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

What are economies of scale and diseconomies of scale, What are economies o...

What are economies of scale and diseconomies of scale?  In economics, returns to scale and economies of scale are terms that are related and sometimes incorrectly used intercha

Mixed economics, Mixed Economic System and how can this system solve the ec...

Mixed Economic System and how can this system solve the economic problem, with example?

Explain supply vs. quantity supplied, Define and explain the following econ...

Define and explain the following economic terms: Economics, Microeconomics & Macroeconomics Positive vs.  Normative Economics Law of Diminishing Marginal Utility Opport

Causes of inflation, Causes of inflation: Excessive growth in wages ...

Causes of inflation: Excessive growth in wages relative to productivity can cause inflationary pressures. This causes aggregate demand to increase relative to aggregate supp

Explain opportunity costs using a ppf, Explain opportunity costs using a PP...

Explain opportunity costs using a PPF where investment goods are on one axis and consumption goods on the other. Again, a good definition of opportunity costs linked to the not

What is yuen’s profit function, Yuen, a travelling salesman for snake oil, ...

Yuen, a travelling salesman for snake oil, can produce the stuff at a marginal cost of 1. There are 100 potential customers in Vernon, each of whom has the following demand functio

Elasticity, if you were making the pricing decision for the gasoline compan...

if you were making the pricing decision for the gasoline company, would you cut, raise or leae the price unchanged

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