Managerial economics 13e mcguigan harris

... SEMESTER 2013 MANAGERIAL ECONOMICS – BMME5103 ASSIGNMENT (60%) Question Read the following information and answer the questions

Ngày tải lên: 05/03/2014, 15:57

... of Demand and Supply The Law of Demand 10 0 The Market Demand Curve 10 2 ix Contents Other Determinants of Market Demand 10 6 The Market Demand Equation 11 0 Market Demand Versus Firm Demand 11 2 The ... first PV (p1 ) = Â PV (p ) = Â pt (1 + i) t = $10 0 $330 + = $363.64 1. 1 (1. 1) t = $300 $12 1 + = $372.73 1. 1 (1. 1) pt (1 + i) How Realistic is The Assumption of Profit Maximizat...

Ngày tải lên: 14/08/2014, 22:21

... a minimum are given by: 2 y = f11 > ∂x 12 (2. 82a) 2 y = f 22 > ∂x 22 (2. 82b) 2 2 Ê ∂ yˆÊ ∂ yˆ Ê ∂ y ˆ = f11 f 22 - f 12 > ¯Ë ¯ Ë ∂x1 ∂x2 Ë ∂x1 ∂x2 ¯ (2. 82c) Example Consider once again our sales ... 2 y = f11 < ∂x 12 (2. 81a) 2 y = f 12 < ∂x 22 (2. 81b) 2 2 Ê ∂ yˆÊ ∂ yˆ Ê ∂ y ˆ = f11 f 22 - f 12 > ¯Ë 2 Ë ∂x1 ∂x2 Ë ∂x1 ∂x2 ¯ (2. 81c) The second-order conditions for a mini...

Ngày tải lên: 14/08/2014, 22:21

... point-price-elasticities of demand at P = $4 and P = $3 are -12 e p (P = $4) = -3 ˆ = = -0.9 23 Ë 13 ¯ 13 -9 e p (P = $3) = -3 ˆ = = -0.5 63 Ë 16 ¯ 16 At both prices, demand is price inelastic, since -1 ... for Q1 and Q2 yields Q1 = 25 - 3( 4) = 25 - 12 = 13 Q2 = 25 - 3( 3) = 25 - = 16 Substituting these results into the expression for arc-price elasticity of demand yields (16 - 1...

Ngày tải lên: 14/08/2014, 22:21

... 4, 340 .67 $10,000.00 8,000.00 6 ,40 0.00 5,120.00 4, 096.00 3,276.80 2,621 .44 2,097.15 1,677.72 $10,000.00 7,000.00 4, 900.00 3 ,43 0.00 2 ,40 1.00 1,680.70 1,176 .49 823. 54 576 .48 In the case of labor, for ... unchanged  248 Cost TABLE 6.1 Learning Curve Effects: Unit Labor Costs Output m = 0.9 m = 0.8 m = 0.7 16 32 64 128 256 $10,000.00 9,000.00 8,100.00 7,290.00 6,561.00 5,9 04....

Ngày tải lên: 14/08/2014, 22:21

... 5( 501) TR* = 5, 010, 000 - 1, 255 , 0 05 = $3, 754 , 9 95 Royalty = 0.1(3, 754 , 9 95) = $3 75, 499 .50 If Wren and Skimpy choose the second contract, their royalties will be p* = -10, 000 + 10, 020 (50 1) ... p = -Q3 + 7.5Q2 - 12Q - = -(4)3 + 7 .5( 4)2 - 12(4) - = -64 + 120 - 48 - = $6 c Total revenue is defined as TR = PQ = 45Q - 0.5Q = ( 45 - 0.5Q)Q Thus, P = 45 - 0.5Q = 45 - 0 .5...

Ngày tải lên: 14/08/2014, 22:21

... 78,479 66 ,302 56, 994 158 ,66 8 42, 966 66 ,735 5,517 11, 061 24 ,63 2 98.9 94.5 91.1 89.7 86. 7 84.8 79.5 65 .6 59.8 59.2 52.5 45.4 32.7 28.5 37 .6 35 .6 31.9 17.4 16. 8 (D) (D) 98.0 93.4 94.7 96. 0 96. 3 77.9 83.3 ... 707 69 0 9 06 4,024 Value of shipments ($ millions) Largest companies Largest companiesa HHI for largest 50 companiesa 29,253 6, 128 4,198 18,203 6, 5 56 57,893 95...

Ngày tải lên: 14/08/2014, 22:21

... Adams, W J., and J I Yellen “Commodity Bundling and the Burden of Monopoly.” Quarterly Journal of Economics, 90 (August 1 976 ), pp 475 –498 Baye, M R., and R O Beil Managerial Economics and Business ... 20 - 2(1.304) = $ 17. 39 P2 * = 100 - 2(6.0 87) = $69.66 b Gizmo Brothers’s profit is 2 p = 20(1.304) + 100(6.0 87) - 2(1.304)(6.0 87) - 3(1.304) - 8(6.0 87) - 10 = $88. 17 456 p...

Ngày tải lên: 14/08/2014, 22:21

... (1. 08) = $549.41 NPVB = -5, 000 (1. 08) + + 1, 000 (1. 08) 1, 000 (1. 08) + + 2, 500 (1. 08) 2, 500 (1. 08) + + 3, 000 (1. 08) - 5, 000 (1. 08) 3, 000 (1. 08) = $80 8.61 Since NPVB > NPVA, Brian Borumha ... 000 (1. 08) - 2, 000 (1. 08) CF1 + (1 + k) + $1, 000 (1. 08) 1, 000 + (1. 08) CF2 (1 + k) + + + + $1, 500 (1. 08) - CF6 (1 + k) $2, 000 (1. 08) 1, 000 + (1. 08) 1, 500 + (1. 08) 1, 500 (1...

Ngày tải lên: 14/08/2014, 22:21

... Seller Buyer $100.00 $97 .50 $97 .75 $95 .36 $95 .83 Ӈ $50.00 $47.50 $47.75 $45.36 $45.83 Ӈ Ӈ $84 .91 $83.16 $84.84 $83.10 $34 .91 $33.16 $34.84 $33.10 $15. 09 $16.84 $15.16 $16 .90 $0.00 $2.50 $2.25 ... Managerial Economics and Business Strategy Boston: Richard D Irwin, 199 4 Besanko, D., D Dranove, and M Shanley Economics of Strategy, 2nd ed New York: John Wiley & Sons, 2000 Bier...

Ngày tải lên: 14/08/2014, 22:21

... F., L C Gapenski, and M C Erhardt Financial Management: Theory and Practice, 9th ed New York: Dryden Press, 1998 Davis, O., and A Whinston “Externalities, Welfare, and the Theory of Games.” Journal ... MCA Emission standard MCA 2* MCA 1* 15 .10 Emission standards and incomplete information FIGURE ␳* Pollution 710 Market Failure and Government Intervention FIGURE 15.11 Emiss...

Ngày tải lên: 14/08/2014, 22:21

... Managerial Economics Unit Introduction to Managerial Economics Contents Page What this unit is about Introduction to Managerial Economics The Main Concepts in Microeconomics Optimisation ... MANAGEMENT STUDIES MANAGERIAL ECONOMICS The approach to managerial economics which we study in this course relies very closely on microeconomic analysis Indeed, we could define manage...

Ngày tải lên: 14/08/2014, 22:21