Using the underlying logic of transaction cost economics

Assignment Help Business Economics
Reference no: EM131110311

Using the underlying logic of Transaction Cost Economics, explain why organizations are necessary in dynamic, hypercompetitive market environments.

500 Words.........

Reference no: EM131110311

Questions Cloud

Reason for the decrease in the unemployment rate : The unemployment rate in November 2011 came down to 8.6% from 9.0% in the previous month. What could have been a possible reason for the decrease in the unemployment rate even when many new jobs were not created in the economy at that time?
What is the resulting dead weight loss on the economy : Demand for good X is x=100-P, where P is the market price of X. A monopolist supplies this market and has a cost function 15x. When the monopolist produces his optimal level of X, what is the resulting dead weight loss on the economy?
Prepare the companys cash budget for february in good form : Prepare the company's cash budget for February in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.
Calculate the return on assets and return on total equity : Calculate the Return on assets (using ending assets), Return on total equity (using ending total equity), Return on common equity (using ending common equity) and Times interest earned.
Using the underlying logic of transaction cost economics : Using the underlying logic of Transaction Cost Economics, explain why organizations are necessary in dynamic, hypercompetitive market environments.
What is the concern of chapter 11 of the bankruptcy : What is the concern of Chapter 11 of the Bankruptcy Reform Act of 1978? How is the debtor in possession (DIP) involved in (1) The valuation of the firm, (2) The recapitalization of the firm, and (3) The exchange of obligations using the priority rule..
How is a voluntary settlement resulting in liquidation : Define an extension and a composition, and explain how they might be combined to form a voluntary settlement plan to sustain the firm. How is a voluntary settlement resulting in liquidation handled?
Relationship between product price and quantity supplied : You are a business manager working for a firm in a purely competitive market and you just hired a summer intern who does not understand how to derive the firms’ short run supply curve from the firms’ marginal cost curve. Please explain this to the in..
What the terms inheritance and polymorphism mean : See if you can find out what the terms inheritance and polymorphism mean with regard to objecto-riented programming, and describe them in your own words

Reviews

Write a Review

Business Economics Questions & Answers

  Total costs are the sum of fixed costs and variable costs

Which of the following statements is correct? a. Long-run total costs are the sum of fixed costs and variable costs. b. Short-run total cost curves are an “envelope” of their respective long-run curves. c. Long-run total cost curves are an “envelope”..

  Level of output does marginal cost equal marginal revenue

At what level of output does marginal cost equal marginal revenue?

  What was the intended impact of these government policies

This is related to China's Economy from 2000-2012 What did the government do during this time to either help or hinder the improvement of the economy? What was the intended impact of these government policies?

  Cost of stockout is cost of lost profit plus additional

Annual demand for number 2 pencils at the campus store is normally distributed with mean 1,000 and standard deviation 250. The store purchases the pencils for 6 cents each and sells them for 20 cents each.  The cost of a stockout is the cost of lost ..

  Examples of a perfectly and purely competitive firms

What are examples of a perfectly/purely competitive firms that you have recently purchased a product from in the last couple of months? Explain how you relate your answer to the market characteristics.

  Determine the average monthly household expenditure

The management of a local restaurant wants to determine the average monthly amount spent by households in restaurants. Some households in the target market do not spend anything at all, whereas other households spend as much as $300 per month. What s..

  What is the depreciation amount in the second year

Suppose that your company bought a product for $200,000 and put it in service in 2015. The product you bought will be depreciated with the GDS using half-year convention. The cost basis for the product is $200,000. If we assume that this product is a..

  What is the programmed management

What is the programmed management approach in international marketing and advertising? How are Kraft Heinz, P&G, Nestle, and Starbucks are handing this?

  The neoclassical consumption model allows consumers

The neoclassical consumption model allows consumers to have access to savings. How would our conclusions about consumption in each period change if the consumer could not access markets for savings? For full credit you must support your answer using ..

  A representative firm with short-run total cost

A representative firm with short-run total cost given by TC=50+2q+2q^2 operates in a competitive industry where the short-run market demand and supply curves are given by qd=1410-40p and qs=-390+20p. it's Short run profit maximizing level of output i..

  The minimum value of average variable cost

For a particular competitive firm, the minimum value of average variable cost (AVC) is $12 and is reached when 200 units of output are produced. For the same firm, the minimum value of average total cost (ATC) is $15 and is reached when 230 units of ..

  How has the world wide web supported the businesses

1). List three businesses that can exist today, because of the World Wide Web that could not have existed before the advent of this technological communication system. 2). How has the World Wide Web supported the establishment and functioning of th..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd