<span>A monopolist sells 6 units of a product per day at a unit price of $15. if it lowers price to $14, its total revenue increases by $22. this implies that its sales quantity increases by: 8 units.
To solve for the original sales amount: (6 units)($15) = $90
Next find the new unit amount: (8 units)($14) = $112
The difference between these two is a $22 sales increase which means to have the difference in sales be $22 there were 8 units sold instead of 6 units.
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Answer:
The correct answer is letter "B": production by U.S. citizens wherever they work in the world.
Explanation:
Gross National Product or GNP is one of a range of indicators economists use to calculate the economic output of a country. GNP is the market value of all goods and services produced by a country's citizens for one year, whether those goods were manufactured inside the country or produced elsewhere.
Answer:
D. determine any gaps between the skill sets of an employee and the level of skills required for the job position
Answer:
Heterogeneous-shopping products(Shopping product)
Explanation:
Products can simply be said to be services, events, places, ideas, person e.t.c.
There are four types of consumer product classes namely:convenience, shopping, speciality and unsought.
Shopping products are homogeneous and heterogeneous in nature.
Homogeneous shopping products usually need enough exposure to facilitate price comparison; they differs in style, comparison, quality and price sensitivity is high e.g housing.
More demand = more supply
Not sure but hope this helps.
