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vazorg [7]
3 years ago
14

The concept of markup under monopolistic competition would best be described as the attempt of firms to make their products look

like those of other firms in the industry, thus "marking them up" in a similar style.
a. difference between the marginal cost and the price of the monopolistic competitor.
b. difference between total revenue and total cost of the monopolistic competitor
c. difference between the average total cost and the price of the monopolistic competitor.
d. attempt of firms to mark up their prices above those of their rivals.
Business
1 answer:
Firlakuza [10]3 years ago
4 0

Answer:

The correct answer is the option A: Difference between the marginal cost and the price of the monopolistic competitor.

Explanation:

To begin with, the concept known as <em>"Markup" </em>in the field of business and economics refers to the difference in the price and the cost of a good that is able to sale. Moreover, the "markup" is added into the total cost of the production of the good in order to obtain a profit for the sale of that good, so therefore that it implicates the percentage that the producer gains for selling his product to a consumer. So that is why this concept is understood as that difference comprehended between the sale price and the cost of the good produced.

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sammy [17]

Although upselling and cross-selling are effective with existing customers, cross-selling is more likely than upselling to<u> A. improve </u><u>customer retention rate</u>.

<h3>What is customer retention?</h3>

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When a customer is retained, there is always increased revenue from repeat purchases.

Customer retention increases brand loyalty.

Question Completion with Answer Options:

A. improve customer retention rate.

B. satisfy customer needs

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D. increase customer profitability.

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6 0
1 year ago
Match each certification to its purpose
sveta [45]
First one7,6,65,and last 3
5 0
3 years ago
Read 2 more answers
On April 1, Townsley Company sold merchandise with a selling price of $10,000 on account to Trout Company, with terms 3/10, n/30
mamaluj [8]

Answer and Explanation:

The journal entry is shown below:

Cash $8,730

Sales Discount ($9,000 × 3%) $270

       To Accounts receivable $9,000 ($10,000 - $1,000)

Here cash and sales discount is debited as it increased the assets and discount while on the other hand the account receivable should be credited as it reduced the assets  

3 0
2 years ago
Redwood Corporation is considering two alternative investment proposals with the following​ data: Proposal X Proposal Y Investme
Nady [450]

Answer:

6.1%

Explanation:

As per given data

                                                             Proposal X     Proposal Y

Investment                                           ​$900,000      ​$488,000

Useful life                                             ​9 years           9 years

Annual net cash inflows for 9 years ​  $130,000       ​$84,000

Residual value  ​                                   ​ $42,000        $0

Depreciation method                          Straight-line   Straight-line

Required rate of return ​                       15%                 ​12%

Accounting rate of return is the ratio of average net income of a project and the average investment made in the project.

Accounting rate of return = Average Net income / Average Investment

As net cash inflows are given we need to deduct the depreciation from the cash flows to arrive at the net income for the period. As all cash flows are constant so, the average value will be equal to the single years value.

Average net income = Net cash inflows - Depreciation = Net cash inflows - ( Cost of Asset - Residual value ) / Useful life of asset = $84,000 - ( $488,000 - $0) / 9 = $84,000 - $54,222 = $29,778

Average Investment  = $488,000

Placing Values in the formula

Accounting rate of return = $29,778 / $488,000 = 6.1%

5 0
3 years ago
For each of the following statements, draw a diagram that illustrates the likely effect on the market for eggs. Indicate in each
zlopas [31]

Answer:

Please find the diagrams in the attached images

Explanation:

A) If a surgeon warns that high-cholesterol foods cause heart attacks, the demand for eggs would fall because eggs are high in cholesterol. The fall in demand would shift the demand curve to the left , price and quantity would fall.

B. Complementary goods are goods consumed together. If the price of a complementary good falls, the demand for the other good increases. If the price of bacon falls, the demand for eggs would increase. The demand curve would shift to the right, the price and quantity would increase.

C. If the price of chicken feed increases, the cost of producing eggs increases and the quantity supplied falls. The supply curve shifts to the left, prices rise and quantity falls.

D. If Caesar salad becomes more trendy, the demand for eggs increases. The demand curve shifts to the right, price and quantity increases.

E. Technological innovation would increase the quantity supplied. The supply curve would shift to the right, price falls and quantity increases.

I hope my answer helps you

3 0
3 years ago
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