Managerial economies, Microeconomics

Assignment Help:

Managerial Economies:

These are many managerial economies associated with large-scale production. A large firm is in the position to employ more highly qualified and specialist managers (such as production manager, marketing manager, financial manager, etc.) to man the various departments of the firm. Large firms can also mechanize managerial activities by introducing the usage of improved devices such as computers, telephones, fax, e-mail, etc. Opportunities are also made available for the training of young potential career managers for the firm. These economies lead to increased output and lower per unit cost of production.

Economies of research and development:

All things being equal, larger firms make greater profits and can set aside some of these profits for research and develop the product.


Related Discussions:- Managerial economies

Supply, composite supply v/s joint supply

composite supply v/s joint supply

Application of disquilibriam analysis, question #Minimum 100 words accepted...

question #Minimum 100 words accepted#History of cobweb theory

International financial institutions, Conditionality: International financi...

Conditionality: International financial institutions (such as World Bank andInternational Monetary Fund) usually attach strong conditions to emergency loans they make to developing

Consumer and producer surplus, Suppose that demand is downward sloping and ...

Suppose that demand is downward sloping and supply upward sloping. Subsidies cause dead weight loss despite the fact that: 1)consumer surplus increases. 2)total surplus increases

Externalities, What are corrective taxes? Why do economists prefer them to ...

What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss

Raising and Lowering Tuition, Raise or Lower Tuition? Suppose that, in an a...

Raise or Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition. Assess a raise in tuition and if it will necessarily res

Half-lives, How many half-lives are required for the concentration of react...

How many half-lives are required for the concentration of reactant to decrease to 1.56% of its original value?

Liberalisation of the economy, Liberalisation of the Economy: Removal...

Liberalisation of the Economy: Removal of Industrial Licensing: All industrial licensing was abolished but for a shortlist of 18 industries related to security and strategic

Mrs and mrts, compare marginal rate of technical substitution and marginal ...

compare marginal rate of technical substitution and marginal rate of substitution

Marketing, how distribution is arranged to provide customer service

how distribution is arranged to provide customer service

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