Week 6 Chapters 11& 12
ECC 550
Week 6 Chapter 11
Question 2
Ajax Cleaning Products is a medium sized firm operating in an industry dominated by one large
firm Tile King. Ajax produces a multi-headed tunnel wall scrubber that is similar to a model
produced

Julias Food Booth 1
Quantitative Methods - MAT540
Case Analysis Paper
Friday Night Lights
Student Name
Date
Professor _
Strayer University
Parameters/Background
Sam Allen is a parent of several students at Mattson Area High School in a small
community sou

Managerial Economics
Homework Chapter 1
Homework Week 1, Chapter 1
Question 2
Several dimensions of the principal-agent problem would be that there are two common
factors involved, the first would be inherent un-observability of managerial effort and the

Homework Week 7
Chapter 13 & 14
Chapter 13
Question 2
Consider the following payoff matrix:
Player B Strategy
1
2
P
L
A
$1,000
Y
-$2,000
E
R
A
$2,000
-$1,000
S
T
-$1,000
R
$2,000
A
G
Y
-$2,000
$1,000
A. Does Player A have a dominant strategy? Explain why

Chapter 11 and 12 Week 6 Check Your Understanding
Chapter 11
2. Ajax Cleaning Products is a medium-sized fyesirm operating in an industry dominated
by one large firm - Tile King. Ajax produces a multi-headed tunnel wall scrubber that is
similar to a model

Chapter 9 and Chapter 10 Week 5 Check Your Understanding
Chapter 9
3. A study of the costs of electricity generation for a sample of 56 British firms in 1946
1947 yielded the following long-run cost function: 16
AVC = 1.24 + .0033Q + .0000029Q2 .000046QZ

Week 5 Check your Understanding
Managerial Economics
Chapter 9
Question 3.
A study of the costs of electricity generation for a sample of 56 British firms in 1946-1947
yielded the following long run cost function
AVC = 1.24 + .003Q + .0000029Q2 -.000046 -

Managerial Economics
Chapter 7
Question 1 *See Excel Doc.
Question 6.
Consider the following short-run production function (where L = variable input, Q = output)
Q=10 L0.5 L2
Suppose that output can be sold for$10 per unit. Also assume that the firm can o

Managerial Economics
Chapter 5 & 6
Chapter 5
Question 1
A. If Y = 11,000, Z = 12,000 and P = 20,000 what value would you predict for S?
11,000 x 12,000
S=100
a.
= 66,000
20,000
B. What happens if P is reduced to $17,500?
b.
S=100
11,000 x 12,000
=75,429
1

Week 2
Chapter 4
Chapter 4
Question 5
Demand function:
QD = 6,280 P2.15 A 1.05 N 3.70
QD = Quantity demanded, in 10oz boxes
P = Price per Box, in Dollars
A = Advertising expenditures on daytime television, in dollars
N = Proportion of the population under

Managerial Economics
Chapter 3
Chapter 3 Question 3
The Olde Yogurt Factory has reduced the price of its popular Mmmm Sundae from $2.25 to
$1.75. As a result, the firms daily sales of these sundaes have increased from 1,500/day to
1,800/day. Compute the a

Managerial Economics
Chapter 2
Chapter 2
Question 1
The equation that determines demand is Q d =f (P , M , P R ,T , P e , N) . For a Toyota Prius, customers
are willing to buy it when it first comes out because it is new and ecofriendly, as newer and less

Question 1
3 out of 3 points
A Real Option Value is:
Answer
Selected
Answer:
An opportunity to implement a new cost savings or revenue
expansion activity that arises from business plans that the
managers adopt.
Correct
Answer:
An opportunity to implement

Chapter 16Monopoly
TRUE/FALSE
1. In terms of the number of firms in an industry, monopoly is at the other end of the spectrum from
perfect competition.
ANS: T
PTS: 1
2. As long as market demand curves are downward sloping, the demand curves faced by monop

Homework Chapter 16
Mary K. Smith
Chapter 16 Question 4
What are the incentives to innovate for a monopoly firm as compared with a firm in a
competitive market if patent protection is not available?
There are different concepts for this question, in a sec