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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.

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3 years ago

Fishermen’s Corp. is considering purchasing a boat. If the boat was purchased, it is expected to receive $20,000 at the end of t

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The boat today is worth 100,440 dollars

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We need to solve for the present value of the payment Fishermen's Corp will receive for the boat:

We will apply the formula for lump sum to each $\frac{Maturity}{(1 + rate)^{time} } = PV$

cash flow and then add them together

$\frac{20,000}{(1 + 0.08)^{1} } = PV$

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Why microeconomics is useful in business decision making? Explain​

Why microeconomics is useful in business decision making? Explain