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- Under what conditions is cost-plus pricing mostappropriate?A brand that has experienced an ethical crisis is Victoria's Secret. They have sweatshops in Sri Lanka and use child labor. People are made to work 14 hours a day unpaid. Victoria's Secret has taken a massive blow to the brand in the past couple of years from the horrible information that has come out about the company. The forced labor in sweatshops is what is causing the company to go down in popularity. Not only do they have unethical practices they are also known for their discrimination of their models and pushing unrealistic body standards on young impressionable girls. Everyone knows the Victoria's Secret angels and how they are known for their perfect bodies but behind-the-scenes models faced racism and were forced to go on deadly diets. Their sizing was never inclusive of plus size until this year. They have also faced scrutiny over their "rebranding" with more diverse models but that does not cover the forced child labor they are using to make their garments. It seems it's…The table below depicts the prices and total costs a local used-book store faces. The bookstore competes with a number of similar stores, but it capitalizes on its location and the word-of-mouth reputation of the coffee it serves to its customers. Calculate the store's total revenue, total profit, marginal revenue, and marginal cost at each level of output, beginning with the first unit (Enter all values rounded to the nearest penny.) Total Price per Book (S) Costs ($) Total Total Marginal Revenue (S) Marginal Cost ($) Revenue ($) Profit (S) - 4 Output 5.75 4.00 1 5.50 7.25 5.5 - 1.75 5.5 3.25 2 5.25 9.50 10.5 1 2.25 3 5.00 11.60 15 3.4 4.5 2.1 4 4.75 14.10 19 4.9 4 25 4.50 17.60 22.5 4.9 3.5 3.5 6 4.25 21.75 25.5 3.75 3 4.15 7 4.00 26.50 28 1.5 2.5 4.75 Based on marginal analysis, what is the approximate profit-maximizing level of output for this business?
- how markup pricing can be helpful to managers to make the firm earn the maximum amount of profit possible.|1.6.1 A company manufactures and sells x dellphones per week. The weekly price-demand and cost equations are given below. p= 400 - 0.5x and C(x) = 20,000 + 140x (A) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the maximum weekly revenue? The company should produce (Round to the nearest cent as needed.) phones each week at a price of $ The maximum weekly revenue is $ (Round to the nearest cent as needed.) (B) What price should the company charge for the phones, and how many phones should be produced to maximize the weekly profit? What is the maximum weekly profit? The company should produce (Round to the nearest cent as needed.) phones each week at a price of $ The maximum weekly profit is $ (Round to the nearest cent as needed.)What is the logic behind “cost plus mark up” pricing scheme? Please explain the greatest weakness of this pricing scheme?
- Why is incremental cost pricing the correct pricing method?The marginal cost pricing model calculates a markup over marginal costs using estimates of the price elasticity of demand. Will any other pricing strategy result in higher profits?Suppose there are two types of cable TV viewers. The first type places a high value on sports channels (e.g., ESPN, Fox Sports, and the Golf Channel) and a low value on all other channels. The second type places a high value on music channels (e.g., VH1, MTV3, and CMT) and a low value on all other channels. In this case, we would expect cable operators to: use fixed-cost pricing. use "à la carte" pricing. sell sports and music channels in one bundle to both types of viewers. sell only sports channels to the first type of viewers and sell only music channels to the second type of viewers.
- the cost of producing a bottle of zlurp is 1.50, and the competitive suppliers sell it at this price. Each whovillian will consumeSuppose that there is only one zoo in city A. The demand schedule faced by the zoo is P = 2350 − 70Q where P is price per zoo ticket in dollars and Q is the number of zoo tickets per day, and Q can take integer values only. The fixed cost of operating the zoo per day is $480. The marginal cost of serving an additional customer (due to the sales of an additional ticket) is $150. Given the information, the zoo should charge $[? ] per ticket. Continue from the previous question. The deadweight loss caused by the zoo monopolist is $[ ?] per day.Maximum Revenue Jesaki Electronics manufactures and sells a smartphones per week. The weekly price-demand and cost equations are, respectively, p= 536 - 0.40 x and C(x) = 19,932 + 23 x. Suppose Jesaki Electronics wants to maximize weekly revenue. Compute the following quantities. 1. How many phones should be produced each week? phones. Round to 2 decimal places. 2. What price should Jesaki charge for the phones? $ per phone. Round to the nearest cent. 3. What is the maximum weekly revenue? $ per week. Round to the nearest cent. Enter the result for 1. 11:3. N 34% 11/15 Prisc Insert Delete C F6 F8 F9 F10 F11 F12 & * Backspace Num Lock 5 8 + II
