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Economics 3.05

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Economics
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Microeconomics
Marginal concepts
Pricing
marketing
economics
Marginal cost
Economic graph
Nike, Inc.
Shoe
Price
Marginal revenue
Attachment theory

What product market did you choose for this data to represent? Explain why. I chose Nike Free Runs because they can reach pretty high prices are a popular type of shoes. At which price and quantity does marginal cost nearly equal marginal revenue without exceeding it? Highlight this point on your graph. Between a quantity of 5 & 6 pairs of shoes at $160. If you were in business for this product, at which price and quantity level would you sell? Explain why. I would sell the shoes for $160 and a quantity of 5 pairs because it?s when I can maximize my profit.
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Krugman AP Macro Economics Chapter 8

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Economics
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Pricing
economics
Business
marketing
Price ceiling
Price floor
Economic shortage
Economic equilibrium
Supply and demand
Price controls
Economic surplus
Price
behavior
Human development
Computing
Computer file formats
Electronic documents
Interpersonal relationships
Psychoanalysis
Human behavior
Portable Document Format
Attachment theory
Technology

?? Chapter 8: Supply and Demand: Price Controls (Ceilings and Floors) Price controls: legal restrictions on how high or low a market price may go, government action in economy price ceiling: a maximum price sellers are allowed to charge for a good or service price floor: a minimum price buyers are required to pay for a good or service. Assumption: the markets in question are efficient before price controls are imposed price controls in inefficient markets don?t necessarily cause problems and can potentially move the market closer to efficiency Price Ceilings ? Push Prices down Price Ceiling: suppliers have less incentive to offer apartments less of a good are produced Consumer have higher demand shortage of good

Human Geo Chp. 13

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Human Geography
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Human Geography
Regional science
Urban economics
Central place theory
Urban geography
Urban studies and planning
Business
marketing
Convenience store
Service
Science

Isaiah Bennett p.1 4/29/13 Ch. 12 K.I 3 I Central Place Theory Central Place theory Helps to explain how the most profitable location can be idfentified Central Place Is a market center for the exchange of goods and services by people attracted from the surrounding area Central places compete against each other to serve as markets for goods and services for the surrounding region b. Market Area of a Service Market area or Hinterland The area surrounding a service from which customers are attracted A market area is good example of a nodal region The closer to the periphery of the circle, the greater is the percentage of the circle, the greater is the percentage of consumers who will choose to obtain services from other nodes c. Size of Market Area

AP Economics Chapter 7 Notes

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Economics
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economics
Pricing
demand
Consumer theory
Microeconomics
marketing
Supply and demand
Monopoly
Demand curve
Economic equilibrium
Price ceiling
supply

Chapter 7 Notes Sect 1 Idea of demand centers on people being both willing and able to pay for a product or service In a market economy, consumers collectively have a great deal of influence on the prices of all goods and services. Demand: The amount of a good or service that consumers are able and willing to buy at various possible prices during a specified time period. Supply: The amount of a good or service that producers are able and willing to sell at various prices during a specified time period Market: The process of freely exchanging goods and services between buyers and sellers. A market for a particular item or service can be local, national, international, or a combination of these

Integrated Marketing Campaign Notes

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Business
campaign
marketing
IMC
integrated

MKTG 470: Quiz Review Reading One IMC The root problem that ?marketing? tries to solve AKA: to solve the lack of marker-buyer closeness IMC History 1930s & 40s: ?marketing efforts? was formalized inside many consumer product organizations so as to formalize internal approaches to 1950s: these efforts then came to be known as the 4Ps Sustained the ever-changing mkt place 1970s, 80s & 90s: mkt place moving from: maker-buyer to: buyer-seller Much more diffusion of info due to things such as the internet and www BUT Buyers have even further grown apart from their sellers NEED FOR IMC Beginning: goal was to integrate all the communication efforts a firm was sending out to prospective buyers
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