(Answered) Explain the statistical methods of forecasting demand 2

Economics

Explain the statistical methods of forecasting demand.

2. Discuss isoquant curves and isoquant maps.

3. Analyse the relationship between output and per unit costs in the short run.

4. What are the chief objectives that business firms seek to achieve that concern an economist?

5. What is meant by monopolistic competition? Explain and critically analyse Chamberlin's theory of monopolistic competition.

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