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Part A : Select one of the following economic issues and discuss how it impacts on your organisation.
Part B: Discuss how the following are used or could be used in the organisation.
Part C: Discuss the benefits and limitations of budgeting and planning relating this experience to the budgeting process and budgetary control in the organisation.
calculate point elasticity of demand for demand function q=10-2p for decrease in price from rs 3 to rs 2
Household This refers to all the people who live under one roof and who make or are subject to others making for them, joint financial decisions. The household decisions are a
list all profession which generate personal income
1. The price of a U. S. produced hammer is $5. The exchange rate with Malaysia is 3 Ringgit/1$. What is the current price of the hammer in Malaysia? (Assume no transportation cost.
d/f b/w MRTS and MRS
Where does the firm Operate? The firm will avoid stages I, II and III and will instead choose stage II. It will avoid stage I because this shall involve using the fixed facto
It can be geometrically proved that two elasticity are equal, which is., QB=RD Let's first consider ΔAOB. If we draw a horizontal line from point Q to intersect the vertical axis a
Real Vs Nominal GNP: "Deflating" by a price Index One of the problems that confront economists when measuring GNP is that they have to use money as the measuring rod. Thes
discuss the significance of managerial economics in regards to business strategies employed by business entities currently operating in the global economy
For all regular goods, income elasticity is positive though the degree of elasticity fluctuates as per the nature of commodities. Consumer goods are generally categorised under thr
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