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Statistical methods are considered to be superior techniques of demand estimation because:
a. The element of subjectivity in this method is minimum,
b. Methods of estimation is scientific,
c. Estimation is based on the theoretical relationship between the dependents and independents variable ,
d. Estimates are relatively more reliable and
e. Estimation involves smaller cost.
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What happens when oil eventually runs out?? can''t we just pay doctors and nurses more money?? The unemployed should get off their backsides and get a job??
price elasticity of demand any 2 commodities
fig2.3 elaplanition of sales maximisation
Suppose scientists discover that eating soybeans prevents cancer and heart disease
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With the aid of a diagram explain the long run average cost curve and the influences upon it.
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