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BUS 620 STUDY GUIDE: TEST 1 REVIEW

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Question;Study Guide: Test 1 ReviewProvide examples of each of the listed areas:The value of a firmThe present value*Implicit and explicit costs*Economic profit*Business ethicsAverage total cost*Marginal cost*Fixed costMR=MC to maximize profit*Arc price elasticity of demand*Income elasticity*The diffusion index*Forecast based on regression analysis*Economies of scale and scopePrice elasticity and total revenue*Forecast using exponential smoothing*Forecast using moving average*need calculation

 

Paper#53121 | Written in 18-Jul-2015

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