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Assignment Name: McGuigan/Moyer/Harris, Managerial Economics: Applications, Strategies, and Tactics 11e, Chapter 2
40:11
When the price of gasoline rises, the demand for SUVs declines because:
a. SUVs are less fuel efficient than hybrids.
1.
b. S
Web Quiz
Assignment Name: McGuigan/Moyer/Harris, Managerial Economics: Applications, Strategies, and Tactics 11e, Chapter 8
55:03
Average total cost is the sum of fixed cost plus variable cost.
1.
T rue
False
Correct. Average total
cost is the sum of
aver
Wall Street Journal Article Summary: Chapter 3: Demand Analysis: Comments
You provided an excellent choice of meaningful articles.
Your summaries and comments were appropriate and insightful.
Please, make sure you are going in some direction.
Try to find
Summary of what you need to to in this module: Chapter 2
MAKE SURE YOU PRINT THIS PAGE FOR REFERENCE. PLEASE DO NOT FORGET TO READ IT TOO!
Summary of Activities for the next week (May 31-Jun 06, 2009):
For the Module: Introduction and Foundation II and Ma
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Assignment Name: McGuigan/Moyer/Harris, Managerial Economics: Applications, Strategies, and Tactics 11e, Chapter 3
Summary of Results
Total Possible: 10.0 Time Spent: 00:34:55 / 01:00:00
correct
10.00
100.00%
To email the results to your instruct
Web Quiz
Assignment Name: McGuigan/Moyer/Harris, Managerial Economics: Applications, Strategies, and Tactics 11e, Chapter 1
Summary of Results
Total Possible: 10.0 Time Spent: 00:08:08 / 01:00:00
correct
10.00
100.00%
To email the results to your instruct
Module: Introduction and Foundation
My Notes | Print Previous Next
Class Attendance: Module Introduction and Foundation
Background / Readings / Activities/Attendance
Background and Readings: Module Introduction and Foundation
Background / Readings / Activ
END OF CHAPTER EXERCISES: Chapter 4: Estimation of Demand: Comments
Part 1: Exercise 2. You can use a calculator, Excel, or any other statistical program to complete this exercise
a) Independent Variable: Annual Income (X)
Dependent: Amount of Life Insura
End of Chapter One Exercises: Examples
Managers of publicly owned enterprises must face shareholders at annual meetings. They must report the quarterly
and annual earnings for the year. If they take on projects that do not have a quick payback, they are a
End-of-Chapter Exercises: Chapter 7: Production: Examples
1. Q = 6L2M2 - .10L3M3
Assume that raw materials (input M) are fixed at 10 units.
1. Determine the total product function for input L, holding M = 10.
2. Determine the marginal product function for
End of Chapter 2 Exercises: Examples
The following examples may help you in understanding the required end of the chapter exercises I assigned:
1. The manager of Research and Development for Centipede Complex, Inc., must give her approval to one of two pr
End of Chapter 1 Exercises: Additional Examples from the textbook
End of Chapter 1 Exercises: Additional Examples
My Notes | Print Previous Next
End of Chapter 1 Exercises: Additional Examples from the textbook
Part 1: Exercise 5, a, c, e, Chapter 1, page
Web Quiz
Assignment Name: McGuigan/Moyer/Harris, Managerial Economics: Applications, Strategies, and Tactics 11e, Chapter 2, Appendix
57:58
If the derivative is set equal to zero, then we find either the local maximum or the local minimum at that point.
1
Web Quiz
Assignment Name: McGuigan/Moyer/Harris, Managerial Economics: Applications, Strategies, and Tactics 11e, Chapter 1
59:12
The goal of shareholder wealth maximization implies that managerial decisions maximize only the current quarter's expected
pr
Web Quiz
Assignment Name: McGuigan/Moyer/Harris, Managerial Economics: Applications, Strategies, and Tactics 11e, Chapter 9
48:50
The greater is the output sold, the greater is the degree of operating leverage (DOL).
1.
T rue
False
Correct. The DOL is
gre
1.
Define cost.
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2.
What is (are) the difference between accounting and economic costs? Why is this difference important?
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3.
Define opportunity cost?
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4.
What are the costs that should be used in a given decision-making p
1.
List three marketing research techniques that could be used to estimate demand
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2.
Mention some difficulties that may discourage researchers from using these techniques
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3.
What is econometrics?
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4.
What are the princip
1.
What is the economic theory of production
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2.
How can a production function be expressed?
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3.
What is the Cobb-Douglas production function? How is it represented mathematically?
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4.
What do the short-run and long-run di
Background and Readings
Estimation of Demand:
Topics in this module:
Deterministic vs. Stochastic Relationships
Expected Values and Means
Variances and Standard Deviations
Estimating Demand Using Marketing Techniques
Simple Regression
Statistical Measures
Background and Readings
Do not forget our goal:
Maximize the value of the firm, as represented by the model on page 11, Fig. 1.3 in your textbook.
From this model (Value Model) we already discussed:
The Benefit (Revenue) Part, shown in the numerator of th
Background and Readings
Topics in this module:
In the previous two modules we discussed the demand side (TR =P*Q) in the firm's Value Function (page 11, fig. 1.2). Also in chapter 2 we
discussed the idea of risk and its relation to return, the denominator
Background And Readings: Module Introduction and Foundation II and Math Review
Topics this week:
1. Basic Math Review:
What is a variable?
Name and define the different types of variables?
What is a constant?
What is an equation?
Name and define the diffe
Background and Readings: Module Introduction and Foundation
Topics this week:
What is Managerial Economics?
The Decision Making Model
The Role of Profits
Objectives of the Firm (For Profit and Not-for-Profits)
Key Concepts:
Managerial Economics
Economic P
ANSWERS TO BASIC QUESTIONS CHAPTER 3
This are my suggested answers to the Basic Questions.
Part 1: What is a demand schedule?
A demand schedule is a listing of prices and quantities of a good that would be demanded at that specific price, keeping all othe
Activities
Notice that you have two weeks to complete the following modules:
Demand Analysis
Estimation of Demand
Production, and Costs
Next you will find on-line activities for the module Estimation of Demand.
Remember that several of the activities requ
Activities Module Introduction and Foundation
Each week you will participate in a variety of on-line activities.
I have designed these activities for individual and collaborative learning with as much group interaction as possible.
You should engage in le
Modules:
Demand Analysis, Estimation of Demand, Production, and Costs
Next you will find on-line activities for the module Cost Analysis and Application of Cost Theory.
Remember that several of the activities required collaboration and interaction.
You sh
Notice that you have two weeks to complete the following modules:
Demand Analysis, Estimation of Demand, and Production and Costs
Next you will find on-line activities for the module Production.
Remember that several of the activities required collaborati
Activities: Chapter 2
Each week you will participate in a variety of on-line activities.
I have designed these activities for individual and collaborative learning with as much group interaction as possible.
You should engage in learning through teams.
Th