The monopolist decision process involves a three-step process:1. The monopolist will select a quantity which maximizes profit.2. The monopolist will decide on what price he would charged.3. The monopolist will determine the total cost, total revenue, and profit.
Answer:
u get free stuff out of it
Answer:
are achieved when a firm reduces its average cost of production as it produces more.
Explanation:
Economies of scale is reduction in the average cost as production increases due to the large size of the firm which makes it more efficient.
It is large firms that enjoy economies of scale.
Economies of scale can be achieved by buying supplies in large quantities. When firms buy in large quantities, they enjoy discounts which reduces their average cost. This is a form of internal economies of scale.
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Answer:
A) Type of Buying Situation
Explanation:
KAM refers to the Key Account Management and it represents an approach in product sales where the manufacturer or supplier of a product works in close contact with the consumer or client simply to get a better understanding of their common goals and also ensure that both parties achieve their objectives.
Since the objective of KAM is find out the buyer's goal or objective, the right choice is Type of Buying Situation.
Type of Buying Situation is an aspect of consumer behaviour monitoring where the actions of individuals, organisations or groups and their product decisions ranging from use, buying options, processes among others are studied. This is done buy manufacturers to better meet the need of the consumers and the society at large.
The new task being employed, the modified rebuy and straight rebuy options are Type of Buying Situation Major Decisions.
Answer:
there is only movement along the demand curve for apple juice.
Explanation:
The demand curve shows the graphical relationship between the price of a good or service and the quantity demanded at each point in time. It shows the quantity demanded at each price. There is an inverse relationship between price and quantity demanded, as the price increases the quantity demanded reduces (but demand itself stays the same) while If the price decreases, quantity demanded increases.
The price of orange juice falls from $2.49 a jug to $1.99 a jug, the demand curve remains the same, but there is only movement along the demand curve for apple juice.