Mgt330

How People Make Economic Decisions
David Livingston
ECO/212 Principles of Economics
University of Phoenix
November 29, 2010
Greg Czarnecki

umpteen people make economic determinations solely by how oftentimes the consumable good(s) will cost. The focal decision-making factor will constitute of what price consumers atomic number 18 willing to pay for the goods or services. through with(predicate) individual decision-making people respond to supply and demands for their needs and indigences, in m whatsoever cases businesses and the government will make a net decision on what and how many goods ar to be sold, and at what prices the consumer will pay. In this paper I will implement an example of a decision in which fringy benefits versus marginal costs are associated and how the marginal benefits and marginal costs are relative in the decision-making process. I will also look for if incentives would have led me to make a dissimilar decision and I will explore how the principles of economics influence consumer decision-making, interaction, and the working of the economy.
My field of expertise is in commercial/retail rake management. Consumers come eager to purchase tires for many reasons such as low or bad tread wear, flats, and the never-ending seasonal changes.



My job as a manager is to provide a service of selling and installing customers tires for a price. Many customers ask What kind of tires would be best for my car, and he or she wants the best price. The answer to the customers question would be, how far does the customer drive on a monthly basis, is the customer face for good, better, or best in tires and does the customer have any preference in manufacturers. The customers response to my questions would leaping me an idea of the type of mileage rating the customer would gather up; the type of money the customer is looking to spend, and the right make tire that falls into the customers price range. For instance, Michelin and Bridgestone are top tier tires, so they would be in the...If you want to get a full essay, order it on our website: Orderessay



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