Functions and Responsibilities of managerial economist
What are the Functions and Responsibilities of managerial economist?
Expert
i. Sales forecasting. ii. Market research. iii. Production scheduling iv. Economic analysis of competing industry. v. Investment appraisal. vi. Security management analysis. vii. Advise on foreign exchange management. viii. Advice on trade. ix. Environmental forecasting. x. Economic analysis of agriculture Sales forecasting.
Derived demand refers to: (w) consumer demand for products, based on expected utility. (x) government demand for social goods, based upon tax revenue. (y) business demand for resources, based upon consumer demand for products. (z) supplier demand for
Illustrates the term long run production function?
The words “marginal factor costs” or “marginal resource costs” taken as to the: (w) extra cost involved in producing an additional resource. (x) extra cost involved while producing an additional unit of a resou
States the term fixed cost in briefly.
Illustrates the elements of managerial economics as a tool for decision making?
Explain the infinitely elastic demand.
Illustrates the different between expert opinion method and trend projection method?
Within a purely competitive labor market, there the firm: (w) sets the wage that the household should accept. (x) should accept the wage demanded by the household. (y) and household arrive at the wage by bargaining. (z) and household should take the e
State the laws of production.
answer written below is correct for the question detail exception of demand curve ?
18,76,764
1950911 Asked
3,689
Active Tutors
1457403
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!