Illustrate what is production function

Assignment Help Business Economics

Reference no: EM1367646

Q.1) As a managerial economist Illustrate what is most important advice you will give manager of a business industry?

2) Assume you are a production manager, why is it important to define time frame in laying down strategies of industry?

3) State and elucidate principle of diminishing marginal utility in relation to consumer demand.

4) Illustrate what is production function and how is it relevant to a production manager.

Reference no: EM1367646

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