Productivity and Costs - Can you please give me an example of a company that has made a strategic decision based on productivity and costs. Can you also explain to me how to incorporate the law of diminishing marginal productivity and the relationship between productivity and cost in relation to the organization?

Price elasticity of demand - I am having difficulty understanding the concept of the price elasticity of demand in regards to a product. I would choose the example medical supplies. Would the price elasticity of demand for this product price elastic or price inelastic? Also what would the impact on revenues generated from sales of this good or service if my organization raised the price of the pro...

Supply and Demand - Can you please explain some advantages and limitations of supply and demand?

What is the relationship between average and marginal productivity? - Can you tell me what is the relationship between average and marginal productivity?

Productivity and Costs - Can you please give me an example of a company that has made a strategic decision based on productivity and costs. Can you also explain to me how to incorporate the law of diminishing marginal productivity and the relationship between productivity and cost in relation to the organization?