--%>

What are the responsibilities of managerial economists

What are the responsibilities of managerial economists?

E

Expert

Verified

The duties of managerial economists are the following:

i. To bring reasonable profit to the company.
ii. To make accurate forecast.
iii. To establish and maintain contact with individual and data sources.
iv. To keep the management informed of all the possible economic trends.
v. To prepare speeches for business executives.
vi. To participate in public debates
vii. To earn full status in the business team.

   Related Questions in Managerial Economics

  • Q : Explain the decision making areas of

    Explain the decision making areas of the decision making.

  • Q : Marginal Factor or Resource Costs The

    The words “marginal factor costs” or “marginal resource costs” taken as to the: (w) extra cost involved in producing an additional resource. (x) extra cost involved while producing an additional unit of a resou

  • Q : Income and Substitution Effects of

    When the substitution effect of a wage raise dominates the income effect, in that case the: (1) labor supply curve will be "backward bending." (2) value of the marginal product will exceed the wage rate. (3) labor force participation

  • Q : Illustrate signalling by example If

    If interviewing for a job like a bill collector for a loan shark, Bob mentions his degree into martial arts by the Hard Knox Reformatory, his summer internship along with BreakUrLegs, Inc., as well as his family links. Bob’s casual discussion of such credentials

  • Q : States the term Demand Analysis States

    States the term Demand Analysis?

  • Q : Managerial slack and x-inefficiency A

    A firm along with extreme managerial slack (i.e., X-inefficiency) can best survive when, it: (1) maximizes its economic profits. (2) spends large amounts on marketing and advertising. (3) has important market power and faces little potential competiti

  • Q : Explain the way of Price Elasticity of

    Explain the way of Price Elasticity of Demand.

  • Q : Illustrates the term Advertisement

    Illustrates the term Advertisement Elasticity of Demand?

  • Q : Example of an investment in human

    A government-supported literacy program provided from a firm which primarily employs unskilled labor is an illustration of an investment in: (1) human capital depreciation. (2) business paternalism. (3) specific training. (4) laissez-faire economics.

  • Q : Define the areas of Scope of Managerial

    Define the areas of Scope of Managerial /Business Economics?