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What is the equilibrium of a firm?
The equilibrium of a firm depends with the elasticity of a demand curve.
In long run equilibrium a purely competitive firm will operate where price is?
nn
Distinguish between general equilibrium partial equilibrium analysis?
Partial Equilibrium, studies equilibrium of individual firm, consumer, seller and industry. It studies one variable in isolation keeping all the other variables constant.General Equilibrium, studies a number of economic variable, their inter relation and inter dependencies for understanding the economic system.
Objectives of macroeconomics from conventional perspective?
to achieve full employment,to achieve price stability, to achieve economic growth, equilibrium in B.O.P and equitable distribution of income.
Why Managerial planning seeks to achieve a coordinated structure of operations comments?
macroeconomic equilibrium
What is the equilibrium of a firm?
The equilibrium of a firm depends with the elasticity of a demand curve.
What is firm equilibrium?
Firm equilibrium refers to a situation where a firm achieves a balance between its costs and revenues, maximizing profits. This is attained when the firm produces the level of output where marginal cost equals marginal revenue. It represents the point of optimization for the firm.
In long run equilibrium a purely competitive firm will operate where price is?
nn
KSAs needed by the firm to achieve the strategy and what KSAs are currently resident?
HUMAN RESOURCE KSAs needed by the firm to achieve the strategy and what KSAs are currently resident?
How a firm reaches the equilibrium when output is given and when cost is given?
must be smaller thean the price effect
Distinguish between general equilibrium partial equilibrium analysis?
Partial Equilibrium, studies equilibrium of individual firm, consumer, seller and industry. It studies one variable in isolation keeping all the other variables constant.General Equilibrium, studies a number of economic variable, their inter relation and inter dependencies for understanding the economic system.
What are the objectives of a firm?
The objective of the firm is the goals that a firms desires to achieve. In most cases, the objective will be to make profits.
Objectives of macroeconomics from conventional perspective?
to achieve full employment,to achieve price stability, to achieve economic growth, equilibrium in B.O.P and equitable distribution of income.
What will happen if an individual perfectly competitive firm charges a price above the industry equilibrium price?
If an individual in a perfectly competitive firm charges a price above the industry equilibrium price this is bad. This company will go out of business quickly because their customers will go find the lower price.
Why Managerial planning seeks to achieve a coordinated structure of operations comments?
macroeconomic equilibrium
What are the different type of equilivery?
There are three main types of equilibriums in economics: static equilibrium, dynamic equilibrium, and general equilibrium. Static equilibrium refers to a state where there is no tendency for change at a particular point in time. Dynamic equilibrium involves continuous adjustments to maintain stability over time. General equilibrium considers the interrelationships between markets in an entire economy to achieve overall equilibrium.
What is the state of equilibrium which sections of the earths lithosphere achieve when vertical forces upon them are unchanged?
isostasy
