Role of Economics in Business

Verified

Added on 2022/10/12

|11

|2112

|196

AI Summary

This article discusses the role of economics in business through key topics such as consumer indifference curve, marginal rate of substitution, consumer’s budget constraints, diminishing marginal utility, income and substitution effects, and behavioural economics. It also evaluates the irrational behaviour of consumers and its negative impact on businesses.

Contribute Materials

Your contribution can guide someone’s learning journey. Share your documents today.

Loading PDF…

+13062052269

info@desklib.com

Role of Economics in Business

Contribute Materials

Related Documents

Microeconomics: Indifference Curve, Marginal Rate of Substitution, Budget Constraint, Diminishing Marginal Utility, Income and Substitution Effects, Behavioral Economics

Economics: Indifference Curve, Marginal Rate of Substitution, Budget Constraints, Diminishing Marginal Utility, Income and Substitution Effects, Behavioural Economics

(PDF) Irrationality in consumer behavior

Consumer's Indifference Curve, Marginal Rate of Substitution, Consumer's Budget Constraints, Diminishing Marginal Utility, Income and Substitution Effects

Production of Goods and Services (PDF)

MN2565 Economics for Business Report