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determine the uses of managerial economics managerial economics studies the application of the principles methods and techniques of economics to
managerial economics according to mote and paulmanagerial economics refers to those aspects of economics and its tools of analysis most relevant to
explain the importance of managerial economicsmanagerial economics bridges the gap among theoria and pracis the tenets of managerial economics have
state the meaning of managerial economicsmanagerial economics used synonymously with business economics is a study of economics that deals with the
explain about the pricing analysismicroeconomic methods are employed to examine lots of pricing decisions this includes transfer pricing price
what is risk and production analysis risk analysis various models are used to quantify risk and asymmetric information and to employ them in
what are the methods of managerial economics the process of managerial economics deals with aspects of economics and tools of analysis which are
ia farmer businessman is in a quandary as to what crop to plant in his land he has the option to plant crop a crop b or crop c f the weather turns
define the term understanding oligopolyunderstanding oligopolyone possibility when the two companies will engage into collusion sellers engage into
what is oligopolyoligopoly is a general market structure this arises from similar forces that lead to monopoly except within weaker form this is an
what are terms included in oligopolyoligopoly includesbull the meaning of oligopoly and why it arisesbull collusionbull game theory particularly the
what is the difference between monopoly and perfect competitionmonopoly versus perfect competition1 perfect competition is equal to monopoly
why do monopolies existmonopolists have market power and as a consequence will charges higher prices and generate less output than a competitive
what are the essential points to determine in monopolypoints essential to determine in monopolya the importance of monopoly where a particular
explain important terms of marginal productivity and wage inequality marginal productivity and wage inequalitya market power bull compensating
explain about the equilibrium in the labor marketequilibrium into the labor marketall of firm will hire labor up to the point at that the value of
what are the tools of factor markets and the distribution of incometools of factor markets and the distribution of incomea factor distribution of
what are the conclusions about the cost of production and efficiency in the long-run equilibrium of a perfectly competitive industrythree conclusions
when is production profitable according to price-taking firm at profit break-even or lossproduction profitable at profit break-even or lossa when tr
what is optimal output ruleoptimal output ruleaccording to the optimal output rule describe that profit is maximized through producing the quantity
what are the essential conditions for perfect completion two essential conditions for perfect competition are as given belowa various producers none
explain about the terms in perfect competitionperfect competitiona a price-taking producer is a maker whose actions have no consequence onto the
what are the significant tools of the perfect competition and the supply curveperfect competition and the supply curvea in perfect competition the
illustrate the concept of present valuethe concept of present valuewhile someone borrows money for a year there the interest rate is the price
explain about the marginal analysisthe optimal quantity of an activity is the level which produces the maximum probable total net gainthe principle