Unit V: Product Pricing - Applied Economics

Unit V: Product Pricing - Applied Economics

The price of a product is influenced by a number of factors, such as manufacturing cost, competition, market conditions, and quality of the product.

An organization, while setting the prices of its products, needs to ensure that prices must cover costs incurred for producing products and profit margins.

If the price of a product does not cover costs, then the financial resources of the organization would exhaust, which would ultimately result in the failure of business.

Product Pricing - Applied Economics

In this “Product Pricing - Applied Economics” you will learn about following topics:

  1. Introduction to Product Pricing
  2. Concept of Product Pricing
  3. Types of Pricing Objectives
  4. Profit-Oriented Objectives
  5. Sales-Oriented Objectives
  6. Status Quo-Oriented Objectives
  7. Concept of Market Equilibrium
  8. Concept of Firm’s Equilibrium
  9. Price and Output Determination of a Firm under Perfect Competition
  10. Price and Output Determination of a Firm under Monopoly
  11. Total Revenue and Total Cost Approach
  12. Marginal Revenue and Marginal Cost Approach
  13. Short-Run Equilibrium of Firm
  14. Long-Run Equilibrium of Firm
  15. Short-Run Equilibrium of Industry and The firm under Perfect Competition
  16. Long-Run Equilibrium of Firm and Industry under Perfect Competition Market
  17. Effect of Tax upon Market Equilibrium and Price
  18. Effect of Subsidy upon Market Equilibrium and Price
  19. Linear Programming
  20. Cost-Benefit Analysis (CBA)


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BCA 6th Semester Applied Economics Notes:

Unit I: Introduction Of Economics - Applied Economics

Unit II: Theory Of Consumer Demand - Applied Economics

Unit III: Analysis Of Cost And Revenue - Applied Economics

Unit IV: Theory Of Production - Applied Economics

Unit VI: Factor Pricing - Applied Economics

Unit VII: National Income - Applied Economics

Unit VIII: Theory Of Employment - Applied Economics

Unit IX: Consumption Saving And Investment Functions - Applied Economics

Unit X: Business Cycle - Applied Economics

Unit XI: The Mechanism Of Foreign Exchange - Applied Economics

Unit XII: Macro Stabilizing Policies - Applied Economics

Unit XIII: Economics Of Development - Applied Economics


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