ECO 550 MIDTERM Week 5 Managerial Economics THE VIDEO EXPLAINS HOW USE THE EXAM FORMAT FOR THE 9 QUESTIONS ON 4 PROBLEMS.

• INSTRUCTOR INSIGHTS

  Attached Files:

  • Solution Try One MR MC and Profit Max.pptx (51.139 KB)

  Here is the solution to the You Try One on MR MC and Profit Max. Also here is a short tutoring video on how to use the contribution margin and a elasticity to solve for MC and optimal price, the second problem on the mid-term problem set.
  

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  Name:	Using MC MR and Elasticity to Set Prices Problem 3 Type (05:42)
  Added By:	PHYLLIS ISLEY

• REMINDER

  The Problem Set is due in Week 5, but the mid-term problem set exam in now available. You have unlimited time to work on this exam. You can enter, work on the exam, save your work, come back and check your work as many times as you need to get an A. BUT MAKE SURE YOU VIEW THIS VIDEO BEFORE YOU OPEN THE EXAM! YOU NEED TO KNOW HOW TO NAVIGATE THE EXAM! WATCH THIS VIDEO BEFORE YOU OPEN THE EXAM!!!!!!!!!!!! NOT DEMONSTRATED IN THE VIDEO IS HOW TO EXIT. ONCE YOU SAVE YOUR ANSWER YOU CAN JUST CLICK BACK TO THE WEEK. DON’T WORRY ABOUT THE WARNING. OR YOU CAN SCROLL TO THE BOTTOM AND CLICK ON EXIT. JUST DON’T HIT THE SUBMIT BUTTON!!!!!
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  Name:	Watch This Video Before You Begin the Mid-Term Problem Set Exam (07:56)
  Added By:	PHYLLIS ISLEY

Applications of Price Discrimination

These guys offer some fun, but very useful insights on price discrimination. You want to be clear of how and why firms will price discriminate BEFORE YOU TAKE THE MID-TERM EXAM!

What Is Bundling and How Do You Determine if It Will Be Profitable

This is the best video I know of on what is bundling, why bundle and how do you determine if it will be profitable. You want to know this BEFORE YOU TAKE THE MID-TERM EXAM!

Before You Begin the Exam Make Sure You Have Watched Both of These Videos

These videos are on navigating the exam and on an error you may note in the exam. This error does not effect any of the calculations you are asked to do.

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