Respond to the required questions, double-spaced, APA format (source citations and reference insertions) essay (Each Question). In each Case Study, you must use at least three (3) references (in...

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Respond to the required questions, double-spaced, APA format (source citations and reference insertions) essay (Each Question). In each Case Study, you must use at least three (3) references (in text), including the textbook (included below).




Textbook reference:


Smith Jr., Clifford W. Managerial Economics & Organizational Architecture (Irwin Economics) (p. 103). McGraw-Hill Higher Education. Kindle Edition.



(This Assignment Box maybe linked to Turnitin.)




Respond to the required questions, double-spaced, APA format (source citations and reference insertions) essay (Each Question). In each Case Study, you must use at least three (3) references (in text), including the textbook (included below). Textbook reference: Smith Jr., Clifford W. Managerial Economics & Organizational Architecture (Irwin Economics) (p. 103). McGraw-Hill Higher Education. Kindle Edition. (This Assignment Box maybe linked to Turnitin.) 250 Words: Chapter 10 ANALYZING MANAGERIAL DECISIONS: eBay.com* eBay operates the world’s largest online auction. In early 2008, eBay operated in 39 counties with 276 million registered users worldwide. The total value of all successfully closed items in 2007 was $59 billion with an average of $2,039 worth of goods trading on the site every second. Sellers pay a small fee to eBay to list their items. They provide a description of the item, photographs, the minimum acceptable bid, accepted forms of payment, and other relevant information. Items can be sold at a fixed price or through an auction. In an auction, bidders submit electronic bids over the Internet. After the auction closes (auctions usually last several days), the high bidder receives an e-mail. The high bidder must contact the seller within three business days to claim the item and arrange payment and delivery. eBay provides other support services: •The Feedback Forum is a place where eBay users leave comments about each other’s buying and selling experiences. If you are a bidder, you can check the seller’s Feedback Profile easily before you place a bid to learn about the other buyers’ experience. If you’re a seller, you can do the same thing to check out buyers. Each participant is given a Feedback Score based on the number of positive and negative ratings that they have received. Participants with sufficient positive ratings are flagged by colored stars. The highest rating is the “Red shooting star.” eBay has created a set of policies to guard against “feedback manipulation” and “feedback abuse.” • eBay users are encouraged to settle transactions through PayPal. PayPal provides free insurance of up to $2,000 on some items to protect buyers in cases where they do not receive the item or it was less than expected. • Participants sign user agreements that specify the trading rules and expectations. eBay’s safety staff investigates alleged misuses at eBay such as fraud, trading offenses, and illegally listed items. Potential resolutions include such things as banning a person from future trading on eBay. Questions: 1. How does eBay create value? 2. What potential contracting problems exist on eBay? 3. How does eBay address these problems? 4. What are the contracting costs at eBay? 5. eBay claims that it has only a small problem with fraud and misuse of the system. Does this imply that it is overinvesting in addressing potential contracting problems? Underinvesting? Explain. Smith Jr., Clifford W.. Managerial Economics & Organizational Architecture (Irwin Economics) (p. 350). McGraw-Hill Higher Education. Kindle Edition. 250 Words: Chapter 11: ANALYZING MANAGERIAL DECISIONS: Tipping in Restaurants In most restaurants, waiters receive a large portion of their compensation through tips from customers. Generally, the size of the tip is decided by the customer. However, many restaurants require a 15 percent tip for parties of eight or more. Questions: Using the concepts from this chapter, discuss (a) why the practice of tipping has emerged as a major method of compensating the wait staff, (b) why the customer typically decides on the amount of the tip, and (c) why restaurants require tips from large parties. Smith Jr., Clifford W.. Managerial Economics & Organizational Architecture (Irwin Economics) (p. 363). McGraw-Hill Higher Education. Kindle Edition.
Answered Same DayFeb 12, 2021

Answer To: Respond to the required questions, double-spaced, APA format (source citations and reference...

Arunavo answered on Feb 14 2021
130 Votes
Running Head: MANAGERIAL ECONOMICS 1
MANAGERIAL ECONOMICS
2
MANAGERIAL ECONOMICS
DISCUSSION
Table of Contents
Chapter 10 Analyzing Managerial decision: eBay    3
Answer 1    3
Answer 2    3
Answer 3    3
Answer 4    3
Answer 5    3
Chapter 11: Analyzing Managerial Decision: Tipping in the Restaurant    4
Answer a    4
Answer b    4
Answer c    4
References    6
Chapter 10 Analyzing Managerial decision: eBay
Answer 1
EBay is a online platform that creates a connection between the buyer and the seller. Different types of products are displayed with the product description along with the bidding price. The buyers will be able to see the description and price and based on that the sales will be concluded (Subanidja, Rajasa, Suharto, & Atmanto, 2016). Thus the role of connecting is the way eBay creates a value.
Answer 2
There are few problems, which are faced by people while doing a contracting through eBay. The participant’s user agreements are being misused by many people to execute frauds, promote and sell illegal items as well as sometimes, not protect the integrity by not delivering the items after receiving the payment or delivering faulty items.
Answer 3
EBay is very strict regarding protecting the customer’s integrity as that will help in sustaining their business. During the...
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