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ECO 550 Complete Class - All Quizzes, Problems & Assignments Click Link Below To Get Entire Class: http://strtutorials.com/ECO-550-Complete-Class-All-Quizzes-Problems-Assignments-ECO55018.htm

ECO 550 Complete Class - All Quizzes, Problems & Assignments ECO 550 WK 3 Assignment 1 - Making Decisions Based on Demand and Forecasting ECO 550 WK 6 Assignment 2 - Operations Decision ECO 550 WK 8 Assignment 3 - Market Model Patterns of Change ECO 550 WK 10 Assignment 4 - Long Term Investment Decisions Chapter 1-17 Chapter Problem Solution All the Quizzes, Midterm and Final Exams

ECO 550 Managerial Economics

ECO 550 WK 3 Assignment 1 - Making Decisions Based on Demand and Forecasting Click Link Below To Download: http://strtutorials.com/ECO-550-WK-3-Assignment-1-Making-Decisions-Based-on-Demandand-ECO5501.htm Assignment 1: Making Decisions Based on Demand and Forecasting Dominoâ&#x20AC;&#x2122;s Pizza is considering entering the marketplace in your community. Conduct research about the demographics of your community, for example the population size and average incomeper household and other independent variables, such as price of pizza and price of soda, for this assignment. By conducting a demand analysis and forecast for pizza, you will be able to make a decision whether Dominoâ&#x20AC;&#x2122;s should establish a presence in your community. 1. Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables. 2. Using Excel or other calculation software, input the data you collected in criterion one to calculate an estimated regression. Then, from the calculation provided, interpret the coefficient of determination, indicating how it will influence your decision to open the pizza business. Explain any additional variables that may improve the coefficient of determination.

3. Test the statistical significance of the variables and the regression equation, indicating how it will impact your decision to open the pizza business. 4. Forecast the demand for pizza in your community for the next four (4) months using the regression equation, including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast. 5. Based on the forecasting demand, determine whether Dominos should establish a restaurant in your community. Provide a rationale and support for the decision. 6. Cite at least two (2) different government sources for the demographic information you collected.

ECO 550 WK 6 Assignment 2 - Operations Decision Click Link Below To Download: http://strtutorials.com/ECO-550-WK-6-Assignment-2-Operations-Decision-ECO5502.htm Assignment 2 "Operations Decision" Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of output per month (working 20 days / month). The daily wage (per worker) is $70, and the price of the firm's output is $32. The cost of other variable inputs is $2,000 per day. You are told that the firm's fixed cost is â&#x20AC;&#x153;high enoughâ&#x20AC;? so that the firm's total costs exceed its total revenue. The marginal cost of the last unit is $30. (Ch 7 & 8 to solve) This assignment allows you to determine the specific details about this fictitious company in order to conduct an environmental scan of this company. Write a three to four (4-5) page paper in which you: Briefly describe the details of the fictitious business that you created for this assignment. Assess the current environmental scan factors that are relevant to the decision making process. Determine the factors that will have the greatest impact on plant operations and managementâ&#x20AC;&#x2122;s decision to continue or discontinue operations. Provide a rationale for your determination. Evaluate the financial performance of the company using the information provided in the scenario. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences managerial decisions. Be sure to show the calculations that helped you reach your conclusions. Recommend how the company can improve its profitability to deliver more value to its stakeholders. Then, develop a brief plan to implement the recommendations. Assess the circumstances in which the company should discontinue operations and how management should react when confronted with these

circumstances. Provide a rationale with your response. Use at least (4) high-quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

ECO 550 WK 8 Assignment 3 - Market Model Patterns of Change Click Link Below To Download: http://strtutorials.com/ECO-550-WK-8-Assignment-3-Market-Model-Patterns-of-ChangeECO5503.htm Assignment 3 "Market Model Patterns of Change" Choose and research a specific business that is publicly traded where there has been a pattern of change in a particular market model (monopoly, oligopoly, etc.). Write a five (5) page paper in which you: Describe the business and explain the general pattern of change of the particular market model indicating how this change is likely to impact business operations. Hypothesize the basic shortrun and long-run behaviors of the model in the business you have chosen in a “market economy.” Provide support for your assumptions and conclusions. Researching the company, collect costs, revenue data, other data from the business or that you deem relevant. Explain how you would modify the data in order to make it relevant to decisions a manager must make. Explain the major factors that affect the degree of competitiveness in your business. Use the data to develop at least three (3) measures (e.g., productivity measures) to show how the industry is evolving. Provide evidence supporting your rationale. Research two of the business’ closest competitors to determine the pricing strategy for each business indicating how knowledge of this information may influence pricing decisions in your business. Provide support for your rationale. Recommend a pricing policy for the business you chose. Assess how your pricing policy maximizes profits for the business. Provide support for your rationale. Use at least Four(4) highquality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the studentâ&#x20AC;&#x2122;s name, the professorâ&#x20AC;&#x2122;s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

ECO 550 WK 10 Assignment 4 - Long Term Investment Decisions Click Link Below To Download: http://strtutorials.com/ECO-550-WK-10-Assignment-4-Long-Term-Investment-DecisionsECO5504.htm Assignment 4: Long-Term Investment Decisions Assume that the industry you wrote about in Assignment 3 wants to expand and has to make some longterm capital budgeting decisions. Now the industry is confronted with government regulations to oversee the merger. Write a four to five (4-5) page paper in which you: 1. Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation. 2. Justify the rationale for the intervention of government in the market process in the U.S. 3. Assume that the companyâ&#x20AC;&#x2122;s is considering a merger. The possible merger currently faces some threats and that the industry decides on self-expansion as an alternative strategy, describe the additional complexities that would arise under this new scenario of expansion via capital projects. 4. Analyze how the different forces will come together to create a convergence between the interests of stockholders and managers indicating the most likely impact to profitability. Provide support for your response. 5. Use at least three (3) high-quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

Assume that the industry you wrote about in Assignment 3 wants to expand and has to make some longterm capital budgeting decisions. Now the industry is confronted with government regulations to oversee the merger. ECO 550 Managerial Economics Strayer Universty Chapter 1-17 Chapter Problem Solution All the Quizzes, Midterm and Final Exams

ECO 550 WK 1 Chapter 1 and Chapter 2 Problems Click Link Below To Download: http://strtutorials.com/ECO-550-WK-1-Chapter-1-and-Chapter-2-Problems-ECO5505.htm ECO 550 WK 1 Chapter 1 and Chapter 2 Problems Check Your Understanding o Chapter 1: Problems 2, 3, and 6 o Chapter 2: Problems 1, 5, and 6

ECO 550 WK 2 Chapter 3 and Chapter 4 Problems Click Link Below To Download: http://strtutorials.com/ECO-550-WK-2-Chapter-3-and-Chapter-4-Problems-ECO5506.htm ECO 550 WK 2 Chapter 3 and Chapter 4 Problems Check Your Understanding o Chapter 3: Problems 3, 4, and 7 o Chapter 4: Problems 5, 6, and 7

ECO 550 WK 2 Quiz Chapter 1,2 - All Possible Questions Click Link Below To Download: http://strtutorials.com/ECO-550-WK-2-Quiz-Chapter-12-All-Possible-Questions-ECO55015.htm Chapter 1â&#x20AC;&#x201D;Introduction and Goals of the Firm MULTIPLE CHOICE

a. b. c. d. e.

1. The form of economics most relevant to managerial decision-making within the firm is: macroeconomics welfare economics free-enterprise economics microeconomics none of the above

2. If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable if: a. it increases revenue more than costs or reduces costs more than revenue b. it decreases some costs more than it increases others (assuming revenues remain constant) c. it increases some revenues more than it decreases others (assuming costs remain constant) d. all of the above e. b and c only 3. In the shareholder wealth maximization model, the value of a firm's stock is equal to the present value of all expected future ____ discounted at the stockholders' required rate of return. a. profits (cash flows) b. revenues c. outlays d. costs e. investments 4. Which of the following statements concerning the shareholder wealth maximization model is (are) true? a. The timing of future profits is explicitly considered. b. The model provides a conceptual basis for evaluating differential levels of risk. c. The model is only valid for dividend-paying firms. d. a and b e. a, b, and c 5. According to the profit-maximization goal, the firm should attempt to maximize short-run profits since there is too much uncertainty associated with long-run profits. a. true b. false 6. According to the innovation theory of profit, above-normal profits are necessary to compensate the owners of the firm for the risk they assume when making their investments. a. true b. false 7. According to the managerial efficiency theory of profit, above-normal profits can arise because of high-quality managerial skills. a. true b. false

a. b. c. d. e.

8. Which of the following (if any) is not a factor affecting the profit performance of firms: differential risk innovation managerial skills existence of monopoly power all of the above are factors

9. Agency problems and costs are incurred whenever the owners of a firm delegate decisionmaking authority to management. a. true b. false 10. Economic profit is defined as the difference between revenue and ____. a. explicit cost b. total economic cost c. implicit cost d. shareholder wealth e. none of the above 11. Income tax payments are an example of ____. a. implicit costs b. explicit costs c. normal return on investment d. shareholder wealth e. none of the above 12. Various executive compensation plans have been employed to motivate managers to make decisions that maximize shareholder wealth. These include: a. cash bonuses based on length of service with the firm b. bonuses for resisting hostile takeovers c. requiring officers to own stock in the company d. large corporate staffs e. a, b, and c only

ECO 550 WK 3 Chapter 5 and Chapter 6 Problems Click Link Below To Download: http://strtutorials.com/ECO-550-WK-3-Chapter-5-and-Chapter-6-Problems-ECO5507.htm ECO 550 WK 3 Chapter 5 and Chapter 6 Problems Check Your Understanding o Chapter 5: Problems 1, 5, 6, and 9 o Chapter 6: Problems 2, 7, 9, and 10

ECO 550 WK 4 Chapter 7 and Chapter 8 Problems Click Link Below To Download: http://strtutorials.com/ECO-550-WK-4-Chapter-7-and-Chapter-8-Problems-ECO5508.htm ECO 550 WK 4 Chapter 7 and Chapter 8 Problems Check Your Understanding o Chapter 7: Problems 1, 6, 8, and 9 o Chapter 8: Problems 2(a), 4, and 6(a)

ECO 550 WK 5 Chapter 9 and Chapter 10 Problems Click Link Below To Download: http://strtutorials.com/ECO-550-WK-5-Chapter-9-and-Chapter-10-Problems-ECO5509.htm ECO 550 WK 5 Chapter 9 and Chapter 10 Problems Check Your Understanding o Chapter 9: Problems 3, 4, and 5 o Chapter 10: Problems 2, 6, and 10

ECO 550 WK 5 Midterm Exam - All Possible Questions Click Link Below To Download: http://strtutorials.com/ECO-550-WK-5-Midterm-Exam-All-Possible-Questions-ECO55016.htm ECO 550 WK 5 Midterm Exam - All Possible Questions Chapter 1â&#x20AC;&#x201D;Introduction and Goals of the Firm MULTIPLE CHOICE 1. The form of economics most relevant to managerial decision-making within the firm is: a. macroeconomics b. welfare economics c. free-enterprise economics d. microeconomics e. none of the above

3. In the shareholder wealth maximization model, the value of a firm's stock is equal to the present value of all expected future ____ discounted at the stockholders' required rate of return. a. profits (cash flows) b. revenues c. outlays d. costs e. investments

4. Which of the following statements concerning the shareholder wealth maximization model is (are) true? a. The timing of future profits is explicitly considered. b. The model provides a conceptual basis for evaluating differential levels of risk. c. The model is only valid for dividend-paying firms. d. a and b e. a, b, and c

5. According to the profit-maximization goal, the firm should attempt to maximize short-run profits since there is too much uncertainty associated with long-run profits. a. true b. false

6. According to the innovation theory of profit, above-normal profits are necessary to compensate the owners of the firm for the risk they assume when making their investments. a. true b. false 7. According to the managerial efficiency theory of profit, above-normal profits can arise because of high-quality managerial skills. a. true b. false

8. Which of the following (if any) is not a factor affecting the profit performance of firms: a. differential risk b. innovation c. managerial skills

d. existence of monopoly power e. all of the above are factors

9. Agency problems and costs are incurred whenever the owners of a firm delegate decisionmaking authority to management. a. true b. false

10. Economic profit is defined as the difference between revenue and ____. a. explicit cost b. total economic cost c. implicit cost d. shareholder wealth e. none of the above

11. Income tax payments are an example of ____. a. implicit costs b. explicit costs c. normal return on investment d. shareholder wealth e. none of the above

ECO 550 WK 6 Chapter 11 and Chapter 12 Problems Click Link Below To Download: http://strtutorials.com/ECO-550-WK-6-Chapter-11-and-Chapter-12-Problems-ECO55010.htm ECO 550 WK 6 Chapter 11 and Chapter 12 Problems Check Your Understanding o Chapter 11: Problems 2(a, b), 4(a, c), and 6 o Chapter 12: Problems 1, 2(b), and 5(b)

ECO 550 WK 7 Chapter 13 and Chapter 14 Problems Click Link Below To Download: http://strtutorials.com/ECO-550-WK-7-Chapter-13-and-Chapter-14-Problems-ECO55011.htm ECO 550 WK 7 Chapter 13 and Chapter 14 Problems Check Your Understanding o Chapter 13: Problems 2, 13, and 15 o Chapter 14: Problems 3(b, c, d), 5(a, b, c), and 8(a, b, c)

ECO 550 WK 8 Chapter 15 Problems

Click Link Below To Download: http://strtutorials.com/ECO-550-WK-8-Chapter-15-Problems-ECO55012.htm ECO 550 WK 8 Chapter 15 Problems Check Your Understanding o Chapter 15: Problems 2, 5, and 6

ECO 550 WK 9 Chapter 16 Problems Click Link Below To Download: http://strtutorials.com/ECO-550-WK-9-Chapter-16-Problems-ECO55013.htm ECO 550 WK 9 Chapter 16 Problems Check Your Understanding o Chapter 16: Problems 4, 6(a, c), 9

ECO 550 WK 10 Chapter 17 Problems Click Link Below To Download: http://strtutorials.com/ECO-550-WK-10-Chapter-17-Problems-ECO55014.htm ECO 550 WK 10 Chapter 17 Problems Check Your Understanding o Chapter 17: Problems 1, 5, and 9(c)

ECO 550 WK 11 Final Exam - All Possible Questions Click Link Below To Download: http://strtutorials.com/ECO-550-WK-11-Final-Exam-All-Possible-Questions-ECO55017.htm ECO 550 WK 11 Final Exam - All Possible Questions MULTIPLE CHOICE 1. Evidence from empirical studies of short-run cost-output relationships lends support to the: a. existence of a non-linear cubic total cost function b. hypothesis that marginal costs first decrease, then gradually increase over the normal operating range of the firm c. hypothesis that total costs increase quadratically over the ranges of output examined d. hypothesis that total costs increase linearly over the range of output examined e. none of the above

2. The short-run cost function is: a. where all inputs to the production process are variable b. relevant to decisions in which one or more inputs to the production process are fixed c. not relevant to optimal pricing and production output decisions d. crucial in making optimal investment decisions in new production facilities

e. none of the above

3. Theoretically, in a long-run cost function: a. all inputs are fixed b. all inputs are considered variable c. some inputs are always fixed d. capital and labor are always combined in fixed proportions e. b and d

4. Break-even analysis usually assumes all of the following except: a. in the short run, there is no distinction between variable and fixed costs. b. revenue and cost curves are straight-lines throughout the analysis. c. there appears to be perfect competition since the price is considered to remain the same regardless of quantity. d. the straight-line cost curve implies that marginal cost is constant. e. both c and d 5. What is another term meaning the degree of operating leverage? a. The measure of the importance of fixed cost. b. The operating profit elasticity. c. The measure of business risk. d. D.O.L. e. All of the above. 6. In a study of banking by asset size over time, we can find which asset sizes are tending to become more prominent. The size that is becoming more predominant is presumed to be least cost. This is called: a. regression to the mean analysis. b. breakeven analysis. c. survivorship analysis. d. engineering cost analysis. e. a Willie Sutton analysis. 7. George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner. Its variable cost per customer averages $3, and its annual fixed cost is $40,000. If George Webb wants to make a profit of $20,000 per year at the diner, it will have to serve__________ customers per year. a. 10,000 customers b. 20,000 customers

c. 30,000 customers d. 40,000 customers e. 50,000 customers 8. In determining the shape of the cost-output relationship only ____ depreciation is relevant. a. direct b. indirect c. usage d. time e. scheduled

9. Which of the following is not a limitation of the survivor technique for measuring the optimum size of firms within an industry? a. since the technique does not employ actual cost data in the analysis, there is no way to assess the magnitude of the cost differentials between firms of varying size and efficiency. b. the managerial and entrepreneurial aspects of the production process are not included in the analysis c. because of legal factors, the long-run cost curve derived by this technique may be distorted and may not measure the cost curve postulated in economic theory d. a and b e. b and c

10. The primary disadvantage of engineering methods for measuring cost functions is that they deal with the managerial and entrepreneurial aspects of the production process or plant. a. true b. false

11. A linear total cost function implies that: a. marginal costs are constant as output increases b. average total costs are continually decreasing as output increases c. a and b d. none of the above

12. A ____ total cost function implies that marginal costs ____ as output is increased. a. linear; increase linearly

b. quadratic; increase linearly c. cubic; increase linearly d. a and b e. none of the above

13. A ____ total cost function implies that marginal costs ____ as output is increased. a. linear; increase linearly b. quadratic; are constant c. cubic; increase linearly d. linear; are constant e. none of the above

Chapter 1 Quiz: 1. a. b. c. d. e.

The form of economics most relevant to managerial decision-making within the firm is: macroeconomics welfare economics free-enterprise economics microeconomics none of the above

c. d. e.

outlays costs investments

5. According to the profit-maximization goal, the firm should attempt to maximize shortrun profits since there is too much uncertainty associated with long-run profits. a. true b. false

6. According to the innovation theory of profit, above-normal profits are necessary to compensate the owners of the firm for the risk they assume when making their investments. a. true b. false

7. According to the managerial efficiency theory of profit, above-normal profits can arise because of high-quality managerial skills. a. true b. false

8. a. b. c. d. e.

Which of the following (if any) is not a factor affecting the profit performance of firms: differential risk innovation managerial skills existence of monopoly power all of the above are factors

9. Agency problems and costs are incurred whenever the owners of a firm delegate decision-making authority to management. a. true b. false

10. a. b. c. d. e.

Economic profit is defined as the difference between revenue and ____. explicit cost total economic cost implicit cost shareholder wealth none of the above

11. a. b. c. d. e.

Income tax payments are an example of ____. implicit costs explicit costs normal return on investment shareholder wealth none of the above

12. Various executive compensation plans have been employed to motivate managers to make decisions that maximize shareholder wealth. These include: a. b. c. d. e.

cash bonuses based on length of service with the firm bonuses for resisting hostile takeovers requiring officers to own stock in the company large corporate staffs a, b, and c only

13. a. b. c. d. e.

The common factors that give rise to all principal-agent problems include the unobservability of some manager-agent action presence of random disturbances in team production the greater number of agents relative to the number of principals a and b only none of the above

14. The Saturn Corporation (once a division of GM) was permanently closed in 2009. What went wrong with Saturn? a. Saturn’s cars sold at prices higher than rivals Honda or Toyota, so they could not sell many cars. b. Saturn sold cars below the prices of Honda or Toyota, earning a low 3% rate of return. c. Saturn found that young buyers of Saturn automobiles were very loyal to Saturn and GM. d. Saturn implemented a change management view that helped make first time Saturn purchasers trade up to Buick or Cadillac. e. all of the above 15. A Real Option Value is: a. An option that been deflated by the cost of living index makes it a “real” option. b. An opportunity cost of capital. c. An opportunity to implement a new cost savings or revenue expansion activity that arises from business plans that the managers adopt. d. An objective function and a decision rule that comes from it. e. Both a and b. 16. Which of the following will increase (V0), the shareholder wealth maximization model of the firm: t ) / (1+ke)t + Real Option Value.t=1 (V0∙(shares outstanding) = a. Decrease the required rate of return (ke). t).b. Decrease the stream of profits ( to 10 perc. Decrease the number of periods from iods. d. Decrease the real option value. e. All of the above. 17. a. b. c. d. e

The primary objective of a for-profit firm is to ___________. maximize agency costs minimize average cost maximize total revenue set output where total revenue equals total cost maximize shareholder value

18. Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT: a. maximize total costs b. maximize output, subject to a breakeven constraint c. maximize the happiness of the administrators of the NFP enterprise d. maximize the utility of the contributors e. a. and c.

19. The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers? a. risk-bearing theory of profit b. dynamic equilibrium theory of profit c. innovation theory of profit d. managerial efficiency theory of profit e. stochastic optimization theory of profit 20. a. b. c. d. e.

To reduce Agency Problems, executive compensation should be designed to: create incentives so that managers act like owners of the firm. avoid making the executives own shares in the company. be an increasing function of the firm's expenses. be an increasing function of the sales revenue received by the firm. all of the above

21. Recently, the American Medical Association changed its recommendations on the frequency of pap-smear exams for women. The new frequency recommendation was designed to address the family histories of the patients. The optimal frequency should be where the marginal benefit of an additional pap-test: a. equals zero. b. is greater than the marginal cost of the test c. is lower than the marginal cost of an additional test d. equals the marginal cost of the test e. both a and b. Chapter 2 Quiz: