Microeconomics in study of managerial economics, Microeconomics

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.

Posted Date: 4/1/2013 4:06:23 AM | Location : United States







Related Discussions:- Microeconomics in study of managerial economics, Assignment Help, Ask Question on Microeconomics in study of managerial economics, Get Answer, Expert's Help, Microeconomics in study of managerial economics Discussions

Write discussion on Microeconomics in study of managerial economics
Your posts are moderated
Related Questions
How does production possibility curve help solve central problems?

#. The following information applies to the market for a particular items in the absence of a unit excise tax: Price($ per unit) Quantity Supplied Quantity Demanded 4 50

Question Suppose you work for the state government of California. Due to the heavy traffic jam on I-880, the state has decided to decide to construct a new highway. To fund a p

A local airline charges $500 to fly (round-trip) to Louisville, Kentucky. From the past three months, whereas the $500 fare has been in effect every of the two daily flights have a

Q. What is Unit Labour Cost? Unit Labour Cost: How much an employer pays for labour needed to produce each unit of a good or service. Unit labour cost can be computed by dividi

ECM101 – MICROECONOMIC POLICY ASSIGNMENT 1 General Guidelines: This assignment comprises two sections and you must answer all questions in each section. Answers must be explained


what are the factors causing oligopoly market?

Suppose that two anti-marijuana proposals are currently being debated in Congress. Proposal I will reduce the supply of marijuana and cause its price to rise by 7%. Proposal II wil

1. Suppose that a monopolistically competitive firm must build a production facility in order to produce a product.  The fixed cost of this facility is FC = $24.  Also, the firm ha