ABE s economics study manual

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ABE s economics study manual

abĐDiploma inBusiness AdministrationStudy ManualECONOMICSThe Association of Business ExecutivesWilliam House • 14 Worple Road • Wimbledon • London • S

ABE s economics study manual SW19 4DD • United Kingdom Tel: + 44(0)20 8879 1973 • Fax: +44(0)20 8946 7153E-mail: info@abeuk.com • www.abeuk.com© Copyright RRC Business Training© C

opyright under licence to ABE from RRC Business TrainingAll rights reservedNo part of this publication may be reproduced, stored in a retrieval system ABE s economics study manual

, or transmitted in any form, or by any means, electronic, electrostatic, mechanical, photocopied or otherwIse, without the express permission in writ

ABE s economics study manual

ing from The Association of Business Executives.ABE Diploma in Business AdministrationStudy ManualECONOMICSContentsStudyTitlePageUnitSyllabusI1The Eco

abĐDiploma inBusiness AdministrationStudy ManualECONOMICSThe Association of Business ExecutivesWilliam House • 14 Worple Road • Wimbledon • London • S

ABE s economics study manual me Assumptions Relating to the Market Economy132Consumption and Demand17Utility18Indifference Curves21The Demand Curve32Utility. Price and Consumer Su

rplus363Demand and Revenue39Influences on Demand40Revenue and Revenue Changes44Price Elasticity of Demand51Further Demand Elasticities544Costs of Prod ABE s economics study manual

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abĐDiploma inBusiness AdministrationStudy ManualECONOMICSThe Association of Business ExecutivesWilliam House • 14 Worple Road • Wimbledon • London • S