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Individual Report

Category: Essay Writing

The recent price wars in the supermarket and mobile phone
industries have been beneficial to both consumers and their
respective industries
.

Discuss c
ritically, using all the recent
theoretical
models
.
Make references to important
microeconomic models
.
Some examples are  Supply
, Demand, Market equilibrium,
Price discrimination, Opportunity cost)
“The cost of mobile pho
nes
have fallen to such a level which, if
this trend continues ,would make mobile telephony more
affordable to
much larger segments of the emerging markets
population

.
Discuss c
ritically, using all the recent
theoretical
models
.
Make references to important macroeconomic
objectives
:
Some examples are Growth
, Inflation, Unemployment,
GDP,
Exchange rates)

a) Identify the nature of resource cost structure and the practical
significance of different costs;
b) Explain the factors influencing optimum size and the significance of
demand and supply relationships;
c) Demonstrate an understanding of the relevance and limitations