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APA
Subject:
Management
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Coursework
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English (U.S.)
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WK2 DISCUSSION. Managerial Economics. Management Coursework

Coursework Instructions:

ANSWER THE FOLLOWING QUISTON? Use you textbook as a reference: Samuelson, W.F., & Marks, S.G. (2015). Managerial economics (8th ed.). Hoboken, NJ: Wiley.

1. Why is the distinction between a movement along the demand curve and a shift in demand important?
2. What do you think are the managerial implications?
Discuss your rationale.

Coursework Sample Content Preview:

Managerial Economics
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Part 1
On a small scale, it is important to distinguish between a movement along the demand curve and a shift in demand because it helps companies evaluate their market performance and conduct consumer demand analysis. When a product’s price is increased or decreased, a movement along the demand curve can be observed and this allows firms to know when and how they should increase or decrease their product prices to stay in the competition for long (Samuelson & Marks, 2015, p. 65). On a large scale, the bottom line of any company lies in achieving the highest profitability. If the demand for its products or services is increased, then eventually the company’s profit will also increase. Thus, we can say that the distinction between a movement along the demand curve and a shift in demand is vital for the company to ...
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