5 Questions
What are the main factors that affect demand and need to be analyzed by a firm?
Price, income
How does a firm make a profit and what are the two ways mentioned in the text?
By increasing the demand or by reducing the cost
Why is pricing a challenging aspect of Managerial Economics?
Other players are competing in the same price segment
What is the Equi-marginal principle related to in Capital Management?
Planning and control of capital expenditures
What are the main topics dealt with in Capital Management?
Cost of Capital, Rate of Return, Selection of Projects
Test your knowledge of managerial economics, the branch of economics that applies microeconomic analysis to help managers make complex decisions. Explore the application of economic concepts and analysis to formulate rational managerial decisions.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
