1. REVENUE 2. In This Lecture… Concepts of Revenue: Total, Average and Marginal Revenues TR, AR and MR in Perfect Competition and Imperfect Competitions Concepts…
1.1 Principles of Economics PartⅡ How markets works Chapter5 Elasticity and Its Application 2010/3/28(Sun) 2. 2 Index Ø 1 The elasticity of demand Ø 2…
Slide 1 UNIT 5: FACTOR MARKETS Why does a coach get paid $6 million? Slide 2 1. Define derived demand 2. Define & graph Demand for Labor (D L ) & Supply for Labor…
Slide 1 The Labor Market 1 Slide 2 Resource Demand Example 1: If there was a significant increase in the demand for pizza, how would this affect the demand for cheese? Cows?…
PowerPoint Presentation Welcome Building Business Acumen 1 How much do you know about Epsilon and ADS Corporation’s Key Success Measures? (or Key Performance Indicators…
* Chapter 11: Pricing Price: the assignment of value, or the amount the consumer must exchange to receive the offering Money, goods, services, favors, votes, or anything…