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when the data is descrete and incremental changes is measurable, what is it?
Explain how managerial economics is useful for decision making
who are the contributors in economics and what they contribute in economics
question 1, Managerial Economics
a. Explain why the demand for a particular brand is more elastic than the demand for all cigarettes. If Lucky Strike raised its price by 1% in 1918, was the price elast
Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#
Define scarcity and opportunity cost. Show how these concepts are useful in managerial decision making
Q. Construction of an explanatory model? Construction of a sample: To apply multiple regression a large sample is generally essential (ideally between 2,000 to 15,000 indivi
Q. Explain about Cardinal utility? A measure of utility or satisfaction derived from consumption of services and goods which can be measured using an absolute scale. Cardinal u
Why do the managers in marris model maximise their satisfaction by choosing a higher growth rate and a lower valuation ratio when compared to the profit maximisation
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