The form of customer communication here is what is referred to as delivery status.
Given the FedEx tracking number that Alton has received, he would be able to get a customized and an in-depth tracking of the NFL jersey that he has ordered for his son.
The availability of a tracking number would also help to build his faith and confidence in the delivery service. This is because it is going to give him a timeline of his good that would help him to anticipate the delivery.
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Answer:
A. a monopoly faces a downward sloping demand curve.
Explanation:
In business, it is seen to occur because they have no competition, monopolists have no incentive to improve their products. A lot of their focus is instead placed on maintaining monopolistic conditions through bribing their way and other tactics that dissuade competitors from entering the market.
Demand curve slopes downward, this is said to decreases with each unit of production beyond the profit maximizing quantity and in the eyes of the monopolist, cash is lost with each additional unit been produced, causing marginal cost exceeds marginal revenue. This causes the restricted output and higher costs that characterize products produced by monopolists.
Because the demand curve slopes downward, marginal revenue decreases with each unit of production beyond the profit maximizing quantity. Thus, the monopolist loses money with each additional unit produced, as marginal cost exceeds marginal revenue.
Answer:
c. -$435.00
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation:
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
The correct answer is letter "C": the quantity of coffee sold can increase if the supply curve shifts to the right.
Explanation:
The demand theory establishes the relationship between the price of a good or service and the quantity demanded. If the price rises, the quantity demanded lowers -<em>the demand curve moves to the left</em>. If the price lowers, the quantity demanded rises -<em>the demand curve moves to the right</em>.
The supply theory states a direct interaction between the price of a good or service and the quantity supplied. It means if the price rises, the quantity supplied rises -<em>the supply curve moves to the right</em>. If the price lowers, the quantity supplied lowers -<em>the supply curve moves to the left</em>.
In this case, as the demand for the coffee has expanded, it could increase if the demand rises. If the demand rises there must be more supply of coffee which implies moving the supply curve to the right.
