Any increase in efficiency increases output available for distribution. True or false

Q: Market price is always more than factor cost. True /False

A: We must remember that to calculate the Market price we have to add up the net Indirect taxes to the…

Q: Over-production results in

A: Over Production refers to the situation when the firm produces quantity of goods more than its…

Q: Auto dealerships typically have exclusive distribution rightsin their local markets. How might this…

A: Meaning of Producer Behavior: The term producer behavior refers to the situation under which a…

Q: An increase in promotional budgets has:

A: A promotional budget is prepared for promotion-related activities.

Q: A grocery store has limited shelf space. Every produce line generates a yearly profit per square…

A: GIVEN   A grocery store has limited shelf space. Every produce line generates a yearly profit per…

Q: The share in the company’s profit is called _____________.

A: A company can have many stakeholders. When a company earn profit then some of the portion of its…

Q: Economic profit is an indication that consumers are willing to pay more for a good or service being…

A: Profits of a firm are calculated by subtracting its total cost from its total revenue. Economic…

Q: The second unit of a good gives less satisfaction to a consumer. This is clearly a case of…

A: The second unit of a good gives less satisfaction to a consumer. This is clearly a case of…

Q: You own a toy store located in large suburban mall.  Your landlord has raised your rent by 10%.   In…

A: Price times quantity is the total revenue of a firm. Difference between total revenue and total…

Q: Which item below represents a non-price strategy? Multiple Choice Sending thank you cards to your…

A: Non-pricing competition refers to a marketing strategy that emphasizes product differentiation…

Q: Explain Market pain.  Provide an example of a product that solves market pain.

A: Business specialists and investors allude to showcasing "torments" as a condition of occasions where…

Q: Products with attributes that are significantly different from each other, which makes it difficult…

A: Product differentiation is the process which make a good different from the similar competition good…

Q: The power of consumers is not growing in a transparent market O True False

A: Transparency in the market refers to the degree to which a firm shares its leaders, employees,…

Q: mercha

A: Poor quality products implies products of a low standard ,quality or which is turn in bad condition.

Q: Maximizing total revenue is the same as maximizing profit   is this true or false

A: What is total revenue maximization? In total revenue maximization we try to find out the price or…

Q: S₁ с ☆ A E D Quantity Price B 0 4 S Refer to the figure in which S is the before-tax supply curve…

A: Taxation is crucial in today's economic context because it provides governments with revenue to fund…

Q: A restricted market is always accessible. Select one: false False

A: In forex trading, a restricted market is one that doesn't take into consideration a freely floating…

Q: An ad in the newspaper is offering 25% off ski lift tickets at Big Bear. The original tickets cost…

A: Good = Ski tickets Original price of ticket = $60 Discount on ticket = 25%

Q: various entry modes (advantages and disadvantages)

A: Direct exporting: In this kind of transaction, the businessman has his finished products exported to…

Q: An oil-producing country estimates that the demand for oil (in millions of barrels per day) is D(p)…

A: Price elasticity of demand measures the magnitude of change in the quantity demanded for a good due…

Q: Homework H.W. An American city received four designs for a new hospital wing to confront the Corona…

A: To analyze which design would be better for a given cash flows of benefits we will discount all the…

Q: Lukanga Water has been providing water services in the Central Province for more than 20 years.…

A: Profit maximising level of output for a firm is at the point where marginal revenue (MR) equals…

Q: A hair salon has very loyal customers and faces a weekly demand for blowouts equal to qD = 1,040 –…

A: Answer to the sub parts (g), (h) and (i) are as follows :

Q: Discuss how research and development and advertising can be used by companies to increase market…

A: Research and development(R&D) is an arising idea which is needed by practically each and every…

Q: When Home depot charges $93 for a children's game, they sell 100 units. When they charge $85, they…

A: Using the given data: P=Price is the dependent variable Q=Quantity demanded is the independent…

Q: A country with Multi-languages raise the cost of advertising in international markets. A) True B)…

A: Advertising is a process through which the business organizations market its goods and services to…

Q: demand model to show a consumer surplus that reflects a demand curve that hits the y-axis at $300…

A: Consumer surplus is the difference between the highest price a consumer is willing to pay and the…

Q: Please show your logic of how you would determine what the P (Price) of the new system should be.…

A: Probability of system crash (p) 1%=0.01 20%=0.2   Cost of a system crash (C) ∈100,000…

Q: Two burrito shops at either end of a one-mile road. The road has a uniform distribution of customers…

A: GIVEN   People's reservation price for burrito is $10.00, The disutility that people get from…

Q: No written by hand solution A few major airlines account for the vast majority of air travel.…

A: A market is a place where consumers and producers met with each other to buy their goods and…

Q: n which of the following situations would the supplier have the greatest power to hurt a business…

A: There are various determinants that can make supplier hurt its customers. It depends on the market…

Q: Demand for Corn Flakes is: P = 10 - Q. Supply of Kellogg's Corn Flakes is: P = 2 + Q. Now a generic…

A: Demand refers to the quantity of goods or services that a consumer is willing and able to buy at a…

Q: Give at least five examples of hemogeneous products and their substitute

A: Homogeneous products are those products which have perfect substitute of it and both the goods give…

Q: Allocative efficiency occurs where (for the last unit) maximum willingness to pay exceeds minimum…

A: The aforementioned statement is False.

Q: Even though Polly Pockets toys made in China posed a choking hazard, the U.S. continues to import…

A: Polly Pockets toys made in China were stopped by the US owing to choking hazards caused by the toys.…

Q: Market failures Multiple Choice O O O о are only a concern when they result in prices that are too…

A: Market failure is a situation when the market is fail to allocate resources efficiently.  There are…

Q: An organization serves 1,000 customers. Its average and marginal cost is $300 per unit and the price…

A: In the given question, initially the customers were 1000, which later been increase to 1200, since…

Q: A friend of yours is considering two movie-streaming services. Provider A charges $120 per year…

A: Here we will study about the two movie streaming provider given the demand.Given demand function the…

Q: Which of the following may be an advantage of buying a part instead of making it? O Economies of…

A: The advantage of purchasing a part instead of making it is that "buying from suppliers ensures a…

Q: What evidence supports market efficiencies?

A: The idea of market efficiency is about how well and how rapidly prices in financial markets mirror…