Answer:
($500,000)
Explanation:
Economic profit = revenue - explicit costs - implicit costs (opportunity cost)
The revenue is = $3.00 x 250,000 peaches
= $750,000
The explicit costs are = land cost + equipment rent + salaries
= $1,000,000 + 50,000 + 140,000
= $1,190,000
The implicit costs are = interest income + earnings as a shoe salesman
= $20,000 + $40,000
= $60,000
Economic profit = $750,000 - $1,190,000 - $60,000
= ($500,000)
Thus, the farmers' total economic profit is actually a total economic loss of $500,000
1. According to it's definition the answer is: <span>Information collected from marketing surveys is an example of primary data. If I got it right, it's first-hand investigation.</span>
2. In my view correct answer is: The real value of marketing research is the A. Customer insight, the information that can give a company a strong advantage over the competition. Company creates customer insight's team which makes a research about customers' desires and trends.
3. I'm definitely sure that this is the answer: The results of market research are used to identify the D. Target Marketing for a product. Market research helps the company to define target market. It directly links company and customer.
4. I think that this is correct option: <span>B. It includes information not usually accessible to a company. Secondary data is opposite to primary. You can find secondary data on forums or other sources.
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5. When starting to gather data, marketing researchers typically begin with C. <span>Secondary data. Secondary research is the best way to define your target market as it includes information obtained from different online resources.
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6. According to the definition given above, I'd more likely to choose this option: <span>D. Certain private behaviors are unknown and cannot be observed.
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7. As far as I remember, the data collection method used in this example is exploratory research. Exploratory research provides information for a problem that hasn't been studied before.
8. I'm pretty sure that the answer is C. Data mining. Data mining is the process of analyzing and summarizing huge amount of data. Clustering is the most common way to make the analysis of any data base as simple as it possible.
9. I think that A. Interpretation is needed to make the results useful. Interpretation is the process which assigns meaning to every database component and then leads to certain conclusions.
10. According to the information given above, the answer is: The data collected in this example is <span>B. Quantitative</span> data. Quantitative data is the set of numerical variables.
Answer:a preprinted insert
Explanation:Preprinted inserts are often used by advertisers who want to use a heavier paper stock than the carrier publication and/or who want to have control over print quality and color.
To answer this question, you must first organize your thoughts. Make a list of reasons why you would believe that you would make a good candidate, then put them into a rough draft. lastly, edit and submit.
Answer: Disadvantage of -$5,800
Explanation:
Incremental sales revenue if processed further and sold = (12 - 10) * 2,200
= $4,400
Additional cost = $10,200
Financial Advantage(Disadvantage) = Incremental revenue - Additional cost
= 4,400 - 10,200
= -$5,800
