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explain perspective of managerial economics
how much output should a firm produce? 80$ per unit C(Q)=40+8Q+2Qsquared
define scarcityand oppurtunity cost.show how these concepts are useful in managerial decision making
Q. Explain about Concave Isoquant? If the isoquant is concave to origin it would mean that marginal rate of technical substitution is increasing. This behaviour is explained in
Illustrate the application of economic theory to some business problems
williamson model and managerial discretion about its objective and statement of problem
howw much should the firm produce to maximize its profits
The quantity theory of money In the 17 th Century it was noticed that there was a connection between the quantity of money and the general level of prices, and this led to th
Marris constraints of growth maximisation
Lots of states have scratch offs with various different monetary payoffs. For example, the "$500 a week for life" in New York offers the payout and odds structure noted below.
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