Answer:
The Answer is A) True
Explanation:
The marginal cost of production and marginal revenue are economic measures used to determine the amount of output and the price per unit of a product that will maximize profits. A rational company always seeks to optimize its profit, and the relationship between marginal revenue and the marginal cost of production helps to find the point at which this occurs. The point at which marginal revenue equals marginal cost maximizes a company's profit.
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Answer:
Geographic segmentation
Explanation:
Geographic segmentation can be defined as the way in which the customers you serve in a particular area has different preferences or desire based on where they are located and Its also involves the grouping of potential customers by either country, state, city or neighborhood.
Geographic segmentation is a marketing reason been that GEOGRAPHIC SEGMENTATION target products to people who live or shop in a specific location and also help to group these customers based on where they live.
For example a Shoe manufacturing company who decide to target their customers who live in warm climates where shoes don't need to be equipped for the snowy weather in which the marketing platform might decide to focus their marketing efforts around either the urban area or the city centers where their target customer is likely to work.
Therefore based on the information given This is important consumer information to a McDonald's franchisee and reflects how GEOGRAPHIC SEGMENTATION shapes consumer behavior.
Elastic demands are,
1. Customers who know what they like and just buy it.
2. Customers home Reserve a car online weeks before a trip.
3. Customers who can wait to buy fashionable items.
Inelastic demands are,
1. Customers who are good at shopping around.
2. Customers who walk up to a rental car desk right off of the plane.
3. Customers who must have the latest fashionable items.
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Explanation:</u></h3>
Elastic demands are demands noticed when a manufacturer decreases the selling price of a particular product by x%, the number of units demanded/sold will increase accordingly. For example, if the price of a hot selling mobile phone will drop by 10%, its demand will dramatically be increased by more than 50%. Elastic demand is when the customer will wait to buy a good till their price reaches to their own preferences.
Inelastic demands are demands noticed when the demand for a particular product won't change much if the price is increased or decreased. For example, if the tariffs of prepaid and postpaid mobile phone users are increased by 1%, number of subscribers won't decrease but remain almost the same. Inelastic demand is when the customer would buy the goods irrespective of the price.