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What is the importance of microeconomics in study of managerial economics?
Ans) It’s a economics for decision making where we have to be very optimize and execute those situation which will be helpful in profit maximization in our business efficiently and effectively
Since the microeconomics describes the concepts like demand, production, supply analysis, so that it increases the profit.
Q. Define Economies of Scale? Economies of Scale: Most economic production requires producing firm or organization to make an initial investment (in real capital, in design and
Fixed input and variable input: A fixed input is that input whose quantity cannot be varied in the short-run when demand conditions require an increase or a decrease in produc
INFO: Suppose that a firm is currently employing 20 workers,(the only variable input), at a wage rate of $60. The average product of labor is $30, the last worker added 12 units to
a severe restriction occurs to the availability of consumer credit throughout the banking and finance system
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which is more dense-Rubidium or Rubidium Hydride?
Fiat money is not a new idea. Some European historians recognize the first use of fiat money in Europe resulting from gold and silver smiths issuing their customers receipts for g
Ask quAsk qIf the supply and demand curves for labor are represented by the following equations: Wd= -- (1/100)Ld + 30 Ws= (1/200)Ls Ws=Wd Ld=Ld a. Graph the results and show the
Expectations played a major role in Keynes' theory of the determination of aggregat output and employment in market economies in the short run. Expectations about future yields on
what is the example of this law
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