Essay Cove

Essay Cove

Evaluate the concepts of supply
and demand to identify and determine the impact of changes in market
conditions in the short-run and long-run and identify the economic
impact on a company’s operations.
Analyze
production and cost – the fundamental blocks on the supply side of the
market – in the short and long-run. Use short run and long run firm
production and cost functions to analyze and understand the behavior and
strategy of individual firms and industries.
-Select an article from the news of the past week that illustrates one or
two of the concepts that are discussed in chapters 1 and 2. In a paper
of two pages ( briefly summarize the article and discuss the underlying economic
concept(s) of the article.
-Managerial Economics, 7th Edition
Keat, Young and Erfle
ISBN: 9780133020267

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