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The comparability principle
Associations representing workers providing services - clerical, postal, teaching, etc. - have always attempted to apply the "principle of comparability" with wages of those in similar occupations, though it is often very difficult to compare workers in different occupations, since no two jobs are alike.
1. What is the difference between a static (master) budget and a flexible budget? Ans: static budget is where a budget doesn't change a volume changes. An example could be th
How does economic theory contribute to managerial decisions?
What is Cyert and March's behavior theory? What are the demerits.
Milton Friedman makes the demand for money a function of the real per capital permanent income. in this study the demand function for money is stated as; M/NPP= r( YP/NP) δ W
What is the formula of finding Fixed cost of a quadratic function
calculate point elasticity of demand for demand function q=10-2p for decrease in price from rs 3 to rs 2
Price Elasticity at Terminal Points The price elasticity at terminal point N equals 0 means that at point N, e = 0. At terminal point M, although, price-elasticity is undefined
Discuss the full cost pricing and marginal cost pricing method. Explain how the two methods differ from each other.
limitations of managerial ecomomics
Explain in brief the relationship between TR,AR and MR under perfect market condition.
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