Which of the following is NOT an example of ways in which microeconomic analysis can help Toyota Motor Corporation its in 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 Toyota in corporate decision making by analyzing factors like demand, production, pricing, and competition. However, forecasting the effect of Toyota's hiring patterns on the U.S. unemployment rate is not related to Toyota's corporate decision-making, but rather a macroeconomic analysis.

Which of the Following Is NOT an Example of Ways