Explain about input output table method
Explain about input output table method.
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It is other approach of economic forecasting. It enables the forecaster to trace the results of increases in demand for one product to another industry. An increase in the demand for automobiles will initially lead to an increase in the output of the auto industry. It, in turn, will lead to a raise in the demand for glass, steel, plastics, upholstery and rubber fabric. Additionally, secondary impact will arise as the increase in the demand for upholstery fabric.
Explain the Opinion Survey method of Demand Forecasting.
Workers tend to be less productive at the margin like they work along with increasingly huge amounts of: (w) physical capital. (x) personal human capital. (y) technology which makes them narrow specialists. (z) labor from other people on an assembly line.
If this firm maximizes profit, this will be producing under circumstances of: (1) increasing returns to labor. (2) economies of scale. (3) diminishing returns to labor. (4) constant returns to labor. (5) adverse selection and moral hazard. Q : Phases of business cycle explain the explain the different phases of business cycle
explain the different phases of business cycle
Explain the Consumer Interview Survey method of Demand Forecasting.
Define the term opportunity cost concept.
A labor market operates inefficiently when labor is hired only up to a point where, that the last worker: (1) VMP = w. (2) VMP minus MRC exceeds zero and is maximized. (3) P x MPPL = w. (4) added total revenue equals added total cost. Q : Relation between Average Revenue Illustrates the relation between Average Revenue, Total Revenue and Marginal Revenue?
Illustrates the relation between Average Revenue, Total Revenue and Marginal Revenue?
Illustrates the Objectives of managerial economics?
For labor Plastibristle’s demand for labor is least wage elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d. Discover Q & A Leading Solution Library Avail More Than 1457657 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1933972 Asked 3,689 Active Tutors 1457657 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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