Illustrates the responsibilities of managerial economists
Illustrates the responsibilities of managerial economists?
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The managerial economists have responsibilities as given below:
a. For bringing reasonable profit to the company. b. For making precise forecast. c. For establishing and maintaining contact along with individual and data sources. d. For keeping the management informed of all the probable economic trends. e. For preparing speeches for business executives. f. For participating into public debates g. For earning full status within the business team.
What are the different types of determinants of advertisement elasticity?
Illustrates the price and output decisions in Monopolistic Competition?
Firms may make use of low prices to enter a market and gain market share therefore is can learn the intricacies of a particular product line or business. It is an illustration of: (1) limit pricing. (2) accommodation. (3) learning-by-
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
A firm’s demand for labor tends to be additional wage-elastic while: (1) the price elasticity of demand for output is greater. (2) substituting capital for labor is harder. (3) unskilled workers join unions. (4) labor costs are
What is the meaning of managerial economics?
Define the consumer psychology and pricing and affecting elements.
Illustrates the environmental or external issues.
Illustrates the private cost of production?
For labor Plastibristle’s demand for labor is least wage elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d. Discover Q & A Leading Solution Library Avail More Than 1423005 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1942210 Asked 3,689 Active Tutors 1423005 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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