klynn

This is an MBA-level Managerial Economics course. I am working on a homework assignment and have a couple problems that I don't really know how to get started. Here is the first: Altmann, Inc. is a U.S. manufacturer of edible econimics texts. The firm has...

This is an MBA-level Managerial Economics course. I am working on a homework assignment and have a couple problems that I don't really know how to get started. Here is another: Assume that a drug manufacturer sells a major drug in Europe and the U.S. Beca...

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 a new company producing exploding cigars. Jimbo's company has the following demand curve for the cigars: P = 10 - 2Q Jimbo is...

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 11:29am. This is an MBA-level Managerial Economics Course. I'm working on some HW and just want to double-check my answers. 1. Jim...

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 would be greatly appreciated. And, of course, if you could check my work on a & b, that would be excellent. Thanks! :) 1.) The math...

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 reasoning & check my answers. Any assistance is appreciated. Thanks! 2.) A recent study of the Madison, Wisconsin market by Chemy...

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...

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...

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, -....

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 $6...

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, I think I get it. Thank you so much!

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 =...

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 answ...