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  • Managerial Economics: Theory and Practice

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    Sam Ch
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    This document appears to be the table of contents for a study guide for the textbook "Managerial Economics: Theory and Practice". The study guide is intended to enhance student understanding of concepts from the textbook. Each chapter in the study guide covers an overview of topics from the corresponding textbook chapter, followed by multiple choice questions, shorter problems, and longer problems for students to work through. Answers and solutions are provided at the end to help students check their comprehension. The preface encourages students to attempt the questions themselves before checking answers, in order to better learn concepts and develop problem-solving abilities.

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    This document appears to be the table of contents for a study guide for the textbook "Managerial Economics: Theory and Practice". The study guide is intended to enhance student understanding of concepts from the textbook. Each chapter in the study guide covers an overview of topics from the corresponding textbook chapter, followed by multiple choice questions, shorter problems, and longer problems for students to work through. Answers and solutions are provided at the end to help students check their comprehension. The preface encourages students to attempt the questions themselves before checking answers, in order to better learn concepts and develop problem-solving abilities.

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    Download as PDF, TXT or read online from Scribd
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    118 views12 pages

    Managerial Economics: Theory and Practice

    Uploaded by

    Sam Ch
    This document appears to be the table of contents for a study guide for the textbook "Managerial Economics: Theory and Practice". The study guide is intended to enhance student understanding of concepts from the textbook. Each chapter in the study guide covers an overview of topics from the corresponding textbook chapter, followed by multiple choice questions, shorter problems, and longer problems for students to work through. Answers and solutions are provided at the end to help students check their comprehension. The preface encourages students to attempt the questions themselves before checking answers, in order to better learn concepts and develop problem-solving abilities.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 12

    WSGPR 7/7/03 4:33 PM Page i

    Managerial Economics: Theory and Practice

    WSGPR 7/7/03 4:33 PM Page ii

    WSGPR 7/7/03 4:33 PM Page iii

    Managerial Economics: Theory and Practice


    Edited by

    Thomas J. Webster
    Department of Finance & Economics Lubin School of Business Pace University

    Study Guide

    Amsterdam Boston Heidelberg London New York Oxford San Diego San Francisco Singapore Sydney Tokyo

    Paris

    WSGPR 7/7/03 4:33 PM Page iv

    WSGPR 7/7/03 4:33 PM Page v

    Table of Contents

    Preface to the Student

    xi

    1
    Introduction
    Overview 1 Multiple choice questions 3 Shorter problems 9 Longer problems 10 Answers to multiple choice questions 11 Solutions to shorter problems 12 Solutions to longer problems 12

    2
    Introduction to Mathematical Economics
    Overview 15 Multiple choice questions 16 Shorter problems 22 Longer problems 23 Answers to multiple choice questions 24 Solutions to shorter problems 25 Solutions to longer problems 27 v

    WSGPR 7/7/03 4:33 PM Page vi

    vi

    Table of Contents

    3
    The Essentials of Demand and Supply
    Overview 31 Multiple choice questions 33 Shorter problems 40 Longer problems 41 Answers to multiple choice questions Solutions to shorter problems 43 Solutions to longer problems 44

    43

    4
    Additional Topics in Demand Theory
    Overview 47 Multiple choice questions 48 Shorter problems 55 Longer problems 56 Answers to multiple choice questions Solutions to shorter problems 59 Solutions to longer problems 60

    58

    5
    Production
    Overview 63 Multiple choice questions 65 Shorter problems 72 Longer problems 73 Answers to multiple choice questions Solutions to shorter problems 74 Solutions to longer problems 76

    74

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    Table of Contents

    vii

    6
    Cost
    Overview 79 Multiple choice questions 80 Shorter problems 87 Longer problems 89 Answers to multiple choice questions 90 Solutions to shorter problems 91 Solutions to longer problems 93

    7
    Prot and Revenue Maximization
    Overview 95 Multiple choice questions 97 Shorter problems 103 Longer problems 104 Answers to multiple choice questions 106 Solutions to shorter problems 107 Solutions to longer problems 108

    8
    Market Structure: Perfect Competition and Monopoly
    Overview 113 Multiple choice questions 115 Shorter problems 123 Longer problems 124 Answers to multiple choice questions 125 Solutions to shorter problems 126 Solutions to longer problems 128

    WSGPR 7/7/03 4:33 PM Page viii

    viii

    Table of Contents

    9
    Market Structure: Monopolistic Competition
    Overview 131 Multiple choice questions 133 Shorter problems 138 Longer problems 139 Answers to multiple choice questions Solutions to shorter problems 141 Solutions to longer problems 141

    140

    10
    Market Structure: Duopoly and Oligopoly
    Overview 145 Multiple choice questions 146 Shorter problems 155 Longer problems 157 Answers to multiple choice questions Solutions to shorter problems 160 Solutions to longer problems 163

    159

    11
    Pricing Practices
    Overview 167 Multiple choice questions 169 Shorter problems 179 Longer problems 180 Answers to multiple choice questions Solutions to shorter problems 183 Solutions to longer problems 185

    183

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    Table of Contents

    ix

    12
    Capital Budgeting
    Overview 191 Multiple choice questions 193 Shorter problems 204 Longer problems 205 Answers to multiple choice questions 207 Solutions to shorter problems 208 Solutions to longer problems 209

    13
    Game Theory
    Overview 215 Multiple choice questions 217 Shorter problems 227 Longer problems 229 Answers to multiple choice questions 232 Solutions to shorter problems 233 Solutions to longer problems 235

    14
    Risk and Uncertainty
    Overview 241 Multiple choice questions 244 Shorter problems 256 Longer problems 258 Answers to multiple choice questions 259 Solutions to shorter problems 260 Solutions to longer problems 263

    WSGPR 7/7/03 4:33 PM Page x

    Table of Contents

    15
    Market Failure and Government Intervention
    Overview 267 Multiple choice questions 269 Shorter problems 279 Longer problems 279 Answers to multiple choice questions Solutions to shorter problems 283 Solutions to longer problems 284 Index 291

    282

    WSGPR 7/7/03 4:33 PM Page xi

    Preface to the Student

    There is an old saying that applies to the study of mathematics: You do not learn from readingyou learn by doing. Much the same thing may be said about the study of managerial economics. This study guide is designed to enhance the students understanding of the material presented in the text. Each chapter in this study guide is divided into four sections: Overview, multiple choice questions, shorter problems and longer problems. The overview section is a synopsis of the main topics covered in each chapter of the text. This section is followed by examination-type multiple-choice questions, shorter problems, and longer problems. The student should carefully read the relevant text chapter before moving onto the multiple choice questions and problems. The student is encouraged to attempt to answer each of the multiple choice questions before referring to the answers that are provided at the end of each chapter. By proceeding in this manner, the student will better be able to identify any deciencies in comprehension of the basic concepts covered in the text. The multiple choice questions are followed by a series of shorter and longer problems that are designed to assist the student in developing problem solving skills. As in the case of the multiple choice questions, the student is urged to attempt to solve the problems before referring to the solutions. An important by-product of using this study guide is that many of the same types of multiple choice questions and problems presented in this study guide will also be encountered in course examinations and homework assignments.

    xi

    WSGPR 7/7/03 4:33 PM Page xii

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