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Survey Methods: The most direct method of forecasting demand in the short run is survey method. Surveys are conducted to collect information about future purchase plans of the probable buyers of the product. Survey methods include.
Complete Enumeration Survey: Under the complete Enumeration Survey the firm has to go for a door to door survey for the forecast period by contacting all the households in the area.
What is endothermic reaction? 3. Draw a generalised energy graph for an endothermic reaction.
how does pp curve solve the problem of how to produce, what yo produce, and when to produce?
Uses of population census: It is used to determine the size and the growth rate of the population at a country. The helps the government in planning for education, transporta
to prepared a projects
I don''t understand PPC at all
True public goods are those goods which can't be provided to one group of consumers, without being provided to any other consumers who desire them. Thus they are "non-excludable."
Negative profit FC + VC > R(q) MR > MC Indicates higher profit at the higher output - Question: Why is profit negative when the output is zero? - Outp
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
SUMMARY OF THEORY OF PRODUCTION
how can we solve central problems of economy in different econmy?
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