Households and consumers, economics, Microeconomics

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What is the difference between houehold and consumers?

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Define direct marketing, Direct Marketing This is a marketing tool des...

Direct Marketing This is a marketing tool designed to elicit instant action from the customer through direct contact.

Rule of thumb method, Rule of Thumb Method Sir Ashby had been requeste...

Rule of Thumb Method Sir Ashby had been requested in 1960 by the Government of Nigeria to submit a report on manpower development in Nigeria. In doing so, in the absence of re

Moving average methods, Moving Average Methods: Under this methods the movi...

Moving Average Methods: Under this methods the moving average to the sales of the past years is computed. The computed moving average is taken as forecast for the next year or peri

Why international markets tend towards oligopolis structure, Why do so many...

Why do so many international markets tend towards oligopolist structure? Definition of oligopoly - few and large firms with market power Basic assumptions of oligopoly

What does the is-lm framework mean, What does the IS-LM framework mean? ...

What does the IS-LM framework mean? The IS-LM model helps us to understand the two opposing theories. The IS (investment/saving) curve shows equilibrium in product markets. Th

Deviation, Deviation - Difference between the expected and actual payof...

Deviation - Difference between the expected and actual payoff - Adjusting for the negative numbers - The standard deviation measures square root of average of squa

Choosing inputs to minimize cost, Choosing Inputs How to minimize ...

Choosing Inputs How to minimize cost for the given level of output. We can do so by combining Isocosts with Isoquants Producing a

Determinants of short run cost, Determinants of Short Run Cost - The re...

Determinants of Short Run Cost - The relationship among the production function and cost can be exemplified by either increasing returns and cost or decreasing returns and cost

Introduction to macroeconomics , a. The diagram above depicts the current p...

a. The diagram above depicts the current position of a hypothetical economy using the Keynesian Income/Expenditure approach. If national income is currently at Y1 explain why this

Warehousing facilities and supply of trade information, Warehousing Facilit...

Warehousing Facilities: These should be expanded in important commercial centres abroad, specially for fast-moving consumer goods. Nowadays, foreign buyers are reluctant to keep

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