EDUCTION

    COST FUNCTION 1.        The total cost function of a firm is given by C =2/5X    +   49/2 Where C is total cost and x is the units of output. Find   i) total cost when output is 100 units   ii) AC when output is 250 units iii) MC when output is 75 units   2.                     If the cost function is given by : C= 1000+100x-50x 2 +1/3 x 3 Find out i) MC and Slope of MC curve ii)ATC function and iii) the value of x when AVC=MC   3.        Given the following information, determine the equations for TFC, AFC, TVC,AC,TC,AC & MC 1)        X=20l, WHERE X=units of output and L=units of labour 2)        Price of variable input = Rs.10 3)        50 units of fixed inputs are used ...

    Approach to managerial Decision making OR Application of the Theories of Economics in Business Decisions The following are the main theories in economics that help the firm in the decision-making process. Theory of Demand Demand theory explains the consumer’s behavior. The theory helps to understand the behavior of consumers when the determinants of demand such as income, taste and fashion, prices of substitutes etc change. Knowledge of demand theory is vital in the choice of commodities for production. Theory of Production The basic function of a firm is to produce goods and services and sell them in the market. Production requires employment of various factors of production. The factors are substitutes among themselves to a certain extent. To maximize production and profit, it is necessary to achieve the least-cost combination of factors. Production theory is of immense use in determining the size of the firm, the size of the total output, and t...

   Fixed and Floating Exchange Rate Regime Floating Rate vs. Fixed Rate: An Overview More than $5 trillion is traded in the currency markets on a daily basis, as of 2018. An exchange rate is the rate at which one currency can be exchanged for another. In other words, it is the value of another country's currency compared to that of your own. If you are traveling to another country, you need to "buy" the local currency. Just like the price of any asset, the exchange rate is the price at which you can buy that currency. If you are traveling to Egypt, for example, and the exchange rate for U.S. dollars is 1:5.5 Egyptian pounds, this means that for every U.S. dollar, you can buy five and a half Egyptian pounds. Theoretically, identical assets should sell at the same price in different countries, because the exchange rate must maintain the inherent value of one currency against the other. Floating Rates Unlike the fixed rate, a floating exchange rate is de...

    10 trends in online promotions During 2017, the paradigm of online ads and marketing changed rapidly—mostly because of quick developments on social media networks. Instagram established itself as the  social network with the most impact and growth , while Facebook offered continuous changes that have come to define it as a  great online ad network , and YouTube became an important platform thanks to  video domination  and video marketing strategies. Digital campaign management firm  Easypromos  predicts that in 2018 we will see these trends blossom, which make up an expansion and diversification of the online relationship between brands and customers. Digital marketers will utilize all the effective promotion and ads tools to create this highly interactive experience, while quickly discarding the actions that aren’t showing good results according to their planned goals. In this context, Easypromos has prepared a forecast of the top 10...