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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?
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2.
what is the role of managerial economics in running a business?
Using the discounting principle calculate the present value of an annuity of five years at Rs. 500 payments made at the end of each of the next five years at 10% interest. stion..
Ask question #MinimumElectron Control, Inc., sells voltage regulators to other manufacturers, who then customize and distribute the products to quality assurance labs for their sen
No demand forecasting method is 100% accurate. Collective forecasts develop precision and reduce the probability of huge mistakes. Methods which relay on Qualitative Assessmen
Using the relationship among the price of a visit to a physiotherapist and the quantity of visits demanded, explain and distinguish between the direction, the slope, and the positi
Q. What is Transport and Storage Economies? As the output increases, unit cost of transportation of raw materials, intermediate products and finished products fall. This is for
Q 3. What is Demand Forecasting? Explain in brief various methods of forecasting demand.
Airbus Boeing Demand P = 182.868 - 0.0003Q P = 198.6592 - 0.00013Q TVC Curve TVC = 104.8822Q - 0.001Q^2 + 0
Price Elasticity of Demand Is the responsiveness of the quantity demanded to changes in price; its co-efficient is Pe d = Proportionate change in quantity demanded
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