What will you recommend? (Please use demand-supply diagrams to support your answer!)

1. Assume that the Telecom Company in your country has been facing a growing internal as well as external competition from time to time. Conduct an external analysis using relevant strategic tools such as SWOT and PESTEL Analyses and identify the main strategic issues/problems for the company. Eventually, discuss the way forward for the company to keep pace with the changing environment. 2. In the ancient country of Roma, only two goods, spaghetti and meatballs, are produced. There are two tribes in Roma, the Tivoli and the Frivoli. By themselves, the Frivoli each month can produce either 30 pounds of spaghetti and no meatballs, or 50 pounds of meatballs and no spaghetti, or any combination in between. The Tivoli, by themselves, each month can produce 40 pounds of spaghetti and no meatballs, or 30 pounds of meatballs and no spaghetti, or any combination in between. a. Assume that all PPF are straight lines. Draw one diagram showing the monthly PPF for the Tivoli and another showing the monthly PPF for the Frivoli. Show how you calculated them. b. Which tribe has the comparative advantage in spaghetti production? In meatball production? In AD. 100 the Tivoli discover a new technique for making meatballs that doubies the quantity of meatballs they can produce each month. c. Draw the new monthly PPF for the Tivoli. d. After the innovation, which tribe now has the absolute advantage in producing meatballs? In producing spaghetti? e. Which has the comparative advantage in meatball production? In spaghetti production? 3. The market demand function for strawben'ies is given by the equation: Q Slr=l Where Qstr is the demand for strawberries in kilograms, P is the price of strawberries per kilogram (in USD), 1 is the household monthly income (in USD), and is the price of cream per kilogram (in USD). Assume that PStr is equal to $8, I is equal to $150, and Plcr is equal to $5. a. Determine the price elasticity of demand for strawberries. b. Determine the income elasticity of demand for strawberries. Is strawberry a normal/inferior good? Why? c. Determine the cross-price elasticity of demand for strawberries with respect to the price of cream. (1. Based on your answer from (c), can we say cream and strawberries are substitute goods/ or complement goods? Why? 4. Suppose that a local pizza place likes to run a \"late-night special\" after 11 pm. The owner has contacted you for some advice. The owners tell you, \"I want to increase the demand for our pizza.\" He proposes two marketing ideas to accomplish this: str i. Reduce the price of large pizzas. ii. Reduce the price of a complementary good-for example, offer two halfpriced bottles or cans of soda with every large pizza ordered. Question: What will you recommend? (Please use demand-supply diagrams to support your answer!)