Functions and Responsibilities of managerial economist
What are the Functions and Responsibilities of managerial economist?
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i. Sales forecasting. ii. Market research. iii. Production scheduling iv. Economic analysis of competing industry. v. Investment appraisal. vi. Security management analysis. vii. Advise on foreign exchange management. viii. Advice on trade. ix. Environmental forecasting. x. Economic analysis of agriculture Sales forecasting.
what are the criteria for good forecasting
An increase within competitively-set wages tends to cause firms to adjust hence there are reductions into the: (1) amounts of labor most firms hire. (2) value of the marginal productivity of workers. (3) marginal profit from hiring labor. (4) technolo
Explain the Price Elasticity of Demand.
Explain the Trent projection statistical method of Demand Forecasting.
What are the operational or internal issues of managerial economics?
Illustrates the area of decision making in Managerial / Business Economics?
Write down the features of Marginal costing?
When the demand for labor influenced by the minimum wage is wage elastic, increasing the minimum wage would: (w) increase total wages received by low wage workers. (x) reduce total wages received by low wage workers. (y) not affect th
What are the Environmental or external issues of managerial economics?
Explain the Opinion Survey method of Demand Forecasting.
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