- (b) What is cost-plus pricing ?Explain its limitations. QUESTION TWO (a)Managerial economics is the integration of economic theory with business practice for the purpose of facilitating decision making and forward planning. Explain the relevance of this statement to management. (12marks) (8marks) (c) Explain the determinants of costs of production incurred by firms. (5marks) (a) Given a demand function of the linear form: Q=1000-20p Calculate and interpret the point elasticity of demand when p=100 and Q=800 and discuss the importance of the concept of elasticity of demand to managers and government . (10marks) (b)Explain the concept the law of variable proportions and its reliance in management of a firm. (5marks) QUESTION THREE (a)Suppose you are a manager of a firm earning Ksh.250,000 per month and you decide to open your business. Your revenue during the first year of operations is 120,000 and expenses are as follows: Salaries Supplies 45,000 15,000 10,000 Utilities 1000 Interest on loan 10,000 Calculate: (i) Explicit and implicit costs. (4marks) (ii) Business and economic profit. (4marks) (iii) Would you advice the manager to run his business or employ Someone else to help him? (2marks) (b) Explain determinants of demand for a good or service. (5marks) (a) Giv) as T TC Determine poter pro (ii) Ma (b) Explain the iii) Pro QUESTION F Texas Fur line of ful from the R The own made to r Required
- QUESTION FOUR A management economist wishes to do a cost analysis for his company for planning and decision naking purposes. Using the below given data: Output & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 Fotal Cost & 60 & 80 & 90 & 96 & 100 & 144 & 210 & 320 & 540 & 900 Average cost & & & & & & & & & & Marginal cost & & & & & & & & & & a) Calculate the average cost and Marginal cost (10 marks) b) Explain the average - Marginal cost relationship using a diagram and advice the company (5 marks) QUESTION FIVE a) Highlight SIX characteristics of a perfectly competitive market. (6 marks) b) Discuss the following pricing strategies i. Price discrimination (3 marks) ii. Commodity bundling pricing (3 marks) iii. Block Pricing (3 marks) QUESTION SIX Governments are involved in the private sector due to market not clearing. Discuss with the managers attending a business conference under the theme "The role of government in the market "lace" a) The causes of market failure (10 marks) b) Government policies and interventions used to rectify market failures (5 marks)
- Ход работы: Используя материал учебника и справочные материалы, заполните таблицу: multicolumn(1)(|c|)( Страна ) & Уровень социально- экономического развития (размер ВВП на душу населения) & Наличиеогуствие экологических проблем & Средняя продолжительность жизни Япония & & & Швеция & & & Россия & & & Индия & & & Руанда & & & - Сделайте сравнительный анализ данных, внесенных вами в таблицу. - Сделайте вывод о взаимосвязи уровня социально-экономического развития страны качества жизни населения
- 4. Write the jobs (1 POINT) 1 building walls -underline ( ) 2 post office -underline ( ) 3. taxi -underline ( ) 4 dentist's -underline ( ) 5 foreign countries -underline ( )
- a). Discuss the steps involved in the capital budgeting process (6 marks) b). The director of finance has asked you the managerial economist to analyze proposed projects. The projects, A and B have costs of Kshs. 20,000 and Kshs. 25,000 respectively and a cost of capital of 12 % . The proposed projects expected net cash flows (in Kshs.) are as follows; & Expected Net Cash Flow Year & Project A & Project B 0 & -20,000 & -25,000 1 & 4,000 & 8,000 2 & 6,000 & 6,000 3 & 6,000 & 5,000 4 & 7,000 & 6,000 5 & 6,000 & 8,000 For each project, compute the measures below and advise the director. i). The Payback period (PIS). [3 marks] ii). Net Present Value (NPV). [3 marks] iii). Internal Rate of Return (IRR). (3 marks) QUESTION FIVE a). Distinguish between implicit and explicit costs. (4 marks) b). Explain the meaning of cross-price elasticity of demand and clearly explain its value for substitutes and complementary commodities. (6 marks) c). Explain using illustrations the difference between economies and diseconomies of scale. (5 marks) QUESTION SIX a). The management of Pronto Holdings has completed a study of weekly demand for its colfee in 48 regional outlets. The study revealed that: Q=400-1,200 P+0.8 A+55 P q+800 P . Where Q is the number of cups of colfee sold per outlet per week
Помощь с деловыми заданиями
Написание стандартного делового задания никогда не было легкой задачей для большинства молодых людей. Требуется хорошее понимание темы задания, вида и направления бизнеса; а также разработать идеальный план и структуру содержания задания и приступить к написанию основного текста, а также к корректуре текста на более позднем этапе.
Поэтому они часто ищут профессиональных помощников по выполнению заданий, чтобы получить хорошие идеи. Будь то ввод каких-либо инструкций для ИИ, чтобы получить структуру статьи, или обращение к нему за помощью для получения привлекательных тем. Вы можете выбрать нас для мгновенной разработки непревзойденных качественных решений.