Explain important question regarding managerial economics
Illustrates the important question regarding the managerial economics?
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The significant questions to be answered through the managerial economists consist of:
1. Is competition probably increase or decrease? 2. What are the population moves and their affect in purchasing power? 3. Will the price of raw materials raise or reduce? And many more... 4. Managerial economist can also assist the management in taking decisions about internal operation of the firm.
What is social cost of production?
Categories the cost concept of business operation and decision making?
Assume that you view a degree as a ticket to a high-paying job along with prospects of quick promotion, and that accumulating human capital by learning and studying valuable material is largely not relevant. Your perception is which a college degree f
Illustrates the term variable cost?
Help to achive the other objectives of the firm like industry leadership,expansion implementation of policies
States the Delphi Survey method of Demand Forecasting?
When the wage rate paid for labor raises, in that case the: (1) supply of labor increases (2) opportunity cost of leisure rises. (3) workers always supply more labor. (4) level of national income increases. (5) opportunity cost of leisure falls.
what are the criteria for good forecasting
Hello, Would you please find a small case study in managerial economics. please I don't want the typical solution because the prof have it. thanks
Explain the Consumer Interview Survey method of Demand Forecasting.
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