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.
For labor Plastibristle’s demand for labor is least wage elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d. Q : Recession - Phases of business cycle Describe about the term Boom in phases of business cycle.
Describe about the term Boom in phases of business cycle.
Explain the way of Price Elasticity of Demand.
Labor supplies for the economy as an entire are LEAST determined through: (w) labor unions. (x) wage rates and structures of wages. (y) education and training of the work force. (z) labor force participation rates. Hey friends plea
If hiring hundred extra workers increases the firms total cost through $10,000, and each extra worker increases output from 50 units, in that case on the average: (w) profit will fall by $10,000. (x) the value of the marginal product of labor is $10,0
When the marginal revenue product of the last worker hired is superior to the marginal resource cost of the worker, in that case the firm: (w) is experiencing increasing returns to scale. (x) can increase its profits by hiring more la
States the Extension and Contraction of Demand.
Economists suppose that firms hire labor to further a fundamental goal of maximizing: (1) economic profit. (2) workers’ welfare. (3) economy-wide employment. (4) managerial compensation. (5) the total value of output.
A principal who checks the qualifications of a potential agent before giving the agent a contract is engaging within the process of: (i) signaling. (ii) determining an efficiency wage. (iii) predatory behavior. (iv) screening. (v) discrimination. Q : What is pricing strategies What is What is pricing strategies?
What is pricing strategies?
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