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1. Some psychologists see people's behavior as determined largely by family history and external environmental conditions. How would "cost" fit into their explanations?
2. Why not base a course on an assumption of widespread "irrational" behavior?
List some advantages and disadvantages of specialization. Does it always make sense to specialize as much as possible? Why or why not? How can managers reduce costs of specialized assignment?The text for this course is Managerial Economics and Org..
The Widget Co. has the following inverse demand curve: p= 970.15-19.27x, where x is the number of units produced and sold. The cost function C(x)= 81.8+ .84x+ 15x^2. Decide the quantity x that maximizes profit.
A gasoline station very near a professional football stadium parks cars on its lot to make money on game days. Last year it charged $4.00 per car and parked 1000 cars. This year it raised the parking price to $5.00 and parked 850 cars. Did the statio..
Suppose that the total benefit and total cost from an activity are, respectively, given by the following equations: B(Q) = 150 + 28Q – 5Q2 and C(Q) = 100 + 8Q. (Note: MB(Q) = 28 – 10Q and MC(Q) = 8.)
a firm has the following short-run production function where l labor and q outputq 10l - 0.5l2suppose that the
Two firms dominate the market for surgical sutures and compete aggressively with respect to research and development. The following payoff table depicts the profit implications of their different R&D Strategies.
as a manager of the wedowell corporation you have negotiated with several vendors and are on the verge of signing an
If the inflation rate is 18%, the nominal rate of interest on the CD is 24%, and the interest is taxable (at a rate of 25%), what is the after-tax real interest rate on the CD? Hint: first calculate the after-tax nominal rate.
The market for Sugar beet is in equilibrium at P = $15 and Q = 229995. The price elasticity of demand is -1. The price elasticity of supply is 0.6. Now assume that the government imposes a quota which reduces supply to 183,996
you are a manager in a perfectly competitive market. the price in your market is 45. your total cost curve is cq 10
1.controlsoft inc. is a supplier of inventory management and control software that is popular with companies in the us.
You are pension fund manager with a problem. You are constrained by regulation to hold 50% of your pension portfolio in shares, but you are very worried about a stock market crash and would like to hold only riskless bonds. You are not constrained..
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