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 Pdf: