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Q.1) As a managerial economist Illustrate what is most important advice you will give manager of a business industry?
2) Assume you are a production manager, why is it important to define time frame in laying down strategies of industry?
3) State and elucidate principle of diminishing marginal utility in relation to consumer demand.
4) Illustrate what is production function and how is it relevant to a production manager.
illustrate what prevented the villagers from reaching this higher-income allocation of resurces when they acted independently
Find out the percentage change from last year to this year in the United States' nominal exchange rate with Russia
Explain how is the cross elasticity theory used to empirically define economic markets.
Compute the elasticity of demand when the price of a deluxe cheeseburger raises $2.50 to $3.00 which causes sales to fall from 175 deluxe cheeseburgers each day to 125 deluxe cheeseburgers each day.
If each economy specialized in its comparative advantage, what range of prices would bacon trade at in terms of eggs.
Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy.
Elucidate how much money should the government spend to eliminate this gap. Elucidate how much money should the government give in tax cut to eliminate this gap.
A huge increase in resource costs causes the price to rise to $9 also Block's only manages to sell 460 bottles of perfume.
Discusss the effects to the equilibrium price level and GDP. Make sure to address consumption, disposable income, and aggregate demand in your answer.
Compute both Burton Cummings's explicit costs every month also his implicit costs every month. Compute the opportunity cost of the resources utilized by Burton Cummings each month.
Determine the quantity demanded, the quantity supplied, and the magnitude
Illustrate what happens to wheat farmers and the market for wheat when university agronomists discovers a new wheta hybrid that is more productive than existing varieties? show graphically.
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