--%>
Assignment Help - homework help

Environmental or external issues of managerial economics

What are the Environmental or external issues of managerial economics?

E

Expert

Verified

It refers to the general business environment in which the organisation works. A study of economic environment should include:
i. The types of economic system in the country.
ii. The general trend in income, prices, production, employment, savings and investments
iii. Trends in the working of financial institutions for example banks, financial corporations and insurance companies.
iv. Magnitude and trends in foreign trade.
v. Trends in labour and capital market.
vi. Government economic policies like monitory policy, price policy and fiscal policy.

   Related Questions in Managerial Economics

  • Q : Additional wage-elastic of demand A

    A firm’s demand for labor tends to be additional wage-elastic while: (1) the price elasticity of demand for output is greater. (2) substituting capital for labor is harder. (3) unskilled workers join unions. (4) labor costs are

    		•
  • Q : Explain the different types of income

    Explain the different types of income elasticity of demand.

    		•
  • Q : Qualifications of a potential in

    Screening refers to: (w) employers examining the qualifications of a potential employee before hiring. (x) applicants acquiring additional schooling in order to attain a certain job. (y) employers hiring only people of a certain race or sex. (z) applicants learning as

    		•
  • 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 : What are the certain assumptions in

    What are the certain assumptions in production functions?

    		•
  • Q : Income and Substitution Effects of

    When the substitution effect of a wage raise dominates the income effect, in that case the: (1) labor supply curve will be "backward bending." (2) value of the marginal product will exceed the wage rate. (3) labor force participation

    		•
  • Q : Human Capital Accumulation and the

    A society’s stock of human capital would be least probable to grow as a consequence of: (w) federal subsidies for college education. (x) sustained unemployment during a recession. (y) apprenticeship programs for construction workers. (z) retrain

    		•
  • Q : Define Cost Volume-Profit relationship

    Describe briefly Cost Volume-Profit relationship?

    		•
  • Q : Value of the marginal product The value

    The value of the marginal product is: (w) MPP × MR. (x) MPP × P. (y) MPP × MC. (z) MPP × MRC. Can anybody suggest me the proper explanation for given problem regarding Economics

  • Q : Why is wealth definition of economics

    Why is wealth definition of economics criticized?

    		•