Saturday, September 6, 2014
Friday, May 9, 2014
A profitable approach towards ECO 550 Midterm Exam
ECO 550 Midterm Exam is related with the economics of business or ventures. It’s the
economic-sense of the staff at the managerial level, that helps the agency or
company to come forth through successfully in the most tested times. For
instance, the prime concern of a profit aiming firm would be of maximizing the
value of shares. The production cost and the work's other basic fares should
get covered by the profits made on a monthly basis.
The income tax return paid every year by
the agency is considered a form of explicit cost. The economic graph of a
company is considered satisfactory as long as the marginal benefits exceed
marginal costs. The high level economics and accountability involved in the ECO550 Midterm Exam can be readily dealt with by the people whoa re good with
numbers. Yet another factor that decides the economical decision f or a company
would the correlation between demand and supply. For instance, if the supply of
cars is sufficient but comes with a high-end cost, the production cost may not
be recovered by the company if the maximum retail value of the cars is too
high. By reducing the prices and bringing them almost equal to the ones of the
rival company's car models, the car's production cost can be recovered.
Likewise, the non-profit firms follow their
own level of economics. For instance, the prime objective on which the
profitability of a non-profit firm is founded is not maximization of
productivity costs. It is essential to keep the past economic pattern of a
company under review while considering its future profitability options. The
basics of this exam can prove to be beneficial for a person if he/she wishes to
open a venture or a new firm some day. Be it a corporate or a non-profit
organization of the economics that form the baseline of every firm is very
essential.
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