1)price of the product2)price of the substitute product
3) advertisement effect
4) consumers expectations
5) tastes and habits
6)climatic conditions
7) customs and traditions
8) population growth
9) number of buyers
10 distribution of income and wealth
11spending habits
12taxation policy
13 )inventions and innovations
14)fashions
15)age and gender
Explain the managerial uses of demand distinction
The determinants of the deadweight loss in economics are the price elasticities of supply and demand.
nature of managerial economics?
scope of managerial economics
Explain Managerial economics is economics applied in decision making?
Explain the managerial uses of demand distinction
The determinants of the deadweight loss in economics are the price elasticities of supply and demand.
demand estimation may be defined as the process of finding values for demand in future time periods."
nature of managerial economics?
scope of managerial economics
1-interrelated demand 2-joint demand 3-competetive demand 4-derived 5-composite 6-independent
Managerial economics is an applied field of economics that focuses on the use of economic analysis and techniques to solve business decisions. It combines economic theory with managerial practice and focuses on the microeconomic aspects of an organization, such as demand analysis and pricing, production costs, and investment decisions. Managerial economics applies microeconomic analysis to specific decisions in order to optimize outcomes and maximize profits. It also considers the macroeconomic environment in which a business operates, such as global economic trends and government regulations. Managerial economics provides a framework for understanding how businesses interact with their environment and make decisions that will impact their long-term success.
Explain Managerial economics is economics applied in decision making?
what is the role of managerial economics in Pakistan
significance of managerial economics is decesion making
Determinants of demand which are sometime also called as demand shifters is a number of factors that when they change they will cause the demand curve to shift.
responsibilities of managerial eeconomic