By adding up all the units of a good that consumers are willing to buy at any given price, we can describe a marketdemand curve, which is always sloping downward, like the one shown in the chart below. Each point on the curve (A, B, C) reflects the quantity demanded (Q) at a gi...
Furthermore, as a company's scope increases, it may have to distribute its goods and services in more dispersed areas. This can increase average costs, resulting in diseconomies of scale. Some efficiencies and inefficiencies are location-specific. If a company has many plants throughout the count...
In forex, it would be just as foolish to buy or sell 1 euro, so they usually come in “lots” of1,000 unitsof currency (micro lot),10,000 units(mini lot), or100,000 units(standard lot) depending on your broker and the type of account you have (more on “lots” later). Margin...
There are some limitations to the law of diminishing marginal utility when it comes to making business decisions. It won't operate properly or may not even apply if: The units being consumed are very small. The units being consumed are of different sizes. There are long breaks in between co...
Furthermore, as a company's scope increases, it may have to distribute its goods and services in more dispersed areas. This can increase average costs, resulting in diseconomies of scale. Some efficiencies and inefficiencies are location-specific. If a company has many plants throughout the count...