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Principles of Managerial Economics points
Actual income and Full employment income Full employment income (Also called Potential National) is the national income that could be produced when the country's factors of pr
A. Write a detailed essay on the importance of economics to managers. OR What is the role of managerial economics in organizations ? B. What are the methods of measuring nation
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show how scarcity and opportunity cost are useful in decisionmaking
Disadvantages The effect on incentives High progressive tax makes work and extra effort become less valuable. The effect on the willingness to accept risk
Explain how a product would reach equilibrium position with the help of -iso-quants and iso-cost curve.
The Barcelona Football Club is considering the signing of a player of international fame. The problem is that the player has a reputation for having a weak knee. The probability th
Shifts in the supply curve Shifts in the supply curve are brought about by changes in factors other than the price of the commodity. A shift in supply is indicated by an entir
define equi marginal principle
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