MBA 12 Managerial economics No. of Lecture Hrs / Week : 04 Total No. of Lecture Hrs : 56 MODULE 1 IA Marks : 50 Exam Hours : 3 Hours Exam Marks : 100 7 HOURS Introduction of Economics: Managerial Economics – Nature‚ Scope & Significance‚ Role of Managerial Economist in decision-making – Relationship of Managerial Economics with functional areas of business MODULE 2 7 HOURS Fundamental Principles/Concepts of Managerial Economics: Opportunity Costs‚ Incremental‚ Time perspective
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= ($10)(2) = $20. Thus‚ the price decrease results in an $8 increase in total revenue‚ so demand is elastic over this range of prices. How much would the firm’s revenue change if it lowered price from $4 to$2? IS the demand elastic or inelastic in this range? | When P = $4‚ R = ($4)(5) = $20. When P = $2‚ R = ($2)(6) = $12. Thus‚ the price decrease results in an $8 decrease total revenue‚ so demand is inelastic over this range of prices. What price maximizes the firm’s total revenues
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Spring 12 Spring 12 1 Time Warner Ctr. | New York‚ New York | 10019-016 | United States 1 Time Warner Ctr. | New York‚ New York | 10019-016 | United States Time Warner‚ Inc. Reggie Gossett Time Warner‚ Inc. Reggie Gossett 08 Fall 08 Fall Table of Contents Executive Summary 2 Remote Environment 2 Operating Environment 3 The Company 3 Corporate Strategy 4 SWOT Analysis 5 Porter’s Five Forces Analysis 8 Strategic Business Units 9 Strategic Control 9
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Chapter 3 3-1. Concert Opportunity Cost You won a free ticket to see a Brice Springsteen concert ( assume the ticket has no resale value). U2 has a concert the same night‚ and this represents your next best alternative activity. Tickets to the U2 concert cost $80‚ and on any particular day‚ you would be willing to pay up to $100 to see this band. Assume that there are no additional costs of seeing either show. Based on the information presented here‚ what is the opportunity cost of seeing
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Appalachian Coal Mining believes that it can increase labor productivity and‚ there- fore‚ net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is MC = 40P where P represents a reduction of one unit of pollution in the mines. It also feels that for every unit of pollution reduction the marginal increase in revenue (MR) is MR =1‚000 =10P. How much pollution reduction should Appalachian Coal
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Learning activity 2 ch 3-U2 Read chapter 3‚ Demand and Supply‚ of your textbook. Answer the questions below. If a different source is used‚ identify your reference (title‚ author‚ edition‚ page‚ web page‚ date) as a footnote. Copy and paste are not allowed. Show how you obtained your final result. Take into account the due date for submitting assignments. 1. When do we say that two commodities are complements or substitutes? 2. 2. When do we classify goods as normal or inferior? According
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the program’s major obstacles in being successfully implemented seems to be both convincing employees that this is for their benefit‚ as well as encouraging them to involve their spouse in the program. I will be outlining some basic communication strategies that will focus on informing the employee about the benefits of the program for them and their spouses while confirming the confidentiality of the screening. When communicating with employees‚ it is important to focus mainly on the benefits
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Business Memo: Social Engineering Threats Ray Ruiz BSA/310 April 17‚ 2013 Fred Bennett Business Memo: Social Engineering Threats With the advancement of technology in the work place‚ the opportunity for malicious users to infiltrate and corrupt your business increases. Knowing what types of methods these individuals are using will help you in developing preventative measures. Keeping employees informed of the ways to recognize and respond to social engineering techniques are important to
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MEMORANDUM September 7‚ 2012 To: From: Subject: The importance of segregation of duties for a small business This memo is in response to your concern of how your company’s performance improves effectively. A strong internal control will definitely play an important role to achieve your goal. The memo will first explain what internal control is. It is then followed by discussing segregation of duties‚ which is a key factor of internal control. I also include some examples of how duties
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Interest Rate = 11%- 9%= 2% Therefore the real interest rate is adjusted for inflation. Q.2 Suppose a country has a money demand function (M/P)d = kY‚ where k is a constant parameter. The money supply grows by 12% per year‚ and real income grows by 4% per year. (a) What is the average inflation rate? (b) How would inflation be different if real income growth were higher‚ say 6%? Explain. (c) Suppose‚ instead of a constant money demand function‚ the velocity of money in this economy was growing
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