Economics

what are the economic tool which help manager in decision making

The United States economy is still best described as a mixed economy. It is considered thus because it involves the public, private, and international sector.

Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade.

Anything that is not the car can be an oppertunity cost. for an instants an ipod or a house can be the oppertunity cost. the definiton of oppertunity cost is the value of the next best akternative given up when a choice a made.

theme

apex=)

Flat.

the opportunity cost would that it will put the government in big defected in order to provide temporarat relief to business and institutions and envirment so on.

Oppertunity cost.

The cost of an alternative that must be forgone in order to pursue a certain action. Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). It is the sacrifice related to the second best choice available to someone. Opportunity cost is a key concept in economics, and has been described as expressing "the basic relationship between scarcity and choice". The notion of opportunity cost plays a crucial part in ensuring that scarce resources are used efficiently.

My answer would be that HR has a budget for hiring etc, therefore it would be considered a hiring cost from its budget.

The labor cost would be what it cost to produce a product and the wages paid out etc.

when will a cost benefit analysis be done

In the economical term opportunity cost means the best next alternative forgone

They became culturally different from one another.

considering whether companies or the government should make the goods.

They organize resources to try to meet a society's wants and needs.

People try to fulfill both with limited resources.

People have unlimited wants and limited resources to fulfill them.

A designer who starts a new fashion company

A foreign country begins exporting the product in high volume.

An industrial assembly line

A doctor with expertise in medicine

A person who buys a new laptop doesn't have money to buy new

headphones.