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Sunday, April 14, 2013

Microeconomics         There are examples of the use of economics everyday,

Microeconomics         There argon examples of the use of economics everyday, in movies, and TV shows. In the movie Tommy Boy there are umpteen a nonher(prenominal) examples of supply and demand and elasticity.

        In the movie Tommy Boy the of import character Tommy has been sent out to shift brake pads to accompaniment the factory running. Tommy and his partner Richard go all around the body politic to try to sell brake pads, but the encounter many problems along the way. After they think they have received comme il faut buyers for their brake pads a persons inside the company destroys the account tuition losing all records of the buyers that Tommy and Richard have made. While Tommy and Richard are out try to sell brake pads to save the factory his brother in law tries to sell the company to a much large company for a larger profit. Tommy finds out that the brother is nerve-wracking to sell the company and takes a plan to New York where the half-brother and the CEO of the larger company are meeting and red ink to sign the papers for the company. When Tommy arrives, he finds out that his stepbrother is not legally his stepbrother so he cannot sell the company.

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Tommy then(prenominal) breaks into the meeting and tricks the CEO of the bigger company into half a million brake pads and then tells him that his brother is not rightfully his brother and takes back and saves the company.

        In the movie there are many examples of economics at work. The company has a meek demand for brake pads affecting the supply. When Tommy and Richard have to go sell pads they make grow buyers to raise the demand and increase the supply. As they acquire buyers for their brake pads they have to take offers they would not...

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