It can help their companies get heard because people who watch television will notice the advertisments and it willl be seen by a lot of people.
Hope this helps
Answer:
Apple's price/marginal cost ratio, Lerner index, and the elasticity of demand is 3.76, 2.76 and - 0.36 respectively.
Explanation:
a. The computation of apple's price/ marginal cost ratio is shown below:
Price/ marginal cost ratio = Price ÷ cost
= $331 ÷ $88 = 3.76
b. The computation of Lerner index formula is shown below:
Lerner index = (Price - marginal cost) ÷ price
= ($331 - $88) ÷ $88
= $243 ÷ $88
= 2.76
c. The computation of elasticity of demand is shown below
Elasticity of demand = - 1 ÷ Lerner index
= - 1 ÷ 2.76
= - 0.36
Hence, apple's price/marginal cost ratio, Lerner index, and the elasticity of demand is 3.76, 2.76 and - 0.36 respectively.
Product design and choices of location are examples of STRATEGIC decisions
Answer:
Option (A) is correct.
Explanation:
(i) Competitive market
(ii) Single price monopoly
(iii) perfect price discrimination
Consumer surplus are the highest in the perfectly competitive market conditions as compared to single price monopoly because prices are determined by the market forces and firms are the price taker.
Consumer surplus is zero when there is a perfect price discrimination because price is charged according to the willingness of the consumer.
Answer:
Explanation:
I think your question is missed of key information, allow me to attach the photo question below.
The quantity demanded is 30 units when the price is 60, we use the reconciliation method on the demand line.
