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Vocabulary for MBA

Vocabulary for MBA

Ngày tải lên : 03/10/2012, 10:33
... an issue, not quantifiable, a matter of intuition: "Professor Bell teaches touchy-feely subjects." For a person, one who is not guided by logic: "He is too touchy-feely to well in quant." Tough ... math problems I've never had a student come back after graduation and tell me 'You know that isoquant stuff we did? That was the key to my promotion.'" Kick off - (Noun) The start or the beginning ... your investment." Note: a similar term is "brain surgeon." ROI - Return on investment "We can't quantify ROI for community involvement." There is no formula to calculate the income eventually...
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Microeconomics for MBAs 46

Microeconomics for MBAs 46

Ngày tải lên : 18/10/2013, 00:15
... service, trucking, natural gas, electricity, water and sewage systems, stock brokering, health care, taxi services, massage parlors, pharmacies, postal services, television and radio broadcasting,...
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Microeconomics for MBAs 47

Microeconomics for MBAs 47

Ngày tải lên : 20/10/2013, 20:15
... lower prices and to produce and sell larger quantities Ideally, firms can be made to product Qc units and to sell them at price Pc, which is the same price-quantity combination that could be achieved ... firms may enter the market, causing the price to fall toward P1 and the quantity produced to rise toward Q1 At that price-quantity combination, only one firm can survive—but without barriers to ... times the quantity produced, Q1 (or P1 x Q1 ) Notice that at that level, the firm’s average cost is equal to P1 Therefore the total cost of production (the average cost times the quantity sold)...
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Microeconomics for MBAs 48

Microeconomics for MBAs 48

Ngày tải lên : 20/10/2013, 20:15
... pricing, and production decisions in specific industries like trucking, airline, bus, stockbrokerage, taxi, cable, and shipping services that appear to be competitive or contestable In such industries, ... essential questions: Why were inherently competitive or contestable industries such as airlines, taxicab, and trucking regulated if the purpose was to protect against natural monopolistic pricing?...
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Microeconomics for MBAs 60

Microeconomics for MBAs 60

Ngày tải lên : 24/10/2013, 18:15
... will rise, as in Figure 17.7 The exchange rate will rise with it to bring the quantity supplied into line with the quantity demanded A change in the rate of inflation can have a similar effect ... supply and demand curves, show how a U.S tariff on a foreign-made good will affect the price and quantity sold in the country of origin How will an import quota on sugar affect the price of sugar...
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Microeconomics for MBAs 49

Microeconomics for MBAs 49

Ngày tải lên : 24/10/2013, 18:15
... Label the efficient output level Will the firm actually produce at that level? Why or why not? Quantity Marginal Cost Price Consumers Will Pay $21 $45 18 36 15 27 12 18 9 6 CHAPTER 15 Competitive ... like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its…market price David Ricardo P rofessional football players earn more than ministers ... all subject to the law of diminishing marginal returns Beyond a certain point and given a fixed quantity of at least one resource, more land, labor, or capital will produce less and less additional...
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Microeconomics for MBAs 50

Microeconomics for MBAs 50

Ngày tải lên : 24/10/2013, 18:15
... another job As they withdraw from the market, the quantity of labor supplied will decline from Q3 toward Q2 The quantity supplied will meet the quantity demanded—and eliminate the surplus—at a ... prices of goods and services are established At a wage rate of W2 , the quantity of labor employers will hire is Q1 , whereas the quantity of workers willing to work is Q3 In other words, at that ... Monopsonistic Labor Markets Conversely, if the wage rate falls below W1 , the quantity of labor demanded by employers will exceed the quantity supplied, creating a shortage Employers, eager to hire more...
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Microeconomics for MBAs 1

Microeconomics for MBAs 1

Ngày tải lên : 29/10/2013, 01:15
... and on what terms That is, it is the process by which buyers and sellers decide the prices and quantities of goods that are to be bought and sold Because the inmates had few opportunities to ... “more is preferred to less”) to much more precise statements or predictions (for example, “the quantity purchased will rise when the price falls”) Economic theories sometimes vary in their premises ... apples purchased, for instance—may be caused by factors not considered in the theory That is, the quantity of apples purchased may increase for some reason other than a drop in price Empirical tests...
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Microeconomics for MBAs 51

Microeconomics for MBAs 51

Ngày tải lên : 29/10/2013, 01:15
... power Monopsony power is the ability of a producer to alter the price of a resource by changing the quantity employed By reducing competition for workers’ services, monopsony power allows employers ... only or dominant employer Like a monopolist, the monopsonist can search through the various wage-quantity combinations on the labor supply curve for the one that maximizes profits The monopsonist...
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Microeconomics for MBAs 3

Microeconomics for MBAs 3

Ngày tải lên : 08/11/2013, 00:15
... world economy, business incentives will be commonplace; getting them right will be an abiding and taxing concern of managers The Role of Incentives in Firm Successes and Failures Some firms prosper...
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Microeconomics for MBAs 5

Microeconomics for MBAs 5

Ngày tải lên : 08/11/2013, 00:15
... a given quantity—that is called quantity supplied Rather it is a relationship between price and quantity As the price of a good rises, producers are generally willing to offer a larger quantity ... and quantity Demand as a Table or a Graph Demand may be thought of as a schedule of the various quantities of a particular good consumers will buy at various prices As the price goes down, the quantity ... price-quantity combinations A through L in the table Note that as the price falls from P2 ($8) to P1 ($5), consumers move down their demand curve from a quantity of Q1 (30) to the larger quantity...
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Microeconomics for MBAs 55

Microeconomics for MBAs 55

Ngày tải lên : 08/11/2013, 00:15
... adjust the quantity you consume to your individual preferences and your ability to pay If you join with your neighbors to purchase some public service, however, you must accept whatever quantity ... Under a democracy, the preferences of the median voter group will tend to determine the types and quantities of public goods produced If you are not a member of that group, the compromise that is...
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Tài liệu Microeconomics for MBAs 6 doc

Tài liệu Microeconomics for MBAs 6 doc

Ngày tải lên : 15/12/2013, 10:15
... willing to produce a larger quantity at each price Q3 instead of Q2 at price P2, for example They will also accept a lower price for each quantity P1 instead of P2 for quantity Q2 Conversely, ... cost of producing any given quantity will fall Because of the technological improvement, firms will be able to offer a larger quantity at any given price or the same quantity at a lower price The ... bushels A market surplus is the amount by which the quantity supplied exceeds the quantity demanded at any given price Graphically, an excess quantity supplied occurs at any price above the intersection...
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Tài liệu Microeconomics for MBAs 7 pptx

Tài liệu Microeconomics for MBAs 7 pptx

Ngày tải lên : 15/12/2013, 10:15
... from P2 to P1, and quantity rose from Q1 to Q2 The new equilibrium price and quantity, P1 and Q2, marked the new long-run market equilibrium Long-run equilibrium is the price-quantity combination ... supply, the price will rise along with the quantity sold—panel (a) If supply keeps up with demand, however, the price will remain the same even though the quantity sold increases— panel (b) The market ... rise in the price and the quantity produced In Figure 2.12(a), when the supply curve shifts to S2 and the demand curve shifts to D2, price increases from P1 to P2 and quantity produced rises from...
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