--%>
Assignment Help - homework help

Factors governing prices and pricing decision

Illustrates the factors governing prices and pricing decision in briefly?

E

Expert

Verified

Price is very significant to the buyer and the seller both. In that connection, this may be noted that within economic theory, two parties must be generally emphasized that is buyers and sellers. However, in practice, as pointed out by Oxenfeldt, exact other parties are also involved within the pricing process, that is Rival seller, middlemen & government and potential rivals. All such parties also exercise their affect in price determination.

Factors governing prices may be divided in internal factors and external factors.

   Related Questions in Managerial Economics

  • Q : Diminishing Marginal Productivity of

    Workers tend to be less productive at the margin like they work along with increasingly huge amounts of: (w) physical capital. (x) personal human capital. (y) technology which makes them narrow specialists. (z) labor from other people on an assembly line.

  • Q : Why is wealth definition of economics

    Why is wealth definition of economics criticized?

    		•
  • Q : Managerial Economics according to

    Illustrates the managerial Economics according to Spencer and Siegleman?

    		•
  • Q : Income effect by personal supply of

    A personal supply of labor is exemplified by an income effect which dominates the substitution effect if: (w) Trina retires to a beach condo after working for the city for 42 years. (x) members of a rock band give up touring for a yea

    		•
  • Q : HW Hello, Would you please find a small

    Hello, Would you please find a small case study in managerial economics. please I don't want the typical solution because the prof have it. thanks

    		•
  • Q : Cost concept of business operation and

    Categories the cost concept of business operation and decision making?

    		•
  • Q : Differentiate between individual and

    Differentiate between individual demand schedule and Market demand schedule in law of demand?

    		•
  • Q : Categorized the Positive income

    Categorized the Positive income Elasticity?

    		•
  • Q : Maximizes profit by hiring labor A firm

    A firm maximizes profit through hiring labor at the point where labor’s: (1) marginal physical product equals its average physical product. (2) marginal revenue product equals its marginal resource cost. (3) rate of exploitation is greatest. (4)

    		•
  • Q : Labor Productivity Where diminishing

    Where diminishing returns overwhelm gains through the division of specialized labor, when there is an inflection point on the total revenue curve derived by a total output curve, and by the vantage point of a purely competitive firm h

    		•