Describe about theory of firm, Managerial Economics

Assignment Help:

Q. Describe about Theory of Firm?

Theory of the firm is associated to comprehending how firms come into being, what are their objectives, how they act and enhance their performance and how they establish their credentials and standing in society or an economy and so on. Theory of the firm aims at answering the below questions: 

• Existence - why do firms exist andemerge, why aren't all transactions in the economy mediated over the market?

• Which of their transactions are performed internally and which are negotiated in the market?

• Organisation - why are firms structured in such a particular way? What is the interplay of informal and formal relationships?

• Heterogeneity of firm actions/performances - what drives different actions and performances of firms?


Related Discussions:- Describe about theory of firm

Concept of central bank, Concept of Central bank M.H. De Kock concept o...

Concept of Central bank M.H. De Kock concept of central bank is superior to that of others as it is more inclusive. His long definition of central bank includes many of the imp

Assignment, analyze the method by which firm can allocate the given adverti...

analyze the method by which firm can allocate the given advertising budget between different media of advertisement

ECONOMIC THEORY, How does economic theory contribute to managerial decision...

How does economic theory contribute to managerial decisions?

Functions of budget, Functions of the Budget The budget fulfils three ...

Functions of the Budget The budget fulfils three main functions: To raise revenue to meet government expenditure The government of a country provides certain se

Williamsons model of Managerial Discretion., Case studies and research pape...

Case studies and research papers on williamsons model of managerial discretion

Inelastic supply, Inelastic Supply Supply is said to be price inelasti...

Inelastic Supply Supply is said to be price inelastic if changes in price bring about changes in quantity supplied in less proportion.  Thus, when price increases quantity sup

What is internal diseconomies of scale, Q. What is Internal Diseconomies of...

Q. What is Internal Diseconomies of Scale? Internal economies of scale exist only up to a certain size of the plant. Size of plant is called the optimum plant size since with t

Factors for wage differential within the same occupation, FACTORS RESPONSIB...

FACTORS RESPONSIBLE FOR WAGE DIFFERENTIALS WITHIN THE SAME OCCUPATION i.     Differences in the environment:   For example a doctor sent to North Eastern Province must be pai

Social cost and benefits, iwant presentation on united postal services on s...

iwant presentation on united postal services on social cost and benefits

Search and matching model, Search and Matching Model It  should  be  c...

Search and Matching Model It  should  be  clear  to  you  fiom  the  earlier section  that  there  are  a  variety  of models under the rubric of  search theory.  In  this sec

Write Your Message!

Captcha
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