Real business practices and traditional economic theory
Illustrates the ways in managerial economics bridges between real business practices and traditional economic theory?
Expert
Managerial economics reduces the gap in between traditional economic theory and real business practices by two methods. Initially, it gives number of tools and techniques to enable the manager to become additionally competent to take decisions in real and practical circumstances. Secondly, this serves as an integrating course to demonstrate the interaction between different areas wherein the firm operates.
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General training occurs while a: (w) secretary learns a new office procedure. (x) handyman learns to drive a semi-truck. (y) messenger learns the company’s in-house mail route. (z) navy recruit learns how to repair a guided missile.
This worker’s weekly income in this demonstrated figure would be the highest at: (w) point a. (x) point b. (y) point c. (z) point d. How can I solve my Economics problem? Please suggest me the correct answer.
Illustrates the Expert Opinion method of Demand Forecasting?
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I HAVE A PROBLEM ANSWERING A QUESTION:'REVIEW THE ECONOMIC THEORIES OF ECONOMICS'
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