decision to invest in wendy’s restaurants
DESCRIPTION
Decision to invest in Wendy’s RestaurantsTRANSCRIPT
CASE STUDY
Subject: Micro Economics
Topic
Decision to invest in Wendy’s Restaurants
DEMAND
It refers to the quantity of a good or service that consumers are willing and able to purchase at various
prices during a period of time.Demand is something more than desire to purchase.
PRODUCTION AND COST
In simple terms production means creation of utility. It is the outcome of the combined activity of the four factors of production i.e., land, labour, capital, and organisation.
Cost analysis refers to the study of behaviour of cost in relation to one or more production criteria, namely, size of output, scale of operations, prices of factors of production
and other relevant economic variables.
PRICE
Prices of goods express their exchange value. These are also used for expressing the value of various
service rendered by different factors of production such as land, labour, capital, and organisation. These
values respectively are rent, wages, interest and profit.
THANKS
For being with me.
: Aanchal