Microeconomics Principles: Analysis of Apple's PPF, Demand and Supply, Market Equilibrium, Inelastic Demand, Utility and Budget Line

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ECONOMICS ASSIGNMENT
MICROECONOMICS PRINCIPLES

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Table of contents
Introduction................................................................................................................................3
2.0 Analysis................................................................................................................................3
2.1 Analysis 1- Topic- PPF and opportunity costs.................................................................4
2.2 Analysis 2- Topic- Demand and supply...........................................................................5
2.3 Analysis 3- Topic- Market equilibrium............................................................................6
2.4 Analysis 4 – Topic- Inelastic demand and increased total revenue..................................7
2.5 Analysis 5- Topic- Utility and budget line.......................................................................8
2.5 Analysis 5- Topic- Utility and budget line.......................................................................8
3.0 Conclusions......................................................................................................................9
Reference..................................................................................................................................10

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Introduction
Macroeconomics is a branch of economics that deals with the behaviours of sellers and the
buyers of the market at entity specific level. Contrary to the scope of macroeconomics, it
does not consider all the sectors and patrons of the economy as a whole. There are a number
of sub-topics of microeconomics which allows the reader to understand the behaviours of the
economic entity in a more detailed way. These include PPF of the producers, demand supply,
market equilibrium, and elasticity of demand and the utility of the customers of the market.
The aim of the paper is to analyse all these topic of microeconomics taking the case study of
Apple, the leader in the modern digital gadget industry.
2.0 Analysis