Answer:
C. innovative change
Explanation:
The type of changes that Ron Johnson implemented in order to make JCPenney hipper can be described as innovative change. This term refers to changing or reimagining something in a new, creative and unexpected way with the goal of being successfull by meeting existing market needs. Which is what Ron is trying to accomplish in this scenario.
Answer:
Advertising expense 6,600. Rent expense 11,600. What is the amount of total assets to be reported on the balance sheet at the end of the year? $106,800.
Explanation:
Answer:
The quantity of customers is 4000, and the price is $30.
Explanation:
Assumed that the table is provided depicting the pricing and revenue structure.
Now, that the profit is maximized for monopoly when the Marginal Revenue = Marginal Cost.
That is when additional cost is recovered from additional revenue.
Here, when 4,000 customers are their then Marginal Revenue for each 1,000 customers = $30,000
Thus, marginal revenue for each customer = $30,000/1,000 = $30 for each customer.
And since the marginal cost is also $30 for each customer:
Maximum profit shall be:
MC $30 = MR $30