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Q. Discovery of new technical know-how?
Growth of Technical Know-how: Expansion of an industry may result in the discovery of new technical know-how. As a result of this firms may be able to use improved and better machinery that will increase the productivity of the firms and consequentlydecrease the cost of production.
Income Elasticity of different consumer goods Commodities Coefficient of income elasticity Impact on expenditure Necessities
isoquant and its properties
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How has quantitative analysis changed the current scenario in the management world today? Focus must be on the business world specifically in the context of Asian Countries.
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Discuss the applications of Managerial economics concepts or theories in managerial decision making question..
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