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romanna [79]
3 years ago
8

The key to setting a price for a product is finding an approximate price level to use as a reasonable starting point. Four commo

n approaches to selecting an approximate price level are: (1) demand-oriented; (2) cost-oriented; (3) __________; and (4) competition-oriented approaches.
Business
1 answer:
noname [10]3 years ago
4 0

Answer:

Profit oriented

Explanation:

Price level is the approach which is referred to as the purchasing power of money. This is analyzed by the basket of goods approach, in which the consumer grounded goods and services are examined in total.

There are 4 usual approaches for finding the approximate price level for the service or product, and that are competition-oriented pricing., cost oriented, demand oriented and profit oriented.

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Rocky Mountain Bottling Company produces a soft drink that is sold for a dollar. At production and sales of 800,000 units, the c
vaieri [72.5K]

Based on the fixed costs of the Rocky Mountain Bottling Company, the contribution margin per unit is $0.40 per unit

<h3>How is the contribution margin found?</h3>

First, find the variable costs:

= 300,000 + (250,000 - 70,000)

= $480,000

The contribution margin per unit is:

= (Sales - variable costs) / number of units

= (800,000 - 480,000) / 800,000

= $0.40 per unit

Find out more on contribution margin at brainly.com/question/24309427

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5 0
1 year ago
Comparative advantage can be measured by:
grigory [225]

Answer: To determine comparative advantage you have to calculate per unit opportunity cost using the formula give up/gain (the amount of good you are giving up divided by the amount of good you are gaining). Once you have calculated per unit opportunity cost, the country with the lowest one has a comparative advantage

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2 years ago
On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $3,500,000 for $5,000,000. Rigsby appropriately uses the i
qaws [65]

Answer:

In 2022, Rigs-by gross profit=$682,500

Explanation:

Profit=Price at which land is sold- Actual price of land

Profit=$5,000,000- $3,500,000

Profit=$1,500,000

Gross Profit=Profit/Price at which land is sold

Gross Profit=$1,500,000/$5,000,000

Gross Profit=0.3=30%

In 2022, Rigs-by gross profit=Gross\ Profit*\frac{Price\ at\ which\ land\ is\ sold\ -\ down\ payment }{2}

In 2022, Rigs-by gross profit=0.3*\frac{\$5,000,000-\$450,000}{2}

In 2022, Rigs-by gross profit=$682,500

8 0
3 years ago
Can someone pls solve 2.10 for me ?
frozen [14]

Answer:

A, B, F

Explanation:

3 0
2 years ago
The short run is defined as A. a period of time of five years or less. B. the period of time in which all factors of production
allochka39001 [22]

Answer:

C. the period of time in which at least one factor of production is fixed.

Explanation:

  • The short-run is a condition, were some controls and market are not in fair equilibrium, some factors like the variables and other that are foxed have limited entry or exit to the industry.  
  • In the macroeconomics a long run is a time when the general price, and contractual wage rates, along with the expectations are adjusted entirely to the states of the economy. and this contrast to the short-run where the variable is not fully fixed or adjusted.
  • <u>The short-run for a firm will increase the production of the marginal costs is less than the marginal revenue. The transition from the short to the long-run market equilibrium may be done on considering the supply and demands.</u>
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3 years ago
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