Jake is incorrect with his assertion that the BYOB should charge 2.25 per can.
<h3>
What is Profit maximization and Loss minimization?</h3>
The process of Profit maximization ensures that favorable output and price are achieved to maximize its return while the process of Loss minimization ensures there is lower loss on return in the longer-run.
Price QD T*R(P*Q) Total cost(ATC*Q) Profit(TR-TC)
2 1000 2000 2750 -750
2.25 750 1687.5 2625 -937.5
Given that loss realized is lower in $2 per unit than $2.25 per unit, then, Jake is not correct with his assertion that the BYOB should charge 2.25 per can.
Note: The point has been placed on the graph to indicate the profit-maximizing price and quantity for BYOB.
Read more about Profit maximization
<em>brainly.com/question/4171648</em>
#SPJ1
Answer:
A ( A )
Explanation:
point A on the graph represents the equilibrium price on the graph because at point A supply was equal to demand ( crossed each other).
Equilibrium price is the price at which the supply of a particular good/service is equal to the demand of such good/service in the open market. equilibrium price is sometimes seen as a fair price for bought buyers and sellers of the good/service in the market.
Equilibrium price is an ideal situation in Business and it is often very impossible to attain in most goods and services .
Answer:
C. customer excellence
Explanation:
Based on the information provided within the question it seems that Ritz-Carlton demonstrated the macro strategy of customer excellence. This term refers to providing the best possible service to your customer in order for them to be extremely satisfied with their purchase. This seems to be the case since the employee went above and beyond what their job requirements actually are in order to provide a higher level of customer service to Ramona in order for her to leave happy and satisfied with their service.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
A. True
Explanation:
Arbitrage refers to a situation wherein a gain is made owing to price discrepancy or unevenness in two markets. The rule for arbitrage is to buy from the markets where price is less and sell in the markets where price is higher.
Triangular arbitrage occurs wherein 3 different currencies are involved and the exchange rates are not uniform i.e a discrepancy exists and interest rate parity does not hold true.
Interest rate parity refers to the concept wherein the disparity between two currency exchange rates is adjusted by the respective interest rates of the two countries. When interest rate parity exists, no arbitrage is possible as markets are fairly priced.