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    Bed2118 Managerial Economics Ii Reg Supp

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    Qelvoh Jox
    This document is an exam for a Managerial Economics II course. It contains 5 questions covering various topics in managerial economics. Question 1 has 5 parts asking about barriers to exit, Williamson's model of vertical integration, Shackle and Cason's notions of imagination and judgment, determinants of transaction costs, and how diversification reduces risk. Questions 2-4 focus on diversification, factors influencing outsourcing vs. acquiring suppliers, advantages of vertical integration, and using game theory to explain reluctance to exit markets. Question 5 has additional parts on bankruptcy proceedings and distinguishing forms of information asymmetry.

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    Bed2118 Managerial Economics Ii Reg Supp

    Uploaded by

    Qelvoh Jox
    49 views2 pages
    This document is an exam for a Managerial Economics II course. It contains 5 questions covering various topics in managerial economics. Question 1 has 5 parts asking about barriers to exit, Williamson's model of vertical integration, Shackle and Cason's notions of imagination and judgment, determinants of transaction costs, and how diversification reduces risk. Questions 2-4 focus on diversification, factors influencing outsourcing vs. acquiring suppliers, advantages of vertical integration, and using game theory to explain reluctance to exit markets. Question 5 has additional parts on bankruptcy proceedings and distinguishing forms of information asymmetry.

    Original Title

    BED2118 MANAGERIAL ECONOMICS II REG SUPP

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    This document is an exam for a Managerial Economics II course. It contains 5 questions covering various topics in managerial economics. Question 1 has 5 parts asking about barriers to exit, Williamson's model of vertical integration, Shackle and Cason's notions of imagination and judgment, determinants of transaction costs, and how diversification reduces risk. Questions 2-4 focus on diversification, factors influencing outsourcing vs. acquiring suppliers, advantages of vertical integration, and using game theory to explain reluctance to exit markets. Question 5 has additional parts on bankruptcy proceedings and distinguishing forms of information asymmetry.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    49 views2 pages

    Bed2118 Managerial Economics Ii Reg Supp

    Uploaded by

    Qelvoh Jox
    This document is an exam for a Managerial Economics II course. It contains 5 questions covering various topics in managerial economics. Question 1 has 5 parts asking about barriers to exit, Williamson's model of vertical integration, Shackle and Cason's notions of imagination and judgment, determinants of transaction costs, and how diversification reduces risk. Questions 2-4 focus on diversification, factors influencing outsourcing vs. acquiring suppliers, advantages of vertical integration, and using game theory to explain reluctance to exit markets. Question 5 has additional parts on bankruptcy proceedings and distinguishing forms of information asymmetry.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    UNIVERSITY EXAMINATION 2017/2018

    SCHOOL OF BUSINESS AND ECONOMICS


    DEPARTMENT OF ECONOMICS

    BEC/BECF/BSFS/BECS
    REGULAR

    UNIT CODE: BED2118 UNIT TITLE: MANAGERIAL ECONOMICS II

    DATE: AUGUST 2018 SPECIAL/SUPPLEMENTARY TIME:2 HOURS

    INSTRUCTIONS: ANSWER QUESTION ONE AND ANY OTHER TWO QUESTIONS

    1. a) Explain the concept of barriers to exit and their application. (8 Marks)

    b) Explain and evaluate Williamsons model of vertical integration (6 Marks)

    c) Compare Shackles notion of imagination with that of cason’s judgmental


    decision. (6 Marks)

    d) Explain the determinants of transaction costs. (4 Marks)

    e) Explain how diversification reduces the volatility of profits and risk spreading
    (6 Marks)

    2. a) Describe how diversification increases greater utilization of a firm’s resources


    (10 Marks)

    b) Describe the disadvantages of diversification (10 Marks)

    Library Copy Page 1


    3. a) Many firms contact out services and offer their suppliers long term contracts.
    Describe the factors that would encourage the firm to acquire its suppliers.
    (10 Marks)

    b) Discuss the advantages the owner has over market contract in the analysis of
    incomplete contracts. (10 Marks)

    4. a) Describe circumstances under which vertical integration increases the profit of


    the firm. (10 Marks)

    b) Explain ways in which vertical integration increases monopoly power of the


    firms. (10 Marks)

    5. a) Discuss how game theory help to explain the reluctance of firms to exit
    markets. (10 Marks)

    b) Explain the terms ‘managers friendly’ and ‘investor friendly’ used in bankruptcy
    proceedings (4 Marks)

    c) Distinguish between adverse selection, moral hazard and opportunistic


    behavior. (6 Marks)

    Library Copy Page 2

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