Answer: Option E
Explanation: In simple words, it refers to the situation in which two rival companies in an industry cut their prices with the objective of cutting the others customers and gaining a higher market share.
Generally it is performed for short term so that other firm could be demolished from the market but a company having strong reserves can perform it for a long term as well.
It is more evident in industries where the products of two companies are close substitutes of each other and there are few firs in the industry.
Answer:
D.
Explanation:
a credit score between 300 and 579 is poor so D.
Answer:
TC = $1,700 + $20x
P = $20x - $1,700
x = 85
Explanation:
Develop a mathematical model for the total cost of producing x pairs of shoes.
The total cost of producing x pairs is given by the fixed cost of $1700 added to a variable cost of $20 per pair. For x pairs:
Let P indicate the total profit. Develop a mathematical model for the total profit realized from an order for x pairs of shoes.
Total profit is given by Revenue from sales minus total costs (found on the previous item). Revenue is $40 per pair. The profit function is:
How large must the shoe order be before O'Neill will break even?
The break-even point occurs when profit is zero:
The shoe order must be at least 85 pairs.
The main mechanism that regulates the market system is the
government. It is because they are the one that sets up and regulates the
system and allows the mechanism of the system to continue as the government is
the one that enforces and controls the demand and supply in the market system.
It seems that you have missed the necessary options for us to answer this question so I had to look for it. Anyway, here is the answer. If Siemens corporation is selling an Argentinean manufacturer a $2 million turbine machine, in the process of this sale, the factor that Siemens should avoid is Selling the Argentineans an off-the-shelf <span>turbine. Hope this helps.</span>
