Explain Economics verse Managerial economics
Explain Economics verse Managerial economics.
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Difference between Economics and Managerial Economics:
Economics:
1. Dealing micro and macro both aspect2. Positive and normative both science.3. Deals along with theoretical aspects 4. Study the firm and individual both. 5. Extensive scope
Managerial Economics:
1. Dealing simply micro aspects 2. Simply a normative science. 3. Deals along with practical aspects. 4. Study the problems of firm just. And 5. Narrow scope.
Illustrates the types of revenue?
Illustrates the pricing policy and practices?
Does managerial economic as a tool for Forward Planning? Explain this term briefly.
Explain the welfare definition of economics? Why is it criticized?
The income effect of a small change within the wage rate for that worker most strongly exceeds the substitution effect at a wage rate of: (1) $5 per hour. (2) $10 per hour. (3) $10 per hour to $25 per hour. (4) $25 pe
The demand curve for labor can be demonstrated as a negative relationship between: (w) the quantity of labor demanded and the wage rate. (x) labor productivity and the quantity of labor used. (y) employment and output. (z) wages and GDP.
What are the characteristics of a business cycle?
What are the Methods of Demand Forecasting?
By the following choices in this illustrated graph, this worker would be happiest at point: (w) point a. (x) point b. (y) point c. (z) point d. Q : What are the main features of What are the main features of managerial economics?
What are the main features of managerial economics?
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