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Define Aunifying and omniscient theme
Aunifying and omniscient theme found in managerial economics is the attempt to achieve optimal results from business decisions whereas taking into account the firm's objectives, constraints imposed by scarcity and so on. A prototype of such optmisation is the use of programming and operations research.
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Fundamental of managerial economic
distinguish between industry demand and firm company demand
what is meant by equi-marginal concept
Imagine of these concepts (markets, elasticity, production, costs, market structures). Take one or two of those concepts and use it to examine and understand economic situations o
types of elasticity
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Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs. 3 to 2
williamson''s model describe
Discuss the determinants of price elasticity of demand
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