Managerial economics theory and practice phần 4 ppsx

... 7,290.00 5,120.00 3 ,43 0.00 16 6,561.00 4, 096.00 2 ,40 1.00 32 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, 3rd ed. New York: McGraw-Hill, 1980. Maxwell, W. D. Production Th...

Ngày tải lên: 14/08/2014, 22:21

... and Concepts 138 Chapter 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 Introduction Peak-load Pricing 46 0 Transfer Pricing 46 2 Other Pricing Practices 47 0 Chapter Review 47 4 Key Terms and Concepts 47 6 Chapte...

Ngày tải lên: 14/08/2014, 22:21

... 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 price of Y rises the quantity d...

Ngày tải lên: 14/08/2014, 22:21

... elasticity. e A Q A A Q = ∂ ∂ Ê Ë ˆ ¯ Ê Ë ˆ ¯ = Ê Ë ˆ ¯ ==25 4 1 84 100 1 84 0 54. e I = ∂ ∂ Ê Ë ˆ ¯ Ê Ë ˆ ¯ = Ê Ë ˆ ¯ == Q I I Q 02 150 1 84 30 1 84 016 e p = ∂ ∂ Ê Ë ˆ ¯ Ê Ë ˆ ¯ =- Ê Ë ˆ ¯ = - =- Q P P Q 2 4 1 84 8 1 84 0 04. QPIA=- + + =- () + () + () =-++ ... of the following demand terms and concepts. Illustrate diagrammatically a change in each. a. Quantity demanded b. De...

Ngày tải lên: 14/08/2014, 22:21

... -TR TC TC Q= 2 2 QP=- Ê Ë ˆ ¯ 20 3 1 3 PQ=- =- () =- =45 0 5 45 0 5 4 45 2 43 $ TR PQ Q Q Q Q== - =- () 45 0 5 45 0 5 2 d d Q 2 2 6 4 15 24 15 9 0 p =- () +=-+=-<, for a local minimum Unconstrained ... quadratic formula, which is given as Q bbac a Q Q 12 2 2 1 2 4 2 8 8 4 0 01 100 2001 8 644 002 8 7 746 002 8 7 746 002 787 3 8 7 746 002 12 7 , . . . . . . . . . . . = -±...

Ngày tải lên: 14/08/2014, 22:21

... ($2,1 34 + $2,1 34) . P* $=- + () =200 2 24 5 24 5 102 QQ 12 24 5**.== QQ QQ 12 21 49 49 =- =- ∂ ∂ =- - = ∂ ∂ = = p p Q QQ Q QQ 1 21 2 12 196 4 4 0 195 4 4 0 pp p=+= + 12 1 2 1 2 2 2 12 196 196 2 2 4QQQQQQ price ... 21.2 - 22 .47 = 109 .45 c. P = 10.25 - Q 1 TR 1 = 10.25Q 1 - Q 1 2 MR 1 = 10.25 - Q 1 = 10.25 - (21.2) = 4. 95 P = 14. 67 - Q 2 TR 2 = 14. 67Q 2 - Q 2 2 MR 2 = 14....

Ngày tải lên: 14/08/2014, 22:21

... for P 1 and P 2 yields (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.” Quarterly Journal of Economics, 90 (August 1976), pp. 47 5 49 8. Baye, M. R., and R. O. B...

Ngày tải lên: 14/08/2014, 22:21

... A k NPV 0.00 -$1,000.00 0.25 -40 .00 0.27 0.00 0.50 333.33 1.00 500.00 1.50 44 0.00 2.00 333.33 2.50 2 24. 49 3.00 125.00 3.50 37. 04 3.76 0.00 4. 00 -40 .00 4. 50 -107 .44 NPV 0 k Ϫ$1,000 376% 100% $500 27% NPV ... A and B Cost of capital Project A Project B 0.00 $8,000 $10,000 0.02 6,389 7,621 0. 04 4,908 5 ,46 5 0.05 4, 211 4, 462 0.05875 3,623 3,623 0.06 3, 541 3,506 0.08 2,278...

Ngày tải lên: 14/08/2014, 22:21

... surplus Andrew’s surplus 50 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 $4. 17 ӇӇ Ӈ Ӈ Ӈ 5 Buyer 4 Seller ... = 2 1 94 400 44 0 91,$. EE Ep Ep Ep ii i pp p p s pp pp - () [] {} =- () [] = =- () [] +- () [] =- () +- () =- () + () = () + ( =Æ Â 22 12 2 1 2 12 2 2 22 22 0 4 100 640 0 6 1...

Ngày tải lên: 14/08/2014, 22:21

... endowment. 670 Risk and Uncertainty 0 S 1 S 0 I 0 I 1 I 2 I Ϫ1 45 Њ C A B C FIGURE 14. 23 Indifference map of risk-neutral preferences. 0 S 1 S 0 I 0 I 1 I 2 I Ϫ 1 45 Њ A D B C FIGURE 14. 24 Indifference ... demand equation for price yields Substituting P*$=- () =200 4 25 100 Q* = 25 4 200 4QQ=- MPC P= PQ=-200 4 QP=-50 0 25. MEC Q= 2 MPC Q= 4 Externalities 703 determined price (...

Ngày tải lên: 14/08/2014, 22:21