Appendix A: ASSIGNMENT COVER SHEET | | Date Received:........................................................... | | | Programme | Master of Business Administration | Module Name | Assignment: Managerial Economics | Surname | Amweenje | First Name/S | Edward Ludwig | Student Number | MBA1120419 | Date Submitted | 21 May 2012 | Postal Address | P.O. Box 62705 | | WANAHEDA | | Namibia | | 0000 | E-MAIL myregent email address | @myregent.ac
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THE UTILITY CONCEPT THE term utility refers to satisfaction a consumer gets from whatever goods and services he consumes. It will be useful to discuss between two utility concepts: (i) total utility (ii) marginal utility Total utility attained from a commodity refers to the sum total of satisfaction which a consumer receives by consuming the various units of the commodity. The more units he consumes‚ the greater will be his total satisfaction upto a certain point. As he keeps on
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PBL 3 GSM 5000 MANAGERIAL ECONOMICS You have been appointed as a member of a consultation team who is working on this very important assignment for a soft drink company. The main task is to evaluate factors affecting the soft drink consumption. Therefore‚ you should revise the knowledge of demand analysis and carry out an investigation on the possible determinants of the demand for the product. The consultant should also describe the methodology of a multiple linear regression and its purpose
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Chapter 5 Question 6 Page 218 Q = Dresses per week L= Number of labor hours per week Q = L –L2/800 MCL=$20 P= $40= therefore MR=$40 Part A: A firm maximizes profit when it equates MRPL = (MR) *(MPL) = MCL MPL= dQ/dL =1 – L/400 Therefore (40)*(1-L/400) = 20. The solution is L = 200. In turn‚ Q = 200 – (2002/800). The solution is Q = 150. The firms profit is= PQ – (MC)L= ($40) (150) – ($20) (200) = $2‚000 Part B Price increase to $50: Q = Dresses per week L= Number of labor hours
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GSM 5000 MANAGERIAL ECONOMICS PROBLEM-BASED LEARNING 2 PROFESSOR DR. MAD NASIR SHAMSUDIN GROUP 5: AZLINA IDRIS MOHD KHAIRUL AINUDDIN MD ZIN ONG WEE HONG VOO LIDY GM04172 GM04218 GM04213 GM01460 1. Learning Issues 1.1 What is forecasting? Forecasting is the process of making statements about future happenings based on the previous data collected. Forecasting usually is an estimation of the future data‚ happenings‚ trends‚ values‚ etc for the specified date. A commonplace example is estimation of
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CHAPTER 3 Product Costing and Cost Accumulation in a Batch Production Environment ANSWERS TO REVIEW QUESTIONS 3-1 (a) Use in financial accounting: In financial accounting‚ product costs are needed to determine the value of inventory on the balance sheet and to compute the cost-of-goods-sold expense on the income statement. b) Use in managerial accounting: In managerial accounting‚ product costs are needed for planning‚ for cost control‚ and for decision making. c) Use in cost
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foreign direct investment from 2000 to 2009‚ totaling more than $2 trillion‚ caused U.S. exports to decline during this time period. True False 2. Small and medium-sized enterprises accounted for nearly one-third of all U.S. exporters. True False 3. International trade includes exports‚ imports‚ and foreign direct investment. True False 4. Importing and foreign direct investment are two approaches to meeting overseas demand. True False 5. International firms must export their products or services
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Managerial Economics Course Assessment 1 Transaction Cost of Economics (TCE) theory is to explain a firm’s structure and TCE’s key features are the determinants of the level of vertical integration. The process that begins with the acquisition of raw materials and ends with the distribution and sale of finished goods and services is known as the vertical chain[i]. A central issue in business strategy is how to organize the vertical chain. TCE‚ which was first contended by Coase in 1937 and developed
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MBA Managerial Economics Review Questions for the Final Exam (Illustrative Answers) PRICE IS LOWER IN A MORE ELASCTIC MARKET!!!!!!!!!! 0.1-1 Introduction:Managerial Decision-Making and Market Processes (a) How does operational effectiveness differ from organizational strategy? Operational effectiveness is achieving excellence in individual activities while organizational strategy is about combining these activities to fit and reinforce one another and create competitive advantage and
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Chapter 3 Organizer 3.1 Establishing a Global Presence |Why is achieving a competitive advantage a|Leads to increase sales and profits. | |goal? |Major goal of corporations is to maximize profits. | | |If you do not enjoy any competitive advantages you will lose market share (customers)
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