Answer: d. choose the price at which it sells its butter.
Explanation:
In a competitive market, the individual sellers do not choose a price to sell at but rather the market does. This is due to the high number of sellers in the market so individual sellers do not have bargaining power.
The price will therefore equal the firm's marginal revenue as well as Average revenue.
Answer:
Primary data
Explanation:
Since the available secondary data are not sufficient for the marketing research study, Chun Hei must collect primary data.
Primary data unlike secondary data are data that were not in existence beforehand. Such a data can not be found in any journals, books, websites or data sites. To get primary data a researcher has to go into the field and they can collect these data through questionnaires, surveys or interviews. Chun Hei will get the information she needs from first hand sources.
Answer:
Explanation:
Let x is number of books (x ≥0)
Let y is the number of DBA (y≥0)
Given that PB = $20 and PD = $40 and consumer has $200 per month, so we can form the inequalities:
200 ≥ 20x+ 40y
So we have a system of inequalities is:
Please have a look at the attached photo, the right triangle are possible solution for the system.
Hope it will find you well
Answer:
The answer is in the image attached
Explanation:
We will ultiply the output per worker by the amount of workers to get the output for each country
<u>United States:</u>
20 workers x 10 output each = 200 computers
20 workers x 80 output each = 1,600 tons of rice
<u>Thailand:</u>
10 x 4 = 40 computer
10 x 60 = 600 tons of rice