Assignment question, define scarcity and opportunity cost.Show how these co...

define scarcity and opportunity cost.Show how these concept are useful in managerial decision making

Example time perspective,

Profit maximization, what are the criticisms of it

what are the criticisms of it

Monopolistic versus perfect competition, firms both in monopolistic and per...

firms both in monopolistic and perfect competition tend to make normal profits but why do they criticize only monopolistic competition

incrimental principle, incrimental principl

incrimental principle

Calculate the output and price in market, Question: Discuss the pricing...

Question: Discuss the pricing practices adopted by firms under different market structures. OR A firm produces a good, which is sold on delivery and in restaurants. The d

Relevance of the law of diminishing returns, Relevance of The Law of Dimini...

Relevance of The Law of Diminishing Returns The law of diminishing returns is important in that it is seen to operate in practical situations where its conditions are fulfille

Effect on a consumer''s equilibrium, Problem: (a) Explain with the help...

Problem: (a) Explain with the help of a diagram, the effect on a consumer's equilibrium, of an increase in the price of commodity X while the consumer's money income and price

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

Case studies and research papers on williamsons model of managerial discretion

Arc elasticity, Arc Elasticity Is the average elasticity between two g...

Arc Elasticity Is the average elasticity between two given points on the curve, i.e. Because of the negative relationship between price and quantity demanded, pr