Questions from Managerial Economics

Q: Discuss the importance of the command process and the traditional process in

Discuss the importance of the command process and the traditional process in the making of management decisions. Illustrate specific ways in which managers must take these two processes into account....

Q: Explain the differences between management skills and entrepreneurship. Discuss how each

Explain the differences between management skills and entrepreneurship. Discuss how each factor contributes to the economic success of a business.

Q: Compare and contrast microeconomics with macroeconomics. Although managerial economics is based

Compare and contrast microeconomics with macroeconomics. Although managerial economics is based primarily on microeconomics, explain why it is also important for managers to understand macroeconomics....

Q: What do you think is the key to success in the soft

What do you think is the key to success in the soft drink industry? What chance do you think Global Foods has in succeeding in its new venture into the soft drink market? Explain. (Answer these questi...

Q: (Optional) Have you been personally involved in the making of

(Optional) Have you been personally involved in the making of a decision for a business concerning what, how, or for whom? If so, explain your rationale for making such decisions. Were these decisions...

Q: Because of inflation, a company must replace one of its (

Because of inflation, a company must replace one of its (fully depreciated) machines at twice the nominal price paid for a similar machine 8 years ago. Based on present accounting rules, will the comp...

Q: The following is a quote from a New York Times article:

The following is a quote from a New York Times article: “If a company makes product donations to the school—computers for instance—then the image of a company goes up as graduate students use the comp...

Q: Suppose a firm has the following demand equation: Q =

Suppose a firm has the following demand equation: Q = 1,000 - 3,000P + 10A where Q = quantity demanded P = product price (in dollars) A = advertising expenditure (in dollars) Assume for the following...

Q: You have a choice of opening your own business or being employed

You have a choice of opening your own business or being employed by someone else in a similar type of business. What are some of the considerations in terms of opportunity costs that you would have to...

Q: Is the maximization of profit margin (profit as a percentage of

Is the maximization of profit margin (profit as a percentage of total sales) a valid financial objective of a corporation? Discuss.