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dybincka [34]
3 years ago
8

What did the economist A.C. Pigou think the relationship was between advertising and monopolistic competition? A.C. Pigou though

t that advertising by monopolistically competitive firms will have a slightly positive net effect in the market. A.C. Pigou thought that advertising by monopolistically competitive firms will have a net positive effect in the market. A.C. Pigou thought that advertising by monopolistically competitive firms will have a net negative effect in the market. A.C. Pigou thought that advertising by monopolistically competitive firms will not have any net effect in the market
Business
1 answer:
SOVA2 [1]3 years ago
5 0

Answer:

The correct answer is letter "D": A.C. Pigou thought that advertising by monopolistically competitive firms will not have any net effect in the market.

Explanation:

English economists Arthur Cecil Pigou (1877-1959) in his book "<em>The Economics of Welfare</em>" (1920) where he stated expenses on advertisement by firms in monopolistic competition neutralize one another as if the advertisement had never been promoted. This is because products under those market schemes are so different one from another that advertising itself does not generate a big impact on consumer patterns.

Pigou is also known for his work on the <em>welfare economy, business cycles, </em>and <em>unemployment.</em>

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A hairdryer manufacturer produced a new model that could dry a person's hair in under five minutes. When customers used this hai
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Answer: Fairness and Honesty

Explanation:

Fairness and honesty are vital to every business ethics and it related to thee general values of the decision makers. Firms are expected to follow applicable laws and regulations and are expected not to cause harm or injury to employees, customers, clients, or competitors through coercion, deception,misrepresentation, or discrimination.

False and misleading advertising can lead to business failure, hence, Truthfulness about a produt's safety and its quality are also vital to consumers.

8 0
4 years ago
Which part or phrase in the passage describes a method of primary market research that Jeremy might choose?
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Answer:

The answer is B. I think.

Explanation:

7 0
3 years ago
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The degree of operating leverage can be measured by​ ________. A. multiplying the contribution margin by sales revenue B. dividi
Varvara68 [4.7K]

Answer:

Option C is the answer

Explanation:

The degree of operating leverage is measured by dividing the contribution margin by operating income.

The degree of operating leverage (DOL) is the ratio of contribution margin to operating income. It measures how much the operating income of a company will change in response to a change in sales. A Companies that have higher proportion of fixed costs to variable cost will have greater levels of operating leverage.

4 0
3 years ago
An entity has decided to focus strictly on producing and selling one type of teddy bear. For the upcoming year, the entity hopes
Yuki888 [10]

Answer:

29,143

Explanation:

Profit target = 25% on sales

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Variable cost = $9.50 per unit

Sales price per unit = $15

To achieve profit target, let the number of units sold be y

Total sales = 15y

Total variable cost = 9.5y

Profit = 0.25 × 15y

         = 3.75y

Sales - Cost = profit

15y - (51000 + 9.5y) = 3.75y

15y - 9.5y - 3.75y = 51000

1.75y = 51000

y = 51000/1.75

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29,143 bears must be sold to meet the profit goal.

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4 years ago
When producers would have been willing to accept lower prices at various quantities produced than the market clearing price, the
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PRODUCER SURPLUSE</span>
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3 years ago
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