1 Explain why the concept of consumer (CS) and producer (PS) surplus very important (eg in...

1  Explain why the concept of consumer (CS) and producer (PS) surplus
very important (eg in industry analysis; Dansby-Willig
Performance Index))?

2

One of the strategic decisions that must be taken by the manager is how to optimize (minimize) production costs. Cost what appears in the procurement of inputs are transaction costs (transaction cost). Explain why transaction fees play a role a very important role in the process of procuring inputs (input procurement). How to optimize procurement costs the?

3

Company managers in making business decisions are not deep
vacuum. Many factors influence a decision
business. For example, problems that arise as a result of the manager's relationship
and employees / laborers.
Describe the principle-agent problem associated with relationships
the manager and the employee.

Expert Solution

The explanation of the above question mentioned in below image

Rahul Sunny answered 1 year ago

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