Explain managerial decision-making, Managerial Economics

Assignment Help:

Question 1:

(a) Describe how asymmetric information influences the price system and resource allocation. Provide examples to support your answer.

(b) Managerial decision-making involves uncertainty and risk. Analyse the possible behaviours of managers towards risk.

Question 2:

(a) Distinguish between income elasticity, price elasticity and cross elasticity of demand.

(b) Show how the manufacturer of mobile phones can use the concept of elasticity in pricing decision.

Question 3:

(a) Compare and contrast the profit maximizing behaviour and output decision of the perfectly competitive firm and the monopolist in the long run.

(b) Explain three different models of oligopoly. Support your answer with appropriate examples.


Related Discussions:- Explain managerial decision-making

Direct control and moral suasion, Direct control and Moral Suasion Wit...

Direct control and Moral Suasion Without actually using the above weapons, the central bank can attempt simply to use "moral suasion" to persuade the commercial banks to restr

#sales maximisation theory, how realistic is the sales maximization model f...

how realistic is the sales maximization model from experience with business objectives as pursued by Zimbabwean firms

Illustrate the concept of present value, Illustrate the concept of present ...

Illustrate the concept of present value. The Concept of Present Value: While someone borrows money for a year, there the interest rate is the price, computed as a percent

Gdp growth, Discuss how the nation's present economic situation may affect ...

Discuss how the nation's present economic situation may affect your business in the next year (your market is the entire US economy).  Contain the following in your analysis. a)

Buffer stocks and stabilization funds - stabilize farm price, Buffer stocks...

Buffer stocks and stabilization funds In this case the government buys up part of the supply when output is excessive, stores this surplus, and resells it to consumers in time

Economics for decision making, Suppose the consumer can choose either coffe...

Suppose the consumer can choose either coffee shop 1 or coffee shop 2, but not both. - Assuming that other things (such as location, quality of coffee, and so on) are the same,

Evaluate the marketing strategy, Joe is evaluating the marketing strategy a...

Joe is evaluating the marketing strategy at his restaurant and inn. Suppose that in response to a $2.00 off sales promotion for spaghetti dinners, Joe finds that nightly dinner sal

Explain the concept of demand function, Q. Explain the concept of demand fu...

Q. Explain the concept of demand function? Identical to the demand theory which pivots around the concept of demand function, theory of production revolves around the concept o

New commission structure motive salespeople, A medical insurance company of...

A medical insurance company offers its salespeople the following compensation scheme: each worker takes a fixed salary  and, in addition to that, a commission depending on the volu

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd