Advantages and Disadvantage of Naïve Method
What are the advantages and disadvantage of naive method?
Expert
Advantages of Naïve Method:
a) This is easy method.
b) This is less expensive
c) This is appropriate small firms
Disadvantage of Naïve Method:
a) This is not a scientific method. And
b) This is not all the time reliable.
I HAVE A PROBLEM ANSWERING A QUESTION:'REVIEW THE ECONOMIC THEORIES OF ECONOMICS'
At any price of, the demand for a resource is fewer elastic the: (w) easier this is to substitute other resources for this. (x) harder this is to substitute other resources for this. (y) more elastic the demand for the output this produces. (z) greate
Does managerial economics as a tool for decision making? Explain this term.
Higher rates of unemployment in between nurses, clerical workers and teachers are a likely consequence when a government policy is adopted based on the doctrine of: (1) comparable worth. (2) equal marginal productivity per dollar. (3) equal pay for eq
I have a problem in economics on Diminishing Returns and Increasing Costs. Please help me in the following question. The concave (or bowed out) production possibilities frontier means that the opportunity costs are: (i) Constant (ii) Increasing (iii)
Illustrates the factors governing prices and pricing decision in briefly?
Explain the welfare definition of economics? Why is it criticized?
I am uploading another project. Please provide cost and estimated delivery day. Thanks.
Illustrates the criteria for good forecasting method?
The graph for the supply of labor might be backward bending since: (w) the substitution effect surpasses the income effect at specific wages. (x) overtime workers receive pay for time and a half. (y) the substitution effect. (z) the income effect is m
18,76,764
1948588 Asked
3,689
Active Tutors
1423285
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!