Q: 1. The single most important element in managerial economics is the microeconomic theory of the…
A: Managerial economics is regarded as the branch of the economics which generally helps in the…
Q: 5. Personal income will decrease if companies do not distribute profits T True F False
A: The earnings that are not being paid out as dividends to shareholders but are instead being retained…
Q: What are factors contributing to the de-professionalization of teachers? (Education)
A: In the recent years it has been a broad trend in teaching, like many other professions, has…
Q: describe of How managerial economics ( micro economics ) works in our professional life ( real life…
A: Managerial economics: Managerial economics is that branch of economics which emphasizes on all such…
Q: The HR department is trying to fill a vacantposition for a job with a small talent pool.…
A: Type-I error in hiring happens when a good candidate who is most suitable for the position gets…
Q: Which of the following is important in making managerial decisions? PLEASE EXPLAIN A. Analyzing…
A: In economics, managerial decision refers to the decisions that are after analyzing the given…
Q: Are the firms in the housing market operating efficiently in (i) the early 1900s and (ii) presently?…
A: Presented in 1919, the Addison Act made ready for the advancement of council casing in the UK. After…
Q: 1. "Cost accounting is a form of managerial accounting that aims to capture a company's total cost…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: As a manager, what should you do if you need to act on a matter which is beyond your level of…
A: If a certain task or decision is beyond the score of role and responsibility of a manager, she…
Q: dw - Prove that MFC = w+L¬. Explain fully what the equation says.
A: Marginal Factor Cost is defined as the extra cost which is incurred by the monopsonist when he…
Q: (A) Specify the COO's managerial level. (B) Specify the managerial function that the CoO is…
A: A) Higher level of management Top management is the ultimate source of authority and manages the…
Q: 4 The median starting salary for new law school graduates is determined by log(salary) = Bo + B,LSAT…
A: We are going to use classical linear regression model properties to answer this question. Note: As…
Q: When we are discussing Cost Volume Profit analysis how do costs behave? Why is cost behavior…
A: By examining costs behavior and the ways in which costs are predicted, and then we consider the…
Q: 1- "Human resource managers have some distinct functions"
A: The principal functions of HR manager are discussed below: Planning HR Programmes, Procedures etc.:…
Q: Explain the role of the personal selling in the organizational buying behavior. And giving examples?…
A: Personal selling involves selling or convincing a buyer in purchasing a good. It is a promotional…
Q: 8. Suppose a firm is using two inputs, labor and capital. What will happen ifthe priçe óf (labor…
A: The average cost of a firm is the value obtained by dividing the total cost of the firm with the…
Q: 5. Explain the managerial implications of the following figure: LMC LAC D= MR = 17 12 10 20 140 240…
A: Market structure can be classified into four major categories. The four categories are listed below:…
Q: Question 1 You are the human resource manager at a large organization. Each worker in your…
A: A labour market is a gathering place for workers and employers to interact. Employers compete to…
Q: Describe of What utility did we get from managerial economics course?
A: Managerial economics is a branch of management studies that focuses on using macro and microeconomic…
Q: If a firm manager has a base salary of $50,000 and also receives two percent of profits, how much…
A: here we calculate the salary of employee which are as follow-
Q: 1. Auntie Maame Freda runs a big provision shop at Ofanko. Recently, she has noticed a shortage in…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The break-even point occurs when the sales amounted to (123 * 103) dinars. While in normal cases it…
A: Breakeven point sale: 123*103 dinar Breakeven point in normal case: 189*10 dinar Contribution will…
Q: describe of How managerial economics works in our professional life (example please) and personal…
A: Managerial economics is a branch of management studies that focuses on using macro and microeconomic…
Q: 14) What practice best deseribes when divisional managers throughout an organization work together…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: 1) What economic conditions are relevant in managerial decision making?
A: Since you have asked multiple questions, we are answering the first one for you. If you want the…
Q: All workers start working for a particular firm when they are 20 years old. The value of each…
A: The mandatory retirement age is often calculated by considering the accumulated value of the…
Q: 1. Describe the scope of the material Managerial Economics and explain what benefits can be obtained…
A: 1. Concept One such economic notion is managerial economics. It is described as the application of…
Q: 6) Managers may choose to pursue goals other than maximization of a firm's value, This is referred…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: The course addresses four important theories of corporate governance: agency theory, resource…
A: The method through that companies ar directed and ruled is thought as company governance. The…
Q: Find 10 problems related to managerial cost and solve
A: Problem 1-ABC firm has the following cost in production:- direct materials =$4,550,000 direct…
Q: decision making to those in
A: Business decision making depends on the rule that individuals settle on judicious decisions with the…
Q: uPiline profits are strongly correlated with the price of oil. The Following are annual et incomes…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Economics is the discipline that deals with the consequences of resource scarcity. True False
A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…
Q: What is task definition (as a situational variable)?Give an example of how it can influence…
A: Consumer: A customer is an individual or a gathering who means to requests or uses bought…
Q: Calculate the change in the share of employment by education levels between January 1992 and January…
A: The percentage change can be calculated by:
Q: a. Is the change to contract a modification of the contract or a separate contract? b. How should…
A: The change in the contract is a modification of the contract. The recognized income is $740,000.
Q: Prove that APC + APS = 1 how please explain it???
A:
Q: what do you understand by equi marginal principal? explain
A: Equi marginal principal has been explained as follows
Q: If the marginal personal tax rate imposed on interest income paid to bondholders were to increase,…
A: Answer-
Q: The relationship between the concepts and measures of Total, Average, and Marginal is very important…
A: Total cost is defined as the total expenses that a company or firm has to incur in order to produce…
Q: 20. If there are implicit costs of production
A: Economic profit will be lower than accounting profit if there are implicit production costs. Total…
Q: give an example each of firms that you feel have small, moderate and large MES
A: The minimal efficient scale (MES) is the lowest point on a cost curve where a company can create a…
Q: Explain 5 employee attendance problems in an organization
A: Introduction -: The employment contract is an exchange of work for…
Q: Describe the mechanism (words and graph) and explain the economic thrust of the kinked demand curve…
A: Prices and output are unpredictable under an oligopoly. Furthermore, when it comes to pricing…
Step by step
Solved in 2 steps
- QUESTION 2 Mrs Tobani who was earning an annual income of K4,000 decided to go into business in 2014 by investing his capital which was earning a return of K2,400. In 2014 his accounting profit was K6,000. Calculate: -Mrs Tobani’s total opportunity cost. -His economic profit. - A retail store conducted a study of the demand for trousers. It found that the average daily demand (Q) in terms of price (P) is given by the equation.Q = 700 – 5P -How many trousers per day can the store expect to sell at a price of K100 per trouser? -If the store wants to sell 1000 trousers per day, what price should it charge?1. TopGames buys the rights to sell a certain video game title worldwide. top games pay $400,000 for this right and the marginal cost of providing the video game download is zero. TopGames’ economist realizes they have two groups of customers: the 2,000 hard-core fans of this game who will pay up to $150 a year to be able to play this game; and the 10,000 casual gamers who will pay up to $50 a year to play this game. If TopGames can NOT price discriminate, what is its profit-maximizing price? What is its profit? a. Price = $50; Profit = negative $100,000 b. Price = $50; Profit = $300,000 c. Price = $150; Profit = $100,000 d. Price = $150; Profit = $500,0002. TopGames buys the rights to sell a certain video game title worldwide. top games pay $400,000 for this right and the marginal cost of providing the video game download is zero. TopGames’ economist realizes they have two groups of customers: the 2,000 hard-core fans of this game who will pay up to $150 a year to be able to play this…1) What kind of consumer behavior is second-degree price discrimination based on? Need relevant examples. 2) Explain the role of price elasticity of demand in applying third-degree price discrimination.Use appropriate graphs to support the case.
- Assume that a firm accepts the following price_demand relationship as being a realistic representation of its market: d=800-10p where p must be between $20 and$70 a. How many units can the firm sell at the $20 per-unit price? At the $70 per-unit price? b. By how many units does a $1 increase decrease demand? c. Which pricing alternative the business is considering maximizes revenue? Group of answer choices $40 $30 $50Please show work for each so I may better understand for study purposes. Question #1 a. For the following three cases, calculate i: The marginal revenue curve ii: The level of output where MR = MC (i.e., set the equation from item i equal to marginal cost and solve for Q) iii: The profit-maximizing price (i.e., plug your answer from equation ii into the demand curve) iv: Total revenue and total cost at this level of output v: total profit Case A: Demand: P = 40 − Q Fixed cost = 100 Marginal cost = 10 Case B: Demand: P = 100 − 2Q Fixed cost = 100 Marginal cost = 10 Case C: Demand: P = 100 − 2Q Fixed cost = 100 Marginal cost = 20. b. What is the markup in each case? Measure it two ways: first in dollars, as price minus marginal cost, and then as a percentage markup [100 × (P – MC)/MC, reported as a percent c. If you solved part b correctly, you found that when costs rose from Case B to Case C, the monopolist’s optimal price increased....Why didn’t the…4. Continuing with the Table of Certificate Programs, complete the calculations for Total Revenue by determining how many customers will purchase at each of the segment's bundle price. Online Self Certifications for Social Work License Certification in Online Counseling Certification as a Group Home Counselor Bundle Customers TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 a $70 e $260 4a Segment 2 1000 $150 b $90 f $240 4b Segment 3 1000 $95 c $160 g $255 4c Segment 4 1000 $35 d $195 h $230 4d 4a) 4b) 4c) 4d)
- 1.i) Assuming you are the managing director of a firm that produces goods: A,B and C .The price elasticity of demand for A is 1.2, for B it is 1.oo and C is 0.75. It is known that he's firm is experiencing serious cash flow problems and you have to increase total revenue as soon as possible. If you were in a position to set the prices for these goods, what would be your pricing strategy for each product ii) price falls from N$ 16 to N$ 12 per bottle and demand rises from 200 to 300 per bottle.calculate the PED using midpoint formula Output prices average (total)cost Total cost marginal cost Total profit/loss 10 10 -108 20 10 4 -48 30 10 5 3 40 10 6.20 40 50 10 8 60 60 10 10 60 2. i) fill in the gaps ii)in which market structure doess Johnson Electronics (Pty)Ltd operate? iii)what level of output maximizes the firms profitYour manager is only concerned with selling her product for the highest price possible under profit- maximizing conditions. In which of the two markets should she operate? • Market 1: - Demand:Q=100-2P - MarginalCost:MC=15 • Market 2: - Own-PriceElasticity:εQ,P=-2.5Note:Thisimpliestheown-priceelasticityis constant at all points. - MarginalCost:MC=15 a. She should operate in Market 1, as it has the highest profit-maximizing price. b. She should operate in Market 2, as it has the highest profit-maximizing price. c. She is indifferent, as each market has an equal profit-maximizing price.13. What is the maximum profit for the price(s)you listed for Question 12? (Question 12: How much should Frostee's Doggie Donuts charge to maximize its profit?) Answer to Questions 14 and 15 based on the Cost of Goods Sold increases from $3 to $4 due to higher ingredient costs. 14. How much should Frostee's Doggie Donuts charge to maximize its profit based on the above change? 15. What is the maximum profit for the price(s)you listed for Question 14?
- Q2. a) define the income elasticity of demand? b) what is the normal and an inferior good? c) define the cross-price elasticity of demand? d) Compare and contrast monopoly and perfect competition market structures in the Long-run.2. In the problem of double marginalization, the resulting price is ______than if the manufacturer and the retailer were to merge a. Higher b. Lower c. The same d. None of the aboveQuestion #5What is the MC=MR Profit Maximization point? What quantity should Delicious Deserts be producing at 'and' what price should they be charging to maximize their profits? Question #6 Why isn't it a good idea for them to produce and sell as many cakes as they can? Is it more profitable to sell less cakes at this current stage of their business? Question #7Do you have any other recommendations for Delicious Deserts to increase their revenues, profits, market share, and client retention?