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Serhud [2]
3 years ago
14

when perfectly competitive firm X sells three units of product Z, its marginal revenue is $4.67. when it sells one hundred units

, marginal revenue is $4.67. We can conclude that the price isA. DroppingB. $4.67C. Too highD. the price cannot be calculated with the information
Business
1 answer:
Ghella [55]3 years ago
3 0

Answer:

B) $4.67

Explanation:

By definition marginal revenue is the revenue generated by the sale of one more unit of product Z.

Marginal revenue = unit price

Since firm X participates in a perfectly competitive market, it is a price taker, and since the marginal revenue is constant, we can assume that this is the equilibrium price of product Z.  

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If country a allocates more resources to producing capital goods than does country​ b, _________.
Sunny_sXe [5.5K]

c. Country A will incur a larger opportunity cost of growth, but it will grow more quickly than country B.

The more a country invests in one method of production, the higher the opportunity costs will be because the money could be spent on bigger and bigger amounts of alternate goods.

While the opportunity cost is higher, fully investing in producing capital goods will lead to faster growth.

7 0
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Read each scenario and pick the statement that matches it.
diamong [38]

Answer:

1. b

2. c

3. a

4. d

Explanation:

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3 years ago
Trudy owed Sam $40 for a book she purchased from him. Trudy mowed Betty's yard for $40 and agreed with Betty that Betty would pa
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C. Sam will win because Trudy cannot avoid her obligations through a delegation.

Explanation:

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4 0
3 years ago
Simone started the meeting at BCD Co. by focusing the attendees on the company's current status. "We have a good product mix," s
WINSTONCH [101]

Answer:

Market development

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The focus of a market development strategy are the existing customers and new customers in the targeted segments that are not currently buying the products of the company.

Market development is therefore a marketing strategy that is employed when a company wants to expand its total market by making effort to promote its current product to new consumers or a new geographical area.

From the question, the statement that  "To continue to grow, we need to target more segments" by Simone indicates that the strategic path Simone is pursuing is <u>market development</u>.

6 0
3 years ago
Nick’s Novelties, Inc., is considering the purchase of new electronic games to place in its amusement houses. The games would co
ASHA 777 [7]

Answer:

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a. Payback period

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5 0
3 years ago
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