Answer:
Meatball prices will exceed marginal cost.
Explanation:
Taking on account that Angelo is the only meatball's provider in the area, he is the only actor in his market segment. If he wants to maximize the profit for his business the meatball prices will exceed marginal cost; there are two ways to make it possible for the product. the first option is to reduce the marginal cost through the reduction on the cost prices, it will reduce the total marginal cost and give a higher profit.
The second option involves rising the prices, in this case, as Angelo has the market's control he can rise the prices,as a result, the marginal cost will be the same but the meatball's prices will be higher increasing the profit.
Answer:
3. cannibalization
Explanation:
Cannibalization is a decline in the sales of one or more product when a new product is introduced into the market by the same producer.
When Prisly Inc introduced Gwen 2.0, the sales of other cars produced by Prisly fell.
Answer: D. less than
Explanation:
Firms generally maximise output at the point where Marginal Revenue equals Marginal Cost. Any output greater than this point will lead to a higher amount of marginal cost being incurred vs marginal revenue which also means that a higher proportion of total cost was being incurred.
If a company therefore decides to remedy this and reduces output, this will lead to a fall in both revenue and cost. However, because the cost had been higher past that point, when it falls back to the maximising level, costs will fall more than revenue so that marginal revenue will equal cost again. This also means that total cost would fall more than total revenue.
Answer:
One motive that Dominic might have was that he has always wanted to become an entrepreneur and his grandmother wants him to take over the shop for her since his cake-making skills had very much improved since he started. And another motive Dominic had was that there was not a lot of jobs open for him in the area, so he was glad to help.
Explanation:
0.00547645125%
5 / 913 = 0.00547645125
