What are the scopes of managerial economics
What are the scopes of managerial economics?
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Managerial economics provide solution to the problems of non profit organizations like schools, hospital etc. The extents of managerial economics cover mainly two areas of decision making:
(a) Operational or internal issues. (b) Environmental or external issues.
Categories the cost concept of business operation and decision making?
Along two supply curves which are straight lines by the origin, the price elasticity of supply as: (w) is below 1 for all prices and quantities upon both curves. (x) is less for a given quantity beside the steeper curve. (y) equals on
Explain the different types of income elasticity of demand.
An individual’s labor supply curve is negatively sloped that is backward-bending into a range of wages while the: (i) demand for goods exceeds the demand for leisure. (ii) worker offers more hours of labor while the wage rate in
Write down the features of Marginal costing?
For labor Plastibristle’s demand for labor is least wage elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d. Q : States the term Shift in Demand States States the term Shift in Demand?
States the term Shift in Demand?
Explain about the control of business cycle.
Explain the modern definition of economics?
For most kinds of labor, the most accurate ranking of labor supplies through most elastic to least elastic is most likely: (1) firm, small industry, occupation. (2) economy, individual, occupation. (3) firm, economy, occupation. (4) individual worker,
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