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Features of this system The mixed economy includes elements of both market and planned economies. The government operates and controls the public sector, which typically cons
when the data is descrete and incremental changes is measurable, what is it?
determinants of price expectation of elasticity
how manager can apply scarcity and oppotunity cost in managerial decision making
What is Managerial economics according to McGutgan and Moye McGutgan and Moyer: "Managerial economics is the application of economic theory and methodology to decision-making
What is an effective need of demand 1. An Effective Need: Effective need demands that there must be a need supported by the capacity and readiness to shell out. Henceforth there
Given the following payoff matrix (a) indicate the best strategy for each firm (b) why is the entry deterrent threat by firm Ato lower the pruce not credible
Advantages a. It is more equitable. The broader shoulders are asked to carry the heavier burden. b. It satisfies the canon of productivity as it yields
define scarcityand oppurtunity cost.show how these concepts are useful in managerial decision making
if Q=120-2p is the equation for demand curve, find the compounding total, marginal and average revenue function
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