Difference between operating decisions-planning decisions

Assignment Help Business Economics

Reference no: EM131244412

1. Explain the difference between operating decisions and planning decisions.

2. Explain the following costs and observe carefully the difference between each one.

• Historical costs

• Current costs

• Replacement cost

• Opportunity Cost

• Explicit cost

• Implicit cost

• Incremental cost

• Sunk cost

• Short run and long run cost

Reference no: EM131244412

Questions Cloud

Explain the concept of a reservation wage : Mr. Dilatoriness has a PhD in economics, but is happily unemployed; he spends most of his time reading classical literature, art and philosophy. He gets $ 3000 a week from his parents. Explain the concept of a reservation wage? Under what circumstanc..

To reduce unemployment the federal reserve authoritis should : To reduce unemployment, the Federal Reserve authoritis should

Tariffs and quotas are costly to consumers : Tariffs and quotas are costly to consumers because:

What will happen to price and output in the market : Etisalat and Du are duopolists. If they form a cartel between themselves, then what will happen to price and output in the market. Discuss your answer with a relevant diagram.

Difference between operating decisions-planning decisions : Explain the difference between operating decisions and planning decisions. Explain the following costs and observe carefully the difference between each one.

Does this game have any nash equilibria : Consider the classic game, "rock, paper, scis- sors". The game is simultaneous with payoffs listed as utility levels, with the first payoff going to Steve and the second to Brian: Does this game have any Nash Equilibria? Explain. Explain how one migh..

Nation with abundant capital resources tends to be exporter : A nation with abundant capital resources tends to be an exporter of: A maximum limit set on the amount of a specific good that may be imported into a country over a given period of time is called a:

Compute income elasticy : You are the marketing manager for xyz Corp.You have this regression result for your product: Q=2000-3.5P+1.2*1 Right now your price is 10 and the average income of your customers is $30,000. Compute income elasticy. Is your good a normal good or an i..

What was the other persons dominant strategy : Think of a time when you were involved in strategic decision making. This could be a business situation or a personal situation. It could be anything from purchasing inputs for a manufacturing firm to trying to divide up household chores. What was th..

User Account

All Pages