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Problem 1:
a. What is price elasticity of demand and how is it measured?b. Using diagrams explain: (i) A good with price elastic demand (ii) A good with price inelastic demand; and (iii) A good with unit price elastic demand
c. What are the practical implications of this analysis to producers and sellers?
Problem 2:
a. Describe the term ‘opportunity cost' showing the conditions under which it is relevant.
b. Show a diagram to illustrate the concept of opportunity cost.
c. Describe the significance of opportunity cost for a business enterprise.
tell me the functions of lower management ?
QUESTION There is no one specific method of categorizing organization theorists. However, it is generally accepted that- (a) The Type 1 theorists, also known as the classica
a) Based on the data for the years 1997, 1998, 1999, evaluate the business performance of Baxton Technology. Given this review what i) unit sales ii) $ sales iii) $ cont
QUESTION 1 People are one of the most important resources in an organization. Consequently, one of the main functions of the human resource manager is to ensure that the organi
Question 1: (a) Describe why ‘control' is an important function for a manager. (b) Using relevant examples, contrast the three types of control namely feedforward, concurrent
Synthetic Auto Insurance is trying to decide how much money to keep in liquid assets to cover insurance claims. In the past, the company held some of the premiums it received in in
Row Minima Methods: Steps1: The smallest cost in the first row of the transportation table is determined. Let it be C 1j . allocate as much as possible amount X 1j
definition of a model
Question 1 Write the types of mergers and acquisitions. Describe the steps to a successful merger Question 2 Explain the process of merger. Write down the goals of a merger
Advantages of a Good Material Handling Systems: The followings advantages are availed from an efficient material handling system. 1. A good material handling sys
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