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Managerial Econ

In: Business and Management

Submitted By michi1234
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MANAGERIAL ECONOMICS 50% final exam, 30% homerwork (group), 20% class participation.
2-NOV

Network effect doesn’t have effect on prices. The popular bar will be full for 40 shekels and the not so popular bar also charges 40 shekels.

Free trade area: Countries that eliminate taxes in between and allows trading all the products freely.
Markets change over time as technology changes
WHATS THE BIGGEST PUZZLE IN YOUR INDUSTRY RIGHT NOW? eyoeli@gmail.com * Why do they charge more money for more escalas as to one or two. * Why people are focusing more on apps building directly to consumers than to companies?

Demand, Supply, and Equilibrium:

Supply-Demand Model or Competitive model is used to analyze a sigle market

The demand is related consumer behavior to price
Equilibrium, point were supply and demand interact. Price and quantity.

The model is also competitive because is a large number of small competitors and buyiers. Price takers, who are to small to alterate the market.
5 and more firms is a perfect competitive.
The demand of the curve comes from the Tastes, Availabity of Competing Products, The weather, etc.
When you change the PRICE, the points move IN THE CURVE. (If the Q changes by the produces also it moves over the curve)
When you change the DEMAND (weather or the taste, income, competition products) THE WHOLE CURVE MOVES! Elasticity: To describe how responsve consumers are to changes in price. The more ELASTIC hey are, the more they respond. * Timing: Hay la posibilidad de suplementos. Se divide in short and long run. * Available alternatives * Durabilidad: Cuanto me dura un producto
Network Effect: Costo marginal de tener un bien o servicio.
SUPPLY
Cost of inputs, Technolgy, Talent
La oferta normalmente es perfectamente elastic, hasta que tengas problemas con el personal preparado que puedas contar o con

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