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Determine the studies of Managerial economics
Managerial economics studies the application of techniques, principles as well as concepts of economics to managerial problems of industrial and business enterprises. The term is used interchangeably withmicroeconomics, business economics, economics of enterprise, managerial analysisand applied economics and so on. Managerial economics lies at the junction of economics and business management and traverses the hiatus between the two disciplines.
points and its explanation
Problem 1: You are the manager of a reputed five star hotel in Mauritius and you have been asked by the director of the hotel to advise on possible pricing strategies to increa
The Learned Book Company has a choice of publishing one of two books o the subject of Greek mythology. It expects the sales period for each to be extremely short, and it estimates
is indian companies running a risk by not giving attention to cost cutting?
Question: i) If X and Y are different processes producing the same commodity and the joint total cost (TC) is given by: TC = X 2 + 2Y 2 - 3XY Using Lagrange Multiplier,
PUBLIC SECTOR BORROWING REQUIREMENT (PSBR) Public Sector Borrowing Requirement (PSBR) is the amount which the government needs to borrow in any one year to finance an excess e
fundamental concepts of decision-making theory The fundamental concepts of decision-making theory have been culled from microeconomic theory and have been furnished with new t
PUBLIC EXPENDITURE The accounts of the central government are centered on two funds, the Consolidated Fund, which handles the revenues form taxation and other miscellaneous re
What is the formula of finding Fixed cost of a quadratic function
if Q=120-2p is the equation for demand curve, find the compounding total, marginal and average revenue function
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