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How managerial economic tools such as marginal revenue marginal product marginal cost and marginal profit can be used to inform decision making?
basic economic tools in manaregial economics
What are the application on marginal costing for managerial decision?
Marginal costing is used by an organization for taking many policy decisions The various areas are 1)Alternative methods of production 2)fixation of selling point 3)Balancing of profits 4)New product introduction 5)Buy or make decisions
What are the importance of equi marginal utility?
The importance of the equi marginal utility is that it is used as a basis for the progressive taxation. The other importance is that it is used in the redistribution of income.
The pattern of speech organization used in a speech topic that progresses in order of time is?
chronological
Why are marginal gains used as the world’s biggest success formula?
As frequently occurs, supposed minor additions hypothesis before long turned into an idea in the business diaries; it's the thought that little, steady enhancements in a business cycle, when added together, can make a huge improvement. Here are the example which prove that marginal gains can be used as the world’s biggest success formula. youtu.be/yVxBLKuNsMg
Relationship between Marginal revenue and Demand curve?
marginal revenue always lies behind the demand curve,and when demand increases marginal revenue also increases.demand curve is used to determine price of a commodity.
Is there a pattern to how freshwater is used throughout the world?
no:)
What formula is used for the multiplier in an open economy?
1/1-(mpc-mpm) mpc- marginal propensity to consume mpm- marginal propensity to import
What is marginal private costs?
The marginal private cost shows the cost associated to the firm in question. It is the marginal private cost that is used by business decision makers in their profit maximization goals, and by individuals in their purchasing and consumption choices.
Has the World trade organization been successful in achieving its mission to date?
The World Trade organization used competition to encourage the success of the trade partners. They are trying to improve employment and productivity.
What is meant by marginal damage?
Marginal damage is a term used in the economics of law that refers to the incremental (derivative) change in damage incurred by increasing levels of risk or decreasing levels of prevention with respect to some kind of harmful activity. Marginal damages are used to calculate optimal levels of damage, risk, and prevention.
Blood sampling from marginal ear vein of rabbit?
The blood is collected from the artery of ear rabbit (that lies in the middle of ear) but the marginal vein is used to injecte substances.
