A marketing plan is developed by a company to show the strategy and actions necessary to make sure everything within the business is handled and marketed properly. Without good marketing, it’s hard to say how well the products and company will do long term, so starting off strong with a well-developed, focused plan is important. All marketing details including costs, goals, and actions are written out in a detailed marketing plan.
Answer:
<u>Requirement 1:</u> Production Output will be 61.42 Units.
<u>Requirement 2:</u> Production Output will be doubled.
<u>Requirement 3:</u> Constant Returns to Scale
Explanation:
<u>Requirement 1:</u>
The output at K=46 and N=82 is given as under:
Y = (46)^1/2 * (82)^1/2
Y = 61.42 Units
<u>Requirement 2:</u>
Now if we double "K" and "N" then:
Y' = (2K)^1/2 * (2N)^1/2
Y' = 2 [(K)^1/2 * (N)^1/2]
Y' = 2Y
This means that the output will be doubled.
<u>Requirement 3:</u>
Option A. Constant Returns to Scale
Constant returns to scale occurs when the increase in the input causes same proportional increase in the production output. Such same proportional increase in the production output is referred to as Constant Returns to Scale.
In the given scenario, as the production output doubles with the doubling of input which was seen in the requirement above. We can say that the production function is characterized by Constant Returns to Scale.
Suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her brief job search, she experienced frictional unemployment
<h3>What is frictional Unemployment</h3>
Frictional unemployment occurs when an individual is temporarily unemployed as a result of searching for new or better job.
This is a time of transition usually from an existing job to a new one.
Therefore, Suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her brief job search, she experienced frictional unemployment
Learn more on frictional unemployment below,
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It is critical for an organization to understand that eventually a product will go into the decline stage prepare to find replacement products.
<h3>What is the decline stage of the product?</h3>
Decline stage is the last stage of the product life cycle which comes after the after introductory stage, growth stage and maturity stage.
It is the stage when the sales drop and start to decline as original need for the product have diminished.
Decline is also the reason due to the innovation of the new product.
Learn more about the decline stage of a product here:-
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B is the answer <span>B- the rate remains the same , even if income increases or decreases
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