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Topic: Company Case Study and Industry Analysis
Instruction: 1) choose a company;
2) recognize the market industry type;
3) Apply two of the economic theories or market analysis you
learned in class.
4) Give business recommendations in your conclusion.
What is Demand theory: Demand theory relates to the study of consumer behaviour. It addresses questions like what incites a consumer to buy a particular product, why do consume
p=10, TC= 1000+2Q+.01Q^2, Q=?
TYPES OF UNEMPLOYMENT A person can be either in the labour force or not in the labour force of an economy. The person not included in the labour force includ
The Basis of Wage Claims The union's demand for higher wages is normally based on one or more of the following four arguments: 1. The cost of living argument This is
A MATHEMATICAL APPROACH TO REVENUE AND COST FUNCTIONS Recall that TR = P x Q This implies that P(AR) = TR Q For example, assuming
EFFICIENCY-WAGE THEORIES OF UNEMPLOYMENT Efficiency wage theories are clearly non-Walrasian theories in as much as they postulate payment of wages that are higher than m
arguments in favour of traditional theory of profit maximization
You own a pharmaceutical company that is specialized in the manufacture of medicine for smokers. You newly patented an innovative drug called Clealung, which drastically reduces th
monopolistic competition
Explain the classification of oligopoly?
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