While at a discount shoe store, a customer asked the clerk, "I see that your shoes are ‘buy one, get one free­—limit one free pair per customer. Will you sell me one pair for half price?" The clerk answered, "I can't do that." When the customer started to leave the store, the clerk hastily offered, "However, I am authorized to give you a 40 percent discount on any pair of shoes in the store."

Assuming the consumer has $200 to spend on shoes (X) or all other goods (Y), and that all shoes cost $100 per pair, answer the following questions:

What is the consumer's opportunity set with the "buy one, get one free" deal and with a 50 percent discount?
Why was the 40 percent discount offered only after the consumer rejected the "buy one, get one free" deal and started to leave the store?
Why was the clerk willing to offer a "buy one, get one free" deal, but unwilling to sell a pair of shoes for half price?

Write each answer in no less than 200 words for a total of no less than 750 words.

The assignment is due by 11:55 p.m. EST on Sunday.

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Module 8: Discussion 8 - Social Media and Business Crises
Post a minimum 250-word response to the following questions. Be sure to use in-text citations and a reference list to support your response.

Read the Case Study Was the Firing of Curt Schilling for His Social Media Post Fair? (p. 543 of the textbook)

How should ESPN have resolved this situation? Why? What was the impact of the way it was handled? What are the “lessons learned” from this incident?

When you reply to your classmates' posts, be sure to focus on the arguments that are given. Do you agree or disagree, and why? Are there good reasons? Could the examples be clearer? Can you add your own example? Do you have a counter example?

You must first post your answer(s) before you can see the other students’ posts. Submit your initial post(s) early in the module.

Module 5: Discussion 9 - Stock Option Plan
At the recent shareholder meeting, the CEO of a small bank proposed a plan to offer each of its employees 250 incentive options for Class A common stock. The key provisions of the plan are that employees must exercise the options between January 2014 and December 2019, and if an employee terminates his or her employment with the bank (or is terminated), the options are no longer exercisable. One shareholder vehemently objected to the plan, claiming that such a move would dilute the value of the outstanding shares. As CEO, how would you defend the stock option plan to the shareholders?

Create a 250-350-word narrative to defend the stock option plan.

You must first post your answer(s) before you can see the other students’ posts. Submit your initial post(s) early in the module.

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Factors that may influence a firm's decision to buy goods rather than produce goods internally include a lack of in-house expertise, small volume requirements, a desire for multiple sourcing, and the fact that the item may not be critical to the firm's strategy. Additional consideration may be given if the firm has the opportunity to work with a company that has provided outsourced services successfully in the past and can sustain a long-term relationship (Kenton, 2019).

Additionally, most businesses make decisions not only about how many workers to employ at any given point in time (e.g., the amount of labor) but also about the scale of an operation (e.g., size of factory, office) to put together and which production processes to use. Therefore, the long run is defined as the time horizon necessary to not only change the number of workers but also to scale the size of the factory up or down and alter production processes as desired.

If you were a manager at Ford, what information would you need to make decisions about the production of a vehicle like the Ford Fusion? In your answer, please include information about number of employees, factory size, office space, production processes, and scale of operation.

You must first post your answer(s) before you can see the other students’ posts. Submit your initial post(s) early in the week.

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An economics professor and her husband went out to dinner and she observed one of her students drinking alcoholic beverages to excess. The professor knew the economics final exam was scheduled for the next morning. When the professor's husband realized that the student was in his wife’s economics class, he described the student’s behavior as irrational. The professor disagreed.

Under what conditions is behavior irrational according to the properties of consumer behavior discussed in the chapter? What situations could make the student's behavior rational?

You must first post your answer(s) before you can see the other students’ posts. Submit your initial post(s) early in the module.

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