Q.No. 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.
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MEANING OF MANAGERIAL ECONMICS (M.E) Managerial economics/applied microeconomics can be defined as the use of economic analysis to make business decisions involving the best use of organizations scarce resources/the application of economic theory and the tools of analysis of decision science to examine how an organization can achieve her objectives most efficiently. M.E may also be defined as the study of economic theories‚ logic and methodology‚ which are generally applied to seek solutions
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The Mission Mission which indicates the purpose and activities of the business‚ for example‚ The following table contrasts hard and soft mission statements. Hard | Soft | What business is/does Primary products/services Key processes & technologies Main customer groups Primary markets/segments Principal channels/outlets | Reason for existence Competitive advantages Unique/distinctive features Important philosophical/social issues Image‚ quality‚ style‚ standards Stakeholder
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FALL SESSION – 2014 MASTER OF BUSINESS ADMINISTRATION- SEMESTER 1 ROLL No. : 1408000472 Nitin Baban Borkar MB 0042: Managerial Economics Q.1. Inflation is a global Phenomenon which is associated with high price causes decline in the value for money. It exists when the amount of money in the country is in excess of the physical volume of goods and services. Explain the reasons for this monetary phenomenon. Ans: Inflation is commonly understood as a situation of substantial and rapid increase
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CHAPTER 15 MANAGING CURRENT ASSETS (Difficulty: E = Easy‚ M = Medium‚ and T = Tough) Multiple Choice: Conceptual Easy: Working capital Answer: c Diff: E [i]. Other things held constant‚ which of the following will cause an increase in working capital? a. Cash is used to buy marketable securities. b. A cash dividend is declared and paid. c. Merchandise is sold at a profit‚ but the sale is on credit. d. Long-term bonds are retired with the proceeds of
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Functional Behavioral Assessment Report Name College Introduction The functional behavioral assessment report relates to FBA’s as presented in the course. It is related to the case study of choice and the scenarios are: the parents of a four year old seek help for control of their child’s behavior. Their child consistently throws temper tantrums while at home and out in the community. The behavior of concern has become so frequent and intense such that the child is often left to do what he
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Functional skills include Mathematics/Numeracy; English/Literacy and Communication Technology (ICT) (Petty G‚ 2009:470).Elements of these core subjects are incorporated to improve existing skills / knowledge of the students and enables them to gain greater confidence when faced with issues which may need basic knowledge of numeracy‚ literacy or ICT skills outside of the teaching environment. These skills could also be taught separately and it works quite well‚ however it rarely provides sufficient
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Major Assignment 1) a) Demand Function: Quantity Demanded (Qd) = a + b* Price (P) Supply Function: Quantity Supplied (Qs) = a + b* Price (P) Where: a = constant b = the change in quantity as a result to the change in price. Demand Function: Quantity Demanded (Qd) = a + b* Price (P) b = (420 – 350) / (20 – 25) = 70 / -5 = -14 Using: P = 25‚ Qd = 350 350 = a – 14 * (25) 350 = a – 350 Therefore a = 700 and the demand function would be: Qd = 700 – 14 * P Supply Function:
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Intro: Surface Area and Volume Multiple Choice Identify the choice that best completes the statement or answers the question. Find the surface area of the space figure represented by the net. ____ 1. 12 in. 4 in. 6 in. 4 in. 4 in. 6 in. a. 288 in.2 ____ 2. b. 144 in.2 c. 240 in.2 d. 288 in.2 5 cm 5 cm 7 cm 8 cm 4 cm ____ a. 124 cm2 b. 110 cm2 c. 150 cm2 d. 164 cm2 3. Find the surface area of the cylinder. Use a calculator. Round to the nearest tenth. 4m 3m a
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Functional Styles of Speech The Colloquial Style This is the style of informal‚ friendly oral communication. The vocabulary of colloquial style is usually lower than the formal or neutral styles‚ it is often emotionally coloured. Colloquial speech is characterized by the frequent use of words with a broad meaning (широкозпачные слова): speakers use a small group of words in different meanings‚ whereas in a formal style (official‚ business‚ scientific) every word is to be used in a specific and clear
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