--%>

Illustrates the responsibilities of managerial economists

Illustrates the responsibilities of managerial economists?

E

Expert

Verified

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.

   Related Questions in Managerial Economics

  • Q : Causes of Business Cycle Illustrates

    Illustrates the causes of business cycle?

  • Q : Define naive method and its techniques

    Define naive method and its techniques briefly.

  • Q : Managerial Economics according to

    Illustrates the managerial Economics according to Spencer and Siegleman?

  • Q : States the Wealth Definition in

    States the Wealth Definition in economics?

  • Q : Problem regarding the Diminishing

    Assume that you require studying six hours per week to earn a ‘C’, nine hrs a week to earn a ‘B’, and 15 hrs per week to earn an ‘A’. This would mean: (i) Raising returns to hrs studied. (ii) Diminishing returns to hrs studied. (iii

  • Q : Explain the term average fixed cost

    Explain the term average fixed cost.

  • Q : Purely competitive labor market in

    When this purely competitive labor market is firstly in equilibrium at D0L , S0L , an increase into labor force participation rates will result within equilibrium being attained at: (w) D0L , S0L . (x) D

  • Q : Demand for labor in competitive firm

    Demand for labor of this purely competitive firm in given figure corresponds to: (1) line segment ab. (2) line segment bd. (3) line segment be (4) line segment df. (5) line segment dg.

    Q : Perfectly supply of labor in

    The supply of labor within a perfectly competitive market is: (w) an upward sloping curve. (x) a horizontal line. (y) above the MRC. (z) below the MRC. Can someone explain/help me with best solutio

  • Q : Which progress illustration was Pilgrims

    Agricultural productivity within Massachusetts Bay Colony increased while Native Americans showed Pilgrims how crops grow faster and better when rotten fish are dropped in along with newly-planted seeds. This new knowledge for the Pilgrims was an illustration of: (1)