class 01 - What price to charge What product quality to...

Info iconThis preview shows pages 1–13. Sign up to view the full content.

View Full Document Right Arrow Icon
Managerial Economics Theory, Applications, and Cases Sixth Edition W. Bruce Allen Neil Doherty Keith Weigelt Edwin Mansfield
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Part 1 Introduction Norton Media Library
Background image of page 2
Chapter 1 Introduction to Managerial Economics Norton Media Library W. Bruce Allen Neil A. Doherty Keith Weigelt Edwin Mansfield
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
The following are some common decisions that are discussed in managerial economics. How to produce a product most cheaply What products to produce How much of a firm’s resources to invest versus paying out as dividends Where to produce How to manage risk
Background image of page 4
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 6
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 8
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 10
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 12
Background image of page 13
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: What price to charge What product quality to produce This course will illustrate decisions that contribute to the value of firms. It will derive rules which aim to maximize this value. Specifically, shareholders want managers to maximize the Present Value (PV) of the firm. In the business press this is known as the delivery of value to shareholders. Perhaps the most important rule that you will learn in this course is this: Set the Marginal Benefit of an Action equal to its Marginal Cost....
View Full Document

This note was uploaded on 04/07/2008 for the course ECON 2010 taught by Professor Devkota during the Spring '08 term at Rensselaer Polytechnic Institute.

Page1 / 13

class 01 - What price to charge What product quality to...

This preview shows document pages 1 - 13. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online