--%>
Assignment Help - homework help

Operational or internal issues of managerial economics

What are the operational or internal issues of managerial economics?

E

Expert

Verified

The following aspects may said to be fall under internal issues:

i. Demand analysis and Forecasting: The demands for the firm’s product would change in with the change in price, consumer’s income, his taste etc. which are the determinants of demand.
ii. Cost analysis: Assessment of cost is an essential part of managerial problems.
iii. Pricing Decisions: The firms try to earn profit which depends upon correctness of pricing decisions.
iv. Profit Analysis: All business organisations which are working for profit, it is considered an important measure of success.
v. Capital budgeting: The manager has to estimate correctly profitability of an investment and to properly allocate the capital.
vi. Production and supply analysis: Production analysis is proceeds in physical terms while cost analysis proceeds in monitory term.

   Related Questions in Managerial Economics

  • Q : Demand for labor in purely competitive

    When the hourly wage rate for workers this purely competitive firm hires is approximately of $13, this will operate at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e.

    Q : Consumer Interview Survey method of

    Explain the Consumer Interview Survey method of Demand Forecasting.

    		•
  • Q : States the term Demand Estimation

    States the term Demand Estimation.

    		•
  • Q : Explain the money cost concept briefly

    Explain the money cost concept briefly.

    		•
  • Q : Average Benefits in Human Capital and

    Throughout the past 50 years in the United States, there the average gains in lifetime income related along with having a college degree in addition to a high school diploma have: (1) declined since the larger proportion of the population that is college educated has

    		•
  • Q : Illustrate profit or loss on the cost

    A firm's total profit can be computed as all of the given except w) total revenue minus total cost. x) average profit per unit times quantity sold. y) (price minus average total cost) multiply with times quantity sold. z) marginal profit times quantity sold.

  • Q : Attempt Screening and Signaling

    Screening and signaling are attempts to: (w) decreases job interview time. (x) decrease the problem of adverse selection. (y) uphold equal opportunity laws. (z) All of the above. I need a good answer on the topic o

    		•
  • Q : Labor Supply Curves to Competitive Firms

    A price taker within the labor market: (w) can set the wage that this will pay for the labor this hires. (x) can set the wage at which this will supply the use of its labor. (y) doesn’t care what wage this pays or receives. (z) can’t influ

    		•
  • Q : Relation between Average Revenue

    Illustrates the relation between Average Revenue, Total Revenue and Marginal Revenue?

    		•
  • Q : Income effect at a wage rate The

    The substitution effect of a small change within the wage rate for this worker most strongly goes beyond the income effect at a wage rate of: (1) $5 per hour. (2) $10 per hour. (3) $10 per hour to $25 per hour. (4) $2

    		•