forecasting demand
what are the criteria for good forecasting
Explain the term business cycle in brief.
As a firm is a pure competitor in both the labor market and during the sale of its product, this will hire labor where: (w) profit is maximized. (x) marginal revenue product = marginal resource cost. (y) wage = value of the marginal product. (z) All o
When this purely competitive labor market is primarily in equilibrium at D0L, S0L, a move to equilibrium at D0L, S1L would be probably to follow from increases in: (w) rates of technological advance. (x) the cost of living. (y) labor force participati
Define the difference between accounting and economic cost.
Who is the father of economics and what is wealth definition of economics?
Firing a worker who regularly goods off and calls in sick may not resolve the moral hazard problem of shirking when: (w) there is a high probability which the worker will sue the firm. (x) the local unemployment rate is high. (y) average worker productivity is low. (z
What are the trade types of cycle distinguished by Schumpeter?
Illustrates the relation between Average Revenue, Total Revenue and Marginal Revenue?
Illustrates the meaning of Demand?
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