Q: How do you calculate the revenue of a firm that produces only one good?
A: ANS TR is the value of the total number of goods sold by a firm in monetary terms. It is the product…
Q: EXPLAIN BEHAVIOUR OF COMPITATIVE FIRM WITH THE HELP OF PROPHET MAXIMIZATION
A: Answer: If we ignore the market conditions, Profit maximization output occurs at a point where…
Q: Sarah's profit-maximizing amount of output is sandwiches/day.
A: The condition for profit maximizing level of output in monopolistic competitive market is at where:-…
Q: Costs and Revenue MC ATC AVC Quantity Discuss the firm plotted on the figure. What type of firm do…
A: Under a perfectly competitive market, firms sell goods that are identical. There are a large number…
Q: (d) Find the profit maximizing price. (e) Find the profit maximizing quantity. (f) Find the profit…
A: A firm will maximise profit at a point where marginal revenue is equal to marginal cost. Total…
Q: The, competitive firm maximizes its profit by operating where:
A: Under perfect competition, individual firms have no control over price. Therefore, the firm’s…
Q: Pick two stages in the household life cycle. Describehow your marketing strategy for the following…
A: Households life cycle includes different stages of a life of an average person classified on the…
Q: When the price is between AVC and ATC (ATCAVC), then total revenue for the competitve firm
A: TR = P x Q TVC = AVC x Q TC = ATC x Q
Q: Soft drink industry has been historically profitable why? compare the economies of the concentrate…
A: Soft drink Industries are profitable because:- These industries needed lower investments. This can…
Q: What are the Five levels of a Product? Explain each level with an example from any Educational…
A: Answer- Need to find- What are the Five levels of a Product? Explain each level with an example from…
Q: Definition of Perfect market
A: A firm in any kind of market structure works with the objective of maximizing its profit and a firm…
Q: plain Marketing environment (micro and macro) that affect the OMAN LNG company's product / services?
A: In Marketing environment forces are very important for the successful establishment of the product…
Q: A manager makes the statement that output should be expanded as long as average revenue exceeds…
A: Average revenue: Total revenue per unit of output = Price/OutputAverage cost: Total cost / output =…
Q: The owner of a small pizzeria is deciding whether to increase the radius of delivery area by one…
A: The owner must do a marginal analysis while making a decision regarding an increment of the radius…
Q: Using the figure above, what is the total revenue for the firm?
A: Total revenue is the product of the total quantity produced and the price per unit of the product
Q: Are golf balls really differentiated products? Explain why or why they are not?
A: Golf balls are a common example of a monopolistic competitive market. It is known that any specific…
Q: Describe how your restaurant would maximize its short-run profits.
A: When an individual wants to open a business, his primary aim is to earn profit and maximize it by…
Q: on. What are the profit-maximizing level of output and price respectively?
A: Profit maximizing level of output in monopoly achieved where monopoly's Marginal Revenue (MR) =…
Q: Directions: Complete the table below by supplying it with products that you consider similar. Write…
A: A substitute good or service that can be used in the place of another good. It is a good that is…
Q: You are the BRAND MANAGER of "AFTER EIGHT "
A: GIVEN Scrutinize the use of social media platforms such as Facebook, Youtube, Twitter, Instagram…
Q: How do you find Profit maximization using total cost and total revenue curves in a price takers…
A: Answer: Note: since you have mentioned curves so here I am explaining it graphically. In perfect…
Q: what is differentiation? What are some forms of differentiation in washing detergents? How does…
A: A differentiation strategy is a methodology organizations create by giving clients something…
Q: Find the point of diminishing returns (x.y) for the function R(x). where R(x) represents revenue (in…
A: R(x)=11,000-x^3+36x^2+800x First order condition: dR(x)/dx=3x^2-72x-800 Second order condition:…
Q: . Which is the other name that is given to the average revenue curve?
A: The average revenue curve represents the revenue per unit for different quantities of output.
Q: The process of understanding the customer and choosing a group of customer you can serve best is…
A: b) Targeting Option "b" is correct. In marketing, segmenting the target population and then planning…
Q: Franchising is widely used in the casual dining and fast-food industry, yet Starbucks is quite…
A: Out of all the different market structures, star bucks will be included in the Oligopoly market…
Q: The owner of a small pizzeria is deciding whether to increase the radius of delivery by one mile.…
A: Expansion of the business is mainly dependent on the costs that would be incurred and the benefits…
Q: The profit maximizing combination of two products is found where?
A: A Production Possibility Curve (PPC) is a graph that shows all the possible combinations of two…
Q: Explain the growth vector matrix and draw the matrix Draw the demand curve and explain the effect of…
A: a) The growth vector matrix shows the ways a business can go based on its existing product-market…
Q: An undifferentiated marketing strategy would include? * One marketing mix for each target market Two…
A: Marketing strategy is a long-run, innovative approach and an overall game plan of any organization…
Q: Using the graph below, calculate the firm's profits at the profit maximizing output Price 408 384…
A: A profit-maximizing firm produces at the intersection point of MR and MC. i.e., MR = MC is…
Q: Discuss how economic forces such as macroeconomic conditions and consumer income affect marketing.
A: Macro economic environment The macro-environment is a broader term that refers to the economic…
Q: “Keep Fit” Gym As today’s consumers are becoming more health conscious, the demand of fitness…
A: The modelling of consumer behavior is important for the managers to understand the tastes and…
Q: Given a description of a company's marketing mix, classify the elements of the marketing mix and the…
A: Marketing relates to practices that a corporation undergoes to facilitate the acquisition or…
Q: Describe the major retailer marketing decisions?
A: Retailer Marketing Decision: The decision of the retailer changes in the environment of the market,…
Q: Thinking Through Marketing Strategy Pretend that you are the Chief Marketing Officer at Alibaba.…
A: 1.Target Market Alibaba can target two commercial centers in America which incorporate the worldwide…
Q: People usually interchange "brand" and "product" in their daily conversation. As a marketing…
A: A product is created by a corporation and can be purchased by a consumer in return for money, but…
Q: Which of the following statements about a sales-oriented company is FALSE?
A: Sales oriented companies are the companies that basically focus on the development of a sales force…
Q: Using the image please find: a. Find the total revenue function, using the fact that there is no…
A: Marginal revenue measures the additional revenue earned when an additional unit is sold.
Q: Revenue is the same as profit. Do you agree with this statement? Justify your answer.
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: for this graph answer the following question what is the total revenue? what is the total profit?…
A: Answer- Given in the question-
Q: what are the reason why business sell their products on a discount?
A: Offering discounts on buys is an approach to rapidly bring individuals into your store. Whenever you…
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- In order to make a hiring decision, a manger must: Compare wage rate with MPL. If Wage rate is equal to MPL then hire Compare wage rate with MPL. If wage rate is less than MPL then hire. Compare wage rate with MPL. If wage rate is greater than MPL then hire. Compare wage rate with MRP. If wage rate is equal to MRP then hire Compare wage rate with MRP. If wage rate is lower than MRP then hire.What are the purpose of individual enterepreneur? What are the few advantage or merits of individual enterepreneur?How would each of the following changes affect the demand curve for acupucture? 1) The surgeon general issues a warning that back surgery is ineffective. 2) Medicare stops covering back surgery.
- Explain how the Orphan Drug Act would affect drug development. Can you think of any TRADEOFFS from the act?According to your answers, one part of Step 3 - Proft under discrimination says: "Therefore, in the interval (0, 50), the elasticity would be- ......????". Please complete this part or any other part that complements this step.ThanksDoes setting up as self-employed or in a small business help to reducepoverty?
