How does analysis of supply helps in managerial decision making?
Answers
Managerial decision making requires understanding both individual firm supply and market supply conditions. ... Along a supply curve, all non-price variables are held constant. A rise in price will increase the quantity supplied, while a fall in price will decrease the quantity supplied...
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Answer:
Answer:Marginal analysis is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity. Companies use marginal analysis as a decision-making tool to help them maximize their potential profits.Helpful in Profit Planning and Control
Answer:Marginal analysis is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity. Companies use marginal analysis as a decision-making tool to help them maximize their potential profits.Helpful in Profit Planning and ControlManagerial economics helps managers to decide on the planning and control of the benefits. Managerial Economics is synchronized between the planning and control of any institution or firm and hence its importance increases. Thus, It plays a huge role in business decisions.
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