Managerial Economics Is a branch of economics that applies microeconomic analysis to decision methods of businesses or other management units. As such, it bridges economic theory and economics in practice
Tutorial (4)
No. of unite (X) |
TR x |
TR y |
6 |
100 |
120 |
7 |
110 |
132 |
8 |
125 |
150 |
9 |
133 |
175 |
10 |
149 |
205 |
11 |
157 |
225 |
Where:
PX= 3, PY= 5, E= 69
Determine optimal combination?
X and Y
Tutorial (4)
No. of unite (X) |
TR x |
TR y |
6 |
100 |
120 |
7 |
110 |
132 |
8 |
125 |
150 |
9 |
133 |
175 |
10 |
149 |
205 |
11 |
157 |
225 |
Where:
PX= 3, PY= 5, E= 69
Determine optimal combination?
X and Y
Tutorial one (23.6.2013)
Suppose where the following profit function for a certain firm. Find the level of output (Q) which maximizes the profit of the firm:
П= -3.000 - 2.400Q + 350 Q^{2 }- 8⅓Q^{3}
Tutorial two (30.6.2013)
Given the following profit function
П= -10.000 + 400Q = 2Q^{2}
Where:
П = is total profit, Q = is the level of output.
Find the:
$1(i) Determine the output level which maximizes profit.
$1(ii) Consider the situation requires 40 hours of skilled labor and total of 300 hours of skilled labor is variables determine the output level which maximizes the profit.
$1(iii) Find determine 100 hours of skilled labor or total of 400 hours are available what sort of comment in such a case .. how this will effect your solution.
Tutorial three (7.7.2013)
Given the following information about the quantity demanded about the quantity demented of accretion product (x) and its price (P_{X}) Exit lte the demand function:
Q dx |
Px |
2 |
7 |
3 |
6 |
4 |
5 |
7 |
2 |
Q ^{^ }= Q_{1}+b^{^}p_{x}
b^{^}<^{}0 product ,Q dx = when P_{X }= 3
Managerial Economics lecture notes by MBA Batch 2007 (Nadir)
Topics: