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3 years ago

Specialty shops:

Business

1 answer:

oksano4ka [1.4K]3 years ago

4 0

Answer:

C. Rely heavily on knowledgeable salesclerks.

Explanation:

A specialty store is explained to be a shop, usually retail, that offers specific and specialized types of items. They always seem to focus on selling a particular brand or a particular type of product. For example, a store that exclusively sells cell phones or video games would be considered specialized.

By this definition, the store can carry a diverse range of products. Though a store might specialize in clothing, the garments could be for children, teens, or adults.

Because of its size and managerial standards it is likely denoted that it rely heavily on knowledgeable salesclerks for progress, results and mostly accounts and computation.

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3 years ago

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3 years ago

You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 78 − 15Q, where Q =

Leona [35]

Answer:

correct option is B. 40.5

Explanation:

given data

P = 78 - 15 Q

Q = Q1 + Q2

MC1 = 3Q1

MC2 = 2Q2

to find out

What price should be charged to maximize profits

solution

we get here first total revenue and marginal revenue that is

total revenue TR = P × Q .......1

total revenue TR = 78Q - 15Q²

and

marginal revenue MR = $\frac{change\ in\ TR}{change\ in\ Q}$

marginal revenue MR = 78 - 30Q

now we get here

marginal revenue MR = MC1 = MC2

put here value

78 - 30Q1 - 30Q2 = 3 Q1 or 33 Q1 = 78 - 30Q2 ......................................a

78 - 30 Q1 - 30 Q2 = 2 Q2 or Q2 = 78 - 30Q1/32 ................................b

by equation a and b we get here

33 Q1 = 78 - 30 (78 - $\frac{30Q1}{32}$ )

so here Q1 = 1 and

Q2 = 78 - $\frac{30*1}{32}$

Q2 = 1.5

so that Q will be

Q = Q1 + Q2

Q = 1 + 1.5

Q = 2.5

now we get value of P that is

P = 78 - 15 Q

P = 78 - 15 (2.5)

P = 40.5

so charged to maximize profits is 40.5

so correct option is B. 40.5

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3 years ago