MGEC40H3 Study Guide - Midterm Guide: Best Response, Economic Equilibrium, Marginal Cost
26 Nov 2012
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Total time for this examination is 90 minutes: total marks = 80, this test has eight (8) pages , aids allowed: calculator, do not use pencil. If pencil is used then that portion of (question on) your exam cannot be considered for re-grading. Short answer problems (80 marks - various weights) Q1. (8 marks) use several sentences to describe in words how businesses arrive at their optimal structure/strategy. The amount of infrastructure includes physical as well as business environment structure created via government rules, industry conventions, social norms and/or past traditions in the areas of communications, transportation, finance, government, and the level or degree of technological advancement. We learned in chapter one of the textbook (the first lecture) that this infrastructure is crucial to shaping (influencing) what is the optimal structure and strategy for business to adopt. Since this (business) environment is dynamic then so might the optimal structure and strategy be.
