By selling a laptop at $1,200 for which consumers are willing to pay up to $1,300, a consumer electronics firm makes a profit of $500 per unit. What is the economic value created in this scenario? Multiple Choice O $600 $1,300 $1,200 $700

By selling a laptop at $1,200 for which consumers are willing to pay up to $1,300, a consumer electronics firm makes a profit of $500 per unit. What is the economic value created in this scenario? Multiple Choice O $600 $1,300 $1,200 $700

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Related questions

Q: How will Requests for Information be kept track of?

A: Keeping track of information requests can be a daunting task, especially when dealing with multiple…

Q: 18 Which of the following is not an element of a contract? Multiple Choice Agreement Consideration…

A: Contracts serve as the backbone of legal relationships, establishing rights, obligations, and…

Q: Which of the following business products

A: The answer to the second question is all of the above.

Q: QUESTION 64 Product decisions affect customer a. Cost b. Benefits c. Loyalty d. Convenience

A: A product is an article or framework made accessible for purchaser use; it is whatever can be…

Q: The following diagram shows the flow process, raw material costs, and machine processing time for…

A: Given data: Selling Price for A = $40 Selling Price for B = $50 Selling Price for C = $60 Total…

Q: Write a small paper about a Request for Proposals

A: Please find the answer below.Request for Proposals (RFP):A Request for Proposals (RFP) is a formal…

Q: Which of the following best defines brand? A) An identifying mark for products or services B) A…

A: A brand refers to a product, service, or concept publicly distinguished or maybe more popular than…

Q: Question 1 Over the course of an experiment, when some of the respondents change their opinions or…

A: Note: As per bartleby guidelines in case multiple questions are asked by the students then the…

Q: Please do not give solution in image format thanku Carine, a boutique owner, entered into an…

A: In the business world, contracts play a crucial role in defining the terms and obligations between…

Q: How do I advertise a classified ad on yahoo? Word count = 100

A: A classified advertisement can be described as the one the advertiser looks for a person who can…

Q: Despitethe fact that new product development haven been kept secret in most phases of the commercial…

A: Commercial aviation companies are notoriously secretive, especially about new products. Airbus…

Q: Write a critique of the article "Reinventing Your Business Model" by Johnson, Christensen, and…

A: The book "Reinventing Your Business Model," written by Clayton Christensen, Mark W. Johnson, and…

Q: A contract of insurance to indemnify the insured in the event of loss will NOT provide which one (1)…

A: Note: As per bartleby guidelines in case multiple questions are asked by the students then the…

Q: (29) Methods of transmitting information include: A Oral and written B. Non-verbal/ visual C.…

A: Answer 1 The correct answer is option C- A and B only- oral/written, Non- verbal and visual because…

Q: In what way might a referral/reference mention help in the cover letter process? Please explain.

A: When applying for a job, a referral cover letter emphasizes a mutual relationship. A coworker, a…

Q: Give me a conclusion paragraph about Yankee Candle

A: Yankee Candle is a leading brand in the candle and home fragrance industry. It has established a…

Q: The ability to process information about the external/internal environment of the organization and…

A: Business Environment The business environment can be defined as all of the internal and external…

Q: functions of Technical Publications in Aviation Industry

A: ANSWER : Functions of Technical Publications : Three Functions: To receive and distribute, inside…

Q: Email of Cancellation

A: Cancellation Email is used to communiacte cancellation of an order, event, contract, subscription,…

Q: Which of the following is not a required part of the definition of "informed consent"? Question…

A: Informed consent:Informed consent is the kind of permission that is granted to the doctor by a…

Q: 1. How does Chick-fil-A use the concept of inseparability to deliver exceptional service? 2. Another…

A: Chick-fil-A, a renowned fast-food chain, has gained recognition not only for its delectable chicken…

Q: It would be beneficial to include examples of both good and bad results. The service that does not…

A: INTRODUCTION - In today's digital age, businesses and services are relying more and more on…

Q: please can you give me the reference of the answer.thank you

A: Here's an article that I came up with: How the Power of Focus is Changing the Fashion Industry In…

Q: Which of the following should be low if you are looking to develop a keyword strategy? Question 10…

A: The decisions we take for our keyword research project which is based on the ideas and findings you…

Q: Companies can strengthen the of employees by committing themselves to not retaliate against…

A: Organizational culture is the perspectives of an organization against the values, attittudes,…

Q: Please do not give solution in image format thanku What are your professional goals? What would…

A: As someone who aspires to a career in business and education, my ultimate objective is to help…

Q: 31. Which of the following provides pre-screening to employers? a. Job development b. Job placement…

A: The work, occupation, or profession through which an individual earn monetary as well as…

Q: If the bakery currently makes 1,500 loaves per month with a labor productivity of 2.344 loaves per…

A: The labor productivity will be unchanged in both cases, The demand value will be increased by 55%

Q: If a home warranty program is to be offered on a listing, the licensee should A) Provide a list of…

A: Home warranty program is a contract which helps owner cover the cost of repairing and other…

Q: Requirement 2: E-business revenue model • Describe the value proposition of the e-business model.…

A: Business refers to an activity of trade where sale and purchase of either goods or services is done…

Q: Only typist answer

A: Week 1Week 2Week 3Week 4 Units produced…

Q: In what precise manner is it possible to follow the Requests for Information all the way back to…

A: Requests for Information (RFIs) are a common aspect of many business and construction projects. An…

Q: Please do not give solution in image format thanku characteristics of the business environment.

A: The characteristics of the business environment can vary depending on various factors, including the…

Q: State the type of business entity Please Answer in 30-60 minutes with the step im needed thank u…

A: Entity: A person or group of individuals establishes a business entity in order to do business,…

Q: What advantages do iPads have in the utility department?

A: Introduction: iPad is a tablet device made by the company Apple. Tablet devices are like PCs with…

Q: Question 14 Listen What is the best answer to this question. In general, Tour Wholesalers such as…

A: Distribution is as important as product and marketing. A strong distribution will help the company…

Q: Please do not give solution in image format thanku 8. What decision would the executives most…

A: A trade-off refers to a situation where a manager of the company has to make a decision or a choice…

Q: i need to select only option in above give, so which one is correct option

A: Each project is constrained by certain dimensions and these are employed to quantify project…

Q: Product costs include all of the costs below, except for answer choices manufacturing overhead…

A: The term Product costs allude to the expenses caused to make an item that is available to be…

Q: • Jamal was reading the newspaper as usual, he saw an advertisement about the special services…

A: Gap analysis helps in knowing the current performance to identify the difference between the current…

Question

Please do not give solution in image format thanku

By selling a laptop at $1,200 for which consumers are willing to pay up to $1,300, a consumer electronics firm makes a profit of $500 per
unit. What is the economic value created in this scenario?
Multiple Choice
$600
$1,300
$1,200
$700

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Explanation

VIEW

Step 2: Calculation

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Citing in the professional world
Why do must companies used virtual l
Please do not give solution in image format thanku The concept of _ (blank) _ refers to the psychological forces that determine the direction of an individual’s behavior in a company, their level of effort, and a their level of persistence.
It would be beneficial to include examples of both good and bad results.The service that does not have a linkThe service that places a premium on personal contact
Can you send me the correct APA format for references
Auditing . Please help use own sentences Required to discuss and explain on substantive test under Purchase Cycle system with long explaination that commonly can found in Wine shop/company
17*. A customer service manager received a phone call from a customer who had purchased a blender from their company. The customer complained that the jug broke in her hands while washing it. After asking her several questions, the manager discovered that she had not followed the safety steps while using the device. The customer was disappointed and requested a replacement. According to your company policies if such cases occur, you need to sympathize with the customer and inform them that you will reply within 24 hours after their call. To solve this problem efficiently and effectively you need to send an immediate email to inform the caller about the company's decision. The manager doesn’t have to weigh the cost of making an adjustment against the cost of losing future business from one or more customers. In case the manager wants to act in accordance with the client's wish, he should open the email to respectfully educate the customer about the steps needed to avoid a similar…
Suggestion to avoid during prospecting or in the conduct of sales presentation.
Very simple answer needed, No word limitations. Question : Define attitudes and explain the three dimensions of an attitudes. Explain the relationship between consumers' attitudes and the brand they purchase.
Please do not give solution in image format thanku
________ is a low-probability but high-impact event that threatens the viability of an organization A crisis Discontinuous change Benchmarking Organizational knowledge
5. Which of the following best describes a "sales funnel"? Group of answer choices A sales funnel is the process after a sales is closed where the customer receives the product and begins using it. A process whereby sales decrease over time as if they are going into a funnel. A process of drawing in people who might be good purchasers of your product by first finding out which are interested and have money to spend, then eventually leading them to purchase your product. A sales funnel is used by department stores during key sale weekends. In a sales funnel, each day the price is reduced until the product is finally available at the lowest possible price.