--%>
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 : Define consumer psychology and pricing

    Define the consumer psychology and pricing and affecting elements.

    		•
  • Q : Explain marginal I/O relationship in

    Explain the marginal input-output relationship in short run and long run.

    		•
  • Q : Problem on Occupational Crowding After

    After vacationing hundreds of restaurants, then a restaurant critic has concluded which in almost all the workers who clear tables and also wash dishes appear to be illegal aliens by Mexico. The critic has observed a phenomenon termed as: (1) marginalized labor. (2) t

    		•
  • Q : Lower Wages in Wage Differentials

    Compared to men along with similar amounts of education or experience, women onto average earn: (1) higher wages. (2) similar wages. (3) lower wages. (4) There is no general pattern. Can someone explain/help me with best solution a

    		•
  • 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 : States the determinants of elasticity

    States the determinants of elasticity?

    		•
  • Q : Define Cost Volume-Profit relationship

    Describe briefly Cost Volume-Profit relationship?

    		•
  • Q : Wage Differentials by Adam Smith Adam

    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

    		•
  • Q : Describe the term trend projection

    Describe the term trend projection.

    		•
  • Q : Decreases in derived demands Decreases

    Decreases in derived demands are best demonstrated while: (1) illegal aliens reduce equilibrium wage rates for unskilled workers. (2) swim suit sales plummet at the ends of summer vacations. (3) undocumented construction workers begin leaving the Unit

    		•