Test #2 Practice Test #2: Answer Key Exam number 2 will take place on Monday‚ April 8th‚ 2013. This‚ the second of two practice exams‚ will be the subject of class on Wednesday. It will not be graded‚ but will serve only as practice material accurately representing the content and format of the exam. 1.) Walter used to work as a high school teacher for $40‚000 per year but quit in order to start his own painting business. To invest in his painting business‚ he withdrew $20‚000 from his savings
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PxX + PyY = y 12.50x + 10y = 500 or y = 50 – 1.25x d. What combination of X and Y will the consumer choose? Why? Consumer choose 20 units of X and 25 unit of Y. Indifferent curve II is tangent to budget line LZ. No other combination costing $500 provides more utility than X = 20‚ Y = 25 e. What is the marginal rate of substitution at this combination? MRS= PxPy= $12.50$10=1.25 f. Explain in terms of the MRS why the consumer would not choose combinations
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that of the local brands to existing market price or less than that as we are not trying to make a luxury product. We need to use penetration pricing to enter into the market which is dominated by local brands and which can also be dominated by the other big players who are eyeing the rural market. The price for ‘Saboon’ can be reduce by decreasing the size of the of the designed bar which is slightly larger than the local soap/detergent bar in the market. Company can also think of making smaller samples
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PAPER ON EFFECTS OF MARKET STRUCTURE OF AN INDUSTRY ON THE CONDUCT AND PERFORMANCE OF A FIRM This paper provides an overview of telecommunications industry in Kenya and discusses how structure of the industry can affect the conduct of a firm within an industry and also explores how market structure and conduct of the firm affect the firm’s performance. It also offers some ideas regarding the future of the telecommunications sector in Kenya. Introduction Kenya ’s earliest telecommunications connections
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THEORATICAL REVIEW: Project manger is expected to select the the project which is benificiary to the organization. Cost benefit anlysis is done by the project manger. It is highly unlikely that project manger select the the project whose cost exceeds its benefits. Benefits can be measured either finacial or non-finacial. The puposuse of idetifying the financial benefits is called copital budgeting‚ which may be defined as decision making process by which organization evaluate the projects that
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Discipline Subtitle: Classroom Discipline A Research work In Partial Fulfillment of the Requirements for the Course EMGT 210 - Human Behavior in Organization TABLE OF CONTENTS Page TITLE PAGE ……………………………………………………………………… 1 TABLE OF CONTENTS………………………………………………………….. 2 OBJECTIVES OF THE RESEARCH WORK………………………….……….. 3 TOPIC INTRODUCTION…………………………………………………………………. 4 DISCUSSION
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INTERNATIONAL MANAGEMENT INSTITUTE COURSE OUTLINE: MANAGERIAL ECONOMICS PGDM 2013-15 INSTRUCTORS Dr. Rajeev Anantaram (ranantaram@imi.edu) Dr. Arnab Deb (arnab.deb@imi.edu) 1. COURSE DESCRIPTION In a scenario characterized by increasing uncertainty and competition‚ managers will be called upon to make increasingly complex decisions that will have a crucial bearing on the prospects of the firm they work for. Indeed‚ even Public Sector Undertakings (PSUs) are increasingly faced with the challenge
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Assignment Business and Managerial Economics Teacher: Ellie Semsar Student Name: Robiul Islam Student ID: B0261DADA0410 Personal computers are very imperative in the current world of nowadays. Today‚ PCs hold fabulous consequence. Several numbers of us will be thrilled without a computer‚ as it becomes a part and parcel of our daily life. Computer becomes a significant tool for keeping archives. For computer data analysis become tremendously easy and we can do it now
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Diff between economics vs managerial economics 1 The traditional Economics has both micro and macro aspects whereas Managerial Economics is essentially micro in character. 2. Economics is both positive and normative science but the Managerial Economics is essentially normative in nature. 3. Economics deals mainly with the theoretical aspect only whereas Managerial Economics deals with the practical aspect. 4. Managerial Economics studies the activities of an individual firm or unit. Its analysis
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Managerial Economics : The Coca-Cola Company Almost all decisions in a company have an economic consequence. Managerial economics is an integral‚ relevant part of business management processes that involves cost‚ revenues and profits‚ considering not only the monetary costs‚ but nonmonetary costs as well – monetary‚ in terms of cash flow in and out and any excess revenue over costs or profit; nonmonetary‚ in terms of benefit for the consumer – whether its affect psychically is good or bad causing
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