Microeconomic analysis is a powerful planning tool for business because

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    The models enable decision makers to precisely predict market sales and profit growth.
     The models enable decision makers to predict the direction of future market price, production and cost trends in reaction to observed changes in consumer tastes, input prices or government regulations.
     The models enable decision makers to predict the direction of national employment and inflation in reaction to changes in consumer tastes, government regulations or input prices.
     Both 2 and 3.
asked May 30, 2013 in Economics by anonymous
    

1 Answer

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The models enable decision makers to predict the direction of future market price, production and cost trends in reaction to observed changes in consumer tastes, input prices or government regulations.
answered May 31, 2013 by Xyz ~Expert~ (3,650 points)

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