Advantages and Disadvantage of Naïve Method
What are the advantages and disadvantage of naive method?
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Advantages of Naïve Method:
a) This is easy method.
b) This is less expensive
c) This is appropriate small firms
Disadvantage of Naïve Method:
a) This is not a scientific method. And
b) This is not all the time reliable.
What are the responsibilities of managerial economists?
Define the Revenue Concept in brief.
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Illustrates the factors changes in demand?
Short run total revenue of the purely competitive firm would be at a maximum along with: (1) 600 workers. (2) 700 workers. (3) 800 workers. (4) 900 workers (5) 1000 workers. Q : Illustrates the meaning of Demand Illustrates the meaning of Demand?
Illustrates the meaning of Demand?
Illustrates the responsibilities of managerial economists?
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What is pricing strategies?
A supply of specialized labor tends to shrink while: (1) the social status of that field rises. (2) an increase in income expectations happens. (3) employment stability increases and training costs decrease. (4) wages rise into a field using similar s
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