Answer:
B. quantitative research.
Explanation:
Quantitive research: It is a kind of marketing research based on the numerical data collected from different sources, these data are put through statistical tools to get measurable result and can be analysed further through numerical comparision and statistical inferences. Later report is generated to conclude the result.
There are four types of quantitative research:
- Descriptive research.
- Correlational research.
- Quasi experimental research.
- Experimental research.
Complete question:
The marginal utility of the last unit of apples consumed is 12 and the marginal utility of the last unit of bananas consumed is 8. What set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium
a. $8 and $12
b. $6 and $4
c. $16 and $9
d. $4 and $6
Answer:
$6 and $4 set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium.
Explanation:
Given,
The marginal utility of the last unit of apples consumed = 12
The marginal utility of the last unit of bananas consumed = 8
Now ,
To find :
The market level for apples and bananas, respectively, will be compatible with the consumer's equilibrium:
= = $6
= = $4
$6 and $4 set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium.
Answer:
A
Explanation:
Without market intervention, monopolies produce at a quantity in which price is greater than the marginal cost, therefore they obtain positive benefits. To keep a competition policy, the interventionist should set the price where the average total cost (ATC) crosses the demand curve (also the average total revenue). In this case, the intercept represents the point where the total cost is equal to the total revenue (TC=TR), there are no positive benefits as competitive markets.
It could also be option B, because the term "break-even" means no profits and no losses. But in monopolies, this point is where the ATC equals the ATR or demand (it is not the point Marginal Cost=Marginal Revenue because in most cases the ATC curve is above this point, so it would be better to shut down the firm), that is why I chose option A.
Answer:
John C. Bogle is the founder of the group however it is owned by its customers/clients through the funds managed by the company.
It allows the company to exhibit extra drive and zeal to grow its customer base for future purpose. This is because of the company being highly dependent on its customers for its sustainability.
Answer:
d. debit Retained Earnings, $3,000; credit Dividends, $3,000.
Explanation:
The journal entry to close the dividend account should be
Retained earnings Dr $3,000
To Dividend $3,000
(being the closing of the dividend account is recorded)
here the retained earning is debited as it decreased the stockholder equity and dividend is credited as it is closed