Econ 510 Spring 2016
Following questions are for your practice. Please practice it. If you have questions, feel free to stop by
my office during my office hours, or during and after class.
Practice Questions from Chapter 5
1. Suppose the production functi
Econ 510, Spring 2016
Homework #3
DUE: May 4, 2016 (W) at the beginning of the class
1.
[Total: 11 points]
You are the manager of a monopoly that faces a demand curve described by P = 230 - 20Q. Your
costs are C = 5 + 30Q. The profit-maximizing price is:
Problem 2:
Suppose currently, labor costs are $10 per hour while capital costs are $100 per hour. Also
assume that your firms production function is given by the following:
Q 18 K 0.33 L0.67
a. Write out the marginal product of capital and the marginal pr
Problem 1:
The manager of a national retailing outlet recently hired an economist to estimate the firms
production function. Based on the economists report, the manager now knows that the firms
production function is given below and that capital is fixed
Format:
1.5 spacing
Times New Roman
12 pt. Font
Text Justified [left align, right align, center, justified]
References Mandatory
Quantitative analysis
Graph
Data
SWOT
Content:
I.
II.
III.
IV.
V.
Introduction
A. Company profile
B. Company history
Tesla Motors
I.
Competitors
A.
B.
C.
D.
E.
F.
G.
II.
Substitutes
A.
B.
C.
D.
E.
F.
III.
Hybrids
Flex Fuel
Hydrogen
Diesel
Compressed Natural Gas
Mass Transportation
Complements
A.
B.
C.
IV.
Ford
General Motors
Honda
BMW
Audi
Mitsubishi
Nissan
Government t
Econ 510, Spring 2016
Homework #2
DUE: April 18, 2016(M) at the beginning of the class
[Total : 11 points]
1. Suppose earnings are given by E = $50 + $20(24 - L), where E is earnings and L is the
hours of leisure. What is the price to the worker of consum
Practice Questions from Ch 8
Econ 510, Spring 2016
1. You are the manager of a monopolistically competitive firm. The present demand curve you face is P =
100 - 4Q. Your cost function is C(Q) = 50 + 8.5Q2.
a. What level of output should you choose to maxi
Louisiana Tech University
Econ 510: Managerial Economics Syllabus
Spring 2016
Professor:
Office:
Office Hours:
Dr. Menuka Karki
COBB 331
Monday, Wednesday and Friday:
Phone:
Email:
Class time:
Classroom:
2572917
[email protected] (email is the best way to
ALEX WOODWARD
ABDUL AINOUSAH
SHANE INGRAM
Background and History
Founded in 2003 by Martin Eberhard and Marc Tarpenning
Elon Musk led the Series A round of investment in February
2004 and joined its board of directors as chairman
After the financial cr
Econ 510, Spring 2016
Homework #1
DUE: March 30, 2016(W) at the beginning of the class
1. A firm will have constant profits of $100,000 per year for the next four years, and the interest
rate is 6 percent. Assuming these profits are realized at the end of