Questions from Managerial Economics


Q: In the United States, steel production has remained constant since the

In the United States, steel production has remained constant since the 1970s at about 100 million tons per year. Large integrated companies, like U.S. Steel remain important in the industry, but rough...

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Q: In linear programming, why is it so critical that the number

In linear programming, why is it so critical that the number of nonzero-valued variables exactly equal the number of constraints at corners of the feasible space?

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Q: The Las Vegas Valley Water District (LVVWD) is a not

The Las Vegas Valley Water District (LVVWD) is a not-for-profit agency that began providing water to the Las Vegas Valley in 1954. The District helped build the city's water delivery system and now pr...

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Q: It remains a widely held belief that regulation is in the

It remains a widely held belief that regulation is in the public interest and influences firm behavior toward socially desirable ends. However, in the early 1970s, Nobel laureate George Stigler and h...

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Q: Branded Products, Inc., based in Oakland, California, is

Branded Products, Inc., based in Oakland, California, is a leading producer and marketer of household laundry detergent and bleach products. About a year ago, Branded Products rolled out its new Super...

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Q: Gross Domestic Product (GDP) is a measure of overall activity

Gross Domestic Product (GDP) is a measure of overall activity in the economy. It is defined as the value at the final point of sale of all goods and services produced during a given period by both dom...

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Q: In the 1930s, economists Adolf A. Berle and Gardiner C

In the 1930s, economists Adolf A. Berle and Gardiner C. Means expressed concern that managers with relatively little ownership interest might demonstrate a suboptimal focus on transitory short-term pr...

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Q: Both General Electric and Microsoft Corp. feature charismatic and highly effective

Both General Electric and Microsoft Corp. feature charismatic and highly effective chief executive officers, display enviable records of serving growing markets with remarkable efficiency, and enjoy s...

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Q: Suppose Modern Merchandise, Inc., makes and markets do-it

Suppose Modern Merchandise, Inc., makes and markets do-it- yourself hardware, housewares, and industrial products. The company's new Aperture Miniblind is winning customers by virtue of its high quali...

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Q: Idaho Natural Resources (INR) has two mines with different production

Idaho Natural Resources (INR) has two mines with different production capabilities for producing the same type of ore. After mining and crushing, the ore is graded into three classes: high, medium, an...

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