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natta225 [31]
3 years ago
8

Consider firms that introduce new​ products, such as DVDs in 2001. When firms introduce new​ products, how do they typically det

ermine the price elasticity of demand for those​ products? Firms with new products often A. guess price elasticity of demand based on market competition. B. identify price elasticity of demand by asking for government assistance. C. identify price elasticity of demand by using price controls to set price floors. D. estimate price elasticity of demand by experimenting with different prices. E. approximate price elasticity of demand with market signals such as surpluses.
Business
1 answer:
lyudmila [28]3 years ago
5 0

Answer:

D. estimate price elasticity of demand by experimenting with different prices.

Explanation:

Price elasticity of demand is an economic concept which is a measure of the sensitivity of customers willingness to buy something to its price. If the customers readily change their buying behavior with a change in price of the product, it would mean that the demand for the product is elastic.

When firms are introducing new products, they generally determine the best selling price by experimenting with different prices and observing the buying behavior of customers. Then the choose the price which produces the maximum amount of revenue for the firm, which entails the price of the product and number of units sold.

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Correct answer is D, Unit variable cost remains and unit fixed cost decrease

Explanation:

The relationship between sales volume and unit fixed cost is<em> </em><em>inverse</em>. Which means, the larger the volume increase of sales, the smaller the unit cost fixed cost in the period. No matter how much is the increase in sales, the total fixed cost REMAINS, that is why it affects only on per unit cost. VARIABLE UNIT COST on the other hand, is constant and will never be affected on the increase in sales volume. The relationship between total variable cost and sales is <em>directly proportional</em>.

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3 years ago
According to efficient market​ theory, which of the following can best predict the stock price of a particular company​ tomorrow
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B. a finance professor who knows a lot of investment theory

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Which actions can the mentor take to develop effective leadership qualities in the aspiring leader? Select all that apply.Modeli
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Modelling behaviour , giving timely feedback , providing appropriate advice

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Activities of the mentor are vital to developing leadership abilities in aspiring leaders. The rules and regulations they apply are important because aspiring leaders follow them, and will eventually implement. Moreover, Mentor should focus on modelling behaviours, giving timely feedback, providing appropriate advice, effective communication because these are some of the important activities which develop an aspiring leader.

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The nielsen company provides ratings for the tv industry. ratings are calculated from what sources? (multiple correct answers -
alexandr1967 [171]

The Nielsen company provides ratings for the TV industry. Ratings are calculated from following sources:

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<h3>What is DVR?</h3>
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  • Networks are increasingly more interested in ratings over a time period than just the date and time the show aired because of the time-shifting nature of DVRs.
  • DVR systems process data at the recorder.
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brainly.com/question/2681596

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2 years ago
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