Managerial Economics Errata

Study guide

Resource site for instructors

Cases

Data sources

Chapter 2

 Page Correction Date posted Page 30, line 20 another quantity of 2 movies a month .... [Replace "four" with "2".] 06/2006

Chapter 3

 Page Correction Date posted Page 97, Question 3(b) What will be the percentage difference in the quantity demanded between the two stations? [Insert "percentage".] 07/2005

Chapter 5

 Page Correction Date posted Page 176, Figure 5.9(b) On horizontal axis, change "12" to "10.2". 09/2007 Page 177, Figure 5.10(b) On horizontal axis, change "13" to "10.3". 09/2007 Page 178, Figure 5.11 On horizontal axis, change "12" to "10.2", and "13" to "10.3". 09/2007 Page 172, line 6 will be \$200 x 1.0067 = \$201.34. [Replace "201.13" with "201.34".] 06/2006

Chapter 7

 Page Correction Date posted Page 233, "Opportunity Cost: A Downtown Department Store", line 15 The total opportunity cost was HK\$26.5 million. [Replace "34.5" with "26.5".] 10/2007

Chapter 9

 Page Correction Date posted Page 314, Figure 9.2 gain in profit from complete price discrimination [Replace "discrimation" with "discrimination".] 06/2006

Chapter 10

 Page Correction Date posted Page 351, line 8 raise its share to 70% by sticking with the current format.  If both stations change, then Jupiter's share would be 60% and Merkur's share would be 40%.  How should Jupiter decide without knowing Merkur's choice.  [Insert portion in red.] 07/2005 Page 355, Table 10.3, last row, column 3 "G: -\$2,000, S: \$1,000" [If Greg does not confess and Susan confesses, the payoffs should be G: -\$2,000, S: \$1,000; delete "-".] 07/2005 Page 391, Question 9 (a) Use a suitable game in extensive form to describe the following scenario.  The borrower (state-owned enterprise) is using the loan to fund an investment that yields a negative expected return.  When a loan is about to mature....   [Insert portion in red.] (c) In a normal banking market, auditors will check the lending department and the lending managers will be penalized if they roll over loans as in (a).  How would this change the equilibrium of the game? [Insert portion in red.] 05/2007

Chapter 12

 Page Correction Date posted Page 450, "Auctions", line 5 There are many potential buyers ... [Replace "any" with "many".] 06/2006

Study Guide

 Page Correction Date posted Page 10, 2(d)(iii) the demand curve shifts to the left. [Replace "right" with "left".] 12/2010 Page 85, 10I Minimum probability = 2/12 = 1/6. [Replace "2/10 = 1/5" with "2/12 = 1/6".] 07/2005

Acknowledgments

Meng Tan, David Yang, Ronson Wong, Sanjay Krishnan, Tang Yun, Lum Kum Chew, Vinod S.