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Define Williamson''s Model of Managerial Discretion practice?
with the of evidence comprehensively discuss the market structure in the south African mobile telecommunications industry
Q. Describe Rule based forecasting? Rule based forecasting: Rule-based forecasting (RBF) is a proficient method which incorporates judgment as well as statistical techniques
isoquant and its properties
Theories associated with different market structures A firms profit maximising output decisions take into account the market structure under that they operate. There are 4 type
Price rise in future must not be expected - law of demand If the buyers of a commodity expect that its price will increase in future they raise its demand in response to an in
scope of marginal costing
How does economic theory contribute to managerial decisions
Let consider the economy (above) again where the following set of stocks is traded: x 1 =(2,2,0) x 2 =(1,0,3) x 3 =(0,2,4) for the prices (p 1 , p 2 , p 3 )=(1,
Disadvantages The effect on incentives High progressive tax makes work and extra effort become less valuable. The effect on the willingness to accept risk
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