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.
what are the criteria for good forecasting
American workers tend to be more productive than counterparts of their in South America or Asia into part since they have: (1) superior natural genetic endowments. (2) access to better sports programming, that promotes teamwork. (3) more capital to work with, and supe
A firm which provides its workers along with substantial general training tends to: (1) retain such individuals by paying them the relatively highest wage premiums. (2) require workers to sign legal contracts of peonage and indenture. (3) increase wor
Illustrations of economic capital would NOT contain: (i) an accountant's computer. (ii) 1,000 shares of stock within Google. (iii) a sixteen-pound sledgehammer. (iv) tires upon an eighteen-wheeler truck. (v) paper into the printer of a romance novelis
Explain the way of Price Elasticity of Demand.
Cheating on agreements is a common problem along with firms which engage in the formation of: (1) predatory prices. (2) game theory groupings. (3) cartels. (4) pure competition. (5) asymmetric payoffs. Can someone explain/help me w
Illustrates the elements of managerial economics as a tool for decision making?
Illustrates the area of decision making in Managerial / Business Economics?
What are the types of elasticity of demand?
What are the internal factors in governing prices?
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