Answer: Higher price and produce less output.
Explanation:
A monopolist is the only producer of a good in the market or at least wields significant market power. As a result, they can set their own prices without regard for how competitors would react.
This would lead to a situation where the monopoly does not have to be efficient and so will produce less goods than a perfect competition would and in order to make more profit - and because of less efficiency meaning higher costs - they will charge a higher price for output.
Normally it's C, good day
Answer:
$336.60 per unit
Explanation:
The computation of selling price per unit is given below:-
For computing the selling price per unit first we need to follow some steps which is shown below:-
Total fixed costs = Fixed overhead costs + Fixed selling and administrative costs
= $679,000 + $114,000
= $793,000
Fixed cost per unit = Total fixed costs ÷ Number of units expected to be produced
= $793,000 ÷ 12,200
= $65 per unit
Total costs per unit = Direct materials + Direct labor + Variable overhead + Fixed cost per unit
= $122 + $52 + $67 + $65
= $306
Now,
Selling price per unit = Total cost per unit × (1 + Markup)
= $306 × (1 + 10%)
= $306 × 1.1
= $336.60 per unit
One of the most valuable sources firms have at their disposal is a rich cache of customer information and purchase history from their day-to-day operations, which is a type of Internal secondary data
Explanation:
<u>Internal secondary data:</u> It is the data that is obtained from within the organization.
A company's internal data, such as the sales and marketing data , customer information system , product purchasing and usage data are few example of Internal secondary Data
Answer: being designed for the environment
Explanation: When a product is
Designed for the Environment (DfE) it means taking an approach or steps to reducing the overall human health hazards and environmental impact of a product, process or service, from start to finish.
It involves taking steps to investigating the possible environmental impacts of a product and fine tuning the product design as necessary to reduce any future detrimental mpacts.
For example, if a product and it's by products contains non-renewable resources that are dangerous it can lead to a negative environmental impact.
For example,Velvo Inc., an automobile manufacturing company, takes into consideration , the designs of its products in such a way that they do not cause negative impact to the environment by making sure parts can be easily dismantled after use for recycling and the used plastic parts are sorted and recycled to make new parts. Also ensuring that components are either recycled or rebuilt, while unusable parts are incinerated to create energy thereby adhering to Designing for the Environment.
