MBA MANAGERIAL ECONOMICS Arcadia IMBA Module 2 University Wide Individual Assignment (UWIA) 12th July 2013 PROBLEM SET #1 1. Complete the following table and answer the accompanying questions. a. At what level of the control variable are net benefits maximized? Net Benefit is also profit. The formula for this is MB = MC. As seen in the table completed above‚ after applying the formula then net benefit is maximized where Q = 106. b
Premium Supply and demand Costs Marginal cost
will tend to rise. But if the demand is very elastic‚ it will considerably fall when the price has risen. The result will be that Government will not get larger revenue from this tax because the people will have considerably curtailed their demand for it. If the Finance Minister‚ therefore‚ wants to be certain of the revenue from a particular tax he must levy it on such commodities for which the
Premium Supply and demand Price elasticity of demand Elasticity
must a newspaper ad attract for the current advertising mix to be optimal? o For the current advertising mix to be optimal‚ MPn / Pn = MPm / Pm therefore‚ to increase the newspaper output from 6 to 8‚ Find: MPn / 500 = 8 *500 MPn = 4‚000 *500 So inquiries generated by newspaper ads would have to increase from 3‚000 to 4‚000. P7.7 Marginal Revenue Product of Labor. To better serve customers interested in buying cars over the Internet‚ Smart Motors‚ Inc.‚ hired Nora Jones to respond to customer
Premium Marginal cost Advertising Variable cost
1: What is Managerial Economics.? Explain the nature and scope of Managerial Economics.? Answer: Managerial Economics generally refers to the integration of economic theory with business practice. While economics provides the tool which explain various concepts such as demand‚ supply‚ price‚ competition etc. Managerial economics applies these tools to the management of business‚ in this sense managerial economics is also understood to refer to business economics or applied economics. Managerial
Premium Economics
The Economic Development of Bangladesh Introduction Economic development is one dimension of the more inclusive concept of development. Development is both a process and a project. As a process‚ it refers to changes occurring in countries defined variously as undeveloped‚ underdeveloped‚ developing‚ emerging‚ and newly industrializing. Economic development refers to the raising of the productive capacity of a country through the introduction of policies designed to enhance the productivity
Premium Economic development Economic growth Economy
Managerial Economics & Business Strategy Chapter 4 The Theory of Individual Behavior McGraw-Hill/Irwin Copyright © 2010 by the McGraw-Hill Companies‚ Inc. All rights reserved. Overview I. Consumer Behavior – Indifference Curve Analysis. – Consumer Preference Ordering. II. Constraints – The Budget Constraint. – Changes in Income. – Changes in Prices. III. Consumer Equilibrium IV. Indifference Curve Analysis & Demand Curves – Individual Demand. – Market Demand. 4-2 Consumer
Premium Consumer theory
SYNOPSIS On OVERVIEW ON TEA INDYSTRY (INDIA) Submitted in partial fulfillment of the requirement for the award of degree of BACHELOR OF BUSINESS ADMINSTRATION (BBA) AMRAPALI INSTITTUTE (SESSION: 2009-2012) Under the guidance of Submitted By: Mrs. Ritu Tiwari Mohit Prasad Agrawal
Premium Tea Sri Lanka Nepal
industrial sector in Bangladesh. Before the advent of leasing companies in Bangladesh commercial banks and development finance institutions (DFIs) have been the traditional lending institutions in Bangladesh. In fact‚ the concept of lease financing is a relatively new one in the country. Initially‚ leasing companies had to adopt the role of educators to make Bangladeshi entrepreneurs aware of the benefits of leasing. However‚ Lease financing was first introduced in Bangladesh in the early 1980s
Premium Lease Finance lease Financial services
Tea Industry of Pakistan Pakistan‚ a country of tee-totallers due to the Islamic ban on alcohol‚ is one of the highest per capita consumers of tea in South Asia. Local tea importers speculate that this is due to a limited choice of beverages. Pakistan is the third largest tea importer in the world after Russia and the UK and consumes about 155 million kg of tea every year (of which about 130 million kg is imported).On average‚ each Pakistani consumes about a kilo of tea a year‚ a total of approximately
Premium Tea
Journal of Business Research‚ vol. 4‚ 2002 This article is brought to you by www.bdresearch.org A Comparison of Capital Structures Among MNCs and Local Companies in Bangladesh Javed Siddiqui* M. Zillur Rahman** Abstract: Prior studies in capital structure have attempted at establishing relationships between profitability and level of gearing. This study attempts at presenting a comparison of capital structures between MNCs and local blue chip companies enlisted with the DSE. The study concludes
Premium Finance Capital structure Corporate finance