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State the difficulties in the measurement of profit.
define scarcityand oppurtunity cost.show how these concepts are useful in managerial decision making
Demand analysis Demand analysis is undertaken to forecast demand, which is a fundamental constituent in managerial decision-making. Demand forecasting is of important because a
who are the contributors in economics and what they contribute in economics
Managerial Economics helps create utility for the Society.
Question 1: (a) Briefly explain and distinguish between a centrally planned, laissez-faire and mixed economy. (b) According to you, which kind of economic system is most d
Number 1 work: Week 4 Discussion - Empirical Demand Function and Forecasting The empirical demand function can be used in conjunction with historical data to predict pricing and
Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above.
Problem: (a) (i) Assuming that a household uses a subjective discount rate of 10%, calculate the amount that she must spend on consumption per annum during her years of existe
effects and implication of taxation in relation to managerial economics
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