What do you understand by products differentiation, Business Economics

Assignment Help:

Question 1:

Write short notes on any FOUR of the following: (equal marks each)

(a) Law of diminishing returns
(b) Barriers to entry
(c) Consumption Function
(d) Devaluation
(e) Multiplier Effect
(f) Phillips Curve

Question 2:

(a) Giving examples, explain what do you understand by products differentiation?

(b) Discuss the output and price determination of a firm in the short run and long run concerned with differentiated products.

Question 3:

(a) Explain why a firm involved in the steel industry may not opt for a ‘price war' at least in the short run.

(b) Discuss why a member-firm of a cartel is prompted to cheat in the long- run.


Related Discussions:- What do you understand by products differentiation

Important to the success, Brand names can be important to the success of a ...

Brand names can be important to the success of a firm in some industries. Consider industries that demonstrate monopoly, monopolistic competition, oligopoly, and perfect competitio

Explain the term balance of payments, QUESTION (a) Explain the term Bal...

QUESTION (a) Explain the term Balance of Payments (BOP) and how a government would intervene to correct a BOP deficit. (b) Explain the protectionist measures that a governme

Hypothetical demand curve for hybrid vehicles, Equation (1) gives a hypothe...

Equation (1) gives a hypothetical demand curve for hybrid vehicles in the United States during the year 2000, where Q is the quantity demanded and P is the price.  Equation (2) giv

Define the process of setting objectives, Define the process of setting obj...

Define the process of setting objectives. What might be objectives for a newly appointed junior programmer? A hierarchy of objectives cascades down through the overall intend o

Calculate the beta for corporation, 1.) Calculate the beta for your corpora...

1.) Calculate the beta for your corporation.  First you need to calculate the monthly return for your corporation for the recent 60-month period (use April 2006 through March 2011)

Macro economics, There are three firms in an economy: A, B, and C. Firm A b...

There are three firms in an economy: A, B, and C. Firm A buys $450 worth of goods from firm B and $260 worth of goods from firm C, and produces 260 units of output, which it sells

Standard deviation of the sample of interest rates, The following data show...

The following data show the interest rates on 4 randomly chosen personal loans (in percents): 6.1, 5.7, 11.1, 9. Calculate the standard deviation of the sample of interest rates. (

What is logistics networking, Foundations in Business and Commerce 1. ...

Foundations in Business and Commerce 1. What is logistics networking? 2. Write a short note on ethics in retailing. 3. What is the concept of insurance? 4. Describ

Methods of sustaining a competitive advantage, The framework for the assign...

The framework for the assignment should be relevant to the websites you have chosen and should consider one or two of the following: Segmentation methods to meet the needs of

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd