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Hi guys, im stuck on two 25 mark questions and was hoping someone could shed some light to get me started
"Evaluate, using appropriate diagram(s), the usefulness of price elasticity of demand to a firm" [25]
"Evaluate the implications of variations un unit labour costs and labour productivity between fims" [25]
Just a little plan would be more than enough
Appreciate the help
"Evaluate, using appropriate diagram(s), the usefulness of price elasticity of demand to a firm" [25]
"Evaluate the implications of variations un unit labour costs and labour productivity between fims" [25]
Just a little plan would be more than enough
Appreciate the help
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#2
(Original post by Junaid12)
Hi guys, im stuck on two 25 mark questions and was hoping someone could shed some light to get me started
"Evaluate, using appropriate diagram(s), the usefulness of price elasticity of demand to a firm" [25]
"Evaluate the implications of variations un unit labour costs and labour productivity between fims" [25]
Just a little plan would be more than enough
Appreciate the help
Hi guys, im stuck on two 25 mark questions and was hoping someone could shed some light to get me started
"Evaluate, using appropriate diagram(s), the usefulness of price elasticity of demand to a firm" [25]
"Evaluate the implications of variations un unit labour costs and labour productivity between fims" [25]
Just a little plan would be more than enough
Appreciate the help
0
reply
Report
#3
(Original post by Junaid12)
Hi guys, im stuck on two 25 mark questions and was hoping someone could shed some light to get me started
"Evaluate, using appropriate diagram(s), the usefulness of price elasticity of demand to a firm" [25]
"Evaluate the implications of variations un unit labour costs and labour productivity between fims" [25]
Just a little plan would be more than enough
Appreciate the help
Hi guys, im stuck on two 25 mark questions and was hoping someone could shed some light to get me started
"Evaluate, using appropriate diagram(s), the usefulness of price elasticity of demand to a firm" [25]
"Evaluate the implications of variations un unit labour costs and labour productivity between fims" [25]
Just a little plan would be more than enough
Appreciate the help
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#4
1st question is really asking you to express your knowledge of price discrimination, which requires perfect information of elasticity's of demand. Removal of consumer surplus, ability to maximise profits, and so on.Eval. points are that its hard to calculate and expensive to gather information, and that the market structure may not allow price discrimination. Eg, a monopoly power CAN discriminate, however a firm in perfect cannot, so what use is PED?
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