--%>
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 : Illustrates the term economic cost

    Illustrates the term economic cost concept briefly?

    		•
  • Q : Market supply of specialized labor A

    A supply of specialized labor tends to shrink while: (1) the social status of that field rises. (2) an increase in income expectations happens. (3) employment stability increases and training costs decrease. (4) wages rise into a field using similar s

    		•
  • Q : Wage Rates and Marginal Resource Costs

    When all markets wherein a firm operates are purely competitive, in equilibrium the marginal resource cost of labor is the same to the: (w) firm’s marginal revenue. (x) marginal cost of output. (y) wage rate the firm must pay to hire more worker

    		•
  • Q : Illustrates the Income Elasticity of

    Illustrates the Income Elasticity of Demand?

    		•
  • Q : Illustrate when Price is greater than

    Suppose that price is greater than average variable cost. When a perfectly competitive seller is producing at an output therefore price is $11 and the marginal cost is $14.54, in that case to maximize profits the firm must: w) continu

    		•
  • Q : Costs of investing within human capital

    The costs of investing within human capital are probably to be borne by the employee when human capital a worker obtains “on the job” is: (1) general. (2) marginal. (3) precise. (4) generic. (5) specific.

    Q : Explain about input output table method

    Explain about input output table method.

    		•
  • Q : The Income Effect by Supply of Labor

    Along a supply curve for an individual’s labor, there the income effect tends to rise the: (1) supply of work as wages reduce the number of people a firm will hire. (2) demand for leisure as the wage rate and income raise. (3) l

    		•
  • Q : Differentiate between individual and

    Differentiate between individual demand schedule and Market demand schedule in law of demand?

    		•
  • Q : Minimum supply to specified amounts of

    If the owner of a resource is paid in excess of the minimum needed to supply specified amounts of the resource, in that case the owner is the beneficiary of: (1) economic rents. (2) wage premiums. (3) excess profits. (4) surplus values. (5) capitaliza

    		•