Explain the decision making areas of the decision making
Explain the decision making areas of the decision making.
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Given are the important areas of decision making as follows:
Selection of suitable product mix, Replacement decision, Selection of product, Selection of ways of production, shut down the decision, Location decision and Optimum input combination, Allocation of resources. And make or buy decision, Decision upon promotional strategy, Product line decision, Determination of quantity and price, Decision on import and export and Capital budgeting.
The demand curve for labor can be demonstrated as a negative relationship between: (w) the quantity of labor demanded and the wage rate. (x) labor productivity and the quantity of labor used. (y) employment and output. (z) wages and GDP.
Adam Smith would have had the greatest complexity in describing income differentials as depends on scarcity and productivity for the case wherein: (1) Holly lives into New York City and is paid more than Devin, who has a same job in K
Explain the marginal input-output relationship in short run and long run.
Explain the objectives of pricing policy and its aim.
What is the Evan J Douglas’s definition of Managerial economics?
CD sales have fallen from 2000, although sales of DVDs have increased, suggesting such that: (w) supply of prerecorded music should have fallen. (x) law of demand does not apply to the music market. (y) demands of many consumers adjusted to new technology. (z) music i
The demand for labor would move downward like a consequence of: (w) grocery stores buying fewer automatic check-out touchpad computers, and in place of relying more heavily on cashiers to ensure friendly interactions along with customers. (x) declines
Assume that you require studying six hours per week to earn a ‘C’, nine hrs a week to earn a ‘B’, and 15 hrs per week to earn an ‘A’. This would mean: (i) Raising returns to hrs studied. (ii) Diminishing returns to hrs studied. (iii
Illustrates the term variable cost?
What are the advantages and disadvantages of survey techniques?
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