Assume a monopoly firm is considering the production of two brands, 1 and 2. Marginal cost is constant at 20 for both products -- assume no fixed costs. The inverse demand for brand i is

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Q: What plan that suggest alternative steps when faced with issues or failure?

A: An activity plan is composed with the goal that any representative can do the assignment effectively…

Q: Circular flow

A: Circular flow: - a circular flow of income shows the exchange of money, resources, goods, and…

Q: a code of conduct for business(a) applies to all businesspeople in canada(b) applies only to large…

A: he correct answer is (d)  a code of conduct for business is an agreed-to written document created by…

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A: Data refers to individual facts, figures, or bits of information that are often quantitative. A…

Q: Marketing roles in the Circular Flow

A: Circular Flow:- The circular flow can explained as an economic framework wherein important…

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A: Social entrepreneurship is an attempt through which an individual, organization, groups, fund and…

Q: The most pertinent phase in the production process?

A: Economic production is categorized into three stages based on the product curves (TR, AR, and MR)…

Q: Summarize methods commonly used for measuring and managing product quality.

A: The term “product quality” is defined as the degree perception to which the service or a product…

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A: There are several factors that influence the behavior of employees and help build confidence in…

Q: 24 20 Price and co st (dollars per arate)

A: In short run a firm should shut down when the price is equal of less than the average variable cost.…

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A: This sentence is not effective because it is too long and flowery. It also does not specifically…

Q: Discuss the way to conduct a systematic review of the product?

A: Systematic review A systematic review is a conceptual analysis. It proceeds to assemble all existing…

Q: Productive forces are Energy, equipment, and technology. The economic laws regulating the process…

A: Production factors:- Production forces are the resources used throughout the manufacturing process…

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A: Economics deals with allocation of limited resources to maximise the welfare of the economy. It also…

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Q: You have been working as a manager of fashion store. During your work you have saved $50,000. You…

A: Explicit cost = utility + salary of clerk + material = 8000 + 20000 + 50000 = 78000 implicit cost =…

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A:

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Q: one idea of how important ethics are in the business industry.

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Q: Questions: Directions: Use the graph to answer the questions that follow $1,700.00 $1.600.00 $1.500.…

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A: The primary responsibility of business is not only to make profits but there are certain other…

Q: Four examples of detailed letters of inquiry (about products or services)

A: Detailed explanation: Example 1: Inquiry about New Product[Your Name][Your Address][City, State, Zip…

Q: What is Organization in terms of business?

A: In business, organization is an institution or an entity which consists of one or more than one…

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A: A product that i will be able to present, pitch, and negotiate for television program Shark Tank may…

Q: Hi can you help me? I can't find anything on the net. List down john Stuart Mill significant events…

A: Born - 20 May 1806 Died – 7 May 1873 Married Hill taylor - 1851

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A: According to the engineering economic decision, all the investment decisions are related to…

Q: Give some specific examples of Product Costs?

A: The costs incurred in the creation of a product form the product cost. Product cost can be…

Q: Give the summary of ethical value in business.

A: In the world of business, ethics are crucial. The truthfulness or incorrectness of actions is a…