What are the important areas of decision-making
What are the important areas of decision-making?
Expert
Following are the important areas of decision making; i) Selection of product. ii) Selection of suitable product mix. iii) Selection of method of production. iv) Product line decision. v) Determination of price and quantity. vi) Decision on promotional strategy. vii) Optimum input combination. viii) Allocation of resources. ix) Replacement decision. x) Make or buy decision. xi) Shut down decision. xii) Decision on export and import. xiii) Location decision. xiv) Capital budgeting.
Differentiate between individual demand schedule and Market demand schedule in law of demand?
When the U.S. soybean market is primarily in equilibrium on S0D0, and in that case a new fertilizer raises farm productivity and concurrently, foreigners are permitted greater access to U.S. soybean, there the market shifts to: (
As is given figure below. Assume that the prevailing price is P1 and the firm is now producing its loss-minimizing quantity. Determine the area which shows the loss: w) P2deP1. x) P3cbP1. y) P3caP0
When a firm gives substantial general training to specific workers: (i) it is probable to pay them a premium wage to cut labor turnover. (ii) the workers are likely to receive less pay than their VMPs after such training. (iii) the workers are most pr
A cartel is more likely to succeed and survive when: (w) members respond to incentives to cheat. (x) fringe producers are not members. (y) total market demand is less elastic. (z) close substitute goods are simply developed. Q : Adjust inputs of labor other resources Firms adjust their inputs of labor or other resources till: (w) revenue is maximized. (x) employment is maximized. (y) marginal product of labor is maximized. (z) profit is maximized. Please choose the right answer
Firms adjust their inputs of labor or other resources till: (w) revenue is maximized. (x) employment is maximized. (y) marginal product of labor is maximized. (z) profit is maximized. Please choose the right answer
Suppose that the auto market began at the intersection of S0 and D0 before people began to expect auto prices to rise in the close to future. How will it influence the auto market?: (1) No change. (2) Demand shifts to D2. (3) Demand sh
Explain about the term Boom in phases of business cycle.
Illustrates the merits of scarcity definition?
If the wage rate increases from $25 per hour to $40 per hour, in that case the elasticity of the supply of labor from this worker is roughly: (i) zero. (ii) 7/15. (iii) 13/15. (iv) one. (v) minus 13/15. Discover Q & A Leading Solution Library Avail More Than 1431916 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1954737 Asked 3,689 Active Tutors 1431916 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1954737 Asked
3,689
Active Tutors
1431916
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!