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Determine the Theory of Exchange and Price Theory
Theory of Exchange is commonly called Price Theory. Price determination under various types of market conditions comes under thewingspan of this theory. It assist in determining the level to which an advertisement can be used to boost market sales of a firm. Price theory is essential in determining the price policy of a firm. Pricing is asignificant area in managerial economics. Accuracy of pricing decisions is vital in shaping the success of an enterprise. Price policy impresses upon the demand of products. It includes the determination of prices under various market conditions, pricing policies, pricing methods, differential pricing, price forecasting andproduct line pricing.
Assumptions of Monopolistic Competition Monopolistic competition as the name implies, combines features from both perfect competition and monopoly. It has the following featu
Prices of other related goods i) Substitutes: If X and Y are substitutes, then if the price X increases, the quantity demanded of X falls. This will lead to inc
Q. Explain the Game theory? Game theory: Game theory is a branch of applied mathematics which is used in the social sciences, most particularly in economics, as well as in b
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Discuss the importance of dividend decisions
1. The price of a U. S. produced hammer is $5. The exchange rate with Malaysia is 3 Ringgit/1$. What is the current price of the hammer in Malaysia? (Assume no transportation cost.
Your discussion assignment this week is associated with the Pilgrim Bank case. Using the attached file, answer the following questions: A. Is there a difference in profitability ac
what is third degree discrimination
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