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How does Maruti Udyog Ltd. Fix the price...

How does Maruti Udyog Ltd. Fix the prices of its cars, is it studied in macroeconomics?

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False: Macroeconomics is the study of aggregates e.g., determination of general price level in an economy. The principles underlying the pricing of a single good buy a single firm or single industry are studied in microeconomics.
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The Production Head of Maruti Udyog Ltd instructs his foreman to go slow in producing the product but the Sales Manager wants more production in order to increase the sales of the company. Thus, he forced the production foreman to go fast. Which principle of management is being violated in this case? State the consequences which can occur.

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FULL MARKS-INTRODUCTION TO ECONOMICS -NCERT TEXTBOOK QUESTIONS SOLVED
  1. Economy always operates on PPC.

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  2. Define Marginal Opportunity cost.

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  3. How does Maruti Udyog Ltd. Fix the prices of its cars, is it studied i...

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  4. Whether the cotton textile industry is an example of micro or macroeco...

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  5. "Scarcity and choice go all together" Defend or refute.

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  6. "Only 'Scarce Goods' attract price." Comment.

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  7. A lot of people die and many factories are destroyed due to floods in ...

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  8. Massive unemployment will shift PPC to the left. Defend or refute.

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  9. A country's resources are fully and efficiently employed. The problem...

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  10. In an underdeveloped economy why there is the need of efficient utiliz...

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  11. India is a labour abundance and capital scarce economy. Which techniqu...

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  12. A water resources are limited in our country, how can we economise the...

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  13. Scarcity of resources is a universal phenomenon and is not confined to...

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  14. The problems of scarcity of resources and their alternate uses arise e...

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  15. Although water is useful, yet it is cheap. On the contrary, diamond is...

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  16. Why is it that on one hand coal is found in plenty, yet it is scarce w...

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  17. A farmer is getting more profit by producing opium rather than that of...

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  18. Large number of technical training institutions have been started by t...

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  19. Unemployment is reduced due to the measures taken by the government. S...

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  20. The government has started promoting foreign capital. What is its econ...

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