Hi, need to submit a 1250 words paper on the topic Applying Microeconomics to Business.

Hi, need to submit a 1250 words paper on the topic Applying Microeconomics to Business. on, Tisdell and Hartley (2001) states that businesses managers could take advantage of knowledge of government microeconomic policy as well as its economic impacts in a number of ways. For instance Tisdell and Hartley (2001) explains that they apply it to project how the economic situation of their businesses or the industry may change as a consequence of a change in the microeconomic policy, for example with removal or cuts in tariffs or subsidies previous enacted to protect the industry.Secondly, a lot of countries have regulation prohibiting certain trade practices. In particular situations, governments may prohibit mergers of firms or acquisitions of companies supposing they could reduce competition within an industry to considerable levels, or lead to monopoly. Thus, it is essential for business managers to be aware of these laws and regulations and this requires that they understand microeconomic concepts (Tisdell and Hartley, 2001). It is also beneficial for business managers to understand economic arguments and concepts that might be used as a counter argument for a business merger or acquisition if the government opposes it.Certainly, there are several other areas of government economic policy that require business managers to have a good understanding of microeconomics. These areas include economic concept of science and technology, specifically the economics of intellectual property laws. As Kahneman and Tversky (2000) explains intellectual property rights entail patents, copyrights and plant variety rights and trade marks. Mumbo adds that public policies to control and exploitation of environment and natural resources have recently become more widespread ad these normally have an economic justification. Microeconomic effects of industrial relations policies, international business, investment polices and public finance aspects usually have a critical consequence for the economic performance of a business.

Don't use plagiarized sources. Get Your Custom Essay on
Hi, need to submit a 1250 words paper on the topic Applying Microeconomics to Business.
Just from $10/Page
Order Essay

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 30% with the discount code ESSAYSHELP