Causes of Business Cycle
Illustrates the causes of business cycle?
Expert
Causes of Business Cycle:
Two kinds of components or forces bring regarding business cycle. They are external and internal. Internal forces are components within the extremely sphere of business activity itself and comprise such things like production, demand, income, interest rates, credit and inventories as well. External forces are components outside the normal scope of business activity and comprise population as wars, growth and fundamental changes in the nation’s currency as well as national economic policies. With floods, droughts and another catastrophe which have effect upon business activity.
Explain the cost concepts briefly.
States the Demand Forecasting in terms of production?
Illustrates the different kinds of Demand?
What are the responsibilities of managerial economists?
If a perfectly competitive firm determines that its market price is below its minimum average variable cost, this will sell: w) the output where marginal revenue equivalents marginal cost. x) any positive output the entrepreneur decid
Define the areas of Scope of Managerial /Business Economics?
The demand for a resource would increase while the: (w) price of which resource decreases. (x) price of a substitute resource decreases. (y) consumer demand for products decreases. (z) price of a complementary resource decreases.
Illustrates the Regression and Correlation statistical method of Demand Forecasting?
All else identical, a competitive firm will demand more labor when: (w) technological advances lead to automation. (x) the price of the firm’s output rises. (y) more firms enter the industry. (z) competing firms offer their workers more training
When labor was free, in that case this purely competitive firm as in illustrated graph would hire. (1) 600 workers. (2) 700 workers. (3) 800 workers. (4) 900 workers. (5) 1000 workers. Discover Q & A Leading Solution Library Avail More Than 1430871 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1946328 Asked 3,689 Active Tutors 1430871 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1946328 Asked
3,689
Active Tutors
1430871
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!