Meaning of managerial economics
What is the meaning of managerial economics?
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Managerial economics bridges the gap between old economic theories and real business practices in two ways:
i) It provides tools and techniques to enable the manager to become more capable to take decisions in real and practical situation. ii) It serves as an integrating course to demonstrate the interaction between ranges of areas in which the firm operates.
If workers accept lower wages in exchange for employer assurances of enhanced job security, employment agreements are illustrations of: (i) credentialism. (ii) comparable worth. (iii) specific training. (iv) an implicit labor contract. (v) human capital.
If compared along with average high school graduates, in that case average Americans along with college degrees: (1) uniformly earn more at every point over their whole lives. (2) earn more primarily early throughout their careers. (3) earn more, but only later during
Provide a brief introduction of the term Marginal Costing? And also write down the essential suppositions made by Marginal Costing?
What are the reasons for adopting penetration price strategy?
Illustrates the Expert Opinion method of Demand Forecasting?
The income effect of a small change within the wage rate for that worker most strongly exceeds the substitution effect at a wage rate of: (1) $5 per hour. (2) $10 per hour. (3) $10 per hour to $25 per hour. (4) $25 pe
Derived demand refers to: (w) consumer demand for products, based on expected utility. (x) government demand for social goods, based upon tax revenue. (y) business demand for resources, based upon consumer demand for products. (z) supplier demand for
Assume that you require studying six hours per week to earn a ‘C’, nine hrs a week to earn a ‘B’, and 15 hrs per week to earn an ‘A’. This would mean: (i) Raising returns to hrs studied. (ii) Diminishing returns to hrs studied. (iii
Define the Econometric Methods.
Disadvantaged groups have historically been pressured toward low wage jobs in a procedure termed as: (1) occupational crowding. (2) labor staggering. (3) systemic discrimination. (4) reverse favoritism. (5) nepotism. Discover Q & A Leading Solution Library Avail More Than 1445438 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1933992 Asked 3,689 Active Tutors 1445438 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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