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Q. Show the uses of income elasticity? A few significant uses of income elasticity are as follows: First, concept of income elasticity can be used to approximately compute t
needs for capital budgeting
How economics contributes to managerial functions However economics is variously defined, it's basically the study of logic andtechniques and tools, to make optimum use of ava
TRADE UNIONS Trade unions are workers' organizations whose objective is to protect the interests of their members. Functions i. To bargain on behalf of their mem
'' monopoly is good for consumer welfare" is this crrect
The Current Account This records all transactions involving the exchange of currently produced goods and services and is subdivided into i. Visibles: A record
asumption and limitation of increemrntal,oppurtunity cost
discuss the significance of managerial economics in regards to business strategies employed by business entities currently operating in the global economy
Explain the importance of Managerial economics Managerial economics bridges the gap among 'theoria' and 'pracis'. The tenets of managerial economics have been derived from quan
Explain baumol''s static model
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