Saturday, August 25, 2018

Everyday Economics

1) Law of demand: To analyst ,indian industry will be able to take advantage through offering products at low prices.

2) Diminishing marginal utility: threatre artists /performers performing in multiple cities /events.

3) Utility:we often see keen interest especially among young men and women
To participate in fashion show.

4) Opportunity cost: location A offers 750 net benefits unit , location B offers 900 Nef benefits units & location c offers 850 net benefit units.

5) People face trade off: some retail outlets offer diverse assortment  of brands both depth and breadth whereas many others carry few products in their assortment

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