Because -
individual perfectly competitive firms cannot influence the market price by changing their output
Answer:
corporate
Explanation:
Corporate level of an organisation involves the whole organisation. The organisation is made up of business units and product lines.
So when one functions at the corporate level he is responsible for all aspects of the business.
In this instance Bill McDermott is the CEO of SAP is in charge of all departments and production lines of the company.
On the other hand functional level deals with a particular department within the organisation. For example human resources, operations, and so on.
Answer:
The student must purchase the number of items in which the price exceeds the ability of the student to pay.
<em>The number of bags he will purchase at the price of $4, is 2, because the willingness to purchase is $4.
</em>
The solution is therefore 2 sachets of jelly beans.
Whenever the student eats 2 bags of jelly beans at $4, the consumer surplus is determined as follows;
<em>Consumer Surplus</em>
<em>= ($5-$4) + ($4-$4)</em>
<em>= $1.</em>
Answer:
Increase in weakly revenue = $9.8
Explanation:
Price (P) = 100, Demand or Sales N (P) = 120.
So revenue R(P) = P x N(P) = 120 x 100 = 120000
Given : 2 sales per week lost for 10 units increase in price.
New price (P') = 110 , New Demand or sales N' (P) = 118
So new revenue R' (P) = P' x N' P = 110 x 118 = 12980
Change in Total revenue due to 10 units price rise = 12980 - 120000 = 980
So, change in total revenue due to one unit price rise = 980/ 10 = 9.8
