Managerial economics theory and practice phần 1 ppt

... Market Demand 10 6The Market Demand Equation 11 0Market Demand Versus Firm Demand 11 2The Law of Supply 11 3Determinants of Market Supply 11 4The Market Mechanism: The Interaction of Demand and Supply ... Jensen, 19 83a, 19 83b; Grossman and Hart, 19 83; Harris and Raviv, 19 78; Holstrom, 19 79, 19 82; Jensen and Meckling, 19 76; MacDonald, 19 84; and Shavell, 19 79).According to this theory, the ﬁrm may be seen ... an understanding of ﬁrm behav-ior is principal–agent theory (see, for example, Alchain and Demsetz, 19 72;Demsetz and Lehn, 19 85; Diamond and Verrecchia, 19 82; Fama and Jensen, 19 83a, 19 83b; Grossman...

Managerial economics theory and practice phần 5 pptx

... P* = $10 and Q* = 12 5 isc. Figure 8.3 diagrams the answers to parts a and b.p*** *. *.,,.$.=-=-++()=()-+()+()[]=- =TR TCPQ Q Q100 5 0 02 10 12 5 10 0 5 12 5 0 02 12 5 1 250 1 037 ... between total revenue and total cost, both of which are functionsp*, ,, , $,., $,=- +()-()==()= 10 000 10 020 1 000 10 1 000 10 0000 15 10 000 1 5002Royalty302 Proﬁt and Revenue MaximizationP ... ()±-()-()()[]()=±-()=±=+==-=aQ bQ c20++= 10 10 0 2 0 01 100 8 0 01 022QQQQQ=++-+ =..TR TC=p*.,,$,=- +()-()=- + - =10 0 8 400 0 01 400 10 0 3 200 1 600 1 5002ddQ22002 0p=- <.ddQQQp=-...

Managerial economics theory and practice phần 6 pptx

... 8(7.6) = 21. 2b. p=TR - TC = 7.6( 21. 2) - 8 - 21. 2 - 0.05( 21. 1)2= 16 1. 21 - 8 - 21. 2 - 22.47 = 10 9.45c. P = 10 .25 - Q 1 TR 1 = 10 .25Q 1 - Q 1 2MR 1 = 10 .25 - Q 1 = 10 .25 - ( 21. 2) = 4.95P = 14 .67 ... 212 =()-()Pf PP TC PP,,p 11 112 11 2=()-()PfPP TC PP,,TR P f P P22 212 =(),TR P f P P 11 112 =(),QfPP2 212 =(),QfPP 11 12=(),P* $.=- +()=200 23267 3267 6932pp 1 222 19 6 ... ($2 ,13 4+ $2 ,13 4).P* $=- +()=200 2 24 5 24 5 10 2QQ 12 24 5**.==QQQQ 12 21 4949=-=-∂∂=- - =∂∂= =ppQQQQQQ 1 21 2 12 19 6 4 4 0 19 5 4 4 0pp p=+= + 12 1 2 1 222 12 19 6 19 6...

Managerial economics theory and practice phần 2 doc

... D,,==+=Æ =Æ =ÆÂÂÂ 11 1QabPD=+QQQ aaabbbPDDD,, ,12 312 312 3++=++()+++()QabPD,3 3 3=+QabPD,2 2 2=+QabPD ,1 1 1 =+the market demand curve 10 3PPPPQ 1 Ј QMarket demandQ2Ј Q3Ј QЈPЈFIGURE ... <40∂∂∂∂∂∂∂2 1 22222 12 2 11 22 12 20yxyxyxxff fÊËˆ¯ÊËˆ¯-ÊËˆ¯=->∂∂222220yxf=>∂∂2 1 2 11 0yxf=>∂∂∂∂∂∂∂2 1 22222 12 2 11 22 12 20yxyxyxxff ... 2=PQ=-8022.,DPQ= -10 0 5 1 .,DQPD, 240 5=-QPD ,1 20 2=-QQ Q QPPP PD=++=-()+-()+-()=-DDD,, ,12 350 25 50 25 50 25 15 0 75 10 4 the essentials of demand and supply2.00 15 0075 1. 00PQQD =15 0 –75PFIGURE...

Managerial economics theory and practice phần 3 pps

... P P2 1 12 1 3 1 32 500 1 0000=()=>,dQdPP 1 1 1 25000=- <QP22500=QP 1 1500=QMP 1 12==+=PQ PQ PQ 11 11 11 2MPQ PPPQ=+ÊËˆ¯ 11 2 1 2 1 QPPQ2 1 2 1 =ÊËˆ¯QQPP2 1 12=UUPP 1 2 1 2=Q 1 100*=5 ... 0 0 17 0 -10 0. 014 -0 .14 70260 -10 0.033 -0.33 12 0350 -10 0.060 -0.60 15 0440 -10 0 .10 0 -1. 00 16 0530 -10 0 .16 7 -1. 67 15 0620 -10 0.300 -3.00 12 0 710 -10 0.700 -7.00 7080 -10 •-• 0FIGURE 4 .10 Price-elastic ... ploy.bQPQQPP 1 21 21 22 12 210 230 10 02050==--=--=-=-DDD .QPD= -12 7 50 15 0 Additional Topics in Demand Theory 2.302 .10 12 22PQ0BACQD =12 7 –50P⌬P⌬QDFIGURE 4 .1 The linear demandcurve.b....

75
1,073
0

Managerial economics theory and practice phần 4 ppsx

... = 1, For K = L = 2,Q =() ()=()()=20 2 2 20 1 516 1 414 42 87206 05 .Q =() ()=()()=20 1 1 20 1 1 2006 05 Q =+()+()=++ =10 0 3 2 2 2 10 0 6 4 11 0Q =+()+()=++ =10 0 3 1 2 1 100 ... 8 ,10 0.00 6,400.00 4,900.008 7,290.00 5 ,12 0.00 3,430.00 16 6,5 61. 00 4,096.00 2,4 01. 0032 5,904.90 3,276.80 1, 680.7064 5, 314 . 41 2,6 21. 44 1, 176.49 12 8 4,782.97 2,097 .15 823.54256 4,340.67 1, 677.72 ... = 10 10 2MC =()=20 10 200dTCdQMC Q==20ATCmin,,,=+()=+= 1 000 10 10 10 1 000 1 000 10 2002d ATCdQQQ22332 1 0002 0000=()=>-,,TC =()=200 10 2 000,TC =+()=1...

Managerial economics theory and practice phần 7 docx

... is, (11 .39)where the constant k > 0. Solving Equation (11 .33) for P 1 and P2yields (11 .40a) (11 .40b)Substituting Equation (11 .39) into Equations (11 .13 ) and (11 .40b) yields (11 . 41) (11 .42)Substituting ... Q QQQ QQ QQQ QQ QQ 11 22 1 2 11 2 22 11 2222 12 220 2 10 0 5 10 520 2 10 0 5 10 5PQ22 10 0 5=-PQ 11 20 2=-TC Q= +10 52QP2220 0 2= QP 11 10 0 5= 458 pricing practicesa. Calculate ... price equations yieldQQ 21 2328**.==Q 1 164*.=ddQ2 1 20p<ddQQp 1 1220 13 4 0=- =p= - +()-() +()=- - -20 2 10 0 2 5 2 10 5 2 10 220 67 11 2 11 2 11 2 11 2QQ Q Q QQQQp= + -...

Managerial economics theory and practice phần 8 doc

... YTMnnVPMTYTMPMTYTMPMTYTMMYTMPMTYTMMYTMBnntntn=+()++()+++()++()=+()++()=Æ 11 1 1 11 12 1 SMethods for Evaluating Capital Investment Projects 519 +Ϫ 12 345 tYTM = 0.086789 10 11 12 $10 0 $10 0 $10 0 $10 0 $10 0 $10 0 $10 0 $10 0 $10 0 $10 0 $10 0 $1, 000 $10 0$92.53985.73379.38373.50368.05863. 017 58.34954.02750.02546. 319 42.88839. 711 397 .11 4 $1, 150.720 ... IRRB>NPVB=-()+()+()+()+()+()=$,.$,.$,.$,.$,.$,.$, 19 000 1 117 26 000 1 117 26 000 1 117 26 000 1 117 26 000 1 117 26 000 1 117 22 780 012 345NPVA=-()+()+()+()+()+()=$,.$,.$,.$,.$,.$,.$, .25 000 1 117 27 000 1 117 28 ... Figure 12 .16 .NPVCFAtntt=()=-=ÆS 1 1 17 168563 64.$.NPVCFAtntt=()=- +()+()+()+()+()==ÆS 1 12345 1 1 516 825 0007 000 1 1 516 88 000 1 1 516 89 000 1 1 516 89 000 1 1 516 85...

Managerial economics theory and practice phần 9 potx

... $95.83 $45.83 $4 .17 ӇӇ Ӈ Ӈ Ӈ5 Buyer4 Seller $84. 91 $34. 91 $15 .093 Buyer $83 .16 $33 .16 $16 .842 Seller $84.84 $34.84 $15 .16 1 Buyer $83 .10 $33 .10 $16 .90worker performance or they can trust employees ... Evi-()[]{}=ÊËˆ¯-()[]==ÊËˆ¯-()[]+-()[]++-()[]{=ÊËˆ¯-()+-()+-()+-=ÆÂ2 12 22 1 22262222 1 1 1 6 13 5 235 335 4s 335535 635 1 625 15 05 05 15 25 1 6625 225 025 025 225 625 1 6222222222. ()[+-()+-()]=ÊËˆ¯-()+-()+-()+()+-()+-()[]=ÊËˆ¯+++++[]=ÊÊËˆ¯()= 17 ... exercises 615 LaborWork hard Goof offManagementObserve ( 1, 1) (1, 1) Don’t observe (1, 1) ( 1, 1 ) Payoffs: (Management, Labor)ϪϪϪFIGURE E13.4 Payoff matrix for chapter exercise 13 .4....

Managerial economics theory and practice phần 10 pot

... Principles and Extensions, 6thed. (Font Worth: The DrydenPress, 19 95), Chapter 3.0 TailsHeadsA (0, 2000)B (500, 15 00)C (10 00, 10 00)D (2000, 0) 1, 000 1, 000 1, 500500FIGURE 14 . 21 Fair-odds ... endowment.670 Risk and Uncertainty0S 1 S0I0I 1 I2I 1 45ЊCABCFIGURE 14 .23 Indifference map ofrisk-neutral preferences.0S 1 S0I0I 1 I2IϪ 1 45ЊADBCFIGURE 14 .24 Indifference ... Cto point B in Figure 14 . 21. Solving Equation (14 .19 ), we obtain (14 .20)The reader should verify that the budget constraint depicted in Figure 14 . 21 had a slope of -1. The reader should also...

Xem thêm