Skip to Main Content
Managerial Economics and Strategy, 2/e
book

Managerial Economics and Strategy, 2/e

by Jeffrey M. Perloff, James A. Brander
February 2016
Beginner to intermediate content levelBeginner to intermediate
500 pages
33h 40m
English
Pearson
Content preview from Managerial Economics and Strategy, 2/e

Questions

All exercises are available on MyEconLab; =answer [&\*|=|answer&] at the back of this book.

1.Production Functions

  1. 1.1 What are the main types of capital, labor, and materials used to produce licorice?

  2. *1.2 Suppose that for the function q=f( L,K ), [&q|=|f(L,K),&] if L=3 [&L|=|3&] and K=5 [&K|=|5&] then q=10. [&q|=|10.&] Is it possible that L=3 [&L|=|3&] and K=6 [&K|=|6&] also yields q=10 [&q|=|10&] for this production function? Why or why not?

  3. 1.3 Consider Boeing (a producer of jet aircraft), General Mills (a producer of breakfast cereals), and Wacky Jack’s (which claims to be the largest U.S. provider of singing telegrams). For which of these firms is the short run the longest period of time? ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Managerial Economics

Managerial Economics

Vanita Agarwal
Managerial Economics

Managerial Economics

Donald N. Stengel
Principles of Managerial Finance, 15th Edition

Principles of Managerial Finance, 15th Edition

Scott B. Smart, Chad J. Zutter, Lawrence J. Gitman

Publisher Resources

ISBN: 9780134472553