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Perceived Value Pricing
This refers to a pricing strategy that dictates that the price of a given item will be set based on the customer's perception of the value of that item is not on the seller's costs.
What is micro static analysis?
Employment The calculations of human input in the production procedure. In the United States, there are two major measures of employment, as determined by the Bureau of Labor
Define the term Entrepreneurship Entrepreneurship : An entrepreneur is an individual who takes risks and organises the factors of production to make a product and therefore
Market demand and supply of a good is shown by QB = 2,160 - 180P and QS = -2400 + 300P where QD, QS and P stand for quantity demanded, quantity supplied and price respectively. (a
implication tructures of various market structures for price determination
Xd(Px)=5000-100Px
Problem: i) What do you meant by the term ‘economic efficiency'? ii) By using appropriate examples differentiate between fixed and variable costs. iii) Consider different
argument against in favour of traditonel theory profit maximisation
#questioSuppose the US and Mexico both produce semiconductors and auto parts and the US has a comparative advantage in semiconductors while Mexico has a comparative advantage in au
significance of income elasticity coefficient
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