SlideShare a Scribd company logo
Wydawnictwa AGH
(AGH University of Science and Technology Press)
al. Mickiewicza 30, 30-059 Kraków
tel. 12 617 32 28, 12 636 40 38
e-mail: redakcja@wydawnictwoagh.pl; http://www.wydawnictwa.agh.edu.pl
Editor-in-Chief of AGH University of Science and Technology Press: Jan Sas
Managerial Economics Periodical Editorial Board
Editor-in-Chief:
Henryk Gurgul (AGH University of Science and Technology in Krakow, Poland)
Associate Editors:
Mariusz Kudełko (AGH University of Science and Technology in Krakow, Poland)
economics, management
Stefan Schleicher (University of Graz, Austria)
quantitative methods in economics and management
Managing Editor:
Joanna Duda (AGH University of Science and Technology in Krakow, Poland)
Technical Editor:
Łukasz Lach (AGH University of Science and Technology in Krakow, Poland)
Editorial Board:
Stefan Bojnec (University of Primorska, Koper, Slovenia)
Gerrit Brösel (University of Hagen, Germany)
Karl Farmer (University of Graz, Austria)
Piotr Górski (AGH University of Science and Technology in Krakow, Poland)
Ingo Klein (University of Erlangen-Nuremberg, Germany)
Jessica Knoll (University of Saarland, Germany)
Ulrike Leopold-Wildburger (University of Graz, Austria)
Manfred Jürgen Matschke (University of Greifswald, Germany)
Xenia Matschke (University of Trier, Germany)
Roland Mestel (University of Graz, Austria)
Stefan Palan (University of Graz, Austria)
Peter Steiner (University of Graz, Austria)
Paweł Zając (AGH University of Science and Technology, Poland)
Articles published in the semiannual Managerial Economics have been peer reviewed by
reviewers appointed by the Editorial Board. The procedure for reviewing articles is described
at the following web address: http://www.managerial.zarz.agh.edu.pl
Language Editor: Bret Spainhour
Statistical Editor: Anna Barańska
Editorial support: Magdalena Grzech
Cover and title page design: Zofia Łucka
DOI: http://dx.doi.org/10.7494/manage
© Wydawnictwa AGH, Kraków 2017, ISSN 1898-1143 (paper version),
ISSN 2353-3617 (on-line version)
Number of copies 50. The printed version of the journal is the primary one.

More Related Content

More from AbhishekModak17

Managerial_Economics_Ch4_1 (1).ppt
Managerial_Economics_Ch4_1 (1).pptManagerial_Economics_Ch4_1 (1).ppt
Managerial_Economics_Ch4_1 (1).ppt
AbhishekModak17
 
MANAGERIAL_ECONOMICS_BOOK.doc
MANAGERIAL_ECONOMICS_BOOK.docMANAGERIAL_ECONOMICS_BOOK.doc
MANAGERIAL_ECONOMICS_BOOK.doc
AbhishekModak17
 
Managerial_Economics_Ch4_1.ppt
Managerial_Economics_Ch4_1.pptManagerial_Economics_Ch4_1.ppt
Managerial_Economics_Ch4_1.ppt
AbhishekModak17
 
Managerial_Economics_Textbook.pdf
Managerial_Economics_Textbook.pdfManagerial_Economics_Textbook.pdf
Managerial_Economics_Textbook.pdf
AbhishekModak17
 
Managerial_economics (23).pdf
Managerial_economics (23).pdfManagerial_economics (23).pdf
Managerial_economics (23).pdf
AbhishekModak17
 
MB0042_MANAGERIAL_ECONOMICS.docx
MB0042_MANAGERIAL_ECONOMICS.docxMB0042_MANAGERIAL_ECONOMICS.docx
MB0042_MANAGERIAL_ECONOMICS.docx
AbhishekModak17
 
Managerial_Economics (9).doc
Managerial_Economics (9).docManagerial_Economics (9).doc
Managerial_Economics (9).doc
AbhishekModak17
 
Managerial_Economics (12).pdf
Managerial_Economics (12).pdfManagerial_Economics (12).pdf
Managerial_Economics (12).pdf
AbhishekModak17
 
MANAGERIAL_ECONOMICS_FOR_M_COM.pdf
MANAGERIAL_ECONOMICS_FOR_M_COM.pdfMANAGERIAL_ECONOMICS_FOR_M_COM.pdf
MANAGERIAL_ECONOMICS_FOR_M_COM.pdf
AbhishekModak17
 
Notes_For_Managerial_Economics.pdf
Notes_For_Managerial_Economics.pdfNotes_For_Managerial_Economics.pdf
Notes_For_Managerial_Economics.pdf
AbhishekModak17
 
Managerial_Economics (13).pdf
Managerial_Economics (13).pdfManagerial_Economics (13).pdf
Managerial_Economics (13).pdf
AbhishekModak17
 
Managerial_Economics (4).pdf
Managerial_Economics (4).pdfManagerial_Economics (4).pdf
Managerial_Economics (4).pdf
AbhishekModak17
 
Managerial_economics (14).docx
Managerial_economics (14).docxManagerial_economics (14).docx
Managerial_economics (14).docx
AbhishekModak17
 
managerial_economics (7).pdf
managerial_economics (7).pdfmanagerial_economics (7).pdf
managerial_economics (7).pdf
AbhishekModak17
 
Managerial_Economics (5).doc
Managerial_Economics (5).docManagerial_Economics (5).doc
Managerial_Economics (5).doc
AbhishekModak17
 
Managerial_Economics (9).pdf
Managerial_Economics (9).pdfManagerial_Economics (9).pdf
Managerial_Economics (9).pdf
AbhishekModak17
 
Introduction_to_Managerial_Economics.pdf
Introduction_to_Managerial_Economics.pdfIntroduction_to_Managerial_Economics.pdf
Introduction_to_Managerial_Economics.pdf
AbhishekModak17
 
Managerial_Economics_1_Unit_1_Concepts_o.pdf
Managerial_Economics_1_Unit_1_Concepts_o.pdfManagerial_Economics_1_Unit_1_Concepts_o.pdf
Managerial_Economics_1_Unit_1_Concepts_o.pdf
AbhishekModak17
 
Managerial_Economics_Text_and_Cases.pdf
Managerial_Economics_Text_and_Cases.pdfManagerial_Economics_Text_and_Cases.pdf
Managerial_Economics_Text_and_Cases.pdf
AbhishekModak17
 
Basics_of_Managerial_Economics.ppt
Basics_of_Managerial_Economics.pptBasics_of_Managerial_Economics.ppt
Basics_of_Managerial_Economics.ppt
AbhishekModak17
 

More from AbhishekModak17 (20)

Managerial_Economics_Ch4_1 (1).ppt
Managerial_Economics_Ch4_1 (1).pptManagerial_Economics_Ch4_1 (1).ppt
Managerial_Economics_Ch4_1 (1).ppt
 
MANAGERIAL_ECONOMICS_BOOK.doc
MANAGERIAL_ECONOMICS_BOOK.docMANAGERIAL_ECONOMICS_BOOK.doc
MANAGERIAL_ECONOMICS_BOOK.doc
 
Managerial_Economics_Ch4_1.ppt
Managerial_Economics_Ch4_1.pptManagerial_Economics_Ch4_1.ppt
Managerial_Economics_Ch4_1.ppt
 
Managerial_Economics_Textbook.pdf
Managerial_Economics_Textbook.pdfManagerial_Economics_Textbook.pdf
Managerial_Economics_Textbook.pdf
 
Managerial_economics (23).pdf
Managerial_economics (23).pdfManagerial_economics (23).pdf
Managerial_economics (23).pdf
 
MB0042_MANAGERIAL_ECONOMICS.docx
MB0042_MANAGERIAL_ECONOMICS.docxMB0042_MANAGERIAL_ECONOMICS.docx
MB0042_MANAGERIAL_ECONOMICS.docx
 
Managerial_Economics (9).doc
Managerial_Economics (9).docManagerial_Economics (9).doc
Managerial_Economics (9).doc
 
Managerial_Economics (12).pdf
Managerial_Economics (12).pdfManagerial_Economics (12).pdf
Managerial_Economics (12).pdf
 
MANAGERIAL_ECONOMICS_FOR_M_COM.pdf
MANAGERIAL_ECONOMICS_FOR_M_COM.pdfMANAGERIAL_ECONOMICS_FOR_M_COM.pdf
MANAGERIAL_ECONOMICS_FOR_M_COM.pdf
 
Notes_For_Managerial_Economics.pdf
Notes_For_Managerial_Economics.pdfNotes_For_Managerial_Economics.pdf
Notes_For_Managerial_Economics.pdf
 
Managerial_Economics (13).pdf
Managerial_Economics (13).pdfManagerial_Economics (13).pdf
Managerial_Economics (13).pdf
 
Managerial_Economics (4).pdf
Managerial_Economics (4).pdfManagerial_Economics (4).pdf
Managerial_Economics (4).pdf
 
Managerial_economics (14).docx
Managerial_economics (14).docxManagerial_economics (14).docx
Managerial_economics (14).docx
 
managerial_economics (7).pdf
managerial_economics (7).pdfmanagerial_economics (7).pdf
managerial_economics (7).pdf
 
Managerial_Economics (5).doc
Managerial_Economics (5).docManagerial_Economics (5).doc
Managerial_Economics (5).doc
 
Managerial_Economics (9).pdf
Managerial_Economics (9).pdfManagerial_Economics (9).pdf
Managerial_Economics (9).pdf
 
Introduction_to_Managerial_Economics.pdf
Introduction_to_Managerial_Economics.pdfIntroduction_to_Managerial_Economics.pdf
Introduction_to_Managerial_Economics.pdf
 
Managerial_Economics_1_Unit_1_Concepts_o.pdf
Managerial_Economics_1_Unit_1_Concepts_o.pdfManagerial_Economics_1_Unit_1_Concepts_o.pdf
Managerial_Economics_1_Unit_1_Concepts_o.pdf
 
Managerial_Economics_Text_and_Cases.pdf
Managerial_Economics_Text_and_Cases.pdfManagerial_Economics_Text_and_Cases.pdf
Managerial_Economics_Text_and_Cases.pdf
 
Basics_of_Managerial_Economics.ppt
Basics_of_Managerial_Economics.pptBasics_of_Managerial_Economics.ppt
Basics_of_Managerial_Economics.ppt
 

Recently uploaded

快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
5spllj1l
 
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
36 Crypto
 
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
Falcon Invoice Discounting
 
South Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma TranscriptSouth Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma Transcript
ynfqplhm
 
Earn a passive income with prosocial investing
Earn a passive income with prosocial investingEarn a passive income with prosocial investing
Earn a passive income with prosocial investing
Colin R. Turner
 
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
International Sustainability Standards Board
International Sustainability Standards BoardInternational Sustainability Standards Board
International Sustainability Standards Board
Kumar Ramaiah
 
FCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptxFCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptx
nalamynandan
 
Ending stagnation: How to boost prosperity across Scotland
Ending stagnation: How to boost prosperity across ScotlandEnding stagnation: How to boost prosperity across Scotland
Ending stagnation: How to boost prosperity across Scotland
ResolutionFoundation
 
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
taqyea
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
falcon-invoice-discounting-a-strategic-approach-to-optimize-investmentsfalcon-invoice-discounting-a-strategic-approach-to-optimize-investments
falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
Falcon Invoice Discounting
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
Vighnesh Shashtri
 
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
qntjwn68
 
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfOptimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
shruti1menon2
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
nimaruinazawa258
 
2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf
Neal Brewster
 
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
AntoniaOwensDetwiler
 
5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports
EasyReports
 
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
University of Calabria
 

Recently uploaded (20)

快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
 
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
 
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
 
South Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma TranscriptSouth Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma Transcript
 
Earn a passive income with prosocial investing
Earn a passive income with prosocial investingEarn a passive income with prosocial investing
Earn a passive income with prosocial investing
 
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...
 
International Sustainability Standards Board
International Sustainability Standards BoardInternational Sustainability Standards Board
International Sustainability Standards Board
 
FCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptxFCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptx
 
Ending stagnation: How to boost prosperity across Scotland
Ending stagnation: How to boost prosperity across ScotlandEnding stagnation: How to boost prosperity across Scotland
Ending stagnation: How to boost prosperity across Scotland
 
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
 
falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
falcon-invoice-discounting-a-strategic-approach-to-optimize-investmentsfalcon-invoice-discounting-a-strategic-approach-to-optimize-investments
falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
 
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
 
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfOptimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
 
2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf2. Elemental Economics - Mineral demand.pdf
2. Elemental Economics - Mineral demand.pdf
 
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
 
5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports
 
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
 

Managerial_Economics (16).pdf

  • 1. Wydawnictwa AGH (AGH University of Science and Technology Press) al. Mickiewicza 30, 30-059 Kraków tel. 12 617 32 28, 12 636 40 38 e-mail: redakcja@wydawnictwoagh.pl; http://www.wydawnictwa.agh.edu.pl Editor-in-Chief of AGH University of Science and Technology Press: Jan Sas Managerial Economics Periodical Editorial Board Editor-in-Chief: Henryk Gurgul (AGH University of Science and Technology in Krakow, Poland) Associate Editors: Mariusz Kudełko (AGH University of Science and Technology in Krakow, Poland) economics, management Stefan Schleicher (University of Graz, Austria) quantitative methods in economics and management Managing Editor: Joanna Duda (AGH University of Science and Technology in Krakow, Poland) Technical Editor: Łukasz Lach (AGH University of Science and Technology in Krakow, Poland) Editorial Board: Stefan Bojnec (University of Primorska, Koper, Slovenia) Gerrit Brösel (University of Hagen, Germany) Karl Farmer (University of Graz, Austria) Piotr Górski (AGH University of Science and Technology in Krakow, Poland) Ingo Klein (University of Erlangen-Nuremberg, Germany) Jessica Knoll (University of Saarland, Germany) Ulrike Leopold-Wildburger (University of Graz, Austria) Manfred Jürgen Matschke (University of Greifswald, Germany) Xenia Matschke (University of Trier, Germany) Roland Mestel (University of Graz, Austria) Stefan Palan (University of Graz, Austria) Peter Steiner (University of Graz, Austria) Paweł Zając (AGH University of Science and Technology, Poland) Articles published in the semiannual Managerial Economics have been peer reviewed by reviewers appointed by the Editorial Board. The procedure for reviewing articles is described at the following web address: http://www.managerial.zarz.agh.edu.pl Language Editor: Bret Spainhour Statistical Editor: Anna Barańska Editorial support: Magdalena Grzech Cover and title page design: Zofia Łucka DOI: http://dx.doi.org/10.7494/manage © Wydawnictwa AGH, Kraków 2017, ISSN 1898-1143 (paper version), ISSN 2353-3617 (on-line version) Number of copies 50. The printed version of the journal is the primary one.