Economics Homework help

Discuss about law of utility?

Question: Discuss about law of utility? Answer: There are two major laws of utility, as discussed below: Law of Diminishing Marginal Utility Marginal utility refers to the change in satisfaction …
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A manufacturer of shirts has traced the relationship between the sales of shirts and the corresponding advertising and promotion. Calculate the linear regression to forecast sales figures if the manufacturer has invested Rs. 53, 00,000 on advertising in 2023. The figures for sales and advertising expenses in the past are given below:

Question: A manufacturer of shirts has traced the relationship between the sales of shirts and the corresponding advertising and promotion. Calculate the linear regression to forecast …
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