Divya Cpt 1

I need to answer the questions in the attached document.

Each answer in 4 sentences.

Concepts for this week

The material and assessments for this week will assist you in understanding the following concepts:

  • How differing subjective consumer values create demand curves.
  • Marginal analysis of pricing.
  • How price elasticity, total revenue and marginal revenue are related.
  • What makes demand more elastic.
  • Forecasting demand using elasticity
  • Stay-even analysis, pricing, and elasticity
  • Cost-based pricing
  • Increasing marginal cost and the law of diminishing returns
  • Economies of scale
  • Economies of scope
  • Diseconomies of scope

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