User Account

All Pages

Describe the most relevant economic concept

Assignment Help Business Economics
Reference no: EM133131819

Assume you are a sales manager who has to decide whether an additional salesperson should either to be hired and if so in which of the company's twelve sales districts should that person be employed. Recall that Profit = Revenue - Costs. Name and describe the most relevant economic concept you might use to make your decision? Explain how you would justify your decision to your boss using this concept

Reference no: EM133131819

Questions Cloud

What is the amount of investment net income : Holland Inc. declared and paid a dividend of $3 per share. What is the amount of investment net income for the fiscal year ended December 31, 2021
Involving the school community and communicated clearly : Explain how the policies in the school (and the laws) should be addressed student misconduct are developed and implemented in a positive, fair, and unbiased man
Affordable care act : Assume that the Affordable Care Act (ACA), a landmark healthcare reform act passed by the United States Government in 2012,
Find the total amount of interest accrued by ABC Corp : If the note has monthly compounded interest and it is sold to third party on May 5th, find the total amount of interest accrued by ABC Corp until moment of sale
Describe the most relevant economic concept : Assume you are a sales manager who has to decide whether an additional salesperson should either to be hired and if so in which of the company's twelve sales di
ASE 4423 Introduction to Computational Fluid Dynamics : ASE 4423 Introduction to Computational Fluid Dynamics Assignment Help and Solution, Mississippi State University - Assessment Writing Service
Draw a production possibility curve : Draw a Production Possibility Curve for the United States (or your native country if you are not from the US) today between capital goods and consumer goods.
Major developments in quantitative policy evaluation designs : At this point in the course, you have been introduced to the major developments in quantitative policy evaluation designs.
Problem of finding the nash equilibria : (a) "In stock markets, the investors are in a zero-sum game." Is this statement true or false? Explain your answer.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd