Answer:
Explanation:
The excel was created. The User has to enter the year that the vehicle was purchased and it will automatically calculate the resale value of the vehicle where it says "Resale Value in 2020: ". The excel sheet and proof of output is attached below.
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xlsx
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Given:
Old Price of book =P100
Let X= Change in quantity
Let Y= Change in Price (10%)
The formula for price elasticity
is:
Price
Elasticity = (% Change in Quantity) / (% Change in Price)
.50=X/Y
-.50=X/(10)
x/10=.50
X=.50(10)
X=5
Let Z=New
Quantity Demanded
Z=100+.05(100)
Z=100+5
Z=105
Let A=New
price
A= 100+.10(100)
A=100+10
A=110
New Total
revenue =Z(A)
=105*110
<span>=11,550</span>
When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids the extra costs of developing and producing additional versions of the product.
For better understanding, lets explain the term
- Market segmentation is simply known as the act of gathering or aggregating known buyers into groups that have common needs and will respond almost the same to a marketing action.
- Organization that makes only a single product or service do try to avoids any extra costs that may arise because they want to focus on just one thing
From the above, we can therefore say that the answer When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids tahe extra costs of developing and producing additional versions of the product.
Learn more from:
brainly.com/question/14950217
Answer:
B
Explanation:
The marginal cost of producing food is $25, which is greater than the price of selling the food.
At this point the firm is incurring a loss. In order to improve profit margins, the firm should reduce the amount of meals been produced, so that profit would increase