Which of the following is NOT an example of ways in which microeconomic analysis can help Toyota Motor Corporation in its corporate decision making?
A) Forecasting demand for new automobiles
B) Determining how many automobiles to produce in order to maximize profits
C) Predicting how competitors will react to the firm's pricing strategy
D) Forecasting the effect of Toyota's hiring patterns on the U.S. unemployment rate
E) Forecasting the effect of an oil price increase on demand for hybrid autos

Question

Quizplus · Accepted Answer

Microeconomic analysis can help with internal corporate decision making such as forecasting demand, production decisions, and pricing strategies. However, it cannot accurately predict external factors such as the effect of Toyota's hiring patterns on the U.S. unemployment rate, which is determined by macroeconomic factors.

Which of the Following Is NOT an Example of Ways