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Relevance of The Law of Diminishing Returns The law of diminishing returns is important in that it is seen to operate in practical situations where its conditions are fulfille
Define the Managerial economics Managerial economics is thus a study of application of managerial skills in economics. It assists in determining, anticipating and resolving po
WHAT ARE THE PRINCIPLES OF MANGERIAL ECONOMICS
How will you influence people to strive willingly for group objective in your organization (target based industry)? Apply your interpersonal influence through communication process
The concept of isocost In the use of resources, firms are faced with opportunity cost. For every addition of say capital, they must forego a unit of say labour. Expositio
What is Demand theory: Demand theory relates to the study of consumer behaviour. It addresses questions like what incites a consumer to buy a particular product, why do consume
A company is selling a particular brand of tea and wishes to introduce a new flavor. How will the company forecast demand for it.
Explain the limitations of managerial economics
The following represents the section headers you should consider for your reasoned document. Each section should have (at least) two research citations to support your work :
in the context of oligopoly theory explain the channels via which either a cost reduction or a quantity increase influence a supplier''s profitability
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