Managerial economics theory and practice phần 6 pptx

... +()=200 23 267 3 267 69 32pp12221 96 32 67 2 32 67 2 32 67 32 67 2 1341 96 32 67 2 32 67 2 32 67 32 67 2 134*. . $,*. . $,=()-()-()()==()-()-()()=QQ12 65 34**.==QQ1232 67 **.==QQQQ122149 ... 125ddQQp=- =65 8 0p= - = - - + - =- + -TR TC Q Q Q Q Q Q600 3 100 5 100 65 4222TR PQ Q Q Q Q==-()= -60 3 60 32PQ= -60 3Long-Run Monopolistically Competitive Equilibrium 367 Solutiona. ... = 14 .67 - Q2TR2= 14 .67 Q2- Q22MR2= 14 .67 - Q2= 14 .67 - (21.2) = 0.54Marginal cost may vary between 0.54 and 4.95 without affecting the prevailing (proﬁt-maximizing) price and output...

Managerial economics theory and practice phần 5 pptx

... Q=-ÊËˆ¯ÈÎÍ˘˚˙=-ÊËˆ¯501 60 501 60 2PQ=-501 60 TR PQ=MR MC=TC Q Q=++100 514802QPD=-3 000 60 ,3 36 Market Structure: Perfect Competition and Monopolyelectricity because of ... Microeconomic Theory. New York: McGraw-Hill, 1978.Nicholson, W. Microeconomic Theory: Basic Principles and Extensions ,6 thed. New York:Dryden Press, 1995.Silberberg, E. The Structure of Economics: ... Methods in Economics. New York: McGraw-Hill,1980.Henderson, J. M., and R. E. Quandt. Microeconomic Theory: A Mathematical Approach, 3rded. New York: McGraw-Hill, 1980.Layard, P. R. G., and A....

Managerial economics theory and practice phần 1 ppt

... Ignorance 65 6Market Uncertainty and Insurance 66 4Chapter Review 67 7Key Terms and Concepts 67 9Chapter Questions 68 1Chapter Exercises 68 2Selected Readings 68 515Market Failure and GovernmentInterventionMarket ... and Uncertainty 62 2Measuring Risk: Mean and Variance 62 3Consumer Behavior and Risk Aversion 62 7Firm Behavior and Risk Aversion 63 2Game Theory and Uncertainty 64 8Game Trees 65 1Decision Making ... of Demand 165 Price Elasticity of Demand, Total Revenue, and Marginal Revenue 168 Formal Relationship Between the Price Elasticity of Demand and Total Revenue 174Using Elasticities in Managerial...

Managerial economics theory and practice phần 2 doc

... include corned beef and cabbage, tea and lemon,coffee and cream, peanut butter and jelly, tennis rackets and tennis balls,ski boots and skis, and kites and kite string.If goods X and Y are complements, ... ++3233 96 TR Q Q=-212QP=-()300 30 96 introduction to mathematical economics (2. 56) Equation (2. 56) is a differential equation. We may express the relationshipbetween consumption expenditures and ... 2. 16 Inﬂection point: a stationary value at x0that is neither amaximum nor a minimum.be classiﬁed as substitutes are oleomargarine and butter, coffee and tea, and beer and ale.If goods X and...

Managerial economics theory and practice phần 3 pps

... MCQQQPQQQPQ==()===ÊËˆ¯()=====()=======- ---- 66 66 23 66 4444 22222 10 64 8 66 22122 66 66 22313 2313 131313313131313,Using Elasticities in Managerial Decision Making 181dQdP P P222223232 ... of demand isSince dQ/dP = 1/(dP/dQ), we writefor all values of Q. Demand is price elastic.dQdPQQQQQQ=-=-ÊËˆ¯ÊËˆ¯=-ÊËˆ¯()=-=------122122 66 122 66 66 2234343134343epep=ÊËˆ¯ÊËˆ¯=-ÊËˆ¯()=- ... Demand Theory TABLE 4.3 Solution to problem 4.7.P Q dQ/dP P/Q epTR080-10 0 0 0170-10 0.014 -0.14 70 260 -10 0.033 -0.33 120350-10 0. 060 -0 .60 150440-10 0.100 -1.00 160 530-10 0. 167 -1 .67 ...

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Managerial economics theory and practice phần 4 ppsx

... 3,430.00 16 6, 561 .00 4,0 96. 00 2,401.0032 5,904.90 3,2 76. 80 1 ,68 0.70 64 5,314.41 2 ,62 1.44 1,1 76. 49128 4,782.97 2,097.15 823.542 56 4,340 .67 1 ,67 7.72 5 76. 48tively. For example, suppose that a=0.3 and ... M., and R. E. Quandt. Microeconomic Theory: A Mathematical Approach, 3rded. New York: McGraw-Hill, 1980.Maxwell, W. D. Production Theory and Cost Curves. Applied Economics, 1, August (1 969 ), ... 5 16 1 414 42 872 06 05 .Q =() ()=()()=20 1 1 20 1 1 20 06 05 Q =+()+()=++=100 3 2 2 2 100 6 4 110Q =+()+()=++=100 3 1 2 1 100 3 2 105Q =()+()+()()=++ =22 32 42 2 4 6 16...

Managerial economics theory and practice phần 7 docx

... isp=()+()-()()-()-()-=20 1 304 100 6 087 2 1 304 6 087 3 1 304 8 6 087 1088 1722 $.P2100 2 6 087 69 66 *.$.=-()=P120 2 1 304 17 39*.$.=-()=Q2 6 087*.=Q11 304*.=2 16 10012QQ+= 62 2012QQ+=-()-() ... W. J., and J. I. Yellen. “Commodity Bundling and the Burden of Monopoly.” QuarterlyJournal of Economics, 90 (August 19 76) , pp. 475–498.Baye, M. R., and R. O. Beil. Managerial Economics and Business ... 052.QPBB=-120 5QPAA=-200 10p=()-()-= - -=220 1 64 67 1 64 10 360 80 180 20 10 170 60 2 $.P2100 5 3 28 83 60 *.$.=-()=P120 2 1 64 16 72*.$.=-()=multiproduct pricing 459Industries...

Managerial economics theory and practice phần 8 doc

... 5, 6 $850 $69 5 $191.44 $8 86. 44B 1, 3, 4, 5, 6 950 795 63 .81 858.81C 1, 2, 5, 6 900 66 5 127 .63 792 .63 D 1, 2, 3, 5 1,000 67 5 0.00 67 5.00E 1, 2, 3, 6 1,000 67 0 0.00 67 0.00F 1, 2, 3 950 540 63 .81 ... Project A Project B0.00 $8,000 $10,0000.02 6, 389 7 ,62 10.04 4,908 5, 465 0.05 4,211 4, 462 0.05875 3 ,62 3 3 ,62 30. 06 3,541 3,5 06 0.08 2,278 1,7230.10 1,109 96 0.12 24 -1,3920.14 -985 -2,755Deﬁnition: ... 12. 16. NPVCFAtntt=()=-=ÆS11 17 168 563 64 .$.NPVCFAtntt=()=- +()+()+()+()+()==ÆS1123451 15 168 25 0007 0001 15 168 8 0001 15 168 9 0001 15 168 9 0001 15 168 5...

Managerial economics theory and practice phần 9 potx

... pp-()[]{}=-()[]==-()[]+-()[]=-()+-()=-()+()=()+(=ÆÂ2212212122222220 4 100 64 0 0 6 1 000 64 00 4 540 0 6 360 0 4 291 60 0 0 6 129 60 0 ,. . ., .,))=+=1 16 640 77 760 194 400,,$,1 000 000,,s22100s12 62 6 Risk and Uncertaintyally exclusive, ... Evi-()[]{}=ÊËˆ¯-()[]==ÊËˆ¯-()[]+-()[]++-()[]{=ÊËˆ¯-()+-()+-()+-=ÆÂ212221222 6 2222111 6 135 235 335 4s 335535 63 51 6 25 15 05 05 15 251 6 625 225 025 025 225 62 51 6 222222222. ()[+-()+-()]=ÊËˆ¯-()+-()+-()+()+-()+-()[]=ÊËˆ¯+++++[]=ÊÊËˆ¯()=17 ... Adam should accept. Adam’s and Andrew’s gainsfrom trade are $ 26. 33 and $23 .67 , respectively. The reader might suspectthat if this process is continued, eventually Andrew and Adam will evenlydivide...

Managerial economics theory and practice phần 10 pot

... risk.Market Uncertainty and Insurance 66 71For a detailed discussion of indifference curves see, for example, Walter Nicholson,Microeconomic Theory: Basic Principles and Extensions, 6 thed. (Font Worth: ... probability that an adverseMarket Uncertainty and Insurance 67 5equivalent to the income consumption curve in utility theory and the expan-sion path in production theory. The certainty line represents ... 5 DM mii i=+-()aa1 66 2 Risk and Uncertainty14 .6 Suppose that Ted Sillywalk offers Will Wobble the fair gamble ofreceiving $500 on the ﬂip of a coin showing heads and losing $500 on theﬂip...

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