Difference between economics and managerial Economic
What is the difference between economics and managerial Economic?
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Economics Vs Managerial economics.
1. Economics is dealing with both micro and macro aspects whereas managerial economics is dealing only with micro aspects. 2. Economics is both positive and normative science whereas managerial economics is only a normative science. 3. Economics is dealing with theoretical aspects whereas managerial economics is dealing with practical aspects. 4. Economics is study of both the firm and individual whereas managerial economics Studies the problems of firm only. 5. Economics wide scope whereas managerial economics have narrow scope.
A firm which provides its workers along with substantial exact training tends to: (i) pay such individuals premium wages to try to make sure retaining these workers. (ii) require workers to sign legal contracts of peonage and indenture. (iii) increase
If the wage rate increases from $25 per hour to $40 per hour, in that case the elasticity of the supply of labor from this worker is roughly: (i) zero. (ii) 7/15. (iii) 13/15. (iv) one. (v) minus 13/15. Q : Illustrates the case of customary Illustrates the case of customary pricing with details?
Illustrates the case of customary pricing with details?
Illustrates the factors governing prices and pricing decision in briefly?
Gilligan is hiring new workers to help run his Island Getaway resort. Gilligan makes a decision that he will not hire a new worker unless they have been properly trained and certified into wilderness survival and have a license by the government to operate watercraft.
Illustrates the private cost of production?
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 : Illustration of specific training The The knowledge gained while an Apple employee learns a specialized technique on an iPod assembly line is an illustration of: (w) comparative technological advantage. (x) specific training. (y) on-the-job leveraging. (z) general training. Q : Explain the meaning of business cost Explain the meaning of business cost.
The knowledge gained while an Apple employee learns a specialized technique on an iPod assembly line is an illustration of: (w) comparative technological advantage. (x) specific training. (y) on-the-job leveraging. (z) general training. Q : Explain the meaning of business cost Explain the meaning of business cost.
Explain the meaning of business cost.
Landscaping a garbage dump along with topsoil, grass and trees to construct a golf course is an illustration of creating new: (i) capital. (ii) land. (iii) employment. (iv) economic profits. (v) natural resources. Please guys help
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