Answer:
It breaks down on two parts to be fully explained.
Explanation:
Part 1
The correct answer is:
The D option (All of the above are correct) which applies perfectly in the firms of competitive markets.
Part 2
Referred to Table 2.
For this firm, the average revenue from selling 3 units is A) $12. B) $4. C) $3. D) $1.
Table 2
The reference to table 2 represents a demand curve faced by a firm in a competitive market.
Price Quantity
$4 0
$4 1
$4 2
$4 3
$4 4
$4 5
The correct answer is:
The B option ($ 4) which it would represent the overall average revenue from selling 3 units.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
b) Descriptive
Explanation:
Descriptive research -
It refers to the questions of the research , designing the data and researching and analyzing the topic , is called the descriptive research .
it is also known as the observational research method .
From the data of the question , the Unistar Inc , need to opt for a descriptive research .
Answer:
It will affect Wendy's fast- food sales negatively.
Explanation:
Especially if the competitors have larger market share than Wendy's Fast-food. There will be a switch in consumers from Wendy's Fast-food to it's competitor, therefore reducing its sales and invariably reducing it's profit.
Therefore, Wendy's fast-food should be in tune with price fluctuation of it's competitors especially if it is a price decrease.
