Shaala Mosley
MBAE 6865
Bichaka Fayissa
Homework/ Week #1
Sunday, January 22, 2017
Chapter 3-1 Question - Concert Opportunity Cost
You won a free ticket to see a Bruce Springsteen concert (assume the ticket has no resale
value). U2 has a concert the same
Week01 Questions
Chapter 3-1 Question
Concert Opportunity Cost
You won a free ticket to see a Bruce Springsteen concert (assume the ticket has no resale value). U2 has a concert
the same night, and this represents your next-best alternative activity. Tick
Week02 Homework
Chapter 6- Question
Nike Demand (inelastic)
If demand for Nike running shoes is inelastic, should Nike raise or lower price?
The appropriate pricing strategy for Nike with an inelastic demand is to increase prices in order to
increase thei
T
Question 1 (1 point)
Contribution margin is
Question 1 options:
the contribution of each unit sold towards covering the fixed costs
the contribution of each unit sold towards covering the variable costs
the contribution of each unit sold towards coverin
Quiz
Note: It is recommended that you save your response as you complete each question.
Question 1 (2 points)
The forecasting technique which involves the use of the least squares statistical method to examine trends,
and takes into account seasonal and c
Final Exam
ECON 6000: Managerial Economics
QUESTIONS
1. Annual demand and supply for the fitness tracker market (e.g. Fitbit, Jawbone, etc.) is given by:
QD = 5,000 + 0.5 I + 0.2 A - 100P, and QS = -5000 + 100P
where Q is the quantity per year, P is price
Final Exam
ECON 6000: Managerial Economics
Instructions: You will have one week to complete this take-home final exam. You may use any
of the course materials to complete this exam (including the textbook). You may not, however,
seek assistance from any o
MBAE 6865
HW # 3: Theory and Estimation of Production
6.4 Explain why a firms adherence to the Marginal Revenue Product (MRP) =Marginal
Labor Cost (MLC) enables it to find the optimal number of units of a variable input to use
in the short-run production
QUESTIONS
1. Create an X-Y scatter plot (Scatter with only Markers) with total cost on the vertical
axis and output (Q) on the horizontal axis.
2. Using this scatter plot, determine approximately when (i) increasing returns appears to
end and (ii) when di
Excel Demand Estimation Project
ECON 6000: Managerial Economics
100 points
Goal: The purpose of this assignment is to help you better understand demand models and
elasticity. The assignment will walk you through some of the steps involved in demand
analys
Excel Production and Cost Project
ECON 6000: Managerial Economics
100 points
Goal: The purpose of this assignment is to give you a greater understanding of cost functions
AND important cost measures, such as marginal cost and average total cost. You will
Xinyan Ye
MBAE 6865
Homework 2
#1. Create an X-Y scatter diagram (Scatter with only Markers) with price on the vertical axis and
quantity on the horizontal axis.
Price
3.0000
2.5000
2.0000
1.5000
1.0000
0.5000
0.0000
0.0000
200.0000 400.0000 600.0000 800.