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Author Question: Managerial economics is best defined as A) the study of economics by managers. B) the study of ... (Read 170 times)

armygirl

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on: Jul 1, 2018
Managerial economics is best defined as
 
  A) the study of economics by managers.
  B) the study of the aggregate economic activity.
  C) the study of how managers make decisions about the use of scarce resources.
  D) All of the above are good definitions.

Question 2

If the market demand elasticity is constant at -3 and a monopolist's MPL = 1.2L-0.5, then the labor demand for the monopoly is
 
  A) 0.8PL-0.5.
  B) 0.4PL-0.5.
  C) 0.8PL-2.
  D) 0.4PL-2.


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bhavsar

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


armygirl

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

steff9894

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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