Meaning of managerial economics
What is the meaning of managerial economics?
Expert
Managerial economics bridges the gap between old economic theories and real business practices in two ways:
i) It provides tools and techniques to enable the manager to become more capable to take decisions in real and practical situation. ii) It serves as an integrating course to demonstrate the interaction between ranges of areas in which the firm operates.
Illustrates the opinion of Stonier and Hague for explaining Demand in economics?
What are the advantages and disadvantage of naive method?
In an entirely employed food-and-clothing economy, continual equivalent reductions in food output generally will make it: (1) Essential to decrease clothing output uniformly. (2) Probable to generate successively bigger increases in clothing output. (
Explain the external economies of scale.
what are the criteria for good forecasting
Illustrates the Law of Returns to scale?
From the fact which the average wages of women into the United States is lower than the average wages of men, we can estimate that women are: (1) discriminated against in hiring and pay. (2) less qualified workers than men. (3) less interested into wa
When family incomes within the United States raised sharply and therefore, sales of cashmere sweaters improved enormously, in that case cashmere sweaters are: (1) luxury goods. (2) preferred to wool or cotton sweaters. (3) inferior goods. (4) prestige goods. (5) norma
For a firm hiring through a purely competitive labor market, in that case the supply of labor is: (w) greater than the MRC. (x) less than the MRC. (y) the same as the MRC. (z) vertical to parallel the wage rate. Q : What is Constant Returns to scale What What is Constant Returns to scale?
What is Constant Returns to scale?
18,76,764
1921815 Asked
3,689
Active Tutors
1429545
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!