We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

APPLIED MANAGERIAL ECONOMICS Questions - Research Paper Example

Comments (0) Cite this document
Summary
APPLIED MANAGERIAL ECONOMICS Research Questions Table of Contents Answer to Question 1 3 Answer to Question 2 4 Answer to Question 3 5 Answer to Question 4 6 Bibliography 7 Answer to Question 1 a) Resources could mainly be natural or artificial of which natural resources might be renewable or non-renewable…
Download full paperFile format: .doc, available for editing
Polish This Essay96% of users find it useful
APPLIED MANAGERIAL ECONOMICS Research Questions
Read TextPreview

Extract of sample
"APPLIED MANAGERIAL ECONOMICS Questions"

Download file to see previous pages c) Mathematical formulae for production system of The Village Inn Y1 a11 a12 a13 a14 X1 Y2 = a21 a22 a23 a24 x X2 Y3 a31 a32 a33 a34 X3 X4 It could be assumed that, Y1 = buttermilk pancakes Y2 = Skillets Y3 = Crepes Thus, X1 = Milk, X2 = Butter, X3 = Wheat and X4 = Eggs Lastly, aij are the weights that are associated with each input for the production of each item and, their values range between 0 and 1; i, j = 1 ... 4 d) According to the Law of Diminishing Returns, the productivity of a factor with other factors remaining unchanged tends to diminish over time. In the above example, if any of the components are added in excess of the rest, they cannot help in producing an extra unit of output, so that increase in quantity only diminishes its productivity. Answer to Question 2 a) A department store generally deals with a large number of items under a single roof and simultaneously has to employ a large number of salespersons. In this case, productivity of each employee implies the additional number of commodities that the person is able to sale over time. In order to calculate the average productivity per employee thus, it is necessary to calculate the gross sales that the company made and divide it with the total number of transactions. b) Technical efficiency implies the efficiency with which inputs could be converted into output. Normally, the greater the volume of output that could be created with a given volume of input, higher is the efficiency of the concerned firm. In retail stores, this could be implies by the speed with which the sales are taking place. An ideal method to measure the same could be through estimating the number of days that a commodity stays in the inventory shelf. If the number of days is found to be higher than the average, technical efficiency of the company might be regarded as falling and vice-versa. Moreover, greater the technical efficiency is, lower is the per unit production cost incurred and greater is the profit generated. c) Economic efficiency is the extent to which the retail store can compromise their shelf space occupied by one commodity with that of another. In order to optimise the same, it is very important for them to be informed about the commodities which are highly demanded compared to those which are not. In case that they are able to make the substitution successfully, i.e., there is Pareto Optimality, the average cost of the company falls and its profit rises. Answer to Question 3 In the present case, the retired couple have to capture a part of the market that is largely served by the nearby chain restaurant. However, the difference between the two is that while the couple plans to establish a lunch-only restaurant, the nearby chain is a full-fledged one. Thus, the strategy that they must be adopting should be that like an oligopolistic market, where their strategies should be highly dependent upon the ones being adopted by the existing players of the industry. Four economic factors that they need to consider while determining their pricing strategy are – Firstly, the market is characterised by another major player who is already experiencing the advantage of being a first mover. Generally, in an oligopolistic ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“APPLIED MANAGERIAL ECONOMICS Research Questions Paper”, n.d.)
APPLIED MANAGERIAL ECONOMICS Research Questions Paper. Retrieved from https://studentshare.org/management/1431607-applied-managerial-economics-research-questions
(APPLIED MANAGERIAL ECONOMICS Research Questions Paper)
APPLIED MANAGERIAL ECONOMICS Research Questions Paper. https://studentshare.org/management/1431607-applied-managerial-economics-research-questions.
“APPLIED MANAGERIAL ECONOMICS Research Questions Paper”, n.d. https://studentshare.org/management/1431607-applied-managerial-economics-research-questions.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Managerial Economics
Once the company begins to receive more profit, it plans to expand its business in other niches like business process outsourcing to assist other companies in business operations. The present dilemma is the economic costs that the company might experience, as it focuses on the plans for the promotion of the new packages.
10 Pages(2500 words)Research Paper
Managerial Economics
Explain. (b) The price you can charge for your remodeling services? Explain. (c) Profits in home remodeling? Why? Answer: a) The firm is currently operating short run production. It is also known that the industry where the firm operates is an increasing cost industry.
3 Pages(750 words)Research Paper
Managerial Economics
yet only 7.3 million or only 23.6 percent of them uses hearing aids. It will be interesting to find out why it is so. Hearing aid is not yet so full proof a device to equate it with refractive lenses used to correct the vision of eyes. So as to say, no hearing aid restores the hearing in a most natural manner.
8 Pages(2000 words)Research Paper
Behavioral economics & game theory in managerial microeconomics
Managerial economics is based on the assumption that formulation of logical managerial decision is possible. Managers are enabled to make rational decisions, their decisions become imperative component of organization success. Concepts of the game theory and behavioral theory, that facilitate process of decision-making is considered in the paper.
10 Pages(2500 words)Research Paper
Managerial Decision in Economics
The present study on the aspect of a comparison between hiring of a new employee or a temporary employee shows that while short term costs are lower for hiring a temporary employee, however considering the opportunity costs of a temporary employee and the value enhancement offered by a full time permanent employee, it seems the latter one is a better option for the organization.
8 Pages(2000 words)Research Paper
Assignment for Managerial Economics
Macroenvironmental studies point that India has maintained a steady and attractive GDP growth rate over the last years and hence India is potential place for investment despite its growing political instability and corruption. A partial debt financing is recomendable for the company to start its new division in India because this financing strategy is particularly better in the context of a recovering global economy.
9 Pages(2250 words)Research Paper
Managerial Economics - Questions
Branding – Corporate Mega-Brands spent millions for their brands and logos, which the franchisee gets to use. The franchisors have built their names within their respective industries and are known to the public. And since a successful brand
3 Pages(750 words)Essay
Managerial Economics
However, the issue is, with investment opportunities that are available becoming more global and diverse in nature, both in the territories sense as well as business sectors sense, it has become difficult to decide not only which companies but also
9 Pages(2250 words)Research Paper
Applied economics
The human capital, as an investment, requires a cost and, at the same time, payment for any return over the monetary or non-monetary lifetime. According to Harmon et al (2003), extensive research works and literature have been
4 Pages(1000 words)Essay
Applied Research Project Capstone: Research Project
Respectively, data required for this particular research has been obtained from secondary sources comprising journals, online
25 Pages(6250 words)Research Paper
Let us find you another Research Paper on topic APPLIED MANAGERIAL ECONOMICS Research Questions for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us