State Extrapolation statistical Method of Demand Forecasting
States the Extrapolation statistical Method of Demand Forecasting?
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Extrapolation: During this method the future demand can be extrapolated through applying binomial expansion method. It is based on the assumption which the rate of change in demand into the past has been uniform.
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Illustrates the steps in formulating pricing policies in details?
The entire given can be used to calculate average profit except: w) marginal profit minus marginal cost. x) total profit divided by quantity. y) average revenue minus average total cost. z) price minus average total cost.
Explain about input output table method.
This supply of labor of worker is perfectly inelastic at point: (w) point a. (x) point b. (y) point c. (z) point d. Q : Forecasting demand what are the what are the criteria for good forecasting
what are the criteria for good forecasting
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Illustrates the Law of Returns to scale?
Refer to figure as sketched below. Why is the total revenue curve a ray from the origin: w) since revenue increases at an increasing rate. x) since revenue increases at a decreasing rate. y) since the firm can sell its product at a constant price. z) since the firm sh
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