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Explain the availability, representativeness, and affect heuristics. In your answer, compare the three and discuss the positive and negative aspects of each.
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Discuss the rationale of managerial economics
1.Why are both the price elasticity of demand and the price elasticity of supply likely to be greater in the long run?
1.For what possible reasons may one country experiences a persistently faster rate of economic growth than another?
Managerial economics bridges the gap between economic theory and practice
Calculate the profit-maximizing price and quantity of output and economics profits if MicroChip acts as a monopolist and calculate the price/output combination and total economic profits that would result.
What is the total cost of producing the quantity of tires you found in your answer to question 5-23(a)? And the average cost?
Provide examples with your evaluation and use graphics such as charts, when applicable.
Graph the demand and supply functions for sweatshirts and find the equilibrium price and quantity - what effect will an increase in the price of gym shoes (a complement) have on the equilibrium price and quantity of sweatshirts, all else constant?
The article should be written for a public audience, not in an academic journal.
Ccompute the beta of the firm if the risk-free rate is 4%, and the market rate of return is 14 percent.
Analyse the months and times of peak and off-peak energy use. Using some of the DSM options and techniques discussed in this week, provide a proposal for the management of peak and off-peak energy consumption for existing rooms in a 1980s concrete..
If PB increases to $3 with all other variables held at their initial values, QA becomes 16. What is the corresponding cross-price arc elasticity of demand?
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