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nignag [31]
3 years ago
12

Microsoft microsoft netscape $30 free netscape $30 $3 billion / $3 billion $-1 billion / $4 billion netscape free $4 netscape an

d microsoft can develop their own versions of an amazing new web browser that allows advertisers to target consumers with great precision. the new browser is easier and more fun to use than existing browsers. each browser has the same features and abilities. each firm is trying to decide whether to sell the browser for $30 or give it away free. can you help them decide? (2 points microsoft microsoft netscape $30 free netscape $30 $3 billion / $3 billion $-1 billion / $4 billion netscape free $4 billion / $-1 billion $2 billion / $2 billion
a. find the best strategy for each firm and explain why it is the best.
b. what is the economic profit of each firm based on your answer to
a.
Business
1 answer:
mario62 [17]3 years ago
6 0
Bro i don't know this is my brothers college homework

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For the following statement, move the endpoints of the demand curve to create the demand relationship that is described. "I spen
Akimi4 [234]

Answer:

Explanation:

"I spend more on orange juice even as the price rises".

This implies that orange juice is not an inferior good because people demand less of an inferior product when their prices fall. In this case more is demanded as price rises implying that orange juice is being viewed as a luxury good or healthy drink. Consumers tend to interpret certain price increase positively and view the goods as superior.

Does this mean that I must be violating the law of demand?

YES

Generally, the law of demand states that, "citeris paribus  (with all things being equal), as the price of a good rises, quantity demanded falls; conversely, as the price of a good falls, quantity demanded increases".

Therefore if "I spend more on orange juice even as the price rises", then obviously the law of demand is being violated

3 0
4 years ago
When only one party to a contract is mistaken about a material fact that is the subject matter of the contract, that party will
Genrish500 [490]
It would be a. hope that helps
8 0
3 years ago
Wyly Inc. produces and sells a single product?
Dima020 [189]

Answer:

The break even point in monthly dollar sales is closest to: $566,100 (or 3,330 units at a price of $170)

Explanation:

Hi, first let´s introduce the break-even point equation:

BEP(units)=\frac{Fixed Expenses}{Price-VariableCost} =[Units]

BEP(Dollars)=BEP(Units)*Price

Therefore, let´s find the BEP in units first

BEP(units)=\frac{356,643}{170-62.90} =3,330

So, the break even point in units is 3,330, let´s find the BEP($)

BEP(Dollars)=3,330*170=566,100

The break-even in monthly dollar sales is $566,100

Best of luck.

3 0
4 years ago
In an economy, the government wants to increase aggregate demand by $50 billion at each price level to increase real GDP and red
Tems11 [23]

Answer:

(B) $20 billion

Explanation:

Given a certain level of MPC, an increase in government spending (G) by a certain amount translates to an increase in aggregate demand (AD) through the relationship below.

ΔAD = \frac{ΔG}{1 - MPC}

where Δ means <em>change.</em>

<em />

Therefore, given ΔAD of $50 billion, and MPC of 0.6,

ΔAD = \frac{ΔG}{1 - MPC}

= 50 = \frac{ΔG}{1 - 0.6}

= 50 = \frac{ΔG}{0.4}

= ΔG = 50 * 0.4 = 20

Therefore, increase in government purchases = $20 billion.

3 0
3 years ago
Patricia is a business owner who is trying to determine her cost of goods sold for the current year. She bought 20 units of inve
Mama L [17]

Answer:

30 units at a cost of $14,80

Explanation:

The table shows purchases sales and balance with its corresponding number of units and cost. Before Patricia sold 30 units, she had 64 units available but not all of them cost her the same. The FIFO inventory method is "First in First out" which means Patricia is going to sell the first units she bought, if she needs more then she goes to the second purchase and so on.  

So, if she sold 30 unit then she is going to use the first 20 units she bought at 11$ ($0,55 per each unit), but she is missing 10, then, she is going to take 10 units from the second purchase of 26 units at $10 ($0,38 each unit).  

To know the cost of goods sold we need to multiply each unit sold by its cost per unit:

20 units x $0,55 = $11  

10 units x $0,38= $3,8

Then we add:

$11+$3,8= $14,80. This is the total cost of goods sold (if we assume $ 11 was the total cost for 20 units and $10 was the total cost for 26 units)

3 0
4 years ago
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