Explain Economics verse Managerial economics
Explain Economics verse Managerial economics.
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Difference between Economics and Managerial Economics:
Economics:
1. Dealing micro and macro both aspect2. Positive and normative both science.3. Deals along with theoretical aspects 4. Study the firm and individual both. 5. Extensive scope
Managerial Economics:
1. Dealing simply micro aspects 2. Simply a normative science. 3. Deals along with practical aspects. 4. Study the problems of firm just. And 5. Narrow scope.
What are the different types of determinants of advertisement elasticity?
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 : Higher Legal Minimum Wage Laws Enactment through the U.S. Congress of an extensively higher legal minimum wage would be probably to benefit: (i) American college professors. (ii) high-school dropouts in their teens. (iii) relatively unskilled foreign workers whose production is exp
Enactment through the U.S. Congress of an extensively higher legal minimum wage would be probably to benefit: (i) American college professors. (ii) high-school dropouts in their teens. (iii) relatively unskilled foreign workers whose production is exp
This supply of labor worker is roughly unitarily wage elastic as the wage rate increases from: (1) $5 per hour to $10 per hour. (2) $5 per hour to $25 per hour. (3) $10 per hour to $25 per hour. (4) $10 per hour to $40 per hour. (5) $25.01 per hour to
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Investment in human capital is not essentially involved while: (w) people acquire and sharpen new productive skills. (x) a person attends college and learns engineering. (y) a person jogs to stay in shape. (z) the marginal productivity of labor increa
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