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Q. What is Technical Economies?
The significant technical economies result from the use of specialised capital equipment that comes into effect only when output is produced on a large scale. Technical economies also arise from indivisibilities that are the characteristics of modern techniques of production. Or we can say that as the scale of production increases the firm reaps the benefits of mechanisation of using mass production methods. This will decrease the unit cost of production.
In regards to air pollution, use a diagram to show and explain how the existence of pollution can make the market equilibrium inefficient.
What are the important external forces Management has to identify all significant factors which influence a firm. These factors can largely be divided into two categories. Mana
analyze the method by which firm can allocate the given advertising budget between different media of advertisement
In Home and Foreign there are 2 factors of production, land & labor, used to produce only one good. The land supply in every country and the technology of production are exactly th
Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#
1. The price of a U. S. produced hammer is $5. The exchange rate with Malaysia is 3 Ringgit/1$. What is the current price of the hammer in Malaysia? (Assume no transportation cost.
How does economic theory contribute to managerial decisions?
Consider the following table. It shows the market shares of seven clothing stores (A to G) in five dissimilar cities. a) Calculate the Herfindahl index (?H) for each city.
what is a firm
Define the shift in demand curve To put it differently, demand for a commodity means entire demand schedule that demonstrates the varying amounts of goods purchased at alternat
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