It does not necessarily count as public good because a camp ground is not a good method of showing importance of the national park as the park is open to the public and should be respected in any means possible as they are open to the public and having it as a campground is not a way of showing its importance.
Answer:
The correct answer is (b) Nextflix supplies 250 subscriptions and Flixbuster supplies 250 subscriptions.
Explanation:
Solution
Now,
A monopolist would supply where the total revenue is Maximum
So, quantity produced = 500 where each will produce 500/2
=250 units
Therefore from the given question stated as, If the two firms operating in this market agreed to each supply one-half of the quantity a monopolist would supply, the contract would specify that: Nextflix supplies 250 subscriptions and Flixbuster supplies 250 subscriptions.
Answer: Option E
Explanation: Marketing process is a process of analyzing market environment for identifying potential opportunities and threats.
The first step in marketing process is understanding the needs and wants of customers. This is done by the organisations by doing market research or by doing market surveys from various mediums. This step has to be done carefully as all the upcoming steps in the process will get affected from it.
Thus, from the above we can conclude that option E is correct.
Answer:
Explanation:
The main problem with the uneven distribution of information is that the people with more information can make decisions and judgements prior to the group meeting and can lead the group discussion to decisions they have already made,
Contribution=Selling Price*Contribution Ratio
=25*.06
=$15
Variable Expense=Sales-Contribution
=25-15
$10
When Selling price=$28
Contribution=$28*.06
=$16.8
Variable Expense=28-16.8
=$11.2
Increase in variable=11.2-10
=$1.2
