States the term Demand Analysis
States the term Demand Analysis?
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Demand analysis implies an attempt to find out the factors influencing the demand of a commodity or service and to measure those factors and influences. The demand analysis has the study of law of demand, demand curve, demand schedule and demand forecasting.
what are the criteria for good forecasting
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As the labor market within a purely competitive economy is into equilibrium: (1) the marginal benefits by unemployment exceed unemployment compensation. (2) the marginal benefits and marginal costs from employment are equal. (3) econo
Main determinants of wage differentials comprise: (1) general human capital requirements. (2) working conditions. (3) occupational crowding (4) specific human capital requirements. (5) All of the above. I need a go
Refer to below figure. Assume that the firm is currently producing Q2units. What occurs if this expands output to Q3units: w) Its profit raises by the size of the vertical distance df. x) this makes less profit. y) this incurs a loss. z) this wil
The demand for labor is less elastic when: (w) resource substitution is easy. (x) output demand is relatively inelastic. (y) wages are a huge percentage of total cost. (z) firms have more time to adjust to wage changes. Q : Explain the target pricing briefly Explain the target pricing briefly.
Explain the target pricing briefly.
As a firm is a pure competitor in both the labor market and during the sale of its product, this will hire labor where: (w) profit is maximized. (x) marginal revenue product = marginal resource cost. (y) wage = value of the marginal product. (z) All o
French toast and pancakes and both are close substitutes. Assume that good weather yields a bumper crop of pancakes and decreases the price of pancakes. Into the market for French toast: (1) equilibrium price and quantity both increase.(2) competition increases the su
Cheating on agreements is a common problem along with firms which engage in the formation of: (1) predatory prices. (2) game theory groupings. (3) cartels. (4) pure competition. (5) asymmetric payoffs. Can someone explain/help me w
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