University of Wisconsin - Milwaukee

School of Business Administration - Spring 2000

Practice Problems & Cases for Discussion Sections in Managerial Economics 320

McGuigan, Moyer, and Harris, Managerial Economics, 8th Edition


Chapter 1: Case: Reforming the Former Soviet Economy, pp. 27-28, and Exercises: 1, 2, 4, and 5 pp. 26-27.

Chapter 2: Case: Toro and the Probability of Snow, pp 49-50, and Exercises: 2, 3, 6, 10 and 11 pp. 47-49.

Chapter 3: Exercises: 7, 11, 13, and 20 pp. 70-72.

Chapter 4: Exercises: 3, 7 (use Suit's estimates for price and income elasticities of automobiles), 9, 11, 12, 20 and 26. pp. 116-119.

Chapter 5: Case: Soft Drink case pp. 183-185. We will find the price elasticity for Coca Cola. Practice exercises: 7, 8, 12, 13. pp. 175-178.

Material After Midterm #1

Chapter 6: Exercises: 5, 8, 11 (the linear trend regression is: Yt = 13.55 - .011 t, where t begins as 0 in January 19X4), 13. pp. 224-229.

Chapter 7: Case: Value of the US Dollar, 1998. p. 262. Exercises: 1, 5, 6, and 7. pp. 261-262.

Chapter 8: Exercises: 2, 11, 15, 16, and 21 pp. 304-308.

Chapter 9: Case: Leisure Time Products (TTP) Company Cost Analysis, pp. 345-347.

Chapter 10: Case: Economies of Scale in Wisconsin's High Schools, pp. 384-385 (Questions 3, 4 & 5) Exercises: 2, 5, and 6.

Chapter 12: Exercises dealing with competition: 3, 4, 5, and 8, pp. 452-453; Exercises dealing with Monopolistic Competition: 13 and 17, pp. 455-457.

Chapter 14: Case: A Market Solution for Crowded Airspace, pp. 513-514(Questions 1 and 2) Exercises: 8(A & B), 12, 13, and 16, pp. 510-512.

Material After Midterm #2

Chapter 15: Exercises: 1, 5, 7, and 8, pp. 546-549. In Discussion, you will receive a handout on the Great Electrical Conspiracy which features West Allis, Allis-Chalmirs, GE and Westinghouse.

Chapter 16: Exercises: 1, 4, pp. 586-587.

Chapter 17: Case: Transfer Pricing, p. 656 (Questions 1, 2, 3 and 5, 6, 7) Exercises: 1, 3, 4, 7 (NOTE: Professors DO NOT get price discounts at UWM or surrounding bookstores!) and 10, pp 650-655.

Chapter 13: Case: CEO Incentive Contract, pp. 484-485 (Question A) Exercises: 1, and 7.

Chapter 18: Exercises: 2, 3, 6, 10, 12, and 18(A), pp. 698-702.

Chapter 20: Exercises: 4, 7, 8, and 10, pp. 784-786.