{"id":3650,"date":"2021-07-14T07:47:56","date_gmt":"2021-07-14T07:47:56","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=3650"},"modified":"2022-10-14T09:37:29","modified_gmt":"2022-10-14T09:37:29","slug":"managerial-economics-individual-assignment-answer-for-mba-students","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/managerial-economics-individual-assignment-answer-for-mba-students\/","title":{"rendered":"Managerial Economics Individual Assignment Answer for MBA Students"},"content":{"rendered":"

Managerial Economics <\/strong>Individual Assignment for MBA<\/strong><\/h2>\n

Words: 4000<\/strong><\/p>\n

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Are You Looking for Online Managerial Economics Assignment Answer<\/a>? We offer Managerial Economics Individual Assignment Answer<\/a> for MBA Students in Australia, UK, US and other countries by MBA Experts at affordable prices. AssignmentTask.Com is No.1 Assignment Writing Service<\/a> provider with Managerial Economics Assignment for Students.<\/p><\/blockquote>\n

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Instruction<\/strong>: To be attempted by each of the student individually<\/p>\n

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  1. Discuss the scope of managerial economics and relate it with different disciplines.<\/li>\n
  2. What is price elasticity of demand, income elasticity of demand, and cross price elasticity of demand? What is the relation between the total revenue, marginal revenue and price elasticity of demand? Examine?<\/li>\n
  3. Consider a profit maximizing firm that produces two products, X and Y, on the same assembly line. The firms profit function is given by the equation \u03c0(X,Y)=200X-5XY+100Y<\/li>\n<\/ol>\n

    a).\u00a0 Using the Lagrangian multiplier method, determine the profit maximizing output levels of X and Y subject to the production requirement that the total output equal 50 units.<\/p>\n

    b).\u00a0 Calculate the firm\u2019s profits.<\/p>\n

    c).\u00a0 Interpret the Lagrange Multiplier<\/p>\n

    4.\u00a0 Suppose you own a farm that produces two types of wheat, type X and type Y, and you signed a contract to deliver 24 tons of wheat in any combination to the bread manufacturer operating in your farm district.<\/p>\n

    a).\u00a0 Find the combinations of crops that minimized the cost of fulfilling the contract given your cost function:<\/p>\n

    TC=3Y2<\/sup>-4YX+9X2<\/sup>-8X+36<\/p>\n

    5.\u00a0 Suppose it is late in the semester and you have two exams left. You must decide how to allocate your working time during the study period.\u00a0 After eating, sleeping, exercising and maintaining some human contact, you have 12 hours each day in which to study for your exams.\u00a0 You have figured out that your grade point average, GPA, from your two courses, Management Theory and Practice and Investment Management, takes the form , GPA=2\/3(\u221aM +\u221a2L) where M is the number of hours per day spent studying for Management Theory and Practice and I\u00a0 is the number of hours per day spent studying for Investment Management.\u00a0 What is the optimal number of hours per day spent studying for each course?\u00a0 If you follow this strategy what will your GPA be?<\/p>\n

    6.\u00a0 A firm operating in a perfectly competitive market faces the following Total cost function,<\/p>\n

    TC=2\/3Q3<\/sup> \u2013 9Q2<\/sup>+80Q=12\u00a0. From this:<\/p>\n

    a).\u00a0 Find an expression for AC in terms of Q<\/p>\n

    b).\u00a0 Find an expression for MC in terms of Q<\/p>\n

    c).\u00a0 Calculate the output level at which AVC reaches its minimum point.<\/p>\n

    d).\u00a0 If the market price of a commodity which is produced by the firm is Birr 40, how much should the firm produce & sale to be at equilibrium<\/p>\n

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    1. Assume there is a tendency of moving from competitive to monopoly market structure. If the demand and total cost functions are Q=100-2P and TC=14Q+2Q2 <\/sup>respectively<\/li>\n<\/ol>\n

      a).\u00a0 Determine the equilibrium Price &output of Perfect competitive, and equilibrium price and output of monopolist firm.<\/p>\n

      b).\u00a0 Show the equilibrium Q and P you obtained in (a)<\/strong> above graphically.<\/p>\n

      c).\u00a0 Calculate the CS (consumer surplus)<\/strong> and PS (producer surplus)<\/strong> under perfect competitive and monopoly market structure.<\/p>\n

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       <\/p>\n

      For REF… Use: #getanswers2001597<\/span><\/strong><\/p>\n

       <\/p>\n","protected":false},"excerpt":{"rendered":"

      Managerial Economics Individual Assignment for MBA Words: 4000   Are You Looking for Online Managerial Economics Assignment Answer? We offer Managerial Economics Individual Assignment Answer for MBA Students in Australia, UK, US and other countries by MBA Experts at affordable prices. AssignmentTask.Com is No.1 Assignment Writing Service provider with Managerial Economics Assignment for Students.     Instruction: To be attempted by each of the student individually Discuss the scope of managerial economics and relate it with different disciplines. What is price elasticity of demand, income elasticity of demand, and cross price elasticity of demand? What is the relation between the Read More …<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3499],"tags":[282,4960,4963,4959,4962,4961],"_links":{"self":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/3650"}],"collection":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/comments?post=3650"}],"version-history":[{"count":1,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/3650\/revisions"}],"predecessor-version":[{"id":3651,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/3650\/revisions\/3651"}],"wp:attachment":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/media?parent=3650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/categories?post=3650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/tags?post=3650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}