Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Exam - MANAGERIAL ECONOMICS - Term Paper Example

Comments (0) Cite this document
Substitute goods have positive cross elasticity of demand and a change in price of one good leads to a positive change in demand of the substitute good…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
Read TextPreview

Extract of sample "Exam - MANAGERIAL ECONOMICS"

Download file to see previous pages The primary use of the kinked-demand curve is to explain price rigidity in oligopoly.
(ii) When oligopolistic firms increase their prices, competing firms may not be able to match the increase in prices of the oligopolies. The oligopolies are likely to lose customers to their competitors. A small increase in price by oligopolies may result in a large decrease in quantity demanded.
(iii) Because competing firms are likely to match the price decreases of an oligopolistic firm, the firm is unlikely to gain customers and market share from the competition. Large price decreases are needed to gain relatively small increases in quantity ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Exam - MANAGERIAL ECONOMICS Term Paper Example | Topics and Well Written Essays - 1000 words”, n.d.)
Exam - MANAGERIAL ECONOMICS Term Paper Example | Topics and Well Written Essays - 1000 words. Retrieved from
(Exam - MANAGERIAL ECONOMICS Term Paper Example | Topics and Well Written Essays - 1000 Words)
Exam - MANAGERIAL ECONOMICS Term Paper Example | Topics and Well Written Essays - 1000 Words.
“Exam - MANAGERIAL ECONOMICS Term Paper Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Managerial economics

...? Managerial Economics Introduction In the paper two basic concepts of micro economics is represented with the illustration of easy diagrams and short mathematical exercises. The first one is the theory of demand and theory of supply along with market equilibrium and the other one is the production possibility frontier of two countries. In the demand and supply framework a detailed explanation of the demand and supply is given with the notion of market equilibrium and also how disturbances in the market self adjusts and return back to its initial equilibrium state. In the production possibility frontier paradigm, its construction is given for two countries and how the countries with...
5 Pages(1250 words)Essay

Managerial Economics

...? Managerial Economics Essay AFFILIATION: Managerial Economics Essay One of the best articles that have discussed the importance of International Trade in World Market has been published in New York Times magazine which has highlighted the importance of trade agreements in this globalization period (International Trade, 2012). The trade agreements have reduced prices of goods and services of America in foreign markets and also in the home country; tariffs and taxes on these products have been eliminated to a considerable extent. Overall benefits because of globalization are numerous but the major one is surging demand of products and services along with reduction in their...
4 Pages(1000 words)Essay

Managerial Economics

...?Managerial Economics Table of Contents Table of Contents 2 Introduction 3 A Brief Study of Principal-Agent Theory (PAT) 4 Key Requirements That Should Possibly Meet By an Optimal Incentive System (OIS) 6 Application of PAT to the Financial Sector Concerning Bank CEOs 8 Conclusion 11 References 12 Introduction Incentive systems are generally regarded as the techniques of motivating employees to perform activities in accordance with the objectives of an organisation. Moreover, employees of an organisation are motivated with incentive systems in order to perform their respective operations in an effective manner. Incentive systems are required to be designed in an efficient manner as well as in accordance...
8 Pages(2000 words)Essay

Managerial Economics

...?Managerial Economics The term oligopoly has its origin from the combination of two Greek words. They are ‘Oleg’s’ and ‘Pollen’. The former means ‘a few’ and the latter means ‘to sell’. Thus, the term ‘oligopoly’ in business means a situation when the number of companies selling a particular product or service in the market is very few. In other words, oligopoly can be termed as ‘competition among the few’. Admittedly, oligopoly has a large number of specific characteristics which encourage the companies to exhibit collusive behaviour (Fershtman & Pakes 2000). The first important characteristic of oligopoly is interdependence. It happens because when the number of firms is few, any change in the price or...
4 Pages(1000 words)Essay

Managerial Economics

There are several factors that contribute to the pricing of houses in a free market. The Basic Principle of demand and supply This basic principle of demand and supply would chiefly govern the housing market, i.e. when the demand for housing increases the prices will tend to go up in order to reach equilibrium at the present level of supply. This is a typical example of demand and supply. The equilibrium is determined when the price at which the buyer would like to make purchase coincides with the price at which the seller would like to make the trade. Now the value of the housing properties is determined by both the supply side and the demand side factors which include the price at which the seller would like to go for the transa...
4 Pages(1000 words)Essay

Managerial Economics

..., credit ratings are essential tools for helping you make some investment decisions.” (Heakal, n. d). Background and Objectives Do changes in credit ratings affect equity valuation? If so how? And to what extent? This is an important topic that has interested many professionals in the field of economics and business, although it is often overlooked. As pointed out in the introduction, credit rating companies play an extremely vital role in any economy, local or foreign. The information provided by these agencies is used by all kind of parties starting from business organizations, independent investors, financial institutions, even countries’ governments, charity organizations, etc. “Only because of the availability of...
9 Pages(2250 words)Research Paper

Managerial Economics exam paper

...or decrease in the price of complementary product and changes of consumer tastes towards the product will shift the demand curve to right. Whereas a decrease in income, decrease in the price of substitute or increase in the price of complementary product and changes of consumer tastes away from the product will shift the demand curve to the left. The change in price of the product will not shift the demand curve and there will only be movement along the curve. References: Balakrishnan, N.,Render, B. and Stair, R., 2013. Managerial Decision Modeling with Spreadsheets. Pearson. Begg, D. et al., 1997. Economics, fifth edition. Bath Press. Keat, D. and Young, PK, 2009. Managerial...
5 Pages(1250 words)Term Paper

Managerial Economics

...Managerial Economics Introduction With every passing year, oil appears to play an even bigger role in the global economy. Initially, finding oil through a drill was considered somehow a nuisance since the intended treasures were usually water or salt. This wasn't until 1857 when the first kind of a commercial oil well got drilled in Romania. The UKpetroleum industry was born some years later (MCCORMICK, 1993). This paper will analyse the current oil prices and also explore how the price of oil, just as other commadities, is a complex mixture of demand and supply factors. How government policy might influence the price elasticity of oil will also form part of the discussion in this paper. Analysis of the...
8 Pages(2000 words)Term Paper

Acounting information System(AIS) research for Certified Management Accountant(CMA)

...part CMA program; or alternatively acquire a bachelors degree in finance, economics or accounting, acquire job experience and join managerial professional bodies. This method is less time consuming and does not involve tough exams. However, CMA provides less accounting services to the public and this method of certification maybe more expensive for fresh graduate due to annual subscription to managerial professional bodies. Conclusion According to Kinsella, a former head of the Board of Trustees for the Foundation for Accounting Education, recommends that graduate students need to evaluate the most viable options since currently a lot of professional firms are investing...
4 Pages(1000 words)Research Paper

Managerial Economics matrix. In case the Gas Stations collude, they would agree to raise prices together, leading to a profit of 80,000 AED for each Gas Station. Solution 6 Companies in a monopolistic competitive market produce low quantity and charge high prices, compared to companies in perfect competition. A firm in a monopolistic competition market earns supernormal profits in the short run. In monopolistic competition, more efficient firms continue to earn supernormal profits in the long run (Jain and Sandhu). This is the reason why a cosmetic firm operating in a monopolistically competitive market environment spends a lot of money in advertisement and ends up with super-normal profit even in long run. The firm is capable of charging high prices...
9 Pages(2250 words)Assignment
sponsored ads
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.

Let us find you another Term Paper on topic Exam - MANAGERIAL ECONOMICS for FREE!

Contact Us