List of Q & A for Master of Tourism Management.

LATEST QUESTIONS

• Describe Nature and Types of Cost Functions.
  Cost Functions. One problem a managerial economist is faced with is that of choosing the type of equation or curve which fits the cos...More
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• What are the common problems you encounter while attempting to derive empirical cost function from economic data?
  The various problems, which need to be taken care off while determining the empirical cost functions based on the economic data, may be listed as fo...More
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• Explain the econometric method of estimating cost function. Why is this method more popular than the other two methods (accounting and engineering) estimation costs?
  This method is also referred to as statistical method. It has a wide use in estimating the cost functions. This method, undertakes the historical data of cost a...More
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• Explain the determinants of Cost Function.
  Cost function is the representation of the relationship between the cost and its determinants such, as the size of plant, level of output, inpu...More
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• What care should be taken while collecting the data for the estimation of a production function?
  The following points must be kept in mind during the collection of data for the estimation of a production function. In other words the following are the limita...More
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