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Managers need to know economics resources
Resources such as finance, material and workforce are limited. Though in the absence of unlimited resources, it's the responsibility of management to optimise the use of these kind of resources
Supply-side policies Supply-side policies are intended to increase the economy's potential rate of output by increasing the supply of factor inputs, such as labour inputs and
REGRESSIVE TAX A tax is said to be regressive when its burden falls more heavily on the poor than on the rich. No civilized government imposes a tax like this.
Assignment about law of variable proportion
how realistic is the sales maximisation model from your experience with business objectives as persued by firms
Define Managerial economics according to McNair and Meriam McNair and Meriam: "Managerial economics comprises the use of economic modes of thought to analyse business situatio
demand definitions
what are the objectives of a firm
Explain the concept of externality in economics? Give one example of a positive and a negative externality in Australia.
how much output should a firm produce? 80$ per unit C(Q)=40+8Q+2Qsquared
Producers Equilibrium or Optimal Combination of Inputs The analysis of production function has demonstrated that alternative combinations of factors of production that are tech
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