MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 18
OPTIMIZATION
TECHNIQUES
FUNCTIONAL RELATIONSHIPS
Q = f (P).
Q is the number of units sold, and P is the Price.
Equation
E conomics 4140 / 5 1 4 0
2013,
Managerial Economics
Homework #2
Due: Feb. 11,
11:59 p.m.
Please type your answers. Put your Excel graphs into the Word docu me n t.
Then convert itinto one pdf docume n t before uploading itto turnitin.com.
1)(20 points)
Your Name (Last, First): _
Econ 4140/5140 Managerial Economics
Instructor: Dr. Michael Nieswiadomy
Homework #1
Due date: January 30, 2013 11:59 pm.
Show your work. Answer 100 points worth of questions. Please type your answers.
Assemble all of your homewo
Dr. Nieswiadomy
4140/5140
1. E
2. B
3. B
4. C
5. E
6. C
7. B
8. E
9. A
10. C
11. D
12. E
13. B
14. A
15. D
16. B
17. B
18. A
19. A
20. D
21. A
22. B
23. A
24. C
25. C
26. C
Feb. 20, 2012 Exam 1 Key
27. A
28. D
29. B
30. C
31. A
32. B
33. E
34. A
35. D
36.
Econ 4140/5140 Managerial Economics
Homework 6
Dr. Michael Nieswiadomy
Due date: April 25, 2013 11:59 pm
100 points. Create a neat pdf document before uploading it to turnitin on Blackboard.
Show your work.
1) (25 points) Airline Overbooking Problem. The
Econ 4140/5140 Managerial Economics
Homework 5
Dr. Michael Nieswiadomy
Due date: April 18, 2013 11:59 pm
Show your work.
100 points. Create a neat pdf document before uploading it to turnitin on Blackboard.
1) (20 points) In the transfer pricing graph bel
Figure 8.11 3rd Degree Price Discrimination
Figure
$P
A Domestic Market
$P
$P
B Foreign Market
C
461
Sum of Marginal
revenue
295
Demand
198
165
Marginal
Cost
Demand
125
0
7.13
9.1
12.5
MR
25
0
5.5
15
30
0
7.13
MR
Millions of Television Sets per Year
Sourc
MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 7
PERFECT COMPETITION
OBJECTIVES
Explain how managers should respond to
different competitive environments (or
market structu
MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 9
MANAGERIAL USE OF
PRICE DISCRIMINATION
OBJECTIVES
Objectives
Explain how managers use price
discrimination to increase pro
MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 11
OLIGOPOLY
OBJECTIVES
Explain how managers of firms that operate in
an oligopoly market can use strategic decision
making t
Econ 4140/5140 Managerial Economics
Homework #6
Dr. Michael Nieswiadomy
Due date: March 27, 2016 11:59 pm
100 points. Create a neat pdf document before uploading it to turnitin on Blackboard.
Show your work.
1) (25 points) Price discrimination. In the spr
Econ 4140/5140
Managerial Economics
Hwk 4
Due: February 21, 2016
Dummy Variables
With Excel's regression feature, use quarterly dummy variables to estimate
the regression equation using a lineartime trend. Show your regression
results. Forecast the sales
Econ 4140/5140 Managerial Economics
Homework #4
Dr. Michael Nieswiadomy
Due date: April 9, 2013 11:59 pm
100 points. Create a neat pdf document before uploading it to turnitin on Blackboard.
Show your work.
1) (20 points) Price discrimination. In the spri
MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 16
ADVERSE SELECTION
OBJECTIVES
Explain how managers can use their
informational advantage to increase
performance and how ma
MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 15
PRINCIPALAGENT
ISSUES AND
MANAGERIAL
COMPENSATION
PRINCIPALAGENT ISSUES
PrincipalAgent Issues: When managers
(agents) make
Econ 4140/5140 Managerial Economics
Homework 7
Dr. Michael Nieswiadomy
Due date: May 2, 2013
1) (20 points) Donald Krump is indifferent between receiving $10 for certain and a
gamble where there is a 90% chance of losing $10 and a 10% chance of gaining $2
Managerial Economics
(Econ 4140/5140)
Professor Michael Nieswiadomy
Appendix A. Technological Change and Industrial Innovation
1.
Introduction
a. Standard of living is tied to labor productivity. U.S. labor productivity annual growth rate
dropped from 2.2
Appendix B: Business & Economic Forecasting
Introduction- the importance of
forecasting
Sales forecasts: affect raw materials order,
hiring decisions etc.
Survey Techniques
Prominent Surveys
U.S Department to Commerce
Federal Reserve Bank of Philadel
Econ 4140/5140
Managerial Economics
1. C
2. B
3. A
4. A
5. C
6. D
7. A
8. D
9. A
10. C
11. A
12. D
13. D
14. C
15. C
16. C
17. E
18. C
19. D
20. D
21. B
22. C
23. B
24. A
25. E
26. A
27. C
Final Exam Key
Version A
May10, 2012
28. C
29. B
30. B
31. E
32. C
Econ 4140/5140
Managerial Economics
Homework #3
Due Feb 15, 2013
Regression Problems
1) (10 points) Estimate the values of a & b using the formulas in text and using the
regression tools in Lotus or Excel. Show your results. Verify that they are the same.
MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 1
INTRODUCTION
OBJECTIVES
Provide a guide to making good managerial decisions.
Use formal models to analyze the effects of m
MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 2
DEMAND THEORY
OBJECTIVES
Explain the importance of market demand in the
determination of profit.
Understand the many facto
MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 4
ESTIMATING DEMAND
FUNCTIONS
THE IDENTIFICATION PROBLEM
Task of estimating the demand curve
Difficult, since both demand an
MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 5
PRODUCTION THEORY
OBJECTIVES
Explain how managers should determine the
optimal method of production by applying an
understa
MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 6
THE ANALYSIS OF
COSTS
OBJECTIVES
Explain how managers can use their
knowledge of the relationship between
costs and output
MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 12
GAME THEORY
MAKING STRATEGY AND GAME THEORY
Strategic managerial decisions: Characterized
by interactive payoffs in which
MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 13
AUCTIONS
OBJECTIVES
Explain how managers can apply game
theory to the analysis of auctions
Describe the importance of auc
MANAGERIAL ECONOMICS:
THEORY, APPLICATIONS, AND CASES
W. Bruce Allen | Neil A. Doherty | Keith Weigelt | Edwin Mansfield
Chapter 14
RISK ANALYSIS
OBJECTIVES
Explain how managers should make
strategic decisions when faced with
incomplete or imperfect infor