenced appropriately at the end of the paper, including your course materials.
· The assignment requires you to analyze the decision making process based on you learning (marginal analysis for extant decisions, opportunity cost, sunk cost fallacy, investment decisions, human decision making biases)
Refer to the grading rubric for building your case report. The rubric states the grading weights and performance criteria for each aspect of the report. Make sure you understand that rubric so that you know what is expected and how you will be graded.
Case Questions:
1) Briefly summarize the main points in the case
2) What are the core business problems?
3) Explain the relevant /applicable analytical concepts you studied and how will you apply them to specific issues in the case
4) Discuss the fixed cost/variable cost mix in the current business operations?
5) What alternatives are available to the decision maker?
6) How should the decision maker evaluate the alternatives?
7) Do you have concerns about the ability of the decision maker to go through a rational decision making process? Explain.
8) Is the data presented in the case sufficient for decision making? Explain.
9) What details/data will the decision maker(s) need to evaluate alternatives?
10) In concluding your report, imagine yourself as the decision maker and describe your decision path, based on your learning in this course.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.