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Essay

Economics I

Essay specific features

 

Issue:

Business

 

Written by:

Wanda M

 

Date added:

December 3, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1212

 

Was viewed:

3891 times

 

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Essay content:

This led me to determine that the market demand forecast would be between $50K and $100K per unit considering all six companies. Upon selecting the total number of units seven and the other companies populated with lesser units I determined that I would receive the larger market share overall. My production costs per unit is $25K x 7 units = $175K, the total number of units sold 7 multiplied by the Market demand price $50K = $350K...
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Based on the $350K - $175K = $175K profit over my operating costs. In discussing the relationship between demand and pricing to the units supplied provides a direct relationship to the cost of supply and demand. This law states a direct relationship of quality demanded of the merchandise and price per unit...
displayed 300 characters

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