Techniques of economic forecasting
Illustrates the techniques of economic forecasting in briefly?
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Techniques of Economic Forecasting:
There are some methods or techniques of business and economic forecasting, significant methods may be briefly described as given below:
a. Naive Method:
b. Survey Techniques
c. Expert opinion method and
d. 4.Trend Projection method.
Illustrates the terms total cost, average cost and also marginal cost?
Cheating on agreements is a common problem along with firms which engage in the formation of: (1) predatory prices. (2) game theory groupings. (3) cartels. (4) pure competition. (5) asymmetric payoffs. Can someone explain/help me w
The concept of derived demand means that: (w) consumer demands for goods depend on the utilities received from their use. (x) firms’ demands for resources depend upon consumer demands for the goods produced. (y) governmental demands for social g
Where managerial economics treat as a tool? Answer: Managerial economics is like a tool for decision making and forward planning.
Explain the Economies of Scale.
Define the Econometric Methods.
The value of marginal product of a variable resource is marginal physical product of it multiplied with: (w) the marginal revenue from the sale of its addition to output. (x) its cost. (y) the price of the product. (z) one.
What are the significant causes of business cycle to give birth?
Who is the father of economics and what is wealth definition of economics?
The model of purely competitive resource markets describes how: (1) U.S. income distribution patterns are determined. (2) wages are determined in the United States. (3) resource prices would be determined in efficient markets. (4) competition leads to
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