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    Ongko Djaja's Avatar
    Ongko Djaja Posts: 1, Reputation: 1
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    #1

    Sep 13, 2008, 08:32 AM
    Managerial economics
    1. Define and explain the “principal-agent problem”.
    2. Differentiate “demand” from “quantity demanded”. What factors influence “demand”?
    3. What is the relationship of “income elasticity for restaurant food” on the “eating out”
    Behavior of individuals in a recession?
    4. Under what conditions should additional work to improve a forecast be undertaken?
    5. What are opinion polls? Why are they used in forecasting demand?
    6. Define and explain ‘returns to scale’. What is the difference between ‘returns to scale’
    And ‘productivity’ ?
    7. Discuss the relationship of ‘economies of scale’ to ‘returns to scale’.
    NeedKarma's Avatar
    NeedKarma Posts: 10,635, Reputation: 1706
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    #2

    Sep 13, 2008, 08:34 AM
    We don't do your homework for you.
    cherrera1092's Avatar
    cherrera1092 Posts: 1, Reputation: 1
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    #3

    Jan 30, 2010, 01:16 PM

    The term recession refer to a
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