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
Search Theory and Unemployment   You must understand the search and matching theories of unemployment in  the context of other theories of unemployment. With this objective  in

The Basis of Wage Claims The union's demand for higher wages is normally based  on one or more of the following four arguments: 1. The cost of living argument This is

Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#

ISOQUANT ANALYSIS In the long run it is possible for a firm to produce the same output using different combinations of two factors of production.  For instance it the two fact


Bank Deposit Bank notes and coins together constitute the currency in circulation.  But they form only a part of the total money supply.  The larger part of the money supply i

Disadvantages of product differentiation   a) Product differentiation generally reduces the degree of competition in the market.  It does this in two ways:          i.

The Microeconomic objectives of government These are the policies which are concerned with the allocation and distribution of resources to maximize social welfare. 1. Allo

Write about International economic integration of the Republic of Moldova

Why do the managers in marris model maximise their satisfaction by choosing a higher growth rate and a lower valuation ratio when compared to the profit maximisation