--%>
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 : Opportunity cost of good Since an

    Since an economy moves downward all along the production possibility frontier which is concave from beneath, the: (1) Opportunity cost of the good whose production goes increasing. (2) Law of rising returns outcomes ever lower costs. (3) Dollar value

    		•
  • Q : Maximizes profit by hiring labor A firm

    A firm maximizes profit through hiring labor at the point where labor’s: (1) marginal physical product equals its average physical product. (2) marginal revenue product equals its marginal resource cost. (3) rate of exploitation is greatest. (4)

    		•
  • Q : Statements about Human Capital Which of

    Which of the given statements is not CORRECT: (w) Acquiring productive skills is known as investment in human capital. (x) General training increases a worker’s marginal productivity equally for many firms. (y) Specific training increases the productivity of the

    		•
  • Q : Extra revenue from the extra output

    Extra revenue by the extra output produced from an additional unit of a resource is the marginal resource: (1) profit to the firm. (2) revenue product. (3) iso-utility curve. (4) resource cost. (5) productive value.

    Q : Occurrence of production Production

    Production broadly happens while: (1) a corporation creates a profit. (2) weather disperses economic bads within the environment. (3) knowledge is used to direct energy to change materials and raise their value. (4) resources are combined within a bal

    		•
  • Q : Introduction of the term Break Even

    Give a brief introduction of the term Break Even Point. How does BEP aid in making business decision?

    		•
  • Q : Explain short term Demand forecasting

    Explain short term Demand forecasting.

    		•
  • Q : Purely competitive labor market The

    The individual household within a purely competitive labor market as: (w) has a perfectly elastic supply of labor at the market wage. (x) has a perfectly inelastic supply of labor at the market wage. (y) faces a perfectly elastic demand for its labor

    		•
  • Q : Determine market supply of labor The

    The market supply of labor is the sum of the: (1) quantities of labor supplied by households at each wage. (2) wages paid to households for each quantity supplied. (3) quantities demanded by firms at each wage. (4) marginal products of labor at each l

    		•
  • Q : Explain the meaning of Elasticity

    Explain the meaning of Elasticity?

    		•