--%>
Assignment Help - homework help

Explain important specific functions of material economics

Explain the important specific functions of material economics?

E

Expert

Verified

Given are the significant exact functions of managerial economist;

• Sales forecasting and market research.
• Production scheduling and economic analysis of competing industry.
• Investment appraisal and Security management analysis.
• Advise for foreign exchange management.
• Advice upon trade and also environmental forecasting.
• Economic analysis of agriculture Sales forecasting.

   Related Questions in Managerial Economics

  • Q : Describe the term Incremental Revenue

    Describe the term Incremental Revenue in details.

    		•
  • Q : Profit Maximization in Labor Market and

    As a firm is a pure competitor in both the labor market and during the sale of its product, this will hire labor where: (w) profit is maximized. (x) marginal revenue product = marginal resource cost. (y) wage = value of the marginal product. (z) All o

    		•
  • Q : Wealth definition of economics Who is

    Who is the father of economics and what is wealth definition of economics?

    		•
  • Q : Illustrates the Barometric technique of

    Illustrates the Barometric technique of Demand Forecasting?

    		•
  • Q : Demand demand has three

    demand has three essentials-damand+purchasing power+.???

    		•
  • Q : Illustrates the significance of

    Illustrates the significance of elasticity?

    		•
  • Q : Depletion of fossil fuel Resources I

    I have a problem in economics on Resources. Please help me in the following question. The depletion of the fossil fuel reserves will cause the world’s production possibilities frontier to shift: (i) Outward and decrease capacity

    		•
  • Q : Value of the marginal product of labor

    Profit-maximizing firms which operate in competitive resource and output markets adjust labor inputs till the wage rate equals the: (1) average revenue from output. (2) output price equals average variable cost. (3) marginal utility o

    		•
  • Q : Determine the demand when Demand and

    Suppose that the auto market started at the intersection of D0S0, and in that case automakers opened foreign assembly plants after discovering which competent foreign employees worked for minor wages. How would it influence the auto market?: (

    		•
  • Q : Labor Supply Curves to Competitive Firms

    A price taker within the labor market: (w) can set the wage that this will pay for the labor this hires. (x) can set the wage at which this will supply the use of its labor. (y) doesn’t care what wage this pays or receives. (z) can’t influ

    		•