It is false that the allocation of approximately 20 minutes to answer the questionnaire will allow to achieve the most accurate snapshot of their likes and dislikes on the consumer preferences survey.
The method of data collection used in this case is known as Questionnaire.
- The number of minute used by respondent to answer question on the questionnaire does not determine the accuracy of their inputs.
In conclusion, It is false that the allocation of approximately 20 minutes to answer the questionnaire will allow to achieve the most accurate snapshot of their likes and dislikes on the consumer preferences survey.
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Answer:
Monopolist : Output at MR = MC; corresponding point at demand (AR) curve gives price.
Explanation:
Monopoly is a market structure having a single seller.
Monopolies have usual downward sloping demand curve, depicting price - demand inverse relationship. This 'falling price' case also makes monopoly Marginal Revenue curve usually lie down below its demand i.e Average Revenue Curve. Marginal cost is usually U shaped.
Monopoly producer chooses its equilibrium production quantity where : Marginal Revenue = Marginal Cost. The equilibrium price is determined at the price of corresponding equilibrium output, on the demand (average revenue) curve.
Answer:
The net benefit is -$26,000
Explanation:
Given the above information,
The total cost of manufacturing 12,000 circuit boards
= 12,000 × $34
= $408,000
Total purchase price
= 12,000 × $34
= $408,000
Fixed overhead cost applied
= 12,000 × $6
= $72,000
The rental income = $46,000
Outsourcing cost
= Total purchase price + Fixed overhead cost applied - Rental income
= $408,000 + $72,000 - $46,000
= $434,000
Therefore, Net benefit
= Total cost of manufacturing - Outsourcing cost
=$408,000 - $434,000
= -$26,000
Answer:
<u>fostering competition</u>
Explanation:
By deciding to focus on a particular niche these smaller firms in effect foster competitions among other larger firms.
For example, if in a market for shoes, a small firm A, that is newly established decides to focus only on selling shoes for children after recognizing they cannot match up with an existing larger company B that sells a variety of shoes (both children and adult shoes). At a point in time when a number of small businesses are operating in this manner, the larger companies would recognize and account for their influence on the market.
