Name: Bundle: Managerial Economics, 4th + Mindtap Economics, 1 Term (6 Months) Access Code
Author: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
ISBN: 9781305618572

Chapter 1 - Introduction: What This Book Is About Chapter 2 - The One Lesson Of Business Chapter 3 - Benefits, Costs, And Decisions Chapter 4 - Extent (how Much) Decisions Chapter 5 - Investment Decisions: Look Ahead And Reason Back Chapter 6 - Simple Pricing Chapter 7 - Economies Of Scale And Scope Chapter 8 - Understanding Markets And Industry Changes Chapter 9 - Market Structure And Long-run Equilibrium Chapter 10 - Strategy: The Quest To Keep Profit From Eroding

Chapter 11 - Foreign Exchange, Trade, And Bubbles Chapter 12 - More Realistic And Complex Pricing Chapter 14 - Indirect Price Discrimination Chapter 15 - Strategic Games Chapter 16 - Bargaining Chapter 17 - Making Decisions With Uncertainty Chapter 18 - Auctions Chapter 19 - The Problem Of Adverse Selection Chapter 20 - The Problem Of Moral Hazard Chapter 21 - Getting Employees To Work In The Firm’s Best Interests Chapter 22 - Getting Divisions To Work In The Firm’s Best Interests Chapter 23 - Managing Vertical Relationships

Book Details

Teach your MBA students how to use economics most effectively to solve today's business problems with this breakthrough text. Froeb/McCann/Ward/Shor's MANAGERIAL ECONOMICS, 4E covers traditional material using a problem-based approach built around common business mistakes. Models are used sparingly, and then only to the extent that they help students determine why mistakes are made and how to fix them.

Sample Solutions for this Textbook

We offer sample solutions for Bundle: Managerial Economics, 4th + Mindtap Economics, 1 Term (6 Months) Access Code homework problems. See examples below:

The compensation cap refers to the maximum limit on the salary paid. The compensation cap encourages...Chapter 2, Problem 1MC Accounting profit refers to the excess revenue after subtracting the total cost from the total...Option (c) In economics, the term ‘marginal’ refers to an additional cost, revenue, benefit, or...Option (c) The break-even point refers to a point in the level of operations at which a company...Option (d) As per the law of demand, a decrease in the price of a product will increase its demand....The cost of producing these two goods together is less than the total cost incurred for producing...When there is a change in the price, it leads to a movement in the demand and supply curve. Thus,...In the long run, firms produce according to the market situations. This would eliminate the excess...

All the firms that produce substitute goods are called industry. Thus, option ‘d’ is correct.The equilibrium exchange rate occurs at the point where the demand for dollar and supply of dollar...When the promotion makes the demand for a particular good less elastic, then the increase in the...When the advanced version is available with the same price as the old version, selling only the old...Since the players do not know their rivals’ action, it is a simultaneous game. Thus, option ‘b’ is...The tools of threat or commitment are effective as long as a person believes the other person. Thus,...The expected value of guessing (EG) can be calculated as follows:...In the second price auction, the optimal strategy of bidding should be equal to the person’s value...Since it is not possible to identify the reckless doctor, the insurance premium price should be...Moral hazard refers to changes in the behavior of people after they have entered into a transaction...The work is assigned by the laptop owner. Thus, the laptop owner is the principal and the person who...When there is an incentive conflict among two divisions, it leads to reduce the profit of the firm....The sales price of the firm would lie in the range of actual and expected worth. Hence, the price...