Question 1. You are asked to advice on the relationship between two products. The only information you know is that if you increase the price of your product from OMR 1.600 to OMR 2.000, the demand for your competitors' product increases from 1,000 units to 1,400. (a) Name the economic tool you will use to help your advice? (b) What is the relationship between yours and your competitor's product? Show all working. Question 2: Calculate the missing values in the following table. Show all formula and calculations in detail. (Answers not showing the details of calculations & formula will be awarded only fifty percent marks for this question.) Output (Units) TC (OMR) AC (OMR) MC (OMR) 55 85 110 130 40 42 280 90 110 610 10 150

Q: Write a note on easy writing and discuss types of eassys

A: Essay writing would mean simple writing Writing that would include systematic paragraph…

Q: Do you have any references or sources for this information

A: In an error correction model (ECM) expectations about future economic conditions can influence the…

Q: part 3 and 4th

A: 3. Let the optimal transfer price be T, such that T = 6600 - 20Q Now, the manufacturing division…

Q: i need g to h

A: Thank you for the question. As per Bartleby's answering guidelines, we answer 3 subparts per…

Q: Change in price vs. a change in a non-price factor

A: Change is price  means the changes in price change that point of quantity demanded on the demand…

Q: How crucial is utility for it organization

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: Shades and Tints

A: A tint is a colour mixed with white to increase lightness, whereas a shade is a colour mixed with…

Q: Make flow chart of type of budget?

A: budget is a estimate expense and income for certain period of time

Q: How healthy is your P/PC Balance in balance work and home?

A: Our lives are constrained by the choices we make. Despite the fact that there are factors that we…

Q: the quantity of a good or service which consumers want and have the ability to purchase

A: Quantity- It is the number or amount of goods or services.

Q: What is size maximizing bureaucrat

A: The economies around the globe work with the major motive to increase their production, and…

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.…

Q: Tutorial

A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only first…

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: Use image

A: The spending function represents the relationship between household spending and total income. When…

Q: why students need to study General Education subjects ?

A: Students will apply their core skills throughout their education if they receive a general…

Q: Why it is essential to focus on the customer when planning sales calls?

A: Sales call refers to the situation where the sales person is meeting with the potential customer…

Q: Use fos S egjuilib The

A: In the free market, equilibrium price and quantity is determined by the forces of the demand and…

Q: what kind of data is used in BI

A: BI Stands for Business Intelligence it refers to the applications, technologies & practices for…

Q: The Process of Communication Essay

A: Communication is the process of bringing individuals together in order to organise them around a…

Q: how do you calculate customer's life time value?

A: In this world of tough competition customers are acquired and lost over the firm’s lifetime, but a…

Q: Can u explain the question little in details please?

A: A joint-stock company is a kind of corporation where shareholders may buy and sell shares of the…

Q: What Is Supplier provided data?

A: Supplier data is the basis for strategic sourcing which helps in taking cost-reducing incentives. In…

Q: how do you write an audit of how you nonverbally communicate?

A: Title: Audit of Nonverbal Communication SkillsIntroduction:This audit aims to evaluate and assess…

Q: write a essay on pros and cons of studying at home.

A: Studying at home can be both beneficial as well as problematic. For self studying, staying at home…

Q: i need help with the chart

A: The amount of interest one would be paying every month is known as a monthly interest rate. This…

Q: Common technology uses on daily basis

A: Technology is the method by which we put scientific knowledge to practical use. It encompasses not…

Q: The option or alternatives from which decision are made

A: Alternatives ought to reflect generously various ways to deal with the issue or various needs across…

Q: was the article located or you want me to pase the text for you

A: Disclaimer: I can certainly help you identify the key components of the article without requiring…

Q: The process of developing a service plan

A: A service plan is a comprehensive approach that businesses use to manage client interactions. An…