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Class Notes for MGE 302 at University at Buffalo (UB)

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UBMGE 302Matthew GreenFall

MGE 302 Lecture Notes - Lecture 12: Marginal Revenue Productivity Theory Of Wages, Network Effect, Average Variable Cost

OC24760666 Page
13 Dec 2018
0
Essential concepts: market power is the ability of a firm to raise price without losing all its sales. Any firm that faces a downward sloping demand cu
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UBMGE 302Matthew GreenFall

MGE 302 Lecture Notes - Lecture 9: Isocost, Isoquant, Marginal Cost

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13 Dec 2018
0
Essential concepts: in long-run analysis of production, all inputs are variable and isoquants are used to study production decisions. The marginal rate
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UBMGE 302Matthew GreenFall

MGE 302 Lecture Notes - Lecture 2: Economic Equilibrium, Linear Form, Normal Good

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13 Dec 2018
0
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UBMGE 302Matthew GreenFall

MGE 302 Lecture Notes - Lecture 15: Decision Rule, Standard Deviation, Relative Risk

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13 Dec 2018
0
Essential concepts: conditions of risk occur when a manager must make a decision for which the outcome is not known with certainty. Under conditions of
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UBMGE 302Matthew GreenFall

MGE 302 Lecture Notes - Lecture 10: Cubic Function, Production Function, Regression Analysis

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13 Dec 2018
0
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UBMGE 302Matthew GreenFall

MGE 302 Lecture Notes - Lecture 3: Marginalism, Sunk Costs, Marginal Utility

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13 Dec 2018
0
Marginal analysis involves changing the value of a choice variable by a small amount to see if the objective function can be further increased (in the
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UBMGE 302Matthew GreenFall

MGE 302 Lecture Notes - Lecture 1: Risk Premium, Profit Margin, Opportunity Cost

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13 Dec 2018
0
Managerial economics applies microeconomic theory the study of the behavior of individual economic agents to business problems in order to teach busine
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UBMGE 302Matthew GreenFall

MGE 302 Lecture Notes - Lecture 14: Price Discrimination, Economic Surplus, Marginal Revenue

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13 Dec 2018
0
Price discrimination: capturing consumer surplus: uniform pricing occurs when businesses charge the same rice for every unit of the product they sell.
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UBMGE 302Matthew GreenFall

MGE 302 Lecture Notes - Lecture 6: Price Elasticity Of Demand, Marginal Revenue

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13 Dec 2018
0
Since p and q are inversely related by the law of demand, the numerator and denominator of e always have opposite algebraic signs, and e is always nega
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UBMGE 302Matthew GreenFall

MGE 302 Lecture Notes - Lecture 11: Average Variable Cost, Average Cost, Marginal Revenue Productivity Theory Of Wages

OC24760667 Page
13 Dec 2018
0
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UBMGE 302Matthew GreenFall

MGE 302 Lecture Notes - Lecture 13: Strategic Dominance, Decision Games, Oligopoly

OC24760664 Page
13 Dec 2018
0
A game is any decision-making situation in which people compete with each other for the purpose of gaining the greatest individual payoff (rather than
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