1. If the consumer’s budget constraint is given by 10F + 5S = 100 where F is food and S is shelter‚ how much food can he buy if he purchases 2 units of shelter? Plug in number Student Response Value A. 10 B. 5 C. 20 D. 9 100% Score: 1/1 2. If the consumer’s budget constraint is given by 10F + 5S = 100 where F is food and S is shelter‚ what is the opportunity cost of food in terms of shelter? F/S Student Response Value A. 5 B. 2 C. 15 D. 10 0% Score:
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CAPITAL BUDGETING PROBLEMS: CHAPTER 11 Answers to Warm-Up Exercises E11-1. Categorizing a firm’s expenditures Answer: In this case‚ the tuition reimbursement should be categorized as a capital expenditure since the outlay of funds is expected to produce benefits over a period of time greater than 1 year. E11-2. Classification of project costs and cash flows Answer: $3.5 billion already spent—sunk cost (irrelevant) $350 million incremental cash outflow—relevant cash flow $15 million per year cash
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Science of Managerial Economics Running successful businesses requires involvement of well experienced and talented managers; all companies’ stakeholders concern‚ in running companies‚ is to make profits and expectation is on managers’ part to make such desire become the fact of reality. One of the tools managers use to analyse company’s performances and be able to make intelligent decisions- for further profitability and sustainability of the corporations- is by economical tool. “managerial economics
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Managerial Economics Comm 295 Class 1 1. Course Outline 2. Introduction 3. Supply and Demand THE UNIVERSITY OF BRITISH COLUMBIA 1. Outline Instructor: James Brander Vista: An outline and old assignments and exams (with answers) are posted. Class notes will be posted before each class. Questions corresponding to the textbook and selected answers will be posted. Course Description: Economic foundations of managerial decision–making. The early topics review and extend material from first
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ECONOMICS 101 -- MACRO PRINCIPLES – Fall 2011 Professor Roger Frantz. Office: Adams Humanities Room 4196; Phone: 594-3718; Hours: MWF 11:00 – 11:45am‚ and 12:30 – 1:15pm. e-mail: rfrantz@mail.sdsu.edu; Home Page: www-rohan.sdsu.edu/~frantz/index.html. I. Student Learning Outcomes. 1. Differentiate rational (economic) behavior from non-rational behavior. 2. Define various measures of macro economic output and income 3. Demonstrate how GDP is determined. 4. Elaborate on how government can
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& Scope of Managerial Economics Contents Fundamental Economics Concepts: Opportunity Cost‚ Discounting principle‚ Time perspective‚ Incremental reasoning‚ Equi-marginal concept. Marginal concept in economics. Economics of information: Risk‚ Uncertainty‚ Asymmetry of information‚ Adverse Selection‚ Market Signaling. The theory of firm; Econometric Models & Economic optimization. ____________________________________________________________________________________ Economics Basics: Introduction
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BUS 802 MODULE 1 NATIONAL OPEN UNIVERSITY OF NIGERIA SCHOOL OF MANAGEMENT SCIENCES COURSE CODE: BUS 802 COURSE TITLE: ECONOMIC THEORY 1 BUS 802 ECONOMIC THEORY COURSE GUIDE BUS 802 ECONOMIC THEORY Course Team Dr. J.O. Onyemaechi (Course Writer/Developer) NOUN Dr. A. O. Fagbemi (Course Editor) Dr. C. I. Okeke (Programme Leader) - NOUN Dr. O. Adenuga (Course Coordinator) - NOUN NATIONAL OPEN UNIVERSITY OF NIGERIA 2 BUS 802 MODULE 1 National Open University of Nigeria Headquarters
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Chief Characteristics Of Managerial Economics It would be useful to point out certain chief characteristics of Managerial Economics‚ inasmuch it’s they throw further light on the nature of the subject matter and help in a clearer understanding thereof. 1. Managerial Economics micro-economic in character. 2. Managerial Economics largely uses that body of economic concepts and principles‚ which is known as ‘Theory of the firm’ or ‘Economics of the firm’. In addition‚ it also seeks to apply
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Jared Johnson MG 420 Travis Benningfield Chapter 11 Homework Question 1: Globalization has a profound impact on domestic employment issues due to the fact that companies can find less expensive labor in other countries around the world. No matter what item you are trying to produce‚ there is most likely another country in the world that can produce that item at a cheaper price. People do not want to pay high prices for items‚ thus they opt to purchase less expensive‚ foreign made products
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The Nature and Scope of Managerial Economics Managerial Economics • Managerial economics‚ meaning the application of economic methods in the managerial decisionmaking process‚ and it is a fundamental part of any business. This is happening for several reasons It is becoming more important for managers to make good decisions and to justify them‚ as their accountability either to management or to shareholders increases. Number and size of multinationals increases‚ the costs and benefits
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