![]() |
Creado por Tulsi Patel
hace alrededor de 8 años
|
|
Pregunta | Respuesta |
What are firm's maximizing objectives? | Profit maximization however some firms maximize sales, growth or managerial objectives. |
What are PLC's | Public limited company where there are thousands of shareholders who employ managers and executives to run the business. |
Short run features | One factor must be fixed, firms can increase output by adding more of a variable, firms cannot leave or enter the market. |
Long run features | No factors are fixed, output can be changed by altering the scale of the fop or increasing capacity, firms can enter and leave the market. |
What are returns to scale | When a firm increases a scale of a fop, three things can happen; - Increased returns where the is a more than proportionate increase - Decreased returns where there is a less than proportionate increase - Constant returns where change is exact |
Marginal and Average curves | - when marginal > the average, the average rises - when marginal < the average, the average falls - when marginal = the average, average is constant |
¿Quieres crear tus propias Fichas gratiscon GoConqr? Más información.