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How does economic theory contribute to managerial decisions?
Fixed costs are those that are independent of output. They should be paid even if firm produces no output. They wouldn't change even if output changes. They remain fixed whether ou
How will you influence people to strive willingly for group objective in your organization (target based industry)? Apply your interpersonal influence through communication process
analyze the method by which firm can allocate the given advertising budget between different media of advertisement
Case study for consumer behavior using indifference curev
Functions of Commercial Banks In modern economy, commercial banks have the following functions: i. They provide a safe deposit for money and other valuables. ii.
Special Drawing Rights (SDR) These are international reserve currencies created by the International Monetary Fund (IMF) to overcome the problems of using gold and national c
What is Normative economics It is concerned with varied corrective measures which a management undertakes under different circumstances. It deals with goaldevelopment, goal det
Price Elasticity of Demand Is the responsiveness of the quantity demanded to changes in price; its co-efficient is Pe d = Proportionate change in quantity demanded
Fundamental of managerial economic
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