Environmental or external issues of managerial economics
What are the Environmental or external issues of managerial economics?
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It refers to the general business environment in which the organisation works. A study of economic environment should include: i. The types of economic system in the country. ii. The general trend in income, prices, production, employment, savings and investments iii. Trends in the working of financial institutions for example banks, financial corporations and insurance companies. iv. Magnitude and trends in foreign trade. v. Trends in labour and capital market. vi. Government economic policies like monitory policy, price policy and fiscal policy.
Define the term unitary elastic.
Illustrates the responsibilities of managerial economists?
Screening and signaling are attempts to: (w) decreases job interview time. (x) decrease the problem of adverse selection. (y) uphold equal opportunity laws. (z) All of the above. I need a good answer on the topic o
Illustrates the Demand function of a commodity?
An increase within the demand for Swiss cheese will absolutely raise the equilibrium as: (w) price when the supply of Swiss cheese shrinks over the same period. (x) quantity when the supply of cheese shrinks during the same peri
The words “marginal factor costs” or “marginal resource costs” taken as to the: (w) extra cost involved in producing an additional resource. (x) extra cost involved while producing an additional unit of a resou
What did professor Hidbon illustrates about Demand?
What are the Methods of Demand Forecasting?
Describe the Long term Demand Forecasting.
Illustrates the role of cost in pricing?
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