Answer:
A. 15 units
B. $130
Explanation:
In order to solve this, we need to use the profit maximization condition for monopoly.
MR = MC will give us the optimal quantity and price for the monopolist.
The consumer's demand for the product is:
Qd = 80 - 0.5P
Therefore, we have:
P = (80 / 0.5) - (Qd / 0.5)
P = 160 - 2Qd
Recall that, Total Revenue:
TR = P * Q
So, in this case TR = 160Q - 2Q^2
MR = d(TR) / dQ = 160 - 4Q
Now, MR = MC
160 - 4Q = 100
4Q = 160 - 100
4Q = 60
Q = 60 / 4
Q = 15 units.
Now, P =160 - 2Q
P = 160 - 2(15)
P = 160 - 30 = 130
The optimal number of units to be placed in a package will therefore be 15 units while the firm should charge $130 for this package.
Answer:
A. the benefits or customer value received by users of the product.
Explanation:
Utility refers to the benefits or customer value received by users of the product. This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility. These utilities can be classified into four (4) main categories and these are;
1. Time utility: this is associated with the benefit or customer value received by users of a particular product when needed or at the right time.
2. Form utility: it is the satisfaction or benefits a customer receives from the provision of alternatives or production of close substitutes.
3. Possession utility: it involves making goods and services readily available for customers to purchase or use.
4. Place utility: it involves making a good provision of outlets or shops where customers can easily find or come to when purchasing products.
Answer:
OASDI maximum amount in any financial do change but for the year 2020, the OASDI limit is $137,700
if Carson is getting $2,700 each week
Carson will hit the OASDI limit in ($137,700/$2,700) weeks = 51 weeks.
Explanation:
Answer:
The statement is true
Explanation:
The Marketing department of any firm has to analyze the external economic conditions (such as inflation rate, unemployment rate, GDP growth, economic sector growh), and also, social conditions such as consumer preferences. This is because the firm cannot market itself in ways that are not compatible with external conditions.
The Marketing professionals also have to take into account competitors, both existing and potential, because there is a limited percentage of market share that each competing firm can have, and the goal of marketing is to increase the firm's marketshire in respect to the other firms.
