Different between Expert opinion and Trend Projection method
Illustrates the different between expert opinion method and trend projection method?
Expert
Expert opinion method:
This is a qualitative technique. In this method an expert or informed individual utilizes personal or organizational experience like a basis for developing future expectations.
Trend Projection method:
In this method historical data is used to predict upcoming business activity. Now actual data are presented on a graph paper and forecasts for the future are prepared upon the basis of analysis of trend of such data.
If the wage rate increases from $10 per hour to $25 per hour, then the elasticity of the supply of labor from this worker is roughly: (1) zero. (2) 7/15. (3) one. (4) minus 8/15. Q : Explain the term relatively inelastic Explain the term relatively inelastic demand.
Explain the term relatively inelastic demand.
Screening and signaling are attempts to: (w) decreases job interview time. (x) decrease the problem of adverse selection. (y) uphold equal opportunity laws. (z) All of the above. I need a good answer on the topic o
Define the inelastic demand.
The costs of investing within human capital are probably to be borne by the employee when human capital a worker obtains “on the job” is: (1) general. (2) marginal. (3) precise. (4) generic. (5) specific. Q : Supply of Labor The firm in this The firm in this illustrated graph is clearly: (1) price taker in the sale of its output because of the shapes of the VMP and MRP curves. (2) price taker in the purchase of labor when this can hire as several workers as this chooses at roughly of $13 per hour. (3) mon
The firm in this illustrated graph is clearly: (1) price taker in the sale of its output because of the shapes of the VMP and MRP curves. (2) price taker in the purchase of labor when this can hire as several workers as this chooses at roughly of $13 per hour. (3) mon
How is the Demand forecasting important?
Government policy is probably to help raise the total supply of human capital within the long run through: (w) increased public education and retraining programs. (x) minimum wage legislation. (y) laws prohibiting discrimination in employment. (z) str
What did professor Hidbon illustrates about Demand?
Illustrates the managerial Economics according to Savage and John?
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