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Q. Show the importance of Demand forecast?
Demand forecast for a particular commodity furthermore offers recommendations for demand forecast of associated industries. For example the demand forecast for vehicle industry aids the tyre industry in computing the demand for two wheelers, three wheelers and four wheelers.
Significance for the government: At the macro-level, demand forecasting is valuable to government as it aids in determining targets of imports and exports for different products and preparing for international business.
Q. Explain Supernormal Equilibrium? Supernormal Equilibrium: E is the point of stable equilibrium as MC = MR and MC cuts the MR from below. Figure: Supernormal Equ
SHORT-RUN EQUILIBRIUM All firms are assumed to aim at maximizing profits or minimizing losses. The monopolist controls his output or price, but not both. The monopoly maxi
The use of arc elasticity in economic analysis involves a good deal of chariness since it is capable of being misinterpreted. Arc elasticity coefficients vary between the same two
is the sales maximization applicable
explain marris model
Keynes and Mitchell Description According to Keynes description, a trade cycle is characterised by alternating expansionary and contractionary wavy movements in the aggregate
Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above.
An Economy consists of two regions, the North & the South. The short-run elasticity of labor demand in every region is -0.5. Labor supply is perfectly inelastic within both regions
Q. Show the method of production? A process or method of production is a combination of inputs essential for the production of output. A method of production is technically eff
measurement and scaling techniques in business research
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