Besides lowering the price, Jackie can improve contribution margin by ensuring that:
- Quality remains the same or better
- the company leverages social media marketing which is cheaper than conventional marketing and is better targeted.
<h3>What does price reduction do?</h3>
Price reduction (if all other factors remain constant) helps to drive up demand. This is consistent with the Law of Demand in basic Economics.
If Jackie is trying to drive up profit margin, they must thus consider the options given above.
Learn more about lowering prices ta;
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Answer: The amount realized on the sale of the land is $19500.
Explanation: The amount realized in the sale of the land is equal to the sale price less the commission of the real estate agent, that is:
21000 - 1500 = $ 19500
But in reality the operation generated a loss of $ 500 given by the difference between the price at which I bought the land and the amount realized in the sale, which is:
19500 - 20000 = $( - 500).
Answer:
Answer for the question :
""The Athletic Department of Leland University is considering whether to hold an extensive campaign next year to raise funds for a new athletic field. The response to the campaigın depends heavily upon the success of the football team this fall. In the past, the football team has had winning seasons 60 percent of the time. If the football team has a winning season (W) this fall, then many of the alumnae and alumni will contribute and the cam- paign will raise $3 milion. If the team has a losing season (L), few will contribute and the campaign will lose $2 million. If no campaign is undertaken, no costs are incurred. On September 1, just before the football season begins, the Athletic Department needs to make its decision about whether to hold the campaign next year.
(a) Develop a decision analysis formulation of this problem by identifying the alternative actions, the states of nature, and the payoff table.
(b) According to Bayes’ decision rule, should the campaign be undertaken?
(c) What is EVPI? "
is explained in the attachment.
Explanation:
Economists use the gross national product (GNP) to measure <u>the output of a nation’s citizens, regardless of where they are.
</u>
<h3>Further explanation
</h3>
Gross National Product or GNP measures the total output produced by a country's residents, regardless of where they are. Therefore, any output produced by foreign residents within the country must be excluded in calculations of GNP, while any output produced by the country's residents outside of the country must be counted.
Gross national product calculates by adding these factors below:
<h3>Consumption + Government Expenditures + Investments + Exports + Foreign Production
</h3>
Another important economic measure is Gross Domestic Product (GDP). GDP measures the total output produced in the country, regardless of who they are. GDP is the most widely used to measure a country's economic activity. The difference between GNP and GDP may indicate that a country is more engaged in international trade. The larger the difference between a country's GNP and GDP, the greater international activities.
<h3>Learn more
</h3>
Gross National product brainly.com/question/1086262
GNP and GDP brainly.com/question/1228512
GNP vs GDP brainly.com/question/853464
Keywords: GNP, Gross National Product, GDP, Gross Domestic Product, International trade
Answer:
$6,655
Explanation:
Variable cost per bag = $3.70
Total fixed cost = $10,000
Unit selling price before further processing = $9.05
No of bags = 10,000
Contribution per bag = 9.05-3.7 = $5.35
Total revenue = 9.05*10,000= $90,500
Net income =90500-(10,000+37000 )= 43500
Incremental cost =2100
Incremental revenue( 10,000*8.05) + (3100*6.05)
80500 + 18755 = $99255
Net income = 99255 - (2100+47000)= 50155
Financial advantage = 50155-43500=6655
