1 FIRST SEMESTER Managerial Economics Subject Code:1001 Contact Hours: 60 Work Load: 4hrs/week Credit Points: 04 Semester End Exam Marks: 80 Internal Marks: 20 OBJECTIVES: 1. To familiarize students with Micro Economic Concepts used in Decision Making. 2. To develop application and analytical skills by using these concepts to make managers effective in economic decision making. Module: 1 (10 Hours) Introduction to Economics - Introduction to Managerial Economics- concept‚ Nature‚ Scope
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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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. Critical perspectives on crime differ from other perspectives in that they focus on ways people and institutions respond to crime and criminals. Critical perspectives are often called social reaction theories. The different theories covered under critical perspectives include Labeling theory‚ Conflict and radical theory and feminist theory. Labeling theory states that deviance is not the act itself that a person commits; a deviant label will lead us to be more deviant. Labeling theory is one of
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Shipbreaking Activities in Bangladesh and collision of Marine Biodiversity Prabal Barua Associate Program Officer YPSA The marine environment of the coastal water is vital to mankind on a global as well as on local basis concerning energy. Man is becoming a dominant part of the ecosystem in many regions‚ due to his various uses of the marine environment. So the health of marine ecosystem is an important factor in man own existence. The Bay of Bengal which is a potential bode of marine life as well
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still. This means that if the price of Coke decreases and the price of Pepsi remains the same‚ since Pepsi has a higher price which will increase the quantity demand for Coke and the demand for Pepsi will fall down. b. Average household income falls from $50‚000 to $43‚000: As a whole the average household income falls then the last decision I think it’s up to the customer’s budget and if they have money left to buy or not Pepsi. However demand would definitely decrease because of household budget
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MB0042 – Managerial Economics Semester - I Assignment Set-I Q1. Price elasticity of demand depends on various factors. Explain each factor with the help of an example. Answer. Elasticity of Demand: Earlier we have discussed the law of demand and its determinants. It tells us only the direction of change in price and quantity demanded. But it does not specify how much more is purchased when price falls or how much less is bought when price rises. In order to understand the quantitative changes
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success in the past decade. That success has mystified many in the business world‚ because most large food companies have tried in recent years to diversify and have failed. ``From the beginning of the 1980s‚ most other food companies have been divesting their non-food businesses‚`` said Nomi Ghez‚ a food industry analyst at Goldman‚ Sachs & Co. ``But Sara Lee actually grew in this area.`` ``The company turns out amazingly consistent results‚`` said John McMillin‚ an analyst at Prudential-Bache
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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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Prospects of Garment Industry in Bangladesh: 1. Financial Prospect: Over the last fifteen years or so the garments industries have emerged as the largest source of earning foreign currency. Industry Sector: 2.5 In the industry sector‚ which contributed 29.7 percent of GDP‚ growth rate slowed down from 6.8 percent of FY08 to 5.9 percent in FY09. Within this sub-sector knitwear‚ rice milling‚ dairy products‚ leather products‚ footwear‚ embroidery‚ wooden furniture‚ paper and paper products‚ nonmetallic
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3/31/12 Prof. Ogunji Managerial Economics Homework - Case Studies Pg 107 – Sunbest Orange Juice Spreadsheet Analysis Endogenous variables = all important demand- and supply-related factors that are within the control of the firm (ex: product pricing‚ advertising‚ product design‚ and so on) Exogenous variables = consist of all significant demand- and supply-related influences that are beyond the control of the firm (ex: competitor pricing‚ weather‚ general economic conditions‚ and related
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