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how it will produce the goods or services
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Once a firm knows what is it should produce what must it then decide?
Once a firm knows what is it should produce what must it then decide
Once a firm knows what it should produce what must it then decide?
how it will produce the goods or services
Once a firm knows what it should what must it then decide?
how it will produce the goods or services
Should a monopolistically competitive firm take into account it's fixed costs when deciding how much to produce?
No. A monopolistically competitive firm should produce up to the point where marginal revenue equals marginal cost.
WHAT IS production decision in managerial economics?
Production decision:A firm needs to answer four basic questions - what to produce, how to produce and how much to produce and for whom to produce.What to produce?A firm will produce according to its perception of the customer demand. It can either produce consumer goods like food, clothing etc. (which are for consumption purpose) or it can produce capital goods like machinery etc. (which are for investment purposes).How to produce?Goods can be produced by certain techniques. Firms have the option of producing goods by labour intensive technique and capital intensive technique. Labour intensive technique is the one in which manual labour is used to produce goods. Capital intensive technique is the one in which machinery like forklift, assembly belts etc. are used to produce goods.How much to produce?A firm has to decide its production capacity and also how much of their good a consumer needs and produce accordingly.For whom to produce?A firm has to decide its target population (i.e. to whom they will serve products and/or services). Example, it will not be viable to produce luxurious goods or middle income or low income group if they can't afford it and produce basic necessity goods for rich class if they don't need it. Therefore, a firm needs to match its produce according to the target population it is serving.
Once a firm knows what is it should produce what must it then decide?
Once a firm knows what is it should produce what must it then decide
Once a firm knows what it should produce what should it decide?
how it will produce the goods or services
What a firm knows what it should produce what must it then decide?
how it will produce the goods or services
Once a firm knows what it should produce what must it then decide?
how it will produce the goods or services
Once a firm knows what it should what must it then decide?
how it will produce the goods or services
Once a firm knows how to best use the land to which it had access what must it then decide?
how to set the ratio of labor to capital in the production process
What a firm knows how to best use the land to which it has access what must it then decide?
how to set the ratio of labor to capital in the production process
What Once a firm knows how to best use the land to which it has access what must it then decide?
how to set the ratio of labor to capital in the production process
Should a monopolistically competitive firm take into account it's fixed costs when deciding how much to produce?
No. A monopolistically competitive firm should produce up to the point where marginal revenue equals marginal cost.
WHAT IS production decision in managerial economics?
Production decision:A firm needs to answer four basic questions - what to produce, how to produce and how much to produce and for whom to produce.What to produce?A firm will produce according to its perception of the customer demand. It can either produce consumer goods like food, clothing etc. (which are for consumption purpose) or it can produce capital goods like machinery etc. (which are for investment purposes).How to produce?Goods can be produced by certain techniques. Firms have the option of producing goods by labour intensive technique and capital intensive technique. Labour intensive technique is the one in which manual labour is used to produce goods. Capital intensive technique is the one in which machinery like forklift, assembly belts etc. are used to produce goods.How much to produce?A firm has to decide its production capacity and also how much of their good a consumer needs and produce accordingly.For whom to produce?A firm has to decide its target population (i.e. to whom they will serve products and/or services). Example, it will not be viable to produce luxurious goods or middle income or low income group if they can't afford it and produce basic necessity goods for rich class if they don't need it. Therefore, a firm needs to match its produce according to the target population it is serving.
Why should someone use a brokerage firm?
Someone who knows of a company whose stock they want to purchase can talk to a stockbroker from a brokerage firm and the brokerage company will do all the work for the individual for a percentage.
8. The marginal output rule states that if a firm does not shut down then it should produce output at a level where?
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