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IRINA_888 [86]
3 years ago
11

Suppose that the only café in town can sell five fish dinners per night at a price of $10 each. If this monopoly firm wants to s

ell six fish dinners, it must reduce the price to $9 each. When the business pursues this strategy to increase sales, the marginal revenue from the sixth dinner sold is:
a. $4.
b. $54.
c. $9.
d. $50.
Business
1 answer:
UNO [17]3 years ago
4 0

Answer:

a.$4

Explanation:

initial price of fish dinner per piece was= $10

no. of fish dinner sold = 5

total initial revenue= 5*10= $50

new price of fish dinner = $9

and now six  fish dinners are sold

new revenue= 6*9= $54

therefore the marginal revenue from the sixth dinner sold= 54-50= $4

hence option a is correct

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murzikaleks [220]

Answer:

a) 7.93%

b) 58,000 dolllars

Explanation:

a) We want to increase the profits by 5,000 thus we divide by our current supply chain cost to know how much do we need to decrease it:

5,000 / 63,000 = 0.0793 = 7.93%

b) material cost if estrategy is success:

original cost less 5,000 cost reduction

63,000 - 5,000 = 58,000

3 0
4 years ago
North Side Wholesalers has sales of $948,000. The cost of goods sold is equal to 68 percent of sales. The firm has an average in
Masteriza [31]

Answer:

13 days

Explanation:

We are to calculate the days of inventory on hand.

Days of inventory on hand = number of days in a period/ inventory turnover

Inventory turnover = Cost of goods sold / average inventory

Cost of goods sold = 0.68 x $948,000 = $644,640

Inventory turnover = $644,640 / $23,000 = 28.027826

Days of inventory on hand = 365 / 28.027826 = 13.02 days

I hope my answer helps you

5 0
3 years ago
Before using them on the grill wooden skewers be
dolphi86 [110]

Answer:

soak them in warm water

Explanation:

answer soak them in water D

3 0
3 years ago
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Stolb23 [73]

Answer:

Letter A is correct. <u>Benefit segmentation.</u>

Explanation:

Benefit segmentation is a marketing strategy that consists of dividing your audience according to the benefits or advantages perceived by the consumer when purchasing a product or service. Segmentation can occur according to various variables such as performance, customer service, special features, quality, and more.

There are several benefits added to this benefit segmentation strategy, especially the conversion of interest in the product or service into new customers, as well as customer retention and satisfaction.

To be successful and achieve the benefits described, segmentation must be designed and targeted to create marketing and advertising that engages the customer and assists in building brand value.

4 0
3 years ago
Which is not a reason for supporting ethical relativism?
raketka [301]

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3 years ago
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