Illustrates the barometric pricing briefly
Illustrates the barometric pricing briefly?
Expert
Barometric pricing:
It is the method of leadership pricing. Under this type of price leadership, there is no leader firm. However, one firm among the oligopolistic firms announces a price change first. It is followed by other firms within the industry. The barometric price leaders require not be a dominant firm along with the lowest cost or still the largest firm in the industry although they respond to changes in business environments rapidly. On the origin of a formal or informal tacit agreement that the firms in the industry accept a firm like price leader who may function firstly upon the environmental or market changes.
A government-supported literacy program provided from a firm which primarily employs unskilled labor is an illustration of an investment in: (1) human capital depreciation. (2) business paternalism. (3) specific training. (4) laissez-faire economics.
Derived demand curves for labor slope downwards since: (w) additional workers are usually less skilled and thus deserve lower wages. (x) when another resource is fixed, hiring more workers ultimately reduces output per hour worked. (y) higher wages us
What are the types of price discrimination?
What is Spencer and Siegleman’s definition of Managerial economics?
Illustrates the managerial Economics according to Spencer and Siegleman?
Explain the Consumer Interview Survey method of Demand Forecasting.
Illustrates the relatively elastic demand?
Workers tend to be less productive at the margin like they work along with increasingly huge amounts of: (w) physical capital. (x) personal human capital. (y) technology which makes them narrow specialists. (z) labor from other people on an assembly line.
Illustrates the factors changes in demand?
Illustrates the demand schedules important for law of demand? Answer: The perception of law of demand may be explained along with the demand schedules are as follow:
18,76,764
1922951 Asked
3,689
Active Tutors
1433583
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!