Economics for Managerial Decision Making Dannielle Strupler ECO - 561 Economics – Puerto Rico University Of Phoenix September 18‚ 2012 Dr. Wanda Marrero‚ Ph.D. Economics for Managerial Decision Making Decision making is amongst the main functions of managers within the business world today; even more particularly during these times
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CHAPTER 6| Elasticity: The Responsiveness of Demand and Supply SOLUTIONS TO END-OF-CHAPTER EXERCISES Answers to Thinking Critically Questions 1. Even if the overall demand for gasoline is inelastic‚ a revenue increase for Joe’s Gas-and-Go will occur only if the percentage increase in price is greater than the percentage decrease in quantity demanded. If Joe’s price increase is too large and Joe has other competitors who do not raise their prices‚ then it is possible that the percentage
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hydroxide ion = OH ̅ B. nitrate ion = NO3 ̅ C. sulfide ion = SO32 ̅ D. nitrite ion = NO2 ̅ E. sulfate ion = SO42 ̅ 5 How many molecules are in 0.25 mole of Na2O? A. 4.5 × 10(23) B. 0.75 C. 1.5 × 10(23) D. 4.2 × 10( ̅ 25) E. 0.25 6 Calculate the molar mass of Na2SO4. A. 94.05 g/mol B. 71.06 g/mol C. 142.05 amu D. 142.05 g/mol E. 94.05 amu 7 If 4.05 × 1023 molecules of a substance have a mass of 86.2 g‚ what is the molar mass of the substance? A. 128 g/mol B. 3.49 × 1025
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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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Macroeconomics‚ 5e (Hubbard) EC 212 – Chapter Nine Homework Assignment_SOLUTIONS Chapter 9 Unemployment and Inflation 1) Due to slowing growth in China and other developing countries‚ Caterpillar ________ the number of persons it employed in 2013 and this ________ the total number of persons unemployed in the economy. A) decreased; increased B) decreased; decreased C) increased; decreased D) increased; increased Answer: A Diff: 1 Page Ref: 629/263 Topic: The Unemployment Rate Learning Outcome:
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Chapter 6 Balancing the Market The point at which quantity supplied come together is known as Equilibrium Market Disequilibrium If the market place or quantity supplied is anywhere but at the equilibrium price‚ the market is in a state called disequilibrium Excess Demand Occurs when quantity demand is more than quantity supplied Excess Supply Occurs when quantity supplied exceeds quantity demand The interaction between buyers and sellers (Market Forces) will always push the market back toward
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| Peterson pays for the lawn service the following month on May 2. | If Executive Lawn uses accrual-basis accounting‚ on which date would Executive Lawn record the $100 revenue for each scenario?April 10 | | LO2 Flip Side of Question 7 | 6. | | Consider the information in question 5. Using cash-basis
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Problems/Answers: FIN 534 I have provided the answers to Chapters 6 and 7‚ you are to provide the solutions and explanations‚ namely‚ how were you able to determine the same answers. I want to see‚ how you go about solving these problems. I would encourage you to use the MyFinanceLab and go over the previous Chapters. Keep in mind that these responses are due‚ November 1‚ 2010. I will use your submission to grade you and not the group work that you did in class‚ last Thursday. I trust that you will
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A) Watch this BBC clip http://www.youtube.com/watch?v=FzxGyKyzfP8&feature=related and discuss the problems with globalization. Do you believe it is possible for a global company to simultaneously achieve the goals of global efficiency and integration‚ national responsiveness and flexibility‚ and worldwide transfer of knowledge and innovation? Discuss Globalization has many apparent issues that were highlighted in the video. One of the problems shown was related to non renewable resources. A globalized
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CHAPTER 10 Standard Costing and Performance Measures for Today’s Manufacturing Environment ANSWERS TO REVIEW QUESTIONS 10-1 Management by exception is a managerial technique in which only significant deviations from expected performance are investigated. 10-2 Any control system has three basic parts: a predetermined or standard performance level‚ a measure of actual performance‚ and a comparison between standard and actual performance. The system works by making the comparison between
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