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lakkis [162]
1 year ago
12

you are a manager for a monopolistically competitive firm. from experience, the profit-maximizing level of output of your firm i

s 100 units. however, it is expected that prices of other close substitutes will fall in the near future. how should you adjust your level of production in response to this change? multiple choice produce more than 100 units. produce less than 100 units. produce 100 units. there is insufficient information to decide.
Business
1 answer:
alisha [4.7K]1 year ago
6 0

It is expected that prices of other close substitutes will fall in the near future. How should you adjust your level of production in response to this change produce less than 100 units. Hence, option A is right.

A company that owns the exclusive right to produce a specific good or service is said to be operating as a monopolistic enterprise. These goods are profit-maximizing goods because market prices are set by consumer demand, and they are manufactured at marginal costs that are equivalent to their marginal revenues.

It is advisable to create fewer than the customary 100 units to still maximize profit when the prices of the product's near substitutes drop because this will result in a decrease in demand and a corresponding decrease in market pricing.

To know more about close substitutes: brainly.com/question/3262385

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Select the correct answer.
Ganezh [65]

Answer:

D

Explanation:

The action being used here is the psychological pricing action.

It tends to appeal to the buying reasoning of the buyer. In this system of pricing, the prices of goods are intentionally placed using odd figures. This is because, it is believed that setting prices at these type of price ranges have a psychological effect on the consumer

The 0.01 cent difference would appeal to the psychological thinking of the consumer, thereby making him purchase the goods which in fact is same price when looked at technically

All in all, the pricing system is looking to make the buyer take a decision which will favor the seller as the fractional bits taken off the price would appear to the customer as if he’s purchasing at a lesser price which is technically not so

8 0
3 years ago
What is an accurate description of how the political economy of many of the world’s nation-states has changed radically since th
Olegator [25]

Answer:

A. There has been a move away from centrally planned and mixed economies and toward a more free market economic model.

Explanation:

In that period of time, the Soviet union was regarded as the biggest nation who adopted a  centrally planned economic model.  The country was so poor and  a lot of dissatisfaction arise among the people due the centrally planned economic system. Eventually, members of soviet union started to seek their own independence, Leading to the fall of the soviet union in 1991.

The rest of the countries witnessed this Downfall and started to move away from centrally planned and mixed economies toward a free market model. They fear that if they adopted them, their country will fall into poverty just like the Soviet Union.

4 0
4 years ago
Barb's Bakery made $200 last month selling 100 loaves of bread. This month it made $300 selling 60 loaves of bread. What is the
Virty [35]
The answer will be 150 dollars
5 0
3 years ago
What is true of the traditional project management approach concerning project scope and technology? (You may select more than o
user100 [1]

Traditional project management relies heavily on up-front planning and traditional project management requires that project scope and technology are predictable is true of the traditional project management approach concerning project scope and technology.

Task management is the method of main the paintings of a group to achieve all assignment dreams within the given constraints. This data is normally defined in venture documentation, created at the start of the development technique. The primary constraints are scope, time, and budget.

Challenge control can be described as the area of making use of particular methods and concepts to initiate, plan, execute and control the manner that new projects or adjustments are applied within an organization.

Learn more about project management here:brainly.com/question/16927451
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5 0
1 year ago
What is a key difference between sending someone your Outlook contact and sending you Outlook business card
Natalija [7]

The key difference is that an outlook contact display only the email address and name through which they can connect with you but an outlook business card shows detailed information about your contact and your business.

<h3>What is an Outlook contact?</h3>

In Microsoft outlook, an outlook contact primarily shows your name, email address, and profile picture through which people can connect with you.

However, an outlook business card represents your business brand and shows detailed information about your contact and your business.

Therefore, the key difference is that an outlook contact display only the email address and name through which they can connect with you but an outlook business card shows detailed information about your contact and your business.

Learn more about an outlook contact here:

brainly.com/question/21263685

8 0
2 years ago
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