Functions and responsibilities of managerial economist
States the functions and responsibilities of managerial economist?
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A managerial economist can play a significant role by assisting the management to respond the difficult problems of forward planning and decision making. Managerial economists should study external and internal factors affecting the business during taking the decisions.
Illustrates the types of Demand Forecasting?
Define naive method and its techniques briefly.
When the relative price of a resource decreases, we would usually expect a firm to employ less units of: (w) that resource due to the substitution effect. (x) that resource because of the output effect. (y) complementary resources due to the substitut
The entire given can be used to calculate average profit except: w) marginal profit minus marginal cost. x) total profit divided by quantity. y) average revenue minus average total cost. z) price minus average total cost.
Why is wealth definition of economics criticized?
States the term fixed cost in briefly.
State the assumptions of Law of Demand?
State the laws of production.
Illustrates about the Barometric techniques?
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