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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.
Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
Uses of Indifference Curve Analysis Indifference curve analysis is useful when studying welfare economics as follows: They are used to indicate the amount of income and
What is the goal of a firm?
A firm can produce steel with or without a filter on its smokestack. If it produces without a filter, the external costs on the community are $500,000 per year. If it produces with
williamson''s model describe
Q. Development of Skilled Labour - External Economies? As the industry grows training facilities for labour will increase. This helps development of skilled labour that would i
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
Explain the importance of managerial economics.
Income Elasticity of different consumer goods Commodities Coefficient of income elasticity Impact on expenditure Necessities
how manager can apply scarcity and oppotunity cost in managerial decision making
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