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An industrial assembly line
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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.
What is difference between opportunity cost curve and production possibility curve?
Production possibility curve represent the production of an economy by using the all possible factor of production and Opportunity cost curve show that a person move from one department , industry etc to another for better opportunity or better salary.
How could opportunity cost be examined?
Opportunity cost is the cost of the next-best choice available to someone who has to pick between several choices. It is a key concept in economics used to describe "the basic relationship between scarcity and choice". Opportunity cost is examined by selecting one option and then comparing the expected rewards of that option to the rewards of next option. If a company had money to invest in either marketing or production the opportunity cost of one would be the loss of benefit form not picking the other. For example if the company chooses to invest in marketing instead of improving manufacturing (its next best option) which would increased profits $100000 the opportunity cost of the decision is said to be $100000. If the company makes more than $100000 the company has made a good decision. If the increase in marketing does not make $100000 for the company the decision is considered not at as good as the lost opportunity-cost. It would have been more profitable to invest in the option not selected.
What is the forgone benefit of choosing option A over option B?
The forgone benefit of choosing option A over option B is the potential advantages or rewards that could have been gained by selecting option B instead.
How would war affect aggregate demand and what happens to output and the price level?
As war is an unexpected factor that impedes the economic growth of a country, it leaves the aggregate demand with no option but a slope negatively downwards in dicating higher price levels.
How is the option premium taxed?
The option premium is taxed as a capital gain when the option is sold or expires.
What is the meaning of the acronym LPO in auto?
LPO = Limited Production Option.
What is an example of a Macro Control Option?
cheese
How are option premiums taxed?
Option premiums are taxed as either short-term or long-term capital gains, depending on how long the option is held. Short-term gains are taxed at ordinary income tax rates, while long-term gains are taxed at lower capital gains rates.
Why is issuing stock a popular method used to raise capital?
investors cannot earn money, the company does not have to repay capital, paying dividends is not an option
How do you find the greatest common factor on the ti-84?
In this example, we will find the greatest common factor of 132 and 500: Press MATH and scroll over to NUM on the top. Scroll down and select option 9, "gcd(". (This stands for greatest common denominator.) Type the first number, followed by a comma, followed by the second number. Then type and ending parenthesis. In this example, you should have: gcd(132,500) Press ENTER. In this example, the answer should be 4.
How do you type an i without the dot?
Option, Shift B or CAPS LOCK look at a capital i and a lowercase i, I i
What is a key factor in option pricing for individual stocks?
There's no single key factor, but several key factors. These areCurrent asset pricestrike pricevolatilityrisk free ratedividend (continuous or discrete)time to maturityThese factors affect the option price. See the related link for actual examples of option pricing in practise
1973 dodge charger production numbers with 440 cid engine option?
check out allpar.com.
What is a good example of a software option trader?
A good example of a successful Software Option Trader is SoftwareExpress, MerrillEdge, CBOE, and InvestorPlace. Any of these companies can help build a portfolio.
Difference between share capital and share warrant?
Share capital is the amount invested by investors in business while share warrant is the option to purchase the shares anytime.
What are the various change case option available on MS Word Explain each one of them with and example?
UPPERCASE.lowercase.Sentence case, where just the first word starts with a capital letter.Title Case, Where Every Word Starts With A Capital Letter.Toggle Case which will reverse the case of each letter.so it would be:tOGGLE cASE WHICH WILL REVERSE THE CASE OF EACH LETTER.
