Microeconomics in study of managerial economics, Microeconomics

Assignment Help:

What is the importance of microeconomics in study of managerial economics?

 

Ans)  It’s a economics for decision making where we have to be very optimize and execute those situation which will be helpful in profit maximization in our business efficiently and effectively


Since the microeconomics describes the concepts like demand, production, supply analysis, so that it increases the profit.


Related Discussions:- Microeconomics in study of managerial economics

Analyse the possible effects of speculation on exchange rate, Analyse the p...

Analyse the possible effects of speculation on exchange rates. Definition of speculation in currencies as betting on the appreciation/depreciation of a given currency. E

Currency was used in the 1700s, What currency was used in the 1700s? Ans...

What currency was used in the 1700s? Ans) this is depends on the country. Most currencies, though, were based on gold and silver. In America, in the 13 colonies, tobacco wa

Poverty, Poverty: A state of having inadequate income or other resources to...

Poverty: A state of having inadequate income or other resources to support a household (or group of households) at a basic standard of living. Poverty can be measured in absoluterr

Profit maximisattion, argument against in favour of traditonel theory prof...

argument against in favour of traditonel theory profit maximisation

What is an optimization in the methods of mathematics, What is an optimizat...

What is an optimization in the methods of mathematics of modern economics? Optimization is a basic tool for the development of modern microeconomics analysis. Many of economic

What are the differentiated conditions of economic issue, What are the diff...

What are the differentiated conditions of economic issue? While discussing an economic issue, this is very important to differentiate between: (a) Two types of conditions: e

Sustained increases in material productivity of human labor, Why were there...

Why were there not any sustained increases in material productivity of human labor back before 1500? Since improved technology quickly ran aground on resource scarcity. As huma

Data manipulation, Data were taken with a Data Acquisition System (DAQ) and...

Data were taken with a Data Acquisition System (DAQ) and stored in the data file 'data.txt'. 'data.txt' is a text file with 3 columns containing the following data: Column 1: Ti

What are the property rights in the process of development, Explain the imp...

Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b

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