Explain important specific functions of material economics
Explain the important specific functions of material economics?
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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.
States the Demand Forecasting in terms of production?
Explain the meaning of total, average, marginal and incremental revenue.
When total variable cost exceeds total revenue whatever output levels but a perfectly competitive firm: w) must produce in the short run. x) is making short-run profits. y) must shut down in the short run. z) has shel
Explain the meaning of price.
While an economic change creates one person worse off without influencing anyone else, this is: (w) good for society. (x) an inefficient change. (y) neither bad nor good for society. (z) strictly a macroeconomic issue. Q : Illustrates the Demand function of a Illustrates the Demand function of a commodity?
Illustrates the Demand function of a commodity?
Nick responds “help wanted” that ads by making phone calls and scheduling interviews. If a prospective employer asks for a resume and queries Nick regarding his references and skills, in that case the firms are practicing an illustration of: (i) signaling.
Production takes place while: (w) resources are transformed within inputs. (x) goods are transformed in raw materials. (y) inputs are transformed to create them more valuable. (z) capital depreciates. Please choose
What is Scarcity Definition of economics?
Illustrates the important question regarding the managerial economics?
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