Environmental or external issues of managerial economics
What are the Environmental or external issues of managerial economics?
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It refers to the general business environment in which the organisation works. A study of economic environment should include: i. The types of economic system in the country. ii. The general trend in income, prices, production, employment, savings and investments iii. Trends in the working of financial institutions for example banks, financial corporations and insurance companies. iv. Magnitude and trends in foreign trade. v. Trends in labour and capital market. vi. Government economic policies like monitory policy, price policy and fiscal policy.
Provide a brief introduction of the term Margin of Safety?
Illustrates the term Advertisement Elasticity of Demand?
Illustrations of economic capital would NOT contain: (i) an accountant's computer. (ii) 1,000 shares of stock within Google. (iii) a sixteen-pound sledgehammer. (iv) tires upon an eighteen-wheeler truck. (v) paper into the printer of a romance novelis
The rental value of a high quality piece of agricultural land timely era is: (w) negatively associated to the price of agricultural output this could produce. (x) unrelated to the costs of its cultivation. (y) equal to the saving of production costs a
If the owner of a resource is paid in excess of the minimum needed to supply specified amounts of the resource, in that case the owner is the beneficiary of: (1) economic rents. (2) wage premiums. (3) excess profits. (4) surplus values. (5) capitaliza
When this purely competitive labor market is firstly into equilibrium at D0L, S0L, raise in labor productivity will result within equilibrium being attained at: (w) D0L, S0L. (x) D1L, S0L
Explain about the term survey techniques.
What are the features of phases of business cycle?
Does managerial economic as a tool for Forward Planning? Explain this term briefly.
States the Delphi Survey method of Demand Forecasting?
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