Tag: Long-run

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

Market Equilibrium

To understand the market equilibrium concept, we need to learn the demand and supply as the conceptual framework. These two components can describe how the market equilibrium formed. The first is the demand which is the quantities (Q) of the good or service that consumer willing to buy as their reference and their capability refers […]

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