An enterprise's profit-maximizing amount is discovered where the marginal revenue curve intersects with the marginal fee curve.
In economics, profit maximization is the quick run or long run technique by way of which a firm can also decide the fee, input, and output stages that cause the best profit. Neoclassical economics, presently the mainstream approach to microeconomics, usually fashions the company as maximizing profit. The income-maximizing quantity is the only at which the marginal sales of the final unit turned into exactly the same as the marginal value. any other way of placing that is that the amount at which the marginal cost curve intersects the marginal sales curve. generating any more or less might lower earnings.
Marginal sales (MR) is the growth in sales that effects by the sale of one additional unit of output. while marginal revenue can stay consistent over a positive stage of output, it follows the law of diminishing returns and could finally gradually down as the output level will increase. To calculate marginal sales, you take the total alternate in revenue and then divide that through the alternate within the number of devices sold. The marginal sales method is marginal sales = alternate in total sales/alternate in output.
The marginal price curve usually intersects the average total value curve at its lowest factor due to the fact the marginal price of making the subsequent unit of output will continually have an effect on the average general price. As a result, as long as the marginal fee is less than the common overall price, the common overall fee will fall.
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Answer:
Niche Marketing
Explanation:
Niche marketing is a form of marketing/advertising strategy whereby the producer or organization focuses on a particular group or type of target market. It is a marketing strategy that involves focusing on a small segment of a larger market. It is aimed at solving the needs of a unique target market. In this case, the target market is kids or young customers belonging to the age group of between 5 - 12 years of age.
Answer: Contingent theory
Explanation:
The Contingent theory of management believes that management cannot possibly know the best way to manage the activities of a company because things could go wrong at any time.
The theory goes further to suggest that the best bet that a company has is to try to align its internet environment to its external environment. In other words, it should align its corporate culture with the culture of the environment that it is based in.
I say false because you would need to know what they like or dislike
Answer:
Option "B" is the correct answer to the following question.
Explanation:
Price-setters is a community or individual, who set a fair price for a particular commodity or product, these types of Individual or community has a higher quality of goods or product that gave him the ability to set his prices.
Other firms are called price taker who depend on the market price
Price-setters firms use a pricing approach.
