States the Demand Forecasting in terms of production
States the Demand Forecasting in terms of production?
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Accurate demand forecasting is necessary for a firm to enable this to produce the needed quantities at the right time and to arrange well within advance for the different factors of production. Forecasting assists the firm to assess the probable demand for its products and plan its production consequently.
Explain the meaning of business cost.
When all firms in an industry charge similar price for their product, it: (w) proves the existence of a cartel. (x) proves the existence of price leadership. (y) indicates an oligopoly. (z) may be consistent along with either pure competition or oligo
Explain about the term smoothing techniques.
The supply curve of labor which confronts a large but purely competitive industry is usually: (1) horizontal. (2) positively sloped. (3) backward bending. (4) vertical. (5) negatively sloped. Can a
States the term Demand Estimation.
As per shown in this graph, the average high school graduate will earn around: (1) $12,000 yearly. (2) $20,000 yearly. (3) $45,000 yearly. (4) $90,000 yearly. (5) $100,000 yearly. Q : Least wage elastic demand for labor For 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 : Illustrates the Objectives of Illustrates the Objectives of managerial economics?
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 : Illustrates the Objectives of Illustrates the Objectives of managerial economics?
Illustrates the Objectives of managerial economics?
When the substitution effect of a higher wage rate is more powerful than the income effect, in that case the: (1) supply curve of labor will be positively sloped. (2) demand for leisure increases as income rises. (3) human capital eff
Illustrates the economies of scale are categorization?
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