The higher the price, the fewer goods or services consumers will demand. Conversely, the lower the price, the more goods or services they will demand. Select one: True False

Our class has found a local store that would like to sell our student's totes. We decide that we will sell her the totes for $8 (our sell price which becomes the retailers unit cost). The retailer calculates her sell price (price to consumers) by using Mark Up pricing.  Her Mark Up (%) is 85%.  What will be the retailer's sell price?  Round to the nearest WHOLE number.  Do not enter $.  Do not enter cents.

The price paid for a product is based on the that the customer will receive of the and not necessarily the customer. O marginal benefit, marginal cost O expected satisfaction, actual satisfaction O actual satisfaction, expected satisfaction O price today, current value

When a choice is communicated in terms of potential losses, most people choose the option with less risk. -True -False

Imagine that you are the chief operations officer (COO) of Amazon.com. You are interested in creating a competitive advantage for your company (compared to other online retailers) in that you wish to be able to provide to your customers faster shipping than you have been able to provide with your existing set of warehouses and fulfillment centers. It has been decided that using overnight shipping on every order (which would, of course, be about as quick as shipping could be) has been eliminated as a possibility due to being prohibitively expensive. Describe what you would recommend as the COO to improve the speed with which Amazon.com customers receive the products that they have ordered. What negative consequences or disadvantages, if any, do you see as a result of your proposed solution?

a Tax Revenue ($) Refer to the above Laffer Curve diagram. Going into the sluggish U.S. economy of the early 1980s, economist Arthur Laffer and President Ronald Reagan maintained that that the economy was located at O tax rate d. O some level above tax rate b. O some level below tax rate b. O tax rate b. of Tax Rate (%)

Which of the following scenarios would cause the price of avocados to rise? Select all that apply. An increase in the supply of avocados An increase in wages paid to avocado farm workers Better infrastructure reduces the cost to transport avocados A return to sanity where people put jelly on their toast instead of avocado A reduction in tariffs on avocados imported from Mexico An increase in demand for avocado toast

A company that manufactures laser printers for computers has monthly fixed costs of 177000 and variable costs of 650 per unit produced. The company sells the printers for 1250 per unit. How many printers must be sold each month for the company to break even?  please solve

A 10-pound granulated white sugar costs $7.69, how much is the as-purchase price cost per pound?

The idea behind this is that automation reduces the money that the retailer must spend on human shop assistants, and this in turn reduces the overall operational costs of the store. Further, the high level of automation reduces waste, error and theft from the store. The risk of armed robberies is reduced to virtually zero as there is no cash in the store at any given time, as such there are no costs associated with recording, securing or moving cash. This appeal towards store safety have suggested that there are plans for another 3000 similar shops before 2021 (by 2024 there are only a total of 42 stores in the USA and the UK). Hot on their heels are competitors like Walmart who are working with Microsoft to devise their own system of checkout free shopping. Amid this positive outlook, many have expressed doubt as to the ability of Amazon Go stores to really disrupt the traditional supermarket. With approximately 1000 products in each Amazon Go store as it stands, it is hard to see how…