W. Cris Lewis MANAGERIAL ECONOMICS (Economics 4010) Business 302A T-TH 12:00-1:15 pm (Business 209) clewis@econ.usu.edu (CRN #10732) Office Hours: T-Th 10:00 a.m.–11:30 a.m. and by appointment Spring 2007 Text: H. Craig Petersen and W. Cris Lewis‚ Managerial Economics‚ 4th edition (New York: MacMillan) 1999 (Required) Workbook: H. Craig Petersen and W. Cris Lewis‚ Managerial Economics: Study Guide w/Software (New York: MacMillan) 1999 (Not required but useful and on reserve in the library). Course
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TUTORIAL 2: Topic 1: The Firm and Its Goals 1) a. If a stock is expected to pay an annual dividend of $20 forever‚ what is the approximate present value of the stock‚ given that the discount rate is 5%? b. If a stock is expected to pay an annual dividend of $20 forever‚ what is the approximate present value of the stock‚ given that the discount rate is 8%? c. If a stock is expected to pay an annual dividend of $20 this year‚ what is the approximate present value of the stock
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Centrifugal Concrete Workshop is established on May 1989‚ directly under Power Construction Company No.2 – Vietnam Electricity Coorporation‚ a professional manufacturer on industrial concrete products (major are poles). * Based on Decision no. 265/QĐ (VT5/ĐVT/TCCB) dated on March 15‚ 1997‚ Thuduc Centrifugal Concrete Workshop is changed to Thuduc Centrifugal Concrete Factory. Being a State Business‚ the factory has specific characteristics of a manufacturing factory. Main products are spun poles
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ECON 2020 – FINAL EXAM REVIEW Exam 1 Review Scarcity * A situation in which unlimited wants exceed the limited resources available to fulfill those wants. * Scarcity leads to CHOICE Choice * A situation caused by scarcity. * Leads to OPPORTUNITY COST Rational Choice (Marginal Cost & Benefit) * Rational consumers will use all available information as they act to achieve their goals * Marginal Benefit – The benefit that arises from an increase in an activity
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At the market equilibrium‚ the revenue of the producers is the area of the rectangle (0.36-0-Qe)‚ and the minimum-price decreased the total revenue to (0.5-0-Qd). This loss of revenue is completely accounted for by the producers‚ making them the biggest losers. The producers envisage another cost - the excess supply shown in the diagram. Because they are producing at ‘Qs’‚ and are receiving the revenue at Qd‚ they lose revenue from the minimum-price but pay to supply something that won’t be sold.
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States demand curve for corn is QD = 80 - 2P where P is the price of corn (in dollars per bushels) and QD is the quantity of demanded of corn ( in billions of bushels) and that QS = 20 + 4P is the supply curve for corn where QS is the quantity of corn supplied (in billions of bushels). a. What are the equilibrium price and quantity? At equilibrium‚ QD =QS 80 - 2P= 20 + 4P 6P = 60 P = $10 Qd = 80 – 2(10) = 80 -20 = 60 billion
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Elec221 Final Exam December 14‚ 2002 7. The slight slope of the collector current with increased collector voltage in the common-emitter characteristics of a BJT is called the ________early_____________ effect which is a result of ______________base width modulation_____________________. Short Questions (1 point for each blank) 8. The total capacitance of an ideal MOS structure includes the capacitance of ____SiO2_______ and the capacitance of _____depletion_region____________. 1. The
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such as exports the milk surpluses abroad and promote the local brand of milk products to consumers. Question 2 a. When YED = 2‚ Income Elasticity of Demand‚ YED= Percentae change in quantity demandedPercentage change in income 2= ∆ Qd %12% ∆ Qd %=24 % The quantity demanded for personal computer increases 24% as the customer’s income have risen by 12%. So‚ in order to meet
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3rd Edition‚ June 2005 Eric Doviak Principles of Microeconomics on the Lecture Notes Preface Microeconomics is the study of the behavior of individual households‚ firms and industries as well as the supply and demand relationships between producers and consumers. You might think of a household as a consumer‚ but households are also producers. For example‚ take a look at your kitchen: you take raw materials (meat‚ cheese‚ vegetables‚ eggs‚ salt and pepper) as well as capital
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Q.5.1 a) Figure 1: Where there is a threat of bird flu which is a deadly disease spreading among chickens‚ the demand for chickens will decrease and the demand curve will shift to the left as shown in the figure 1. As a result‚ the equilibrium market price will decrease from P1 to P2 and the equilibrium market quantity will decrease from Q1 to Q2 in the short run. Q.5.1 b) Figure 2: As the poultry in country X is perfectly competitive with the supply of chicken coming from
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