Category: Economic

Everything about economic issue or related to it. Just my point of view wheter it’s my opinion or based on theory. So Lets Discuss !

Economic Knowledge

Pricing Strategy Monopolistic and Oligopoly

I write a summary of market structure and how it affects the pricing and output strategy on the monopolistic and oligopoly market based on Keat, P., and Phillip Young. 2008. Managerial Economics, 6th edition. Pearson (KY) e-book. Monopolistic competition and oligopoly are considered “imperfect” competition because the company in these markets have the power to […]

Economic Knowledge

Market Structure Pricing and Output Decision

I write a summary of market structure and how it affects the pricing and output decision based on Keat, P., and Phillip Young. 2008. Managerial Economics, 6th edition. Pearson (KY) e-book. The firm needs to establish its price and output levels to achieve its business objective of profit maximization. The pricing and output decision can […]

Economic Knowledge

Cost Analysis for Managerial Decisions

The cost analysis could help managerial level taking decisions-related to gain more profit. The cost structure will affect the pricing strategy and keep the business remain competitive. Understanding the cost calculation as long as the production process either in the short-run or in the long-run makes a cost structure decisions more accurate. I write a […]

Economic Knowledge

DEMAND THEORY AND ELASTICITY

I write a summary about demand theory and elasticity based on Keat, P. and Phillip Young. 2008. Managerial Economics, 6th edition. Pearson (KY) e-book. Demand is one of the most important aspects of managerial economics on the firm since the business would not establish or survive if a sufficient demand for its product or service […]

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