Managerial economics theory and practice phần 4 ppsx

... 7,290.00 5,120.00 3 ,43 0.0016 6,561.00 4, 096.00 2 ,40 1.0032 5,9 04. 90 3,276.80 1,680.70 64 5,3 14. 41 2,621 .44 1,176 .49 128 4, 782.97 2,097.15 823. 54 256 4, 340 .67 1,677.72 576 .48 tively. For example, ... McGraw-Hill,1980.Henderson, J. M., and R. E. Quandt. Microeconomic Theory: A Mathematical Approach, 3rded. New York: McGraw-Hill, 1980.Maxwell, W. D. Production Theory and Cost Curves. Applied Economics, 1, August ... 516 1 41 4 42 87206 05 .Q =() ()=()()=20 1 1 20 1 1 2006 05 Q =+()+()=++=100 3 2 2 2 100 6 4 110Q =+()+()=++=100 3 1 2 1 100 3 2 105Q =()+()+()()=++ =22 32 42 2 4 6 16...

Managerial economics theory and practice phần 1 ppt

... and Concepts 138Chapter Questions 140 Chapter Exercises 142 Selected Readings 144 Appendix 3A 145 4 Additional Topics in Demand Theory Price Elasticity of Demand 149 Price Elasticity of Demand: ... complexities and uncertainties 34 IntroductionPeak-load Pricing 46 0Transfer Pricing 46 2Other Pricing Practices 47 0Chapter Review 47 4Key Terms and Concepts 47 6Chapter Questions 47 9Chapter ... of Capital 538Chapter Review 541 Key Terms and Concepts 542 Chapter Questions 544 Chapter Exercises 546 Selected Readings 549 13Introduction to Game Theory Games and Strategic Behavior 552Noncooperative,...

Managerial economics theory and practice phần 2 doc

... include corned beef and cabbage, tea and lemon,coffee and cream, peanut butter and jelly, tennis rackets and tennis balls,ski boots and skis, and kites and kite string.If goods X and Y are complements, ... oleomargarine and butter, coffee and tea, and beer and ale.If goods X and Y are substitutes, then we would expect that as the priceof Y rises the quantity demanded of Y falls, and the demand for ... x=¢()=()=()◊()=◊=3 4 3 2 2 4 12 4 48222 4 5dudxgx x=¢()= 4 ugx x=()= 22dydufu u x x=¢()==()=332 12222 4 68 introduction to mathematical economics a. Determine the...

Managerial economics theory and practice phần 3 pps

... elasticity.eAQAAQ=∂∂ÊËˆ¯ÊËˆ¯=ÊËˆ¯==25 4 1 84 1001 84 0 54. eI=∂∂ÊËˆ¯ÊËˆ¯=ÊËˆ¯==QIIQ021501 84 301 84 016 ep=∂∂ÊËˆ¯ÊËˆ¯=-ÊËˆ¯=-=-QPPQ2 4 1 84 81 84 0 04. QPIA=- + +=-()+()+()=-++ ... of the following demand terms and concepts. Illustrate diagrammatically a change in each.a. Quantity demandedb. Demandc. Market demand curve 140 the essentials of demand and supplycombination ... Additional Topics in Demand Theory TABLE 4. 3 Solution to problem 4. 7.P Q dQ/dP P/Q epTR080-10 0 0 0170-10 0.0 14 -0. 14 70260-10 0.033 -0.33 120350-10 0.060 -0.60 150 44 0-10 0.100 -1.00 160530-10...

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Managerial economics theory and practice phần 5 pptx

... -TR TCTC Q= 22QP=-ÊËˆ¯20313PQ=- =-()=- =45 0 5 45 0 5 4 45 2 43 $TR PQ Q Q Q Q== - =-() 45 0 5 45 0 52 ddQ226 4 15 24 15 9 0p=-()+=-+=-<, for a local minimumUnconstrained ... quadratic formula, which is given asQbbacaQQ122212 4 288 4 0 01 10020018 644 0028 7 746 0028 7 746 002787 38 7 746 00212 7,...........=-± -()= ()±-()-()()[]()=±-()=±=+==-=aQ ... industry.332 Market Structure: Perfect Competition and Monopolyb. Q = 10( 14. 29)0.6(6.35)0 .4 = 103.31500 5 7 5 4 9500 35 14 29 4 9 14 29 6 35=+()===()( )=LLLLK.*.* Appendix...

Managerial economics theory and practice phần 6 pptx

... ($2,1 34 + $2,1 34) .P* $=- +()=200 2 24 5 24 5 102QQ12 24 5**.==QQQQ1221 49 49 =-=-∂∂=- - =∂∂= =ppQQQQQQ121212196 4 4 0195 4 4 0pp p=+= + 12 1 2 122212196 196 2 2 4QQQQQQprice ... 21.2 - 22 .47 = 109 .45 c. P = 10.25 - Q1TR1= 10.25Q1- Q12MR1= 10.25 - Q1= 10.25 - (21.2) = 4. 95P = 14. 67 - Q2TR2= 14. 67Q2- Q22MR2= 14. 67 - Q2= 14. 67 - (21.2) = 0. 54 Marginal ... between 0. 54 and 4. 95 without affecting the prevailing (proﬁt-maximizing) price and output level.d.This result is consistent with the answer to part c, since it lies between0. 54 and 4. 95.e....

Managerial economics theory and practice phần 7 docx

... for P1 and P2yields(11 .40 a)(11 .40 b)Substituting Equation (11.39) into Equations (11.13) and (11 .40 b) yields(11 .41 )(11 .42 )Substituting Equations (11.39), (11 .40 a), (11 .41 ), and (11 .42 ) into ... W. J., and J. I. Yellen. “Commodity Bundling and the Burden of Monopoly.” QuarterlyJournal of Economics, 90 (August 1976), pp. 47 5 49 8.Baye, M. R., and R. O. Beil. Managerial Economics and Business ... 160 100 80 50 1 24 10223$PC= $2051505= PCPA= $30 41 002= PASS S= = =+= ¥()ACskiers459 105SC= 5∂p∂SSCC=- =20 4 0SA= 4 ∂p∂SSAA=- =40 10 0 44 0 pricing practicesb. The...

Managerial economics theory and practice phần 8 doc

... Ak NPV0.00 -$1,000.000.25 -40 .000.27 0.000.50 333.331.00 500.001.50 44 0.002.00 333.332.50 2 24. 493.00 125.003.50 37. 04 3.76 0.00 4. 00 -40 .00 4. 50 -107 .44 NPV0kϪ$1,000376%100%$50027%NPV ... A and BCost of capital Project A Project B0.00 $8,000 $10,0000.02 6,389 7,6210. 04 4,908 5 ,46 50.05 4, 211 4, 4620.05875 3,623 3,6230.06 3, 541 3,5060.08 2,278 1,7230.10 1,109 960.12 24 ... in Figure 13 .4. Wide isnoncooperative, simultaneous-move, one-shot games 561ClampettDon’ t drill Narrow WideDon’ t drill (0, 0) (0, 44 ) (0, 31)TEXplorNarrow (44 , 0) ( 14, 14) (!1, 16)Wide...

Managerial economics theory and practice phần 9 potx

... surplus Andrew’s surplus50 Seller $100.00 $50.00 $0.00 49 Buyer $97.50 $47 .50 $2.50 48 Seller $97.75 $47 .75 $2.25 47 Buyer $95.36 $45 .36 $4. 64 46 Seller $95.83 $45 .83 $4. 17ӇӇ Ӈ Ӈ Ӈ5 Buyer 4 Seller ... =21 94 400 44 0 91,$.EE EpEp Epiiipp p p spp pp-()[]{}=-()[]==-()[]+-()[]=-()+-()=-()+()=()+(=ÆÂ2212212122222220 4 100 640 0 6 1 000 640 0 4 540 0 ... 609Once again, Andrew knows that Adam is indifferent between a price of$97.62 in the 48 th round and $95. 24 in the 47 th round, which reducesAdam’s surplus by 5%, to $45 . 24. Andrew’s surplus,...

Managerial economics theory and practice phần 10 pot

... endowment.670 Risk and Uncertainty0S1S0I0I1I2IϪ1 45 ЊCABCFIGURE 14. 23 Indifference map ofrisk-neutral preferences.0S1S0I0I1I2IϪ1 45 ЊADBCFIGURE 14. 24 Indifference ... demand equation for price yieldsSubstitutingP*$=-()=200 4 25 100Q* = 25 4 200 4QQ=-MPC P=PQ=-200 4 QP=-50 0 25.MEC Q= 2MPC Q= 4 Externalities 703determined price (marginal revenue) equals ... performance and has determined that thestandard deviation of returns is $3.50 per share. Mat’s investment utilityequation iswhere kp and spare the portfolio’s expected return and standard deviation,respectively....

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