Factors governing prices and pricing decision
Illustrates the factors governing prices and pricing decision in briefly?
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Price is very significant to the buyer and the seller both. In that connection, this may be noted that within economic theory, two parties must be generally emphasized that is buyers and sellers. However, in practice, as pointed out by Oxenfeldt, exact other parties are also involved within the pricing process, that is Rival seller, middlemen & government and potential rivals. All such parties also exercise their affect in price determination.
Factors governing prices may be divided in internal factors and external factors.
Illustrates the case of customary pricing with details?
What are the important areas of decision-making?
When the relative price of a resource decreases, we would usually expect a firm to employ less units of: (w) that resource due to the substitution effect. (x) that resource because of the output effect. (y) complementary resources due to the substitut
A firm's demand for labor would decrease when the: (1) price of the output rose. (2) labor supply curve shifted outward. (3) price of capital rose. (4) wage rate rose. (5) productivity of all workers fell. I need a
This supply of labor of worker is perfectly inelastic at point: (w) point a. (x) point b. (y) point c. (z) point d. Q : Value of Marginal Product of Labor The The social value of the extra output by additional units of labor is: (1) marginal revenue product of labor. (2) price of labor. (3) average revenue product of labor. (4) value of the marginal product of labor. (5) marginal resource cost of labor. Q : Labor demand increases and supply Wages tend to increase while labor demand: (w) and supply both decrease. (x) decreases and supply increases. (y) and supply both raise. (z) increases and supply decreases. Please choose the right answer from above.
The social value of the extra output by additional units of labor is: (1) marginal revenue product of labor. (2) price of labor. (3) average revenue product of labor. (4) value of the marginal product of labor. (5) marginal resource cost of labor. Q : Labor demand increases and supply Wages tend to increase while labor demand: (w) and supply both decrease. (x) decreases and supply increases. (y) and supply both raise. (z) increases and supply decreases. Please choose the right answer from above.
Wages tend to increase while labor demand: (w) and supply both decrease. (x) decreases and supply increases. (y) and supply both raise. (z) increases and supply decreases. Please choose the right answer from above.
A potential employee’s accumulation of certificates and degrees to stimulate interest through a potential employer is termed by economists as: (1) specific training. (2) signaling. (3) general training. (4) screening. (5) ticket-punching. <
Categories the cost concept of business operation and decision making?
Illustrates the important leading indices?
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