Assessment due: Nov. 13th, 11:59 pm
SECTION OVERVIEW: Chapter 6 concerns the issue of customer responsiveness to price changes, which
economists call demand elasticity. The law of demand suggests an inverse relationship between price
End-of Module Assessment due: Oct. 30th, 11:59 pm
SECTION OVERVIEW: This section (chapters 1 and 2) provides an introduction to the field of
Managerial Economics and to our main object of study, the firm, as well as an introduction t
Module 2 Assignment
Assessment Due: Nov. 6th 11:59pm
SECTION OVERVIEW: Chapters 3 introduces the concept of optimization using marginal analysis,
and chapter 4 describes a quantitative way of determining marginal effects of one variable on
Managerial Use of Accounting Data
Fall, Session AP1, 2016
August 29th to October 15th
Dr. Jo McGee
e-mail: [email protected]
Virtual Office Hours: M-R 9:30-12:00 Central Time
Appointments may be scheduled at other time
Multiple R 0.499898
R Square 0.249898
Adjusted R 0.18989
Standard E 2.336885
F Significance F
2 45.4838 22.7419 4.164395 0.027479
25 136.5258 5.461034
Calculus is useful because it helps us in maximization and minimization. In the
context of this class, we use it because firms are interested in maximizing profits,
revenues, output and/or minimizing costs. Given this, we need to know in what ways to
Price discrimination occurs when a firm
a. charges the same price, but has different costs of producing the same product.
b. charges a different price for the same product based on demand differences.
c. is predjudiced against peopl
Which of the following statements is FALSE?
a. In the short run, a firm can change some but not all of its inputs.
b. A firm plans in the long run and operates in the short run.
c. In the short run all inputs are fixed.
d. In the lo
vi y re
vi y re
Module 4 Assignment
End-of Module Assessment due: Apr. 9th, 11:59pm
SECTION OVERVIEW: Chapters 8 and 9 provide the theoretical analysis of firm production; how
much output the firm is able to produce and at what cost. The cost curves achieve two