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Textbook Notes for Sujata Madan

MCGILLMGCR 293Sujata MadanFall

MGCR 293 Chapter Notes -Microeconomics, Demand Curve, Taipei Metro

OC3908374 Page
9 Jan 2015
48
The main task of manager is to make good decisions. Those who gain an understanding of the complex world will increase the value of their decisions at
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MCGILLMGCR 293Sujata MadanFall

MGCR 293 Chapter Notes -Normal Good, Arc Elasticity, Marginal Revenue

OC3908376 Page
9 Jan 2015
37
An important determinant of profit is the nature of the demand for a firm"s goods or services. Good managers understand the nature of demand for produc
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MCGILLMGCR 293Sujata MadanFall

MGCR 293 Chapter Notes - Chapter 4: Production Function, Isoquant, Marginal Product

OC3908372 Page
9 Jan 2015
45
Once managers determine the demand for the firm"s product or service their job is far from over. Now they must choose the optimal method to produce. Ma
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MCGILLMGCR 293Sujata MadanFall

CH3 - Consumer Behaviour and Rational Choice (mine).docx

OC3908374 Page
9 Jan 2015
25
Market demand for a product is the aggregate of individual demands. So managers need to understand how individuals choose products. Our model for consu
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