BMA5001 Managerial Economics Sem I‚ 2012/2013 ANSWER KEYS TO MIDTERM EXAM QUESTION I (4x10 = 40 marks) Choose the most correct answer for each of the following ten multiple choice questions. Note: No explanation is required. Please answer in the order of the questions. 1. Ceteris paribus‚ which of the followings would shift the demand curve for new textbook to the right? a. b. c. d. e. f. An increase in the price of the textbook; An increase in the supply of equivalent used textbooks;
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ECO 550: Managerial Economics and Globalization Assignment #2 1. Office building maintenance plans call for the stripping‚ waxing‚ and buffing of ceramic floor tiles. This work is contracted out to office maintenance firms‚ and both technology and labor requirements are very basic. Supply and demand conditions in this perfectly competitive service market are: QS = 2P - 20 | (Supply) | QD = 80 - 2P | (Demand) | Where Q is thousands of hours of floor reconditioning per month and
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By-AMIT MUKHERJEE Roll No-10(PGDM-A) Index Introduction……………………………………………………………3 Compliments and Substitutes available for Nokia mobiles………4 Market share of Nokia in India………………………………………7 Demand of Nokia phones……………………………………………8 Supply curve for Nokia in India……………………………………...9 Factors affecting Supply of Nokia in India………………………...10 Macro-Economic Factors affecting Demand of Nokia in India……………………….............................................................11 Future demand of Nokia’s mobiles………………………………
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Ice-Fili (АЙС-θИЛИ) You cannot defeat a nation that enjoys ice cream at minus 40 Celsius. — Winston Churchill To survive in Russia’s ice cream industry during the 11 years since the collapse of the former Soviet Union was no small feat (see Exhibits 1 and 2). To be successful in these turbulent times was nothing short of amazing to industry observers. In 2002‚ Ice-Fili‚ a midsized Russian company with more than $25 million in sales‚ was Russia’s top ice cream producer. Surprisingly‚ it had
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Dominican Republic’s chief exports are worth $6.161 Billion‚ their export goods for example are; ferronickel‚ sugar‚ gold‚ silver‚coffee‚ cocoa‚ tobacco‚ meats‚ and consumer goods. Their economic structure revitalizing the political momentum for deeper institutional reform remains critical to long-term economic development. Further progress on structural reform has become challenging. The Dominican Republic is mountainous in the central and west‚ while extensive lowlands dominate the southeast.There
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OF PRICING STRAGETIES IN MARKET STRUCTURES THE IMPORTANCE OF PRICING STRAGETIES IN MARKET STRUCTURES Yvette Daniels American Public University Systems October 15‚ 2011 The importance of pricing strategies is different depending upon the type of market structure because each market structure has special components that affect the pricing schema and determination of output. Although the pricing strategies are different‚ it is highly important for a select market structure to choose the optimal pricing
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Module 1 Food Microbiology Sanitation and Safety WHAT IS Food Sanitation? Food sanitation is more than just Cleanliness. It includes protecting food in the ff. • Contamination • Harmful bacteria • Poisons • Foreign bodies The primary tenet of food service sanitation Is absolute cleanliness. Definition of terms commonly used Acidity = measured on a pH scale from 0 to 14.0 Additive = a chemical added to food Bacterium = a single-celled organism Contamination = unintended presence
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CHAPTER 2 ECONOMISTS’ VIEW OF BEHAVIOR CHAPTER SUMMARY This chapter uses the cheating scandal at Merrill Lynch to illustrate how a manager’s view of behavior can affect decision making. It summarizes the economic view of behavior and contrasts it with other views. The chapter presents a graphical analysis of utility maximization and decision making under uncertainty. The concepts in this chapter are an important foundation for subsequent material in the book. CHAPTER OUTLINE ECONOMIC BEHAVIOR:
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?Economics is a social science that mainly focuses on different fields of knowledge dealing with the proper distribution‚ allotment‚ production and consumption of resources. Economics has been divided into two significant branches; one of it being the microeconomics and the other one being the macroeconomics. Microeconomics can be easily understood through the term micro itself which means small‚ microeconomics focuses on small level that is to say it includes areas of individual decision making
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VIDEO CASE 1 . Is Peet’s market monopolistic or an oligopoly? An oligopoly 2. What are some ways that Peet’s Coffee & Tea tries to differentiate its product offering? Offering free samples and educating their customers about their products. The Peetniks Program. 3. What consumer needs is Peet’s satisfying? The need to feel a part of special group. The need to feel like an informed consumer. KEY TERMS free enterprise - an economic system with few restrictions on business ownership
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