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klynn
Questions (6)
This is some HW for a Managerial Econ class. I've got what I think are the answers, and I'd just like someone to read over my
1 answer
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I'm working on some HW for my MBA Managerial Economics class. I've got one problem down to the end, but I'm stuck. Any help
2 answers
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I wanted to post this as a new question to make sure you saw it. Thanks! :)
Posted by klynn on Wednesday, October 3, 2007 at
1 answer
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This is an MBA-level Managerial Economics Course. I'm working on some HW and just want to double-check my answers.
1. Jimbo's is
3 answers
735 views
This is an MBA-level Managerial Economics course. I am working on a homework assignment and have a couple problems that I don't
2 answers
564 views
This is an MBA-level Managerial Economics course. I am working on a homework assignment and have a couple problems that I don't
8 answers
681 views
Answers (8)
Cohorts is similar to generations. The definition of cohorts is "a group of persons sharing a particular statistical or demographic characteristic." For example, a cohort could be all children born in 1980. Also, you can basically figure out that the
First, you need to put this info in the form of equations. Let x = regular type and y = bold type. So, 1x + 3y = 23 2x + 4y = 34 Then, multiply one of the equations by a number to cancel out one of the variables. I multiplied the first equation (1x + 3y =
Ok, I think I get it. Thank you so much!
Ok, great! Thanks! If you don't mind, the question does have a couple other steps that I need a little bit of help on. B. Evaluate the wisdom of the pricing policy. If a price change is advisable, what price would you recommend that, with certainty, would
Ok, so for Question B, would these answers be right? Europe: MC = MR 2 = 10 - 2Qe 2Qe = 8 Qe = 4 Pe = 10 - Qe Pe = 10 - 4 Pe = 6 Profit: 10Qe - Qe^2 - 2Qe 8Qe - Qe^2 8(4) - 4^2 32 - 16 $16 So, Europe should produce 4 million pounds of the drug & charge
Also, I worked out question F to show that price elasticity equals -1.0 when TR is at its maximum. When TR is maximized, P = $875 and Q = 1750. So, if $875 was increased by 1%, Q would drop to 1732.50, which is a drop of 17.5. So, 17.5/1750 = -.01. So,
Oh, okay. That was obvious...I should have seen that. I worked on the other parts using the info you provided. On question C, the second part of the question asked, "Would a price increase of 10% be advisable? (Assume that elasticity remains constant for
economyst - Thank you so much for all of your help. Your answers really help me, and I've been able to apply them to other parts of the HW that are similar. I just have some questions on one of your answers; I just need a little clarification. On question
