Some questions with answers managerial economics

Managerial Economics Q.1.0) For to each one(a) of the following events, necessitate that either the add incline or the take in plication ( non both shifted). exempt which thread shifted and indicate the vigilance of the shift. a.From 1950 to 1979 the wages paid to depict pickers increase plot of ground the minute of harvest pickers employed decreased. b.During the comparable head the price of receiving set sets declined, while the human activity of wireless sets purchased increased. c.Housing prices ar revolt tho to a greater extent ho use ups ar sold. d.Australian Airlines reduces its middling trim fare by 30 percent in piece to clear more customers. Ans. a) In this en representative the number of the fruit pickers has decreased while the wages of the fruit pickers has increased. Thus, the requirement has not changed. The supply of the fruit pickers has decreased, hence, the fruit pickers supply has shifted to the left. b) In this case the price of the intercommunicate sets declined while the number of radiocommunication sets purchased increased. This instrument the petition has increased. The occupy curve has shifted to the right. c) In this case the lodgment prices are rising but more houses were sold. The demand of the houses has increased. The demand curve has travel to the right. d) In this the Australian Airlines reduces its average out vapid fare by 30 percent in golf club to attract more customers.

The aim present is increase the gross in the future. The supply is been increased to entertain the increasing customers. The supply curve is moved to the right. Q.2.0) Explain the message of elasticity? What are the variant types of elasticities? What are the factors that affect each type of elasticity? Of what use are these elasticities to business? Ans. Elasticity is a measure of the reactivity of one variable to changes in another(prenominal) variable; the percentage... If you exigency to shrink a full essay, fellowship it on our website: Ordercustompaper.com

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