MBA MANAGERIAL ECONOMICS Arcadia IMBA Module 2 University Wide Individual Assignment (UWIA) 12th July 2013 PROBLEM SET #1 1. Complete the following table and answer the accompanying questions. a. At what level of the control variable are net benefits maximized? Net Benefit is also profit. The formula for this is MB = MC. As seen in the table completed above‚ after applying the formula then net benefit is maximized where Q = 106. b
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competing with other consumers. Question 2) The present value of $150‚000 to be received at the end of five years is: PV = (150000/(1.09^1)) + (150000/(1.09^2)) + (150000/(1.09^3)) + (150000/(1.09^4)) + (150000/(1.09^5)) = $583‚447.69 Thus‚ the maximum amount I would pay for an asset is $583‚447.69 Question 8) a) Accounting profit = (Total amount taken in from sales) – (Dollar cost of producing goods) = $200‚000 - $20‚000 = $180‚000 b) Economic profit = (Total revenue) – (Total opportunity
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P2.6 Price and Total Revenue. The Portland Sea Dogs‚ the AA affiliate of the Boston Red Sox major league baseball team‚ have enjoyed a surge in popularity. During a recent home stand‚ suppose the club offered $5 off the $12 regular price of reserved seats‚ and sales spurted from 3‚200 to 5‚200 tickets per game. A. Derive the function that describes the price/output relation with price expressed as a function of quantity (tickets sold). Also express tickets sold as a function of price
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predicts the livelihood of economic activity on the basis of certain assumptions. Answer. . Section A (Part-2) Q1. Write a note on importance of consumer behavior for a business firm. Answer: . Q2. Define the term “Price”. Answer: Q3. Distinguish between marketing concept and selling concept. Answer: Q4. What are the new trends in advertisement? Answer: Q5. Briefly explain the following. 1. Socio-culture environment. 2. Marketing environment interface
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Health economics - The Primer This series of articles will introduce readers to the emerging field of health economics. We will review how health economics influence decision making process in health care and the basic tools used in health economics. * 1. The Role of Health Economics * 2. Cost of Health Care * 3. Should Oncologists Care About Cost-Effectiveness Analyses? * 4. Classification of Health Economic Analyses * 5. Health Economics Research: Cost Utility Analysis
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Major Assignment 1) a) Demand Function: Quantity Demanded (Qd) = a + b* Price (P) Supply Function: Quantity Supplied (Qs) = a + b* Price (P) Where: a = constant b = the change in quantity as a result to the change in price. Demand Function: Quantity Demanded (Qd) = a + b* Price (P) b = (420 – 350) / (20 – 25) = 70 / -5 = -14 Using: P = 25‚ Qd = 350 350 = a – 14 * (25) 350 = a – 350 Therefore a = 700 and the demand function would be: Qd = 700 – 14 * P Supply Function:
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This document of BUS 640 Week 4 Discussion Question 1 Strategic Behavior Oligopolies includes: An interesting example of strategic behavior comes from a 1997 article about Microsoft’s investment in Apple (New Straits Times‚ 1997). The article is included in the Required Readings list. Facing tough anti-trust scrutiny from government agencies‚ Microsoft provided financial support to Apple in order to ensure Apple’s survival and‚ therefore‚ to ensure that competitiveness in the industry remains
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1 Examination-2014 Quantitative Techniques QUIZ TEST (Answer All Questions) Time – 20 mins Full Marks – 10 (10 x 1) 1. The GM of a set of five numbers is 2. The GM of a set of four numbers is 4. What is the GM of the numbers if both the sets considered together? 2. What do you mean by bi-modal incase of measures of central tendency? 3. If mean and SD are 50 and 10 then what is the value of Coefficient of Variation. 4. What is the empirical relationship between Mean‚ Median and
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Murzakarimova Balzhan Management 343 Q1.6 Which concept—the business profit concept or the economic profit concept—provides the more appropriate basis for evaluating business operations? Why? Businesses i know are there to maximize profit and minimize cost.On this basis‚i think the business profit concept is the most appropriate basis for evaluating business operations because banks‚lenders or creditors will the creditworthiness of such business if loan or any other facility has been advanced
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Chapter 2 #1 (1/1) a What are the most prudent decisions she can make about her responsibilities to herself and others? The most prudent decision she can make about her responsibilities to herself and others would be to turn it in to the airline. Using information out of the proposal would result in her dismissal because she would be in violation of her firm’s Business Conduct Guidelines. b What are the implications of those decisions even if there is no violation of law or regulation? The implications
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