Functions and responsibilities of managerial economist
States the functions and responsibilities of managerial economist?
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A managerial economist can play a significant role by assisting the management to respond the difficult problems of forward planning and decision making. Managerial economists should study external and internal factors affecting the business during taking the decisions.
The demand for labor would move downward like a consequence of: (w) grocery stores buying fewer automatic check-out touchpad computers, and in place of relying more heavily on cashiers to ensure friendly interactions along with customers. (x) declines
what are the criteria for good forecasting
Illustrates the real concept briefly?
For labor Plastibristle’s demand for labor is least wage elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d. Q : Define the pricing of a new product Define the pricing of a new product.
Define the pricing of a new product.
A firm's total profit can be computed as all of the given except w) total revenue minus total cost. x) average profit per unit times quantity sold. y) (price minus average total cost) multiply with times quantity sold. z) marginal profit times quantity sold.
All profit-maximizing firms will hire further labor up to the point where is the: (w) average physical product of labor equals the nominal wage. (x) last unit of labor adds equally to total revenue and total cost. (y) marginal product of labor is at i
Illustrates the term Demand Function?
Does managerial economics as a tool for decision making? Explain this term.
In what condition the concept of marginal costing basically applied?
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