Explain important question regarding managerial economics
Illustrates the important question regarding the managerial economics?
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The significant questions to be answered through the managerial economists consist of:
1. Is competition probably increase or decrease? 2. What are the population moves and their affect in purchasing power? 3. Will the price of raw materials raise or reduce? And many more... 4. Managerial economist can also assist the management in taking decisions about internal operation of the firm.
Explain about the term smoothing techniques.
Explain the term business cycle in brief.
A purely competitive firm which hires more workers while the value of the marginal product of labor increases above the competitively set wage rate will absolutely experience increases in its: (i) overhead costs. (ii) profit per unit.
Define naive method and its techniques briefly.
7. The San Diego Zoo is contemplating a stuffed panda bear advertising promotion. Annualized sales data from local shops marketing the "Can't Bear it When You're Away" bear indicate that: Q = 50,000 - 1,000P where Q is Panda bear sales and P is price. A. How many pandas could the zoo sell at $30
Illustrates the barometric pricing briefly?
Refer to below figure. Assume that the firm is currently producing Q2units. What occurs if this expands output to Q3units: w) Its profit raises by the size of the vertical distance df. x) this makes less profit. y) this incurs a loss. z) this wil
Define the term full cost concept.
When the substitution effect of a higher wage rate is more powerful than the income effect, in that case the: (1) supply curve of labor will be positively sloped. (2) demand for leisure increases as income rises. (3) human capital eff
Illustrates the economies of scale are categorization?
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