Advantages and Disadvantage of Naïve Method
What are the advantages and disadvantage of naive method?
Expert
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.
States the Extension and Contraction of Demand.
Why is wealth definition of economics criticized?
Illustrates the term Law of Demand? Answer: The law of Demand is termed as the “first law in market”. It shows the relation in between quantity and price
demand has three essentials-damand+purchasing power+.???
States the term Demand Estimation.
What is the meaning of managerial economics?
States the implicit cost concept briefly.
Define the difference between accounting and economic cost.
Wages tend to increase while labor demand: (w) and supply both decrease. (x) decreases and supply increases. (y) and supply both raise. (z) increases and supply decreases. Please choose the right answer from above.
Define the some criticized highlight points of Adam Smith?
18,76,764
1953248 Asked
3,689
Active Tutors
1427061
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!