Difference between economics and managerial Economic
What is the difference between economics and managerial Economic?
Expert
Economics Vs Managerial economics.
1. Economics is dealing with both micro and macro aspects whereas managerial economics is dealing only with micro aspects. 2. Economics is both positive and normative science whereas managerial economics is only a normative science. 3. Economics is dealing with theoretical aspects whereas managerial economics is dealing with practical aspects. 4. Economics is study of both the firm and individual whereas managerial economics Studies the problems of firm only. 5. Economics wide scope whereas managerial economics have narrow scope.
Labor’s physical productivity based most directly on technology and the: (w) tastes and preferences of consumers. (x) transactions demand for money. (y) prices and availability of the other resources. (z) level of per capita income.
When a cartel member can persuade competitors to keep the cartel price but secretly give a discount price to certain customers, profits will rise: (w) for all members of the cartel. (x) since price cuts are only given to assigned customers. (y) as a result of an incre
Assume that male nurses are paid more than female nurses for same work. When an “equal pay for equal work” law is enforced and enacted, it may: (w) decrease the wages of male nurses. (x) not influence the wages of female nurses. (y) increa
Define the consumer psychology and pricing and affecting elements.
States the Delphi Survey method of Demand Forecasting?
What are the Methods of Demand Forecasting?
Illustrates the Demand function of a commodity?
What are the reasons for adopting penetration price strategy?
An assumption regarding purely competitive labor markets to make sure market clearing is which: (w) firms maximize profit. (x) individuals and households maximize utility. (y) wages and prices are flexible. (z) trade unions engage in collective bargai
Write down the limitations of Marginal Costing?
18,76,764
1950879 Asked
3,689
Active Tutors
1444993
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!