UNIVERSITY MALAYSIA Managerial Economics Assignment QUESTION 1 A certain production process employs two inputs labor (L) and raw materials (R). Output (Q) is a function of these two inputs and is given by the following relationship: Q = 6L2 R2 - 0.10L3 R3 Assume that raw materials (input R) are fixed at 10 units. (a) Determine the total product function (TPL) for input L. (2 marks) (b) Determine the marginal product function for input L. (2 marks) (c) Determine
Premium Marginal cost Variable cost Fixed cost
Ethical Perspective The ethical perspective of an individual has a profound affect on how he lives his life. Ethical perspective can be that of character‚ obligation‚ results‚ or equity; or C.O.R.E.. An individual may fall into one of these perspectives or may be blended between two or more. An individual’s ethical perspective can be reflected in the culture of their organization and determines how they handle ethical situations on a daily basis. My personal ethical perspective is substantially
Premium Ethics Morality
Valuation and Capital Budgeting for the Levered Firm Adjusted Present Value 17.1 Honda and GM are competing to sell a fleet of 25 cars to Hertz. Hertz fully depreciates all of its rental cars over five years using the straight-line method. The firm expects the fleet of 25 cars to generate $100‚000 per year in earnings before taxes and depreciation for five years. Hertz is an all-equity firm in the 34-percent tax bracket. The required return on the firm’s unlevered equity is 10 percent‚ and
Premium Net present value Cash flow Internal rate of return
Part 1 Extended Response Psychoanalytic is the perspective that childhood sexuality and unconscious motivations influence personality. It is accountable for the development of an introverted or extroverted type of personality because if a person is unconsciously aware of their actions then it’s possible they do not have a lot of control over certain behaviors such as greed or pride. Also when someone becomes fixated on any of the psychosexual stages then it can alter behaviors and will affect
Premium Psychology Personality psychology Developmental psychology
Chapter 14 DEVELOPMENT PERSPECTIVE While enunciating a development perspective for Punjab‚ an essential prerequisite is to spell out a vision for the state – the kind of economy‚ society‚ polity‚ ecology and ideology envisaged for it‚ over a given period of time. This style of dealing with the issue is strikingly different from the usual style wherein the future agenda is set in the light of the evolving scene‚ particularly with reference to problems that have emerged on the way. The intention
Premium World population Economics Unemployment
COMMUNICATION MODULE 5 CASE METHOD OF LEARNING Chaitra Bocheer K S MBA Dept. BIT 1 CASE: A case is a written account of real or simulated managerial problems‚ dilemmas & situations calling for solutions. Analysis of cases is an exercise in critical understanding of concepts & causes of problems & events. Chaitra Bocheer K S MBA Dept. BIT 2 UNDERSTANDING THE CASE METHOD • • A good case study is based on critical management issues faced by organizations. It does not focus on personal
Premium Bar chart Chart Case study
Chapter 5: Cost Behavior: Analysis and Use As we shall see in later chapters‚ the ability to predict how costs respond to changes in activity is critical for making decisions‚ controlling operations‚ and evaluating performance. Three major classifications of costs were discussed in this chapter—variable‚ fixed‚ and mixed. Mixed costs consist of variable and fixed elements and can be expressed in equation form as Y = a + bX‚ where X is the activity‚ Y is the cost‚ a is the fixed cost element‚ and
Premium Variable cost Costs
Chapter 1 Introduction to Psychology introduces and explains the roots of psychology. The learning outcomes of this chapter are: the subfields of psychology‚ working‚ the roots‚ today’s perspectives‚ key issues and controversies‚ the future‚ the scientific method‚ psychological/ descriptive/ and experimental research. The Subfields of Psychology: Family Tree explains behavior and health. The Biological foundation of behavior is Behavioral neuroscience which examines how the brain and the
Free Psychology Scientific method
USHCS Perspectives: A Structured Stakeholder Analysis National Council for Behavioral Health University of Maryland University College (UMUC) USHCS PERSPECTIVES: A STRUCTURED STAKEHOLDER ANALYSIS NATIONAL COUNCIL FOR BEHAVIORAL HEALTH This paper will provide an overview of a stakeholder in the U.S. Health Care Sector as well as identify the stakeholder organization’s perspective and then describe the leadership and management in this organization. The National Council for Behavioral
Premium Health care Medicine Health
company but now to innovate and still be on the top of the best companies they have to move to open innovation. They changed Merv Turner who was the chief strategy officer with Mr. Cuong Viet Do from TE Connectivityin 2011. (That is good‚ new perspective from outside) Make a little comparison between open and closed innovation Merck merged strategically with SP precisely because both firms enhanced each other’s portfolio weaknesses To streamline operations‚ reduce cost structure‚ and increase efficiencies
Premium Innovation Change