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3 years ago

Which answer best explains the concepts of pricing?

Business

1 answer:

Sonja [21]3 years ago

7 0

Answer:

I think it is D

Explanation:

Consumers choose what to buy based partly on price. Businesses consider this as they determine the pricing for their products.

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Economies of scale a. require inputs' MPP to fall as output increases (everything else equal). b. pertain to the long run only.

lidiya [134]

Answer: Economies of scale pertain to the long run only.

Explanation:

Economies of Scale is a long run phenomenon and is defined as the cost advantage that a firm experiences as a result of an increase in its output. The benefit arises as a result of the inverse relationship between quantity produced and per-unit fixed cost. The higher the quantity of output that are produced, the lower the per-unit fixed cost.

Economies of scale leads a fall in the average variable costs with an increase in the level of output. This is as a result of synergies and operational efficiencies which comes into place due to the increase in the scale of production. Economies of scale is a vital concept as it shows the competitive advantages big firms have over the small firms.

6 0

3 years ago

The inverse demand curve for a monopolist changes from P = 100 – 2Q to P = 120 – 2Q, while the marginal cost of production remai

svetoff [14.1K]

Answer:

$60 to $70; 20 units to 25 units

Explanation:

The production point for the monopolist is where the marginal revenue is equal to the marginal cost,

For first demand curve,

P = 100 - 2Q

MR = 100 - 4Q, the MR curve is double sloped than the demand curve

MC = 20

Now, Equating Marginal revenue with marginal cost,

100 - 4Q = 20

4Q = 80

Q = 20

P = 100 - (2 × 20)

= 60

For second demand curve,

P = 120 - 2Q

MR = 120 - 4Q

MC = 20

Now, Equating Marginal revenue with marginal cost,

120 - 4Q = 20

4Q = 100

Q = 25

P = 120 - (2 × 25)

= 70

So, the quantity increases from 20 units to 25 units and the price increases from $60 to $70.

5 0

3 years ago

Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..

NNADVOKAT [17]

Answer:

Explanation:

5 0

2 years ago

Product J is one of the many products manufactured and sold by Oceanside Company. An income statement by product line for the pa

allochka39001 [22]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

Variable Cost = Cost of Goods Sold × (100 - Estimate Percentage of Cost of Good Sold) + Operating Expenses × ( 100 - Operating Expenses Fixed Percentage)

= 186,500 × (100 - 30%) + 85,750 × (100 - 40%)

= 186,500 × 70÷100 + 85,750 × 60÷100

= $130,550 + $51,450

= $182,000

Fixed Cost= Cost of Goods Sold × Estimate Percentage of Cost of Good Sold + Operating Expenses × Operating Expenses Fixed Percentage

= $186,500 × 30÷100 + $85,750 × 40÷100

= $55,950 + $34,300

= $90,250

Differential analysis

Particular Product J continue Product J discontinue Difference on income

Sales 275,000 0 -275,000

Variable cost 182,000 0 182,000

Fixed cost 90,250 90,250 0

Income (Sales-Variable Cost-Fixed Cost) 2,750 -90,250 -93,000

According to the analysis, project J should not be discontinue because if project j discontinue variable cost doesn’t occur, but fixed costs still occur.

8 0

3 years ago

________ policies refer to government programs designed to exploit natural comparative advantage by increasing production of a f

Setler [38]

Answer:

Primary-export-led development

Explanation:

Primary-export-led development policies refer to government programs designed to exploit natural comparative advantage by increasing production of a few export goods most closely related to a country's resource base.

5 0

3 years ago