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Contents
INSTRUCTOR’S MANUALPage Number
Chapter 1Introduction and Goals of the Firm...... 3
Chapter 2Fundamental Economic Concepts...... 7
Chapter 2ADifferential Calculus Techniques in Management...... 9
Chapter 3Demand Analysis...... 16
Web Chapter AConsumer Choice Using Indifference Curve Analysis ...... 23
Chapter 4Estimating Demand ...... 25
Appendix 4AProblems in Applying the Linear Regression Model...... 37
Chapter 5Business and Economic Forecasting...... 41
Chapter 6Managing Demand from Exports...... 56
Chapter 7 Production Economics...... 59
Appendix 7AMaximization of Production Output
Subject to a Cost Constraint...... 69
Web Chapter CProduction Decisions and Linear Programming...... 71
Chapter 8Cost Analysis...... 84
Appendix 8ALong-Run Costs with a Cobb-Douglas Production Function...... 89
Chapter 9Applications of Cost Theory...... 92
Appendix 9AMass Customization and the Learning Curve...... 96
Chapter 10Prices, Output, and Strategy:
Pure and Monopolistic Competition...... 97
Chapter 11Price and Output Determination: Monopoly and Dominant Firms..104
Chapter 12Price and Output Determination: Oligopoly...... 112
Chapter 13Game-Theoretic Rivalry: BestPractice Tactics...... 118
Chapter 13AEntry Deterrence and Accommodation Games
Web Chapter DCapacity Planning and Pricing Against a Low-Cost Competitor:
A Case Study of Piedmont Airlines and People Express...... 126
Chapter 14Pricing Techniques and Analysis...... 127
Web Chapter EPricing of Joint Products and Transfer Pricing...... 132
Chapter 15Contracting, Governance, and Organizational Form...... 138
Appendix 15AAuction Design and Information...... 142
Chapter 16Government Regulation...... 147
Chapter 17Long-Term Investment Analysis...... 153
Web Chapter FDecisions Under Risk and Uncertainty...... 163
TEST BANK – MULTIPLE CHOICE/TRUE-FALSE
Chapter 1Introduction and Goals of the Firm...... 171
Chapter 2Fundamental Economic Concepts...... 175
Chapter 3Demand Analysis...... 177
Chapter 4Estimating Demand ...... 180
Chapter 5Business and Economic Forecasting...... 184
Chapter 6Managing Exports...... 186
Chapter 7 Production Economics...... 188
Chapter 8Cost Analysis...... 192
Chapter 9Applications of Cost Theory...... 194
Chapter 10Prices, Output, and Strategy:
Pure and Monopolistic Competition...... 197
Chapter 11Price and Output Determination: Monopoly and Dominant Firms...200
Chapter 12Price and Output Determination: Oligopoly...... 202
Chapter 13Game-Theoretic Rivalry: Best-Practice Tactics...... 204
Chapter 13AEntry Deterrence and Accommodation Games...... 208
Chapter 14Pricing Techniques and Analysis...... 209
Chapter 15Contracting, Governance, and Organizational Form...... 211
Chapter 15AAuction Design and Information...... 214
Chapter 16Government Regulation...... 216
Chapter 17Long-Term Investment Analysis...... 219
Web Chapter CLinear Programming Applications...... 224
Web Chapter EPricing to Joint Products and Transfer Pricing...... 226
Web Chapter FDecisions Making Under Risk and Uncertainty...... 228
TEST BANK – Problems
Chapter 2Fundamental Economic Concepts...... 232
Chapter 3Demand Analysis...... 235
Chapter 4Estimation of Demand ...... 240
Chapter 5Business and Economic Forecasting...... 248
Chapter 6Managing Exports...... 251
Chapter 7 Production Economics...... 252
Chapter 8Cost Analysis...... 256
Chapter 9Applications of Cost Theory...... 259
Chapter 10Prices, Output, and Strategy:
Pure and Monopolistic Competition...... 261
Chapter 11Price and Output Determination: Monopoly and Dominant Firms...264
Chapter 12Price and Output Determination: Oligopoly...... 268
Chapter 13Game-Theoretic Rivalry: Best-Practice Tactics...... 272
Chapter 14Pricing Techniques and Analysis...... 276
Chapter 15Contracting, Governance, and Organizational Form...... 279
Chapter 15AAuction Design and Information...... 283
Chapter 16Government Regulation...... 287
Chapter 17Long-Term Investment Analysis...... 288
Web Chapter CLinear Programming Applications...... 296
Web Chapter EPricing to Joint Products and Transfer Pricing...... 298
Web Chapter FDecisions Making Under Risk and Uncertainty...... 300
Answers to Multiple Choice/True-False...... 301
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