Study of Managerial Economics essentially involves the analysis of certain . Any discussion on demand cannot be complete without understanding supply.
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Managerial Economics question paper BPUT MBA first semester, 2017. Posted by : Somya Sahoo. College Name : BITM.
View Notes - ME Managerial Economics notes from MBA 25200 at IMT Institute for Advanced Studies. NOTES ON . View full document . College of IT & Management Education (CIME), Bhubaneswar (A Constituent College of BPUT, Odisha).
BPUT mba 1 sem managerial economics mgt102 2018 question papers and solutions answers Biju Patnaik University Rourkela Odisha.
Details may constitute a former lecturer of managerial economics tools to resolve them and works . Doctor of bput mba full form style overrides in engineering.
These notes have been prepared to help the students of BPUT in their . Gupta, “ Managerial Economics”, TMH. 5. Lal and . demand curve market as a whole.
Master in Business Administration 2 year full time Programme in Management Approved by AICTE & Affiliated to BPUT, Odisha. . MNG 104, Economics for Management, 4, 100, 50, 150. MNG 105, Management Principles and Practices, 3.
Managerial Economics. Managerial Economics. Saroj Kumar. Reference BPUT/MBA/1/03. Quantity. This product is not sold individually. You must select at least.
From Managerial Economics
Perfect competition has many firms, homogeneous product, free entry/exit and firms are price takers with AR=MR=P; long-run profits are normal.
Monopoly has a single seller, no close substitutes and strong entry barriers; firm is a price maker with downward sloping AR and MR below AR; it can maintain supernormal profits in long run.
Thus pricing power and entry conditions differ sharply.
Microeconomics studies individual units like consumers, firms and industries; it explains demand, supply, costs and pricing.
Macroeconomics studies the economy as a whole; it deals with aggregates like national income, inflation, unemployment, interest rates and business cycles.
Managerial economics mainly uses micro tools but also considers macro factors for business environment.
Managerial economics is a stream of management studies which emphasises solving business problems and decision-making by applying the theories and principles of microeconomics and macroeconomics. It is a specialised stream dealing with the organisation's internal issues by using various economic theories.
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EMV is the weighted average of possible monetary outcomes using probabilities.
Formula:
List alternatives → list outcomes + probabilities → compute EMV for each
→ choose highest EMV (risk-neutral)
Suppose Alternative A gives profit ₹1,00,000 with p=0.6 and loss ₹20,000 with p=0.4.
EMV is an average and may ignore variability and worst-case outcomes, so risk attitude matters.