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Determine the Application of managerial economics
Application of managerial economics isn't restricted to profit-seeking business organisations. Tools of managerial economics can be applied equally well to decision problems of non-profit organisations. Mark Hirschey and James L. Pappas mention the example of a non-profit hospital making use of managerial economics techniques for optimisation of resource use. Whereas a non-profit hospital isn't like a typical firm seeking to maximise its profits, a hospital does strive to offer its patients the best medical care possible given its limited staff (nurses, doctors and support staff), equipment, space and all other resources.
producer equllibrium
p=10, TC= 1000+2Q+.01Q^2, Q=?
Cross Elasticity Cross elasticity of demand measures the degree of responsiveness of the quantity demanded of one good (B) to changes in the price of another good (A). It is
with the of evidence comprehensively discuss the market structure in the south African mobile telecommunications industry
a bus operates two routes,one to harare and another one to johanesburg.the company analyst estimated that the elasticity of demand for joburg is 0.9 while for harare is 2.the compa
Appropriate Management of Sales: Demand forecasts are made area wise and after that sales targets for various areas are set in view of that. This helps the calculation of sales pe
scope of marginal costing
what is equi marginal concepts?
What are the essential points to determine in monopoly? Points essential to determine in monopoly: a. The importance of monopoly, where a particular monopolist is the merely
Problem 1: All economies of the world can be said to be ‘mixed', to a greater or lesser degree, in that there is no economy where there is no state activity and no economy wher
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