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What is optimal output rule? Optimal output rule: According to the optimal output rule, describe that profit is maximized through producing the quantity of output at that th
Substitution Effect on law of demand When price of a commodity falls it becomes comparatively cheaper if price of all other related goods, particularly of substitutes, remain c
How does economic theory contribute to managerial decisions?
scope of marginal costing
Discuss the price output determination using profit maximization under perfect competition in the short run.
Q 3. What is Demand Forecasting? Explain in brief various methods of forecasting demand.
Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#
Explain a circular flow of income in a frugal econmomy with diagram
Describe the Managerial decisions Managerial decisions are an important component in the working wheel of an organisation. The failure or success of a business depends upon the
Drafting of Production Policy: Demand forecasts assists in drafting appropriate production policy so that there may not be any space between future demand and supply of a product.
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