Functions and Responsibilities of managerial economist
What are the Functions and Responsibilities of managerial economist?
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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.
State the laws of production.
Illustrates the term Demand 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
Explain the reasons for demand curve slopes downward.
What are the certain assumptions in production functions?
Explain short term Demand forecasting.
Illustrates the environmental or external issues.
THE PRICE OF OIL IS $30 PER BARREL AND THE PRICE ELASTICITY IS CONSTANT AND EQUAL TO -0.5.AN OIL EMBARBGO REDUCES THE QUANTITY AVAILABLE BY 20 PERCENT.USE THE ARC ELASTICITY FORMULA TO CALCULATE THE PERCENTAGE INCREASE IN THE PRICE OF OIL
An investment in human capital is most obviously illustrated while: (1) Biff Biceps lifts weights before going to the beach to surf. (2) Cary Coffee drinks four cups of latte before going to work. (3) Pollyanna reads Harlequin Romance novels within he
Provide a brief introduction of the term Marginal Costing? And also write down the essential suppositions made by Marginal Costing?
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