scarcity and oppurtunity cost, Managerial Economics

define scarcity and oppurtunity cost.show how these concepts are useful in managerial decision making
Posted Date: 3/17/2013 11:46:29 AM | Location :







Related Discussions:- scarcity and oppurtunity cost, Assignment Help, Ask Question on scarcity and oppurtunity cost, Get Answer, Expert's Help, scarcity and oppurtunity cost Discussions

Write discussion on scarcity and oppurtunity cost
Your posts are moderated
Related Questions
Describe the Optimisation of managerial economics Optimisation techniques are perhaps the most vital to managerial decision making. Given that alternative courses of action are

"Inflation is not possible under the gold standard." Is this declaration true, false, or uncertain? Describe your answer

OBJECTIVES OF CREDIT CONTROL The old objective of controlling credit creation by the commercial banks in the country was dictated by considerations of maintaining stability of

Suppose Fiat recently entered into an Agreement and Plan of Merger with Case for $4.3 billion. Prior to the merger, the market for four-wheel- Drive tractors consisted of five firm

Direct control and Moral Suasion Without actually using the above weapons, the central bank can attempt simply to use "moral suasion" to persuade the commercial banks to restr

What are the conclusions about the cost of production and efficiency in the long-run equilibrium of a perfectly competitive industry? Three conclusions regarding the cost of pr

LONG RUN OUTPUT In the LR whether or not the firm makes profit will depend on the conditions of entry.  For example, when surplus profits exist, there will be new entrants bec

Price elasticity of demand The price elasticity of demand is defined as the degree of sensitiveness or responsiveness of demand for a commodity to the changes in its price. Mo

Goverment Banker, Fiscal Agent and Adviser Central banks in all countries acts as the fiscal agent, banker and adviser on all important financial matters to government of thei

The concept of isocost In the use of resources, firms are faced with opportunity cost.  For every addition of say capital, they must forego a unit of say labour. Expositio