Persons whose influence on others is limited to the appointed managerial authority of their positions to reward and punish is called as _____________. A. Managers B. Leaders C. Executives D. Directors
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- In making managerial economic decisions, which of the following should an effective manager consider? a. the total explicit costs and revenue of the firm tb he total opportunity costs of production c. the total revenue of the firm only. d. accounting profit onlyMANAGERIAL ECONOMICS 1. Describe the scope of the material Managerial Economics and explain what benefits can be obtained by understanding Managerial Economics; Explain the meaning of Company Value and how to calculate the value of the company as long as the company is still actively operating? Give an example of another case related to the benefits of studying this course! 2. The relationship between the concepts and measures of Total, Average, and Marginal is very important in Optimization Analysis; the relationship is basically the SAME, whether for Revenue, Production, Cost or Profit;Explain the meaning of the three economic concepts and their dimensions in a comprehensive manner and the behavior of the relationship between the three, it is more desirable if accompanied by a graphic example.4) How do the three basic economic questions relate to the firm? 5) What other business disciplines are related to Managerial Economics?
- MANAGERIAL ECONOMICS 1. Describe the scope of the material Managerial Economics and explain what benefits can be obtained by understanding Managerial Economics; Explain the meaning of Company Value and how to calculate the value of the company as long as the company is still actively operating? Give an example of another case related to the benefits of studying this course!Write a twelve pages (12) term paper assignment for Introduction to Managerial Economics course with reference and citation covering: 1. Introduction to Managerial Economics and Economic theory. 2. Firms and Management Objectives. 3. Profits: Economic versus Accounting Profits. 4. Time Value of Money for the Firm (Maximizing the value of the Firm).MANAGERIAL ECONOMICS 2. The relationship between the concepts and measures of Total, Average, and Marginal is very important in Optimization Analysis; the relationship is basically the SAME, whether for Revenue, Production, Cost or Profit;Explain the meaning of the three economic concepts and their dimensions in a comprehensive manner and the behavior of the relationship between the three, it is more desirable if accompanied by a graphic example.
- Instruction: Make a review of the present economic environment. What role does the managerial economist play in the business decision making of the company particularly on their resource allocation problems? As a managerial economist, relate your findings on the operations of; (a) a service organization; (b) manufacturing; (c) an-agriculture-based company.A company hires you as an HR consultant to guide the company about its change process from bureaucratic to team-based organizational structure. What advice you will give to this company? a. Increase the centralization of decision making b. Increase the managerial levels and more supervision c. Design jobs with less autonomy d. Design jobs based on higher autonomyManagerial economics as tools for decision making. Discuss Explain the short-run and long-run equilibrium under perfect competition and monopoly market.
- USeP Graduating students can improve their prospects of employment after graduation either by getting higher grades or by devoting time to application with different prospective employers. i. To conceptualize this problem, use the isocost-isoquant diagram. What will be plotted on the x-y axis. How is output defined? ii. Would you expect that many graduating students would prefer to devote their time on either grades or interviews but never a combination of both? Explain.MANAGERIAL ECONOMICS 5. In conducting studies to estimate market / demand forecasting, generally two types of data are used, namely “Time Series” data and “Cross-section” data or a combination of the two types of data; explain the meaning of the two types of data and the advantages/disadvantages of each! 6. Explain what is meant by ISOQUANT? Next, explain the main characteristics of the isoquant curve and how to find the optimal point of production; Next, explain the meaning of the Production Economic Area which is depicted by a dividing line called the Ridge LineMANAGERIAL ECONOMICS 4. Explain various methods/methods/techniques for estimating market demand faced by the company; Also explain the advantages and disadvantages of each method
