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What is Normative economics
It is concerned with varied corrective measures which a management undertakes under different circumstances. It deals with goaldevelopment, goal determination and achievement of these goals. Policy-making, Future planning, optimal utilisation and decision-making of available resources comes under the banner of managerial economics.
p=10, TC= 1000+2Q+.01Q^2, Q=?
diagram of production function with one varaible
what are the limitation of managerial economics and what is the solution of it?
write a note on marris growth maximising model?
define scarcityand oppurtunity cost.show how these concepts are useful in managerial decision making
Explain cost output relationship with reference to: a. Total fixed cost and output b. Total variable cost and output
Bank Rate Bank rate is the rate at which the central bank gives loans to the commercial banks against the security of government and other approved first class securities. In
Q. What do you mean by Cost Function? Cost function is a derived function. It's derived from the production function that describes the efficient method of production at any gi
The gap between theory and practise and the role of managerial economics: We have noted above that application of theories to the process of business decision making contributes a
explain perspective of managerial economics
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