Concepts of elasticities in making decisions, Managerial Economics

Question 1:

"Anyone who is willing to learn the language of economics and take the time to practice making decisions can learn to be an effective manager." Explain how.

Question 2:

The management board wishes to investigate the demand for powdered milk in Mauritius.

(a) What do you consider to be the most important factors affecting the demand for milk?

(b) Explain how the various concepts of elasticities can assist in making decisions?

Question 3:

Discuss the factors influencing the decisions to enter the market of a product with which you may be familiar.

Question 4:

"Collusion is the likely outcome in every oligopolistic industry". Discuss.

Question 5:

"Profit is maximised when marginal revenue is equal to marginal cost. This must be the only way to reap maximum profit." Do you agree? Use examples to illustrate.

Question 6:

Describe why government intervenes and how these affect managerial decisions?

Posted Date: 11/27/2013 2:36:23 AM | Location : United States







Related Discussions:- Concepts of elasticities in making decisions, Assignment Help, Ask Question on Concepts of elasticities in making decisions, Get Answer, Expert's Help, Concepts of elasticities in making decisions Discussions

Write discussion on Concepts of elasticities in making decisions
Your posts are moderated
Related Questions
“Managerial economics involves use of economic analysis to make business decisions involving the best use of a firm’s scarce resources” Explain the statement with suitable example.

Imagine of these concepts (markets, elasticity, production, costs, market structures).  Take one or two of those concepts and use it to examine and understand economic situations o

Write on one theory of profit. Profit as rent of ability: one of the most widely known theories of profit was propounded by F.A. Walker. According to him profit is the rent of is t

Model Specification   We proceed with the model specification in the following steps. 1)  The economy is composed of competitive firms (F  in number) and identical workers

Q. Explain the Efficiency wage model? Efficiency wage models such as Shapiro and Stiglitz (1984) suggest wage rents as an addition to monitoring, because this gives employees a

Keynes Theory Keynes views about trade cycle entitled notes on the trade cycle of his classic the general theory of employment interest and money published in 1936. Although K

Question 1: (a) Briefly explain and distinguish between a centrally planned, laissez-faire and mixed economy. (b) According to you, which kind of economic system is most d

TYPES OF BUDGETS 1.     Deficit budget   If the proposed expenditure is greater than the planned revenue from taxation and miscellaneous receipts, this is a budget defic

Explain the Theory of Production Cost and Production analysis is central for the unhampered functioning of the production process and for project planning. Production is an e

Disadvantages of Perfect Competition There is a great deal of duplication of production and distribution facilities amongst firms and consequent waste. Economies of sc