Development of skilled labour - external economies, Managerial Economics

Assignment Help:

Q. Development of Skilled Labour - External Economies?

As the industry grows training facilities for labour will increase. This helps development of skilled labour that would increase the productivity of workers in the firms.

Growth of Subsidiary and Ancillary Industries: Expansion of an industry can facilitate the growth of subsidiary and ancillary industries to produceequipments, tools and machines etc. and to provide them to main industry at the lower prices. Similarly firms can also come up to transform the waste of the industry into some useful products. This tends to decrease the cost of production.


Related Discussions:- Development of skilled labour - external economies

Why do monopolies exist, Why Do Monopolies Exist? Monopolists have mark...

Why Do Monopolies Exist? Monopolists have market power and as a consequence will charges higher prices and generate less output than a competitive industry. It produces profit

Implications for the shape of cost function, Q. Implications for the shape ...

Q. Implications for the shape of cost function? A cost function is also a mathematical relationship, one which relates the expenses an organisation incurs on the quantity of ou

Show the method of production, Q. Show the method of production? A proc...

Q. Show the method of production? A process or method of production is a combination of inputs essential for the production of output. A method of production is technically eff

What is managerial economics according to spencer, What is Managerial econo...

What is Managerial economics according to Spencer and Siegelman Spencer and Siegelman:  Managerial economics is "the integration of economic theory with business practice for t

Point elasticity of demand, calculate point elasticity of demand for demand...

calculate point elasticity of demand for demand function q=10-2p for decrease in price from rs 3 to rs 2

Stakeholders, The following represents the section headers you should consi...

The following represents the section headers you should consider for your reasoned document.   Each section should have (at least) two research citations to support your work :

Show the example on transaction cost theory, Q. Show the example on transac...

Q. Show the example on transaction cost theory? Coase begins from standpoint that markets could in theory carry out all production and that what needs to be illustrated is th

1, critically analyze the firm''s theory of profit maxmization

critically analyze the firm''s theory of profit maxmization

What is optimal output rule, What is optimal output rule? Optimal outpu...

What is optimal output rule? Optimal output rule: According to the optimal output rule, describe that profit is maximized through producing the quantity of output at that th

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