Explain the term Explicit and Implicit costs. Give examples. What is Economic Profit as compared to Financial Profit: Managerial Economics Assignment, UON, Malaysia
| University | University of Nottingham (UON) |
| Subject | Managerial Economics |
QUESTION 1
(a) Explain the term Explicit and Implicit costs. Give examples.
(b) What is Economic Profit as compared to Financial Profit? To compute Economic Profits, which costs are used? Give example.
QUESTION 2
(a) What is Price Discrimination? Give examples.
(b) Determine the conditions for price discrimination to be effective
QUESTION 3
(a) Oligopoly Market Structure – discuss the main features and basis of firm competition
(b) What is Monopolistic Competition? Give examples.
QUESTION 4
(a) Explain the term inflation and how it is measured.
(b) Describe the fiscal and monetary measures that are normally taken to curb inflation.
QUESTION 5
Mr. Rahim is planning to pursue MBA studies. Initial inquiry shows that he will have to pay RM 25,000 as a tuition fee, buy books for RM 1,000, and pay for transport for RM1,000. The MBA study program will extend over 15 months. Mr. Rahim is working now with a salary of RM 2,500 per month. Being a full-time student, he will have to forego the income from his present job for the period of study.
Work out:
(a) Financial cost
(b) Economic Cost of doing an MBA
Get Help By Expert
If you're searching for cheap essay writing help, look no further than Malaysia Assignment Help. Our highly skilled writers adhere to all university rules and deliver top-quality assignment answers at an economical cost. So contact us today to get the best assignment help in Malaysia!
Recent Solved Questions
- OUMH1303: Describe Effective Verbal and Non-Verbal Language in Expressing Formal: English For Oral Communication Assignment, OUM
- ou will employ PEST analysis, SWOT analysis, and Michael Porter’s Five Forces1 applying visualization tools: Business Information Systems Report, MUM, Malaysia
- Recall a challenging episode or problem in their life that can be related to any psychological concepts: Psychology Essay, AUTI, Malaysia
- BM6023: As the millennium began, the future for Krispy Kreme Doughnuts, Inc., smelled sweet Not only could the company boast iconic status: Managerial Accounting & Finance Case Study, HWU, Malaysia
- PSY231: you are required to select one topic or issue from any area of psychology, and explain how the issue can be viewed from an evolutionary psychology perspective: Evolutionary Psychology Essay, MUM, Malaysia
- Computational social choice exploits the idea that any mechanism we may use to make collective decisions is ultimately an algorithm: Management Science Report, UON, Malaysia
- Provide a theoretical and empirical review of Public Preferences attributed to conservation management: Environmental Economics and Environmental Management Thesis, UOY, Malaysia
- Identify an issue at your company that needs to be solved. The issue can revolve around: Business English Report, UBir, Malaysia
- Evaluate each alternative solution that identified as per below Describe the strengths and weaknesses of the 5 solutions provided below: English Case Study, UON, Malaysia
- MPU3242: A mission statement provides an ideal vision for the company’s future and directs its growth: INNOVATION MANAGEMENT Assignment, UniKL, Malaysia
