2009-07-15, 11:31 PM
sure is
i belong to some of them- as they are a great way of making some extra cash
they mainly deal with new products and focus groups surrounding making existing products better.
i still have all my notes from AP econ and i still remember -most- of the stuff from that class lol. Basically- in theory, your price should equal a certain aspect of cost (depending on what type of market you are in). So if u wanna know the answer on the econ tests, the price you set your product at should equal your marginal cost (heres where it gets fuzzy lol). So basically, it depends on what type of market you are in and how much competition is in the market.
i belong to some of them- as they are a great way of making some extra cash
they mainly deal with new products and focus groups surrounding making existing products better.
i still have all my notes from AP econ and i still remember -most- of the stuff from that class lol. Basically- in theory, your price should equal a certain aspect of cost (depending on what type of market you are in). So if u wanna know the answer on the econ tests, the price you set your product at should equal your marginal cost (heres where it gets fuzzy lol). So basically, it depends on what type of market you are in and how much competition is in the market.