Managerial Economics and Business Strategy Midterm 2022
manager - -A person who directs resources to achieve a stated goal. -Economics - -The science of making decisions in the presence of scarce resources. -managerial economics - -The study of how to direct scarce resources in the way that most efficiently achieves a managerial goal. -economic profits - -The difference between total revenue and total opportunity cost. -opportunity cost - -The cost of the explicit and implicit resources that are forgone when a decision is made. -incentives - -Affect how resources are used and how hard workers work.
Geschreven voor
- Instelling
- Managerial Economics
- Vak
- Managerial Economics
Documentinformatie
- Geüpload op
- 12 april 2023
- Aantal pagina's
- 11
- Geschreven in
- 2022/2023
- Type
- Tentamen (uitwerkingen)
- Bevat
- Onbekend
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managerial economics and business strategy midterm 2022
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