the firmthe unit that uses factors of production, Managerial Economics

+44 141 628 6080
[email protected]

the firmthe unit that uses factors of production

The Firm

The unit that uses factors of production to produce commodities then it sells either to other firms, to household, or to central authorities. The firm is thus the unit that makes the decisions regarding the employment of the factors of production and the output of commodities. They are assumed to be aiming at maximizing profits.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Managerial Economics: the firmthe unit that uses factors of production

Reference No:- TGS0177777

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Investigate the cause of the recent werewolf attacks

create a temporary committee to investigate the cause of the recent werewolf attacks in major cities throughout the United States.

Describe marxist theory and psychology of addiction

Compare the Marxist Theory and Psychology of Addiction with the Realistic Theory and psychology of Addition.

Explain framers decisions in creating the constitution

Explain how the Articles of Confederation made the above scenario possible. Describe how this scenario influenced the framers' decisions in creating the Constit

Federal bureaucracy has to put up with a lot of red tape

Question: The Federal Bureaucracy has to put up with a lot of "red tape". What is "red tape" in regards to government?

What power of recognition when it comes to office president

Question: What is "power of recognition" when it comes to the office of the president? Question Select one

What right ordinance power give to the president

Question: What right does the Ordinance Power give to the president? Question Select one:

Analyze leadership of organization during particular event

Analyze leadership of an organization during a particular event or across a defined set of events. The assignment will assess your ability to identify

Request for Solution File

Ask an Expert for Answer!!

Managerial Economics: the firmthe unit that uses factors of production

Reference No:- TGS0177777

Have a Question? (oR Write a Review)

Recent Questions Asked Managerial Economics

Q : advantages of the mixed economynecessary services

Q : disadvantages of mixed economylarge monopolies

Q : economics for accountantsa few teachers and some

Q : householdthis refers to all the people who live

Q : the firmthe unit that uses factors of production

Q : individual and market demand schedulethe plan of

Q : factors influencing demand for a productthese are

Q : theory of consumer behaviourthrough the study of

Q : utilityutility is the amount of satisfaction