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introduction to economic s, Managerial Economics
What is economics of information
Posted Date: 3/6/2013 11:22:39 AM | Location : USA
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Frugal economy, The Frugal Economy In the Frugal economy, households a...
The Frugal Economy In the Frugal economy, households and firms look to the future, and as a result undertake both Saving and Investment. SAVING Saving is income no
Methods of demand forecast, No demand forecasting method is 100% accurate. ...
No demand forecasting method is 100% accurate. Collective forecasts develop precision and reduce the probability of huge mistakes. Methods which relay on Qualitative Assessmen
Special drawing rights, Special Drawing Rights (SDR) These are interna...
Special Drawing Rights (SDR) These are international reserve currencies created by the International Monetary Fund (IMF) to overcome the problems of using gold and national c
Determinants of consumption function, Other Determinants 1. R...
Other Determinants 1. Rate of Interest Is contained in the argument of the classified economists who argued that rational consumers will save more and consume les
Demand-pull inflation, Demand-pull inflation is when aggregate demand exce...
Demand-pull inflation is when aggregate demand exceeds the value of output (measured in constant prices) at full employment. The excess demand of goods and services cannot be met
Elasticity of demand, A baseball team is trying to predict ticket sales for...
A baseball team is trying to predict ticket sales for the upcoming season. They are also considering increasing prices. The market has a population of 2 million persons. The team s
Smplex method, examples
Disadvantages of mixed economy, Disadvantages of Mixed Economy Large m...
Disadvantages of Mixed Economy Large monopolies can still exist in the private sector, and so competition does not really take place There is likely to be a lot of bureaucr
Structural unemployment, a) In 1948, the money GNP was $520 billion an...
a) In 1948, the money GNP was $520 billion and the price index was 120. In order to make the 1948 GNP comparable with the base year, the 1948 GNP must be adjusted to:
Importance of managerial economics, Explain the importance of managerial ec...
Explain the importance of managerial economics.
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