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The emergence of managerial economics as a separate course of management studies can be attributed to at least three factors:
1. Growing complexity of business designs making process due to changing market conditions and business environment
2. Consequent upon, the increasing use of economic logic, concepts, theories and tools of economic analysis in the process of business design making, and
3. Rapid increase in demand for professionally trained managerial manpower. Let us have a glance at how these factors have contributed to the creation of managerial economics as a separate branch of study.
Measures to control inflation An inflationary situation can effectively be addressed/tackled if the cause is first and foremost identified. Governments have basically three
Problem 1: Using relevant examples, discuss the pricing strategies that firms can use to capture value from their customers. Problem 2: You are a manager in a perfectl
Nature and Functions of Money The concept of money is very difficult to define . it is belongs to the category of things which are not amenable to any single definition. It is p
Fixed Costs (FC) These are costs which do not vary with the level of production i.e. they are fixed at all levels of production. They are associated with fixed factors of p
explain marris model
Q. Define Profit maximisation theory? Profit maximisation theory defines that firms (corporations orcompanies) will establish factories where they see potential to achieve the
what kind of market structure is involved for the sale of medicines and vitamins? explain
Problem: Long-Run Labor Demand and Factor Substitutability Suppose there are two inputs in the production function, labor (L) and capital (K), which can be combined to produce
outline of this assignment
Paper Money Due to the risk of theft, members of the public who owned such metal money would deposit them for safe keeping with goldsmiths and other reliable merchants who
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