Microeconomics in study of managerial economics, Microeconomics

Assignment Help:

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.


Related Discussions:- Microeconomics in study of managerial economics

Determine the optimal price, The largest public utility company in New Sout...

The largest public utility company in New South Wales (NSW) is the sole provider of electricity across all regions in the state. The monthly demand for electricity in NSW is given

Explain about counter-cyclical policies, Q. Explain about Counter-Cyclical ...

Q. Explain about Counter-Cyclical Policies? Counter-Cyclical Policies:Governments may take many different actions to offset ongoing booms and busts of private-sector economy. T

Market structures, #question.contrast the long run equilibrium position of ...

#question.contrast the long run equilibrium position of monopolistic competition firm and oligopoly.

What are the basic economic institutions, What are the basic economic insti...

What are the basic economic institutions? There are two fundamental economic institutions which have been so far used into the real world are as: a. Market economic institut

TRENDS and Composition, discuss the trend and composition of national incom...

discuss the trend and composition of national income and per capital income

Arbitrage pricing theory, Arbitrage Pricing Theor y Arbitrage ...

Arbitrage Pricing Theor y Arbitrage defines the procedure of continuously buying a security for privacy, currency, or commodity on one market and selling it in another

Budget constraints, Budget Constraints   * The Budget Line - The budg...

Budget Constraints   * The Budget Line - The budget line indicates all the combinations of 2 commodities for which total money spent equals the total income. * The Budget

Intermediate products, Intermediate Products: Products (which includes both...

Intermediate Products: Products (which includes both services and goods) that aren't produced in order to be consumed, but somewhat are produced in order to be used in the producti

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