--%>
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 : Explain the external economies of scale

    Explain the external economies of scale.

    		•
  • Q : Individual firm in purely competitive

    A purely competitive resource market shows that an individual firm faces a resource supply curve which is: (w) perfectly inelastic. (x) perfectly elastic. (y) downward sloping. (z) backward bending.

    Q : Purely competitive labor market in

    When this purely competitive labor market is firstly in equilibrium at D0L , S0L , an increase into labor force participation rates will result within equilibrium being attained at: (w) D0L , S0L . (x) D

    		•
  • Q : External factors in governing prices

    What are the external factors in governing prices?

    		•
  • Q : Increment in demand raises the

    An increase within the demand for Swiss cheese will absolutely raise the equilibrium as:  (w) price when the supply of Swiss cheese shrinks over the same period. (x) quantity when the supply of cheese shrinks during the same peri

    		•
  • Q : Occupational Licensing The capability

    The capability of otherwise qualified workers to involve in particular careers or enter specific professions is probably most inhibited from: (1) occupational licensing. (2) wage discrimination. (3) segregation in our school system. (4) union labor contracts. (5) scre

    		•
  • Q : Elasticity of Demand for Labor in Firm

    Increasing the wage rate increases total wages received through workers when the demand for labor is: (w) relatively elastic. (x) relatively inelastic. (y) unitarily elastic. (z) perfectly elastic.

  • Q : Elasticity of demand for labor and type

    The relationship between the elasticity of demand for labor and the elasticity of demand for a specific type of output the labor produces is: (1) uniformly negative. (2) uniformly positive. (3) zero. (4) curvilinear. (5) highly variab

    		•
  • Q : Requirement of equal paying amounts A

    A requirement of equal pay for workers along with equal amounts of education, responsibility, and experience is termed as the doctrine of: (1) marginal productivity. (2) non-exploitation. (3) central wage planning. (4) comparable wort

    		•
  • Q : Gains from Exchange Can someone help me

    Can someone help me in finding out the right answer from the given options. Persons or nations that can outperform their competitors in all tasks enjoy: (1) Absolute benefits in all outputs. (2) Relative benefits in all outputs. (3) Comparative benefits in all outputs

    		•