Cost considerations for managers, Microeconomics

Assignment Help:

Some Cost Considerations for Managers

* Three guidelines for estimating the marginal cost(MC):
1) Average variable cost should not be used as substitute for the marginal cost(MC).

2) A single item on firm's accounting ledger can have two components, only one of which involves marginal cost(MC).

3) All opportunity cost should be included in determining the marginal cost(MC). 


Related Discussions:- Cost considerations for managers

Types of budget, Types of budget: Surplus Budget: A surplus budget o...

Types of budget: Surplus Budget: A surplus budget occurs when the expected government revenue is planned to exceed the proposed government expenditure. It can be achieved by

State property regime , State Property Regime Normal 0 ...

State Property Regime Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Market-friendly reforms, Market-Friendly Reforms: One main shortcoming...

Market-Friendly Reforms: One main shortcoming of present development cooperation is that recipients of development cooperation is that recipients of development finance are d

Society of international financial telecommunications, Society of Internati...

Society of International Financial Telecommunications: The foreign exchange market operates worldwide, that is, the reach of the foreign exchange market is global. The foreign

Compute marginal cost and average cost, Fill in the column of marginal prod...

Fill in the column of marginal products. What pattern do you see? How might you explain it? b. A worker costs $30 per day and the ''Firm has fixed costs of $10. Use this informat

Economic models, the general characterictics of economic models,its limitat...

the general characterictics of economic models,its limitations and verification

Explain the human development index, Explain the Human Development Index ...

Explain the Human Development Index Introduced by the UN in 1990, the index take into account not only the goods and services formed but also the ability of a population to use

Explain the terms inflation and deflation, Discuss whether inflation or def...

Discuss whether inflation or deflation is the more serious problem for an economy. Inflation is a consistent general enhance in the price level, whereas deflation is a consiste

Write Your Message!

Captcha
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