MGMT 650 Management Science and Decision Analysis
Final Preparation Guide
1. Key concepts of chapter 3
a. Sensitivity Analysis; Interpreting Management Scientist output reports
i. Range of optimality
ii. 100% rule
iii. Range of feasibility
iv. Dual price
Assignment Two, Micro - 5, 6, 7
Multiple Choice
Identify the choice that best completes the statement or answers the question.
_
1.
Economists have devised measures of how much consumers alter their purchases in response to
price changes. These measures a
1. Calculate Net exports
Net Exports:
Total Exports
Total Imports
Net Exports
$
200
200
0
2. Calculate GDP
GDP Calculation:
Personal Consumption Expenditure
Govt Expenditure and Investment
Gross Private Domestic Investment
Business Fixed Investment
Change
Name:
Email:
ECO-201 Principles of Macroeconomics
Lesson 5 Measuring Economic Growth
Questions 25 Points
For each question, type the ONE best answer below.
Note: By selecting Window>Split, you can keep the answer sheet in the upper pane as you
scroll th
Work Environment
Statement
The physical aspects of a workplace environment can have a direct impact on the
productivity, health and safety, comfort, concentration, job satisfaction and morale of
the people within it. Important factors in the work environm
1. Now consider the following model and answer related questions.
Y = C + I + G + X - IM
C = 49 + 0.9DI
I = 300 - 2000r
G = 800
T = 10 + 1/3(Y)
X - IM = 60
a. If fed decides to set the interest rate at r = 0.05, how much will be the
equilibrium GDP?
b. At
DEREE COLLEGE
DEPARTMENT OF ECONOMICS
EC 1101 PRINCIPLES OF ECONOMICS II
FALL SEMESTER 2002
M-W-F 13:00-13:50
Dr. Andreas Kontoleon
Contact: a.kontoleon@ucl.ac.uk
Office hours:
Wednesdays
15:00-17:00
Homework for Chapter 8
(Answer Sheet)
1. Suppose an eco
Sub: Economics
Topic: Micro Economics
Question:
price discrimination by an airline
ClassOf1 provides exert guidance for College, Graduate and High school homework and live online
tutoring on subjects like Finance, Marketing, Statistics, Economics and othe
ASSIGNMENT 1
JAN 2013 SEMESTER
SUBJECT CODE
:
MPP636
SUBJECT TITLE
:
PURCHASING AND PROCUREMENT
MANAGEMENT
LEVEL
:
MASTERS LEVEL
STUDENTS NAME
:
MATRIC NO.
:
PROGRAMME
:
ACADEMIC FACILITATOR
:
LEARNING CENTRE
:
INSTRUCTIONS TO STUDENTS
1) This assignment
EXAM (ANSWERS)
Name of subject:
Macroeconomics for EOR
Subject code:
35B101
Date of examination:
22 October 2012
Length of examination:
180 minutes (3 hours)
Lecturers:
i.m.vdnbijgaart@uvt.nl
h.a.a.verbon@uvt.nl (phone 2878)
Telephone number of department
Economics 104 (M. Bahmani)
Fall 2014
Take home Problem Set # 3
Direction: Please return your answers to the following problems to your own TA during the
week of December 8th. Your TA is instructed to provide the answers during the same week.
This problem
Recitation #5
1.
The following information is given for the market for fire extinguishers (FE). Assume each buyer is allowed
to only buy one FE and that each seller is allowed to only sell one FE. The buyer value represents the most
that the given buyer i
PUBLIC SECTOR REFORM AND ISSUES IN PRIVATISATION
By
+*
Rakesh Mohan
+The views expressed in
this paper are those of
the author and may not
be attributed to the
Government of India
*Economic Adviser to the
Government of India
Ministry of Industry
Udyog Bha
SS
Price of bottled water
SS
P1
P0
E1
E0
DD
DD
Q0
Q1
Qd/Qs for Bottled Water
Consequent upon the expansionary monetary policy the Federal Reserve will start buying securities from
A
the market to increase the money supply of the nation. Therefore the supp
Good 2
Slope = -1
IC
Good 1
Slope of indifference curve =-MU1/MU2
MU1 =dU/dx (Note that this is partial derivative)
= d (x+ y)3/dx
=3(x+y)2 *(1+0)
=3(x+y)2
MU1 =dU/dy
=3(x+y)2*(1+0)
3(x+y)2
Slope =-3(x+y)2) /3(x+y)2
=-1
L = p1x1 + p2x2 + [u x11/3-x22/3 ]
The minimum wage, if set above the market wage rate would benefit the laborers as the wages would be
more than what they were supposed to get (in our graph, 7.39>6.02). Due to this minimum wage policy
by the government the demand for labor in the market w
The importance of organizational values has grown in todays modern era than ever before.
Organizational values inspire employees as well as costumers of the organization.
Organizational values are the best marketing tool as these positively impact the
org
We know that aggregate income of a closed economy is equal to the sum of consumption expenditure of
households, Gross Investments in the economy and the government expenditure.
Y=C+I+G
(C= c0 + c1YD)
Where c0 is autonomous consumption or the level of cons
1
3rd edition, July 2011
Eric Doviak
Economic Growth and
Economic Fluctuations
on
Lecture Notes
Preface
In 1961, Pres. John F. Kennedy proposed substantial cuts in personal and corporate taxes. When a reporter
asked why, he replied:
To stimulate the econo
Lectures, 4
THE FACTOR ENDOWMENTS THEORY
The factor endowments theory (a.k.a. Heckscher-Ohlin theory, and the Modern Theory of
International Trade) is a modern extension of the classical approach and attempts to explain the
pattern of comparative advantag
5
The Solow Growth Model
5.1
Models and Assumptions
What is a model? A mathematical description of the economy.
Why do we need a model? The world is too complex to describe it in
every detail.
What makes a model successful? When it is simple but eectiv
EC 349
International Finance
Instructor: Sharif F. Khan
Department of Economics
Wilfrid Laurier University
Fall 2008
Suggested Solutions to Assignment 2 (Optional)
Total Marks: 100
Part A
True/ False/ Uncertain Questions
[40 Marks]
Explain why the followi
Short Run Cost Functions
In the short run, one or more inputs are xed, so the rm chooses the variable inputs to minimize the cost of producing a given amount of output. With several variable inputs, the procedure is the same as long run cost minimization.
Present Value of a Dam
Notes on Solution
5,000,000 per year starting immediately
Annual construction cost
Years to build:
5
Annual benefits
5%
Interest rate
3,000,000 per year starting after 5 years (eg, in year 5)
3
1
5
5
2
5
3
5
3
3
5
0
3
6
7
8
4
foreve
(a)
Given information
Qd = 100-P
Qs = -50+2P
For equilibrium we equate Qd and Qs
That is
100-P = -50+2P
3P = 150
P* = 50
Now put value of P into Qd = 100-P or Qs = -50+2P
Qd = 100-50
Q*=50
(b)
Consumer surplus = *50*50
=1250
Producer Surplus = * 25*50
=62
3.3. Stackelberg Model
Matilde Machado
Slides available from:
http:/www.eco.uc3m.es/OI-I-MEI/
1
3.3. Stackelberg Model
2-period model
Same assumptions as the Cournot Model except that
firms decide sequentially.
In the first period the leader chooses its q