--%>
Assignment Help - homework help

Illustrates the Objectives of managerial economics

Illustrates the Objectives of managerial economics?

E

Expert

Verified

Objectives: The fundamental objective of managerial economics is only to analyze the economic problems faced with the business. Several objectives are given here:

1. To integrate economic theory along with business practice.
2. To solve business problems, apply economic principles and concepts.
3. To assign the scares resources within the optimal way.
4. To create all-round development of a firm.
5. To reduce uncertainty and risk
6. To assists in demand and sales forecasting.
7. To assist in profit maximization.
8. To assist to get the other objectives of the firm as expansion implementation of policies and industry leadership etc..

   Related Questions in Managerial Economics

  • Q : What are the main features of

    What are the main features of managerial economics?

    		•
  • Q : Raise in supply and demand and

    When the supply and demand for a good both raise there will be rising within the: (1) market price. (2) equilibrium quantity. (3) quality of the good. (4) profits of a monopoly firm. (5) level of consumer satisfaction. Hello guys I

    		•
  • Q : Influenced demand for labor When the

    When the demand for labor influenced by the minimum wage is wage elastic, increasing the minimum wage would: (w) increase total wages received by low wage workers. (x) reduce total wages received by low wage workers. (y) not affect th

    		•
  • Q : Equal pay for equal work rule Rigid

    Rigid enforcement of “equal-pay-for-equal-work” law would: (w) raise the wage of minority workers who had been discriminated against. (x) lower the wages of “favored” non minority workers who had received higher wages before. (

    		•
  • Q : Credentialism and Occupational Licensing

    Occupational licensing often requires qualifications with small relevance for performance in a specific position before an individual can legally be hired. Artificial and inefficient barriers to the practice of specific occupations, such as dog groome

    		•
  • Q : General Training in Human Capital The

    The knowledge regarding local shrubs and trees which Morgan learns whereas working as an apprentice landscaper into the suburbs of a huge city is an illustration of the benefits from: (1) dirty work. (2) general training. (3) dues-paying. (4) high-skilled employment.

    		•
  • Q : Advantages and disadvantages of Trend

    What are the advantages and disadvantages of trend projection method?

    		•
  • Q : What are the types of price

    What are the types of price discrimination?

    		•
  • Q : Problem regarding the Economic Capital

    Economic capital doesn’t comprise a new: (i) luxury apartment building. (ii) bulldozer. (iii) bond issued by the U.S. Department of the Treasury. (iv) multi-tasking cell phone. (v) paper clip. I need a good a

    		•
  • Q : Problem regarding the Diminishing

    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

    		•