If AR is constant, MR is equal to AR. Both are indicated by the same horizontal straight line(a situation of perfect competition)
<h3>What is the marginal revenue curve for a perfectly competitive firm?</h3>
- Marginal revenue for a company with perfect competition is the same as average revenue and pricing.
- This suggests that at values bigger than the average variable cost, the firm's short-run supply curve is its marginal cost curve.
- The company closes if the price falls below the average variable cost.
Marginal revenue is the change in total revenue when one more unit of a commodity is sold.
MR= change in TR/change in quantity sold
Average revenue refers to revenue per unit of output.
AR=TR/Q
Relationship between AR and MR:
If AR is constant, MR is equal to AR.
Both are indicated by the same horizontal straight line(a situation of perfect competition)
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Answer: E) Recoding
Explanation:
Recoding refers to the changing of a variable to better suit the needs for which the variable is being collected.
The variable's parameters can be redefined using recoding to either include more information or less so that the result can be more reflective of the situation on ground.
In mixing the lowest income category with the next lowest, recoding would have occurred.
Answer:
Reduce the amount of media violence.
Explanation:
Reducing crime reducing situational stains is the method to minimize the impact of crime and being it public. Media is the most effective way which reports details of crime very quickly. Agnew and Brezina had tried to reduce the impact of crime and avoid distribution of details to public about the reported crime to reduce situational stains.
Answer:
C. They fail to incorporate cash flows beyond the first year of the analysis.
Answer:
Topic: Customer focused Listening Workshop
Explanation:
Begin with the introduction of who is a customer and the definition of terms or words like listening and focused.
Thereafter, highlight the various types or categories of customers and their various behaviors. Back it up with possible images or signs that represents their various behavioural pattern
Then proceed to explain the ways to listen to them and get them in order to get them to purchase or secure their loyalty to your product and services.
Also explain how glistening to a customer could have its pros and cons in terms of been positive and negative to your product and services.
Coin out a question such as 'How would you manage a customer with temperament, such that you must get him to patronize your product or services using the listening approach?'
Do a small group session to discuss the above question for about five minutes and make them to report back to the general house.
Take some moment to do a final summary, conclusion and recommendations before closing the workshop.
