In this assignment, we delve into the fundamental principles of supply and demand. Explore how these forces interact to determine equilibrium prices and quantities in the market. Discuss real-world examples of how businesses respond to shifts in supply and demand, showcasing their adaptability in dynamic economic environments

This assignment takes you into the realm of cost analysis and production theory. Investigate concepts such as fixed and variable costs, economies of scale, and production functions. Illustrate how businesses optimize their production processes to minimize costs and maximize output efficiency.