UNIVERSITY OF GUYANA FACULTY OF SOCIAL SCIENCES DEPARTMENT OF ECONOMICS ECN 213 - MANAGERIAL ECONOMICS COURSE OUTLINE SUMMER - 2010 LECTURER: Roger Rogers E-mail: rogers.roger@gmail.com INTRODUCTION Managerial Economics provides a foundation of economic understanding for use in managerial decision-making. Both microeconomic and macroeconomic relations have implications for this decision-making process. Since the demand for a firm’s products plays a major role in determining its
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Chapter 1 1. Which is the most electronegative atom in the compound below? OH Br N H A) Carbon Ans: C B) Nitrogen C) Oxygen D) Bromine 2. Which of the following correctly describes the electrons of a carbon atom in its ground state? A) 3 s electrons; 3 p electrons B) 2 1s electrons; 4 2p electrons C) 2 1s electrons; 2 2s electrons; 2 2p electrons D) 2 1s electrons; 2 2s electrons; 4 2p electrons E) None of these choices is correct. Ans: C 3. Which of the following statements correctly
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Chapter 1 Law is so diverse and complex; although what law does is helpful: the law sets basic standards of behavior that are enforced by government and also by individuals and groups • Freedom from violent conflict • Rules of conduct for different reasons Why do we have- need- law? • 1) Law is needed to protect persons‚ property‚ and society as a whole. It can not force someone to do something; ordinarly relations‚ reasonable‚ and predictable o ie) by requiring all types of vehicles to drive
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KEY CONCEPTS • managerial economics • theory of the firm • expected value maximization • value of the firm • present value • optimize • satisfice • business profit • normal rate of return • economic profit • profit margin • return on stockholders’ equity • frictional profit theory • monopoly profit theory • innovation profit theory • compensatory profit theory Managers‚ Profits‚ and Markets Chapter 1 How Is Managerial Economics Useful? • Evaluating Choice Alternatives • Identify ways
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Managerial Economics OBJECTIVES: The course in Managerial Economics attempts to build a strong theoretical foundation for Management students. The course is mainly analytical in nature and focuses on clarifying fundamental concepts from microeconomic viewpoint. The students are expected to study and analyses the dynamics of managerial decision making through this course. Also wherever possible‚ students are expected to study‚ analyses and interpret empirical evidence and case studies available
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------------------------------------------------- ------------------------------------------------- MG 640 Managerial Economics ------------------------------------------------- Homework Assignment | Week 1 Chapter 1: The Fundamentals of Managerial EconomicsFor this week read Chapter 1 and the Headline: Amcott Loses $3.5 Million: Manager Fired.Answer the following questions:Question 1. Page 27Levi Strauss & Co. paid $46‚532 for a 110-year-old pair of Levi’s jeans-the oldest known
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2a. Describe the three primary managerial attributes: technical competence‚ social and human skills and conceptual ability. Discuss how their importance varies with the type and level of manager’s job. (10m) The three primary managerial attributes were introduced by Robert L Katz. Whilst social and human skills are required through all levels of managements‚ the amount of technical competence and conceptual ability required by a manager varies at different levels of management due to the nature
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Which of the following is a data link layer function? A) packetizing B) error and flow control C) medium access control The data link layer is responsible for _______ delivery. C) hop-to-hop The data packet at the data link layer is usually called a _______. A) frame The protocol for obtaining the physical address of a node when the IP address is known is called _______. C) ARP A signal can lose energy due to the resistance of the medium. This is called _______. D) attenuation
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PRAIRIE TECHNOLOGY PARTNERS Planning Memo December 31‚ 2011 We have been retained as continuing auditors for Prairie Technology Partners (PTP) for the year ending December 31‚ 2011 Engagement Objectives * Provide our report on the examination of PTP’s financial statements by February 5‚ with year-end fieldwork to begin January 14‚ 2012 * Issue our management letter comments by February 10
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aspects of satisfaction was measured on a scale from 0 to 100‚ with larger values indicating higher degrees of satisfaction. The data collected also showed the type of hospital employing the nurses. The complete data set is available on web. Managerial Report Use methods of descriptive statistics to summarize the data. Present the summaries that will be beneficial in communicating the results to others. Discuss your findings. Specifically‚ comment on the following questions. 1. On the basis
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