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State the relevant economic quantities
Managerial economics helps the management in predicting numerous economic quantities like profit, cost, capital, demand, price, production etc. As a business manager has to function in an environment of uncertainty, it's imperative to anticipate the future working environment in terms of said quantities.
Environmental issues factors This is governed by the below factors: The type of economic system of the country Business cycles Industrial policy of the countr
Assignment
Consider the following table. It shows the market shares of seven clothing stores (A to G) in five dissimilar cities. a) Calculate the Herfindahl index (?H) for each city.
applicatiopn of qt in managerial decision making
Objectives of IMF To achieve these objectives, the following conditions would have to be fulfilled: - i. Countries should not impose restrictions in their trade
TC=100+0.15Q, Qu=1000-10Pu
Function of Money Markets The money markets are the place where money is "wholesaled". As such the supply of money and interest rate which are of significance to the whole ec
Suppose market demand and supply are given by Qd = 100 – 2P and QS = 5 + 3P. If a price floor of $20 is set, what will be the size of the resulting surplus?
What is Managerial economics according to Spencer and Siegelman Spencer and Siegelman: Managerial economics is "the integration of economic theory with business practice for t
what is profit appropriation
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