--%>
Assignment Help - homework help

What are the various fields of Economics

What are the various fields of Economics? Explain.

E

Expert

Verified

A. Economies in the production: This arises term as follows:

Technological advantages and Advantages of separation of labour and specialization

B.  Economies in the marketing:

This facilitates with: Large scale purchase of inputs and Advertisement economies and Economies in large scale distribution as well as other large-scale economies.

C. Managerial economies: This achieves with: Specialization in management and Mechanization of managerial function.

D. Economies into storage and transport

Economies in transportation and storage costs occur form fuller make use of transport and storage facilities.

   Related Questions in Managerial Economics

  • Q : Surpluses quantity for Supply and Demand

    When an exceptionally warm winter caused the quantity of cashmere sweaters supplied to exceed the quantity demanded at the present market price, in that case: (1) cashmere sweaters will be more heavily demanded subsequent year than this year. (2) an overload of cashme

    		•
  • Q : Describe why firms may shut down

    If a perfectly competitive firm determines that its market price is below its minimum average variable cost, this will sell: w) the output where marginal revenue equivalents marginal cost. x) any positive output the entrepreneur decid

    		•
  • Q : Attributable worth cultivating The

    The theory which the economic rent on agricultural land depends upon how much extra production is gained relative to the production which could be realized on land not rather worth cultivating is attributable to: (1) Johann H. von Thünen. (2) Ada

    		•
  • Q : Explain the Arc Method of Measurement

    Explain the Arc Method of Measurement of Elasticity.

    		•
  • Q : Explain the Opinion Survey method of

    Explain the Opinion Survey method of Demand Forecasting.

    		•
  • Q : Explain Economics verse Managerial

    Explain Economics verse Managerial economics.

    		•
  • Q : Allocative and technical efficiency in

    Economy-extensive efficiency needs both allocative and technical efficiency within production and: (w) equity within the distribution of national income. (x) biological efficiency, in that people's basic desires should be met. (y) pol

    		•
  • Q : Economic Capital and Per Capita Income

    The Black Plague which killed millions of medieval Europeans probably mainly directly and instantly resulted in: (1) Greater trust on the mercantilist economic theory. (2) Higher standards of living for survivors. (3) More positive attitudes of early Christian theolog

    		•
  • Q : Explain the pricing under price

    Explain the pricing under price leadership.

    		•
  • Q : Illustrates the role of cost in pricing

    Illustrates the role of cost in pricing?

    		•