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Assignment on Managerial Economics Studies

10 Pages1048 Words444 Views
   

abu dhabi school of management

   

Added on  2020-04-21

Assignment on Managerial Economics Studies

   

abu dhabi school of management

   Added on 2020-04-21

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Running Head: MANAGERIAL ECONOMICS Managerial EconomicsName of the StudentName of the UniversityAuthor note
Assignment on Managerial Economics Studies_1
1MANAGERIAL ECONOMICSTable of ContentsAnswer 1..........................................................................................................................................2Introduction..................................................................................................................................2Graphs..........................................................................................................................................2Discussion....................................................................................................................................3Conclusion...................................................................................................................................4Answer 2..........................................................................................................................................4Introduction..................................................................................................................................4Graphs..........................................................................................................................................5Discussion....................................................................................................................................6Conclusion...................................................................................................................................7Answer 3..........................................................................................................................................7Introduction..................................................................................................................................7Graphs..........................................................................................................................................7Discussion....................................................................................................................................8Conclusion...................................................................................................................................8References........................................................................................................................................9
Assignment on Managerial Economics Studies_2
2MANAGERIAL ECONOMICSAnswer 1Introduction The transaction of goods and services in a market takes place for two simple facts. One isthat it is not possible to produce everything which is consumed. Moreover specialization on aparticular good enhances efficiency and help to produce a larger amount of specialized goods. Inthe market the equilibrium price and output of the good is determined by the intersection of theforces of demand and supply. Any change in either demand or supply causes change in reactionof buyers and sellers and causes a change in the equilibrium position. Graphs Figure 1: Equilibrium with demand and supply (Source: as created by Author)
Assignment on Managerial Economics Studies_3

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