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.
What is the Evan J Douglas’s definition of Managerial economics?
Define the some criticized highlight points of Adam Smith?
Attempts to decrease shirking by paying workers more than they could earn within their next best potential jobs involves: (1) screening. (2) corporate acculturation. (3) efficiency wages. (4) signaling. (5) collective bargaining. H
The concept that employers artificially utilize formal training and education while screening job applicants to make hiring decisions is termed as: (w) nepotism. (x) formalism. (y) human capital discrimination. (z) credentialism. Q : Profit Maximization with Marginal All profit-maximizing firms will hire further labor up to the point where is the: (w) average physical product of labor equals the nominal wage. (x) last unit of labor adds equally to total revenue and total cost. (y) marginal product of labor is at i
All profit-maximizing firms will hire further labor up to the point where is the: (w) average physical product of labor equals the nominal wage. (x) last unit of labor adds equally to total revenue and total cost. (y) marginal product of labor is at i
A firm is probably to reduce the number of workers this employs when there are: (i) reductions in the wage rate. (ii) increases in the price of the output. (iii) accumulations of specific training from workers. (iv) technological advances which encourage automation. (
Does managerial economics as a tool for decision making? Explain this term.
Illustrates the characteristics of Oligopoly?
What is Oligopoly? Explain in brief.
Workers tend to be less productive at the margin like they work along with increasingly huge amounts of: (w) physical capital. (x) personal human capital. (y) technology which makes them narrow specialists. (z) labor from other people on an assembly line.
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