higher prices and higher outputs
Answer:
A) Total revenue = 400 loaves of bread x $2 per loaf of bread = $800
B) Total economic costs = (5 units of labor x $40 per unit of labor) + (7 units of land x $60 per unit of land) + (2 units of capital x $60 per unit of capital) + (1 unit of entrepreneurial ability x $20 per unit) = $200 + $420 + $120 + $20 = $760
C) Economic profit or loss = total revenue - total economic costs = $800 - $760 = $40
Pluralistic organizations believe in having a diverse employee population and actually strive to achieve that. A multicultural organization values diversity within their employees but does not have diverse group of people working for them. Although pluralistic organizations believe and strive to have diverse employees, they are not the best at being trained and knowing how to address the cultural differences.
Answer:
Product line Pricing
Explanation:
The reason is that when the manufacturer produces a number of quality range products and price them accordingly. This means that the customer who has different level of purchasing power can fulfill his needs and wants accordingly. So producing a single product limits the satisfying of needs and wants of small customer segment whereas producing multiple product range helps in targeting a range of customer segments. The different prices of tablets charged here for different products actually reflects the prices of the products.
