Questions from Managerial Economics

Q: Explain the concept of maximum sustainable yield for a fishery. Is

Explain the concept of maximum sustainable yield for a fishery. Is maximum sustainable yield the most efficient rate of harvest for a renewable natural resource? Is it required to preserve biological...

Q: Sort the following products into those priced with two-part tariffs

Sort the following products into those priced with two-part tariffs, user charges only, or lump-sum access fees only: pay-per-view movies on cable TV, pay phones, Netflix, iTunes, country club members...

Q: Cascade Pharmaceuticals Company developed the following regression model, using time-

Cascade Pharmaceuticals Company developed the following regression model, using time-series data from the past 33 quarters, for one of its nonprescription cold remedies: where Y = quarterly sales (i...

Q: Phillips Industries manufactures a certain product that can be sold directly to

Phillips Industries manufactures a certain product that can be sold directly to retail outlets or to the Superior Company for further processing and eventual sale as a completely different product. Th...

Q: In the face of stable (or declining) enrollments and increasing

In the face of stable (or declining) enrollments and increasing costs, many colleges and universities, both public and private, find themselves in progressively tighter financial dilemmas that require...

Q: General Medical makes disposable syringes for hospitals and doctor supply companies.

General Medical makes disposable syringes for hospitals and doctor supply companies. The company uses cost-plus pricing and currently charges 150 percent of average variable costs. General Medical lea...

Q: If notorious firm behavior (i.e., defrauding a buyer

If notorious firm behavior (i.e., defrauding a buyer of high-priced experience goods by delivering low quality) becomes known throughout the marketplace only with a lag of three periods, profits on hi...

Q: The Pear Computer Company just developed a totally revolutionary new personal computer

The Pear Computer Company just developed a totally revolutionary new personal computer. It estimates that it will take competitors at least two years to produce equivalent products. The demand functio...

Q: Suppose an enhanced effectiveness of cooperative advertising occurs if the distributor shares

Suppose an enhanced effectiveness of cooperative advertising occurs if the distributor shares its superior on-the-spot information about current trends in the marketplace with the manufacturer. Explai...

Q: In the Division of a Decaying Business game, what should you

In the Division of a Decaying Business game, what should you offer if the assets at the start of the game are $4 million rather than $3 million? Now is there a first mover or second-mover advantage? W...