--%>
Assignment Help - homework help

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 : Conventional theories of the labor

    As per most conventional theories of the labor market, the: (w) supply curve of labor is positively sloped since higher wages attract additional workers in the labor market. (x) firms should contend with increasing returns from additional employment.

    		•
  • Q : Different between Expert opinion and

    Illustrates the different between expert opinion method and trend projection method?

    		•
  • Q : Labor Supplies in Competitive Markets

    The individual firm in a purely competitive labor market: (1) faces a perfectly elastic supply of labor at the equilibrium wage. (2) faces a perfectly inelastic supply of labor at the equilibrium wage. (3) has a perfectly elastic demand for labor at t

    		•
  • Q : States the Demand Forecasting in terms

    States the Demand Forecasting in terms of production?

    		•
  • Q : Function of Profit Maximization in

    For a purely competitive firm operating within a competitive labor market as: (1) the marginal resource cost of labor exceeds the wage rate. (2) the supply of labor is perfectly inelastic. (3) total labor costs are independent of the

    		•
  • Q : What are the important pricing

    What are the important pricing strategies?

    		•
  • Q : Describe the Long term Demand

    Describe the Long term Demand Forecasting.

    		•
  • Q : Influenced demand for labor When the

    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

    		•
  • Q : Offsets the amount of revenue to added

    Profit maximizing firms will adjust their employment of labor till the last employee hired adds: (w) more to the firm’s revenue than this adds to cost. (x) more to the firm’s cost than this adds to the firm’s revenue. (y) an amount o

    		•
  • Q : Signaling and Screening Problem Assume

    Assume that you view a degree as a ticket to a high-paying job along with prospects of quick promotion, and that accumulating human capital by learning and studying valuable material is largely not relevant. Your perception is which a college degree f

    		•