--%>
Assignment Help - homework help

Cost concept of business operation and decision making

Categories the cost concept of business operation and decision making?

E

Expert

Verified

A managerial economist should have a proper understanding of the various cost concepts that is essential for clear business thinking. This cost concept that is relevant to business operation and decision can be grouped upon the origin of propose under overlapping categories as follows:

1. Concept utilized for accounting purpose

2. Concept utilized in economics analysis of the business.

   Related Questions in Managerial Economics

  • Q : States the Wealth Definition in

    States the Wealth Definition in economics?

    		•
  • Q : Examples of Economic Capital

    Landscaping a garbage dump along with topsoil, grass and trees to construct a golf course is an illustration of creating new: (i) capital. (ii) land. (iii) employment. (iv) economic profits. (v) natural resources. Please guys help

    		•
  • Q : Screening and Credentialism Critics of

    Critics of “credentialism” believe which firms making employment decisions tend to rely much heavily on: (1) personal contacts. (2) past experience. (3) personality testing. (4) job interviews. (5) formal training and education.

  • Q : Supplies of Labor within Competitive

    During a competitive resource market, every firm confronts a resource supply curve which is: (w) upwardly sloped. (x) backward bending. (y) perfectly inelastic. (z) perfectly elastic. I need a good

    		•
  • Q : Define the inelastic demand Define the

    Define the inelastic demand.

    		•
  • Q : Illustrates the characteristics of

    Illustrates the characteristics of Oligopoly?

    		•
  • Q : Technology advances in Economic Growth

    Can someone help me in finding out the right answer from the given options. The production possibilities frontier enlarges if: (i) The economy approaches full and proficient employment. (ii) Technology progress. (iii) Society's net demand for output i

    		•
  • Q : Describe the Long term Demand

    Describe the Long term Demand Forecasting.

    		•
  • Q : What are the types of business cycle

    What are the types of business cycle?

    		•
  • Q : Substitution and Demands for Resources

    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

    		•