Managerial economies, Microeconomics

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.

Posted Date: 1/2/2013 11:45:14 PM | Location : United States







Related Discussions:- Managerial economies, Assignment Help, Ask Question on Managerial economies, Get Answer, Expert's Help, Managerial economies Discussions

Write discussion on Managerial economies
Your posts are moderated
Related Questions
What are the determinants of income elasticity of demand?  There are three determinants of income elasticity of demand. These are: Degree of necessity of a good: In a developed

how can a consumer get maximum Equlbrim

Assume that the market for lamb is perfectly competitive. Using an appropriate model (or models) illustrate and explain a. How a competitive market arrives at equilibrium


what is the value in 10 years of 1 million dollars if interes rates are 4%?

how does the prices system affect a country

(a) Increase in technology and productivity take effect in the red bull market use and label a graph to explain the result of this change on each of the following (i) Market Pri

Biochemistry is regarded a dull topic. Not many learners like to research it in school since it includes a thorough comprehension of issue and clinical changes in the framework, fr

the price elasticity for gizmos is known to be 1, if sellers of gizmos increase their

what is histogram?