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Managerial Economics - Essay Example

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Managerial economics refers to a field of study that utilizes micro economics concepts in making managerial decision. Additionally, managerial economics utilize the concepts of supply and demand in making analysis of consumers and suppliers behaviours as they interact with each…
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Download file to see previous pages ple in 1977 approximate 48 computers were exported by computer manufacturing firms into various destination, while in 2001, one hundred and twenty five million computers were shipped. In the year 2002, the computer usage increased by a figure of five hindered million (Cetnews, 2002). According to data report on Bloomberg by Ricadela, 2013, the shipment of computers decline globally by 14 percent. However, this trend has changed over the recent times. Research data indicates that approximate one billion personal computers were shipped globally between 2001 and 2002. Whereby, out of those computer70 percent were meant to be utilized in business while twenty five percent were to be used in homes for personal use. Additionally, out of all those computers shipped between these periods, approximate 82 percent were desk top while sixteen percent were laptops (Cetnews, 2002). The table below indicates the year and the computer the numbers of computer shipment. Year Numbers of Personal computer shipments 1977 48000 2000 125,000,000 2002 500,000,000 Source: (Cetnews, 2002) It can be scrutinized that computers shipment has been increasing as types elapse. This is because computer manufactures have came up with creative and innovative techniques of manufacturing different brands of computer that not only meat market demand but also meat the needs of different users ranging from personal use, business use, corporate uses among other applications (Displaysearch,2008). The table below displays various percentages of computer brands shipped into various destinations. Source: Jeremy Reimer, 2009 Computer Brands % of Computer shipment Dell 2.8% HP 5.8% Kohjinsha 1% Acer 38.3% Medion 3% Asus 30.3% Intel 1% MSI 5.7% Lenovo 0.7% Toshiba 0.5% Source: (Displaysearch, 2008) Therefore,...
Managerial economics provides managers with efficient tool understand and techniques for making managerial decisions. The interaction of consumers and producers can be easily understood via managerial economics berceuse it integrate the aspects of micro and macro economics when making analysis of factors that causes changes in demand and supply of commodities. Therefore, it can be scrutinized that numerous factors contributed to an increase in demand for computer in a free market. Whereby, a free market involves a market that is free from government intervention. Commodity prices in this market are determined by market forces (demand and supply). A decrease in computer prices led to a decrease in demand because more suppliers are willing to supply computers at higher prices in order to make higher returns. Additionally, computer prices were falling despite higher returns because of some factors affecting demand such as availability of substitutes, increase in number of computer suppliers to mention just but a few.
However, this may not always be the case because some shift factors may have an impacted on demand and supply of computers. Additionally, graphs and data have been utilized to analyze the reason why computers prices remained low despite having a higher demand. Some shift factors were found to cause computer prices to fall despite having a higher demand. Among the factors include; technological changes, availability of substitutes, decline in cost of manufacturing computers. ...Download file to see next pagesRead More
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