Answer:
The correct word for the blank space is: states.
Explanation:
Italian economist Vilfredo Pareto (<em>1848-1923</em>) proposed the 80/20 rule in which he explains 80% of the effects of anything are the result of 20% of the causes of something. When applied to the sales world, it implies 80% of an individual sales come from only 20% of the individual's customers.
Answer:
The accounting profits are $100, and the economic profits are $25
The option C. is correct
Explanation:
Accounting profit: The accounting profit is computed by subtracting the sales amount with the expenses.
In mathematically,
Accounting profit = Sales revenue - expenses
= $150 - $50
= $100
In this, the expense is the seeds cost
And, the economic profit is calculated by subtracting the accounting profit with the implicit cost
In mathematically,
Economic profit = Accounting profit - implicit cost
= $100 - $75
= $25
The implicit cost is computed by
= Per hour piano charges × number of hours
= $15 × 5
= $75
Hence, the accounting profits are $100, and the economic profits are $25
Complete Question:
Mint-Microprocessors Corp. learned that its biggest competitor dropped prices dramatically in the European market. In response, Mint-Microprocessors decided to do the same in Asia. This resulted in the competitor minimizing its aggressive stance and returning to earlier price points. This is an example of ________ pricing.
Group of answer choices
A. prescriptive
B. dumping
C. multipoint
D. predatory
E. leader
Answer:
C. Multipoint.
Explanation:
In this scenario, Mint-Microprocessors Corp. learned that its biggest competitor dropped prices dramatically in the European market. In response, Mint-Microprocessors decided to do the same in Asia. This resulted in the competitor minimizing its aggressive stance and returning to earlier price points. This is an example of multipoint pricing.
A Multipoint pricing refers to the situation, where two or more firms compete and a firm's pricing strategy in one market (international trade) basically has an impact on the rival firm's pricing strategy in another market (international trade).
Answer:
Option (B) is correct.
Explanation:
Producer surplus is defined as the difference between the current market price of a good and the amount or cost incurred by the firm to produced the good. If the producer will be able to get the higher price for a good than the full cost of production of that good then he will earn the producer surplus.
Graphically, the producer surplus is represented by the flat top.
Answer:
The correct answer is c) neural network .
Explanation:
Neural networks (also known as connectionist systems) are a computational model vaguely inspired by the behavior observed in their biological counterpart. It consists of a set of units, called artificial neurons, connected to each other to transmit signals. The input information crosses the neural network (where it undergoes various operations) producing output values.
Each neuron is connected to others through links. In these links the output value of the previous neuron is multiplied by a weight value. These weights in the bonds can increase or inhibit the activation state of adjacent neurons. Similarly, at the exit of the neuron, there may be a limiting function or threshold, which modifies the result value or imposes a limit that must be exceeded before spreading to another neuron. This function is known as the activation function. Artificial neural networks (also known as connectionist systems) are a computational model vaguely inspired by the behavior observed in their biological counterpart. It consists of a set of units, called artificial neurons, connected to each other to transmit signals. The input information crosses the neural network (where it undergoes various operations) producing output values.
