Case Assignment #8
Please read the scenario in the uploaded below case assignment (1st document) and answer the questions in the case assignment.
- Case Assignment Chapter 8 – “Analyzing Managerial Decisions: Leaving New York City for the Farmlands of Illinois”
*Chapters 8 & 9 are uploaded for your review and will assist you in answering the questions in the case assignment.
*When you are answering the questions remember to focus on the economic reasoning behind the problems. Also use the information in the chapter to suggest economic solutions. Try to include outside sources along with your text book.*
*Book Reference: Brickley, J.A., Smith, C.W., & Zimmerman, J.L (2009). Managerial economics and organizational architecture (6th ed.). New York: McGraw-Hill/Irwin
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Case Assignment 8
Analyzing Managerial Decisions: Leaving New York City for the Farmlands of Illinois
The case poses an interesting view of a person who wants to change his occupation from an investment banker to a farmer. The major objective of the career change is to live in a less populated area, which is believed to be more peaceful than the densely inhabited cities. Thus, the individual is considering purchasing a farmland in Illinois that retails at $10,000 per acre to undertake corn farming.
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