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