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identify and discuss four major managerial factors that lead to dis-economies of scale
define opportunity cost and how it is useful in managerial decision making?
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The Bandwagon Effect - This is desire to be in style, to have a commodity because almost everyone else has it, or to indulge in it. - This is major objective of marketing an
1. Isoquants are negatively sloped because if the quantity of factor 1 used in production is decreased then the quantity of the other factor must be increased to produce the s
how advertisement affects the sales revenue of a form
using the tools of an indifference curve and isoquent, highlight on consumption and production in business economics.
Why total product continues to increase despite a decrease in the marginal product?
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. The narrowness of the definition of the commodity
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