This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Managerial economics is best defined as A) the study of economics by managers. B) the study of ... (Read 122 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bhavsar

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


armygirl

  • Member
  • Posts: 556
Reply 2 on: Jul 1, 2018
Excellent

frankwu0507

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Flipper tags have been extensively used in the study of penguin population dynamics. Flipper tags have been extensively used in the study of penguin population dynamics.
The Six Major Divisions of Biopsychology, with Examples of How They Have Approached the Study of ... The Six Major Divisions of Biopsychology, with Examples of How They Have Approached the Study of ...
Do you know how many calories are in your chips-and-soda “study snack”? Do you know how many calories are in your chips-and-soda “study snack”?
Economics Today: The Micro View, 19th Edition Economics Today: The Micro View, 19th Edition
Economics question Economics question
Economics question Economics question
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library