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alexandr402 [8]
3 years ago
11

If a perfectly competitive firm decreases production from 11 units to 10 units and the market price is $20 per unit, total reven

ue for 10 units is: Select one: a. $20. b. $210. c. $200. d. $10.
Business
1 answer:
marishachu [46]3 years ago
6 0

Answer: C. $200

Explanation:

Total revenue = price × quantity

= $20 × 10 = $200

A perfectly competitive firm is a firm that is a price taker; it doesn't set the price for its goods.

If the firm reduces the quantity produced, total revenue falls too.

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Clare, a florist, opened a new store and wanted to purchase a new refrigeration display cabinet for fresh-flower arrangements. S
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The question is incomplete:

Clare, a florist, opened a new store and wanted to purchase a new refrigeration display cabinet for fresh-flower arrangements. She entered into a deal with Alpha Refrigeration Systems for two refrigeration units at $600 each. But, after delivering the units, the salesperson demanded another $100 as delivery charges, which was not mentioned in the deal. Identify the win-lose strategy used by the salesperson.

-Good guy-bad guy routine

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-Red herring

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-Browbeating is a strategy in which the buyer tries to affect the saleperson atittude by saying unflattering things.

-Red herring is a strategy in which one of the parties tries to distract the other one from certain isues to get an advantage.

-Trial balloon is an strategy in which one of the parties says something to the other one to get information about its position in the negotiation.

-Lowballing is an strategy in which the buyer makes a really low offer to test the seller.

According to the definitions, the answer is that the win-lose strategy used by the salesperson is red herring because Clara didn't consider the information related to the delivery when purchasing the units as she was probably distracted by other aspects and didn't consider this.

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2 years ago
In the nervous system neurotransmitters such as acetylcholine are released at synapses between nerve cells. When the neurotransm
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What is Company XYZ's intrinsic equity value using the WACC as the discount rate and assuming the terminal value is based on the
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Answer:

$315,198

Explanation:

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EBITDA of the company is $178,412.

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