Elaborate the logic of economics

Assignment Help Microeconomics
Reference no: EM1375836

What do we mean when we refer to basic economic difficulties of what to manufacture, how to manufacture, and for whom to manufacture? Please describe and elaborate the logic of looking at economics in this way.

Reference no: EM1375836

Questions Cloud

Explain how many kanbans are needed : Chip Gillikin's organization needs to establish kanbans to feed a newly established work cell. The subsequent data have been offered. Explain how many kanbans are needed.
Illustrate what impact might such a sticker have : Think back to the executive who recognized employees with motivational stickers, like "Dynamite." Illustrate what impact might such a sticker have on your job performance also satisfaction.
Labor market indicator : Discuss why is it difficult to estimate who is and who is not in the labor force? What consequence does this have, if any, for the labor market indicator?
Illustrate what are your candidates for bad design : Make a list of the factors which make a design unworkable. Which one of the designs on the website is your favourite. Illustrate what are your candidates for bad design.
Elaborate the logic of economics : What do we mean when we refer to basic economic difficulties of what to manufacture, how to manufacture, and for whom to manufacture?
Illustrate what will be the ucl also lcl : It found which it had an average of .002 defective shipments. It needs to monitor this shipping accuracy using control chart. Illustrate what will be the UCL also LCL.
Illustrate the seven problems in achieving acquisition : Identify also elucidate the seven reasons industries engage in an acquisition strategy. Illustrate what are the seven problems in achieving acquisition. No word limit.
Illustrate what is the solution for the new lp : Supposed the objective function is changed to, do you need to re-graph the feasible region of this LP. Why. Illustrate what is the solution for the new LP.
Describe which dimension of e-commerce technology : The integration of video, audio also text marketing messages into a single marketing message also consumer experience describes which dimension of e-commerce technology.

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Impact of incentives on production plans

Suppose you manage a United States based firm that makes shoe laces that you sell in a highly competitive market your shoe laces are considered a standardized commodity through your consumers

  Interrelationship between four financial statements

What is the interrelationship between the four financial statements? Why is it important to make comparisons using ratio analysis? What are the different ways you can make comparisons?

  Determine factors that influence price elasticity of demand

Select a product you have purchased in the past month from a clothing or shoe store. Explain how each of the four factors contributed to the elasticity of the good.

  Graphing the supply and demand curves

Assume you are an aid to a government official planning on some recently proposed excise tax on welfare of her constituents.

  Advantage of economies of scale

Provide an example of an airline or aviation firm trying to take advantage of economies of scale. Do you think they are/were successful? In what way?

  Determining aftertax cash flows

Cost of capital is 12%. Its expects aftertax cash flows (including the tax shield from depreciation) for the next 5 years are:

  Stabilize the price of gasoline by fund

To prevent gasoline values from having devastating effects on economy it has been proposed that all gasoline values in U.S. be fixed at the average value for the past 2-years.

  Determining profit outcome

A firm is making production plans for upcoming quarter, but the manager doesn't know what the price of the product will be next month. She thinks there is a 30 percent chance price will be $500 and a 70 percent chance price will be $750.

  Changes in price of a key commodity

How would government react to sudden, large changes in the price of a key commodity, such as gasoline, electricity, or prices on stocks on the New York Stock Exchange?

  Change balance of fixed and variable costs

Select an organization that has a high fixed cost and low variable cost balance to run its operations. Explain and discuss the balance of fixed and variable costs for the organization.

  Profit-maximization long-run supply curve

Using the firms marginal cost curve, compute the profit-maximization long-run supply curve for typical retailer. Compute the average total cost curve for the typical gasoline retailer, and determine that average total cost are less than price at the..

  Increase in chocolate syrup sales

A grocery store notices that the cross-price elasticity between ice cream and chocolate syrup is -.3. The store is advertising a sale with ice cream prices reduced by 20%.

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!

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