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4 years ago

Suppose you are trying to understand the effect that an increase in the price of grapes will have on the market for wine.

Business

1 answer:

NemiM [27]4 years ago

4 0

Answer:

The correct answer is option d.

Explanation:

The most effective model to understand the effect of change of a variable on other variable is by assuming other factors to be constant. This simplifies the model and helps in easily understanding the relationship between the two variables.

Though the assumption of other things being constant does not apply in the real world, it is still used as otherwise change in other factors would complicate the model. If several factors change it would be difficult to understand the relationship between variables.

Here, to study the effect of change in the price of grapes on the market for wine, it is necessary to assume other factors such as income, consumer preferences, etc to be constant.

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With respect to advertising, _____ opinion leadership can involve presenting the results of surveys showing that a high percenta

Bad White [126]

The answer is stimulating.

3 0

3 years ago

CakeCo, Inc. has three operating departments. Information about these departments is listed below. Maintenance is service depart

anzhelika [568]

Answer:

$6900

Explanation:

The allocated maintenance cost to baking department is the fair share of baking department from the total maintenance cost incurred based on the floor space that the department occupied compared to other departments.

Allocated maintenance=total maintenance cost/total floor space*baking department's floor space

total maintenance cost is $13,800

baking department's floor space=3450 sq ft

total floor space=2,300+3450+1150=6900 sq.ft

allocated maintenance cost=$13,800/6900*3450=$6900

3 0

3 years ago

A cell phone company has a fixed cost of $1,500,000 per month and a variable cost of $20 per month per subscriber. The company c

Lubov Fominskaja [6]

Answer:

a. Break-even point = Fixed Cost divided by Contribution per unit

= $1,500,000/$19.95

= 75,188 subscribers

b. New break-even point = $1,500,000/$24.95

= 60,120 subscribers

c. Subscriber base = 73,000

less dropped subscribers 10,000

adjusted subscribers = 63,000

The company will still be profitable because it will break-even with 60,120 subscribers. The excess 2,880 (63,000 - 60,120) subscribers after the break-even point of 60,120 will cause the company to make some profit.

Explanation:

a) Data and Calculations:

Fixed cost = $1,500,000 per month

Variable cost $20 per month per subscriber

Charges to customers per month $39.95

Contribution = $39.95 - $20 = $19.95

New variable cost = $25

New monthly charge = $49.95

Contribution per unit = $49.95 - $25 = $24.95

4 0

3 years ago

What is meant by pie - chart? Discuss the process of its formation??<br>

Rus_ich [418]

A pie chart (or a circle chart) is a circular statistical graphic, which is divided into slices to illustrate numerical proportion. In a pie chart, the arc length of each slice (and consequently its central angle and area), is proportional to the quantity it represents.

6 0

2 years ago

Which of the following is a marketing metric used to analyze website traffic and tracks the number of visitors who enter a site

sesenic [268]

Answer:

A. Bounce rate is the correct answer.

Explanation:

Bounce rate is a kind of network analytics that measures the percentage of the people visiting and leaving the website.

The bounce rate is one of the major metrics which is used to know how properly the website is working.

The bounce rate is determined by tracking the total number of single-page visits and then dividing it by the entire visits.

8 0

3 years ago