목차
Executive summary 2
Introduction 4
1. SectionA…...……..………………………………………………………………………..5
1.1 Question 1
1.1.1 Market failure 5
1.2 Question 2
1.2.1 Equilibrium price 7
1.2.2 Consumer surplus…………………………………………………......……………7
1.2.3 Producer surplus………………………………………………………..…………..8
1.2.4 Reason of incresing demand…………………………..........……………......…….8
1.2.5 Reason of decresing supply………………………….......………………...………8
1.3 Question 3
1.3.1 Substitute…...………………………………………..…………………………….9
1.3.2 Supply and demand diagram……………………………………………...………..9
1.3.3 Government intervention………………......……….......…………………………10
1.4 Question 4
1.4.1 Price discrimination………..………………………….......………………………10
1.5 Question 5
1.5.1 Government regulations…………………………………...……………….......…12
2. Section B…………………………..…………………………………………….……...13
2.1 Question 1
2.1.1 Average cost, Marginal cost, total revenue, marginal revenue 13
2.1.2 Demand curve………………………………………………………………….....14
2.1.3 Profit maximization…………………………………………………….....……...14
2.1.4 Economic profit………………………………………………………….....…….15
2.2 Question 2
2.2.1 Market and individual pretzel 16
2.2.2 Long-run competitive equilibrium……………………………………………..…16
2.2.3 Government intervention of long-run competitive equilibrium……………..…....19
Conclusion 18
Reference 19
Introduction 4
1. SectionA…...……..………………………………………………………………………..5
1.1 Question 1
1.1.1 Market failure 5
1.2 Question 2
1.2.1 Equilibrium price 7
1.2.2 Consumer surplus…………………………………………………......……………7
1.2.3 Producer surplus………………………………………………………..…………..8
1.2.4 Reason of incresing demand…………………………..........……………......…….8
1.2.5 Reason of decresing supply………………………….......………………...………8
1.3 Question 3
1.3.1 Substitute…...………………………………………..…………………………….9
1.3.2 Supply and demand diagram……………………………………………...………..9
1.3.3 Government intervention………………......……….......…………………………10
1.4 Question 4
1.4.1 Price discrimination………..………………………….......………………………10
1.5 Question 5
1.5.1 Government regulations…………………………………...……………….......…12
2. Section B…………………………..…………………………………………….……...13
2.1 Question 1
2.1.1 Average cost, Marginal cost, total revenue, marginal revenue 13
2.1.2 Demand curve………………………………………………………………….....14
2.1.3 Profit maximization…………………………………………………….....……...14
2.1.4 Economic profit………………………………………………………….....…….15
2.2 Question 2
2.2.1 Market and individual pretzel 16
2.2.2 Long-run competitive equilibrium……………………………………………..…16
2.2.3 Government intervention of long-run competitive equilibrium……………..…....19
Conclusion 18
Reference 19
본문내용
Executive summary
This report provides the overall managerial economics system. The first, I discuss the market failure. When a transaction occurs, a curve of supply and demand is created and the point of the meeting is the equilibrium price. The fact that a transaction has occurred in itself creates a situation which benefits both the consumer and the supplier, and the consumer generate a consumer surplus. As such, the supplier also has a surplus of suppliers. I look at the general principles of supply and demand. The report also looks at the impact of government regulations on products. It also discuss what price discrimination companies are trying to maximize profits. Finally, the principles on which companies can determine prices and make the best profits will be explained by calculations and graphs.
It is important to break into a capitalist society and weigh the gains and losses. This report will enable us to understand the complementary relationship between consumers and producers.
This report provides the overall managerial economics system. The first, I discuss the market failure. When a transaction occurs, a curve of supply and demand is created and the point of the meeting is the equilibrium price. The fact that a transaction has occurred in itself creates a situation which benefits both the consumer and the supplier, and the consumer generate a consumer surplus. As such, the supplier also has a surplus of suppliers. I look at the general principles of supply and demand. The report also looks at the impact of government regulations on products. It also discuss what price discrimination companies are trying to maximize profits. Finally, the principles on which companies can determine prices and make the best profits will be explained by calculations and graphs.
It is important to break into a capitalist society and weigh the gains and losses. This report will enable us to understand the complementary relationship between consumers and producers.
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