All categories

3 years ago

Why microeconomics is useful in business decision making? Explain

2 answers:

7 0

Explanation: The study of microeconomics helps the decision makers to analyze and determine how the productive resources are allocated for various goods and services. It also helps in solving the producers' dilemma of what to produce, how much to produce and for whom to produce. <33

UkoKoshka [18]3 years ago

6 0

Explanation:

The study of microeconomics helps the decision makers to analyze and determine how the productive resources are allocated for various goods and services. It also helps in solving the producers' dilemma of what to produce, how much to produce and for whom to produce.

You might be interested in

On January 1, Year 1, Lowing Company acquired a patent from Generics Research Corporation for $3 million. The legal life of the

pickupchik [31]

Answer:

The amount of amortization expense each year is $500,000.

Explanation:

This can be calculated as follows:

Patent original cost = $3,000,000

Salvage value after 5 years = $500,000

Number of years to use before selling it = 5 years

Therefore, we have:

Annual amortization expense = (Patent original cost - Salvage value after 5 years) / Number of years to use before selling it = ($3,000,000 - $500,000) / 5 = $500,000

Therefore, the amount of amortization expense each year is $500,000.

4 0

3 years ago

Bus 322 when the organization makes a large-scale change, such as organizational restructuring, the change would be considered:

Charra [1.4K]

Renovating. Hope this helps you.....

7 0

4 years ago

Briefly describe what is meant by the industrial market structure (IMS). Why is an understanding of the IMS so important for com

Nitella [24]

Answer is given below:

Explanation:

Industrial market structure is a systematic representation of different organization based on the level of competition for these products or services
the nature and nature of these products or services in the market.
Industry market is structured is important in a company's strategic management process for the following reasons

Clearly assess business objectives
Knowing how much competition there is in the market.
Get details of your competitor's business development.
Competing in the market

8 0

3 years ago

Schwartz Industry is an industrial company with 100 million shares outstanding and a market capitalization (equity value) of $4

Fudgin [204]

I have to think again about this answer. I will get back! 2.22

6 0

3 years ago

Which one has the objective of "long-term financial success"?

spin [16.1K]

Answer:

C saving

MARK ME BRAINLIEST THANKS MY ANSWER PLEASE

7 0

3 years ago

Why microeconomics is useful in business decision making? Explain​

Why microeconomics is useful in business decision making? Explain