Supply price elasticity measures sellers' sensitivity to changes in price. When price changes have a large impact on supply, we say that supply is price elastic, with small price increases supply will increase considerably. We say that an offer is perfectly elastic when from a certain price level, suppliers have bid as much as possible. In the short term, however, firms bump into structural factors to deliberately increase their supply. For example, a factory has a short-run maximum production limitation. In the short term, the factory may grow its plant and buy more machines, but in the short term from one point the supply is more rigid.
There are, however, some exceptions. In the case of natural monopolies, such as water supply, the increase in price may increase supply indefinitely. This is a case where, in the short run, price elastic supply can be infinitely elastic. Thus, rising prices can increase the amount of water supplied as much as demanded by consumers. This is because the marginal cost of supplying more water is low for the firm.
Note: marginal cost is the cost of manufacturing one more unit of the product supplied. In the case of water, the marginal cost of providing 1 unit of water measurement is very low.
Answer:
The answer is: D) A good-quality radio particular to that brand of automobile
Explanation:
An order winner is a product´s characteristic that will make a client decide to purchase the product. Order qualifiers are products´ characteristics that makes the product be considered as a purchase option by customers. Order qualifiers are like minimum market standards that products must meet to be able to compete in that market.
In this question the only characteristic unique to the car manufacturer was the good quality radio (order winner). All the other characteristics were similar between brands or car designs.
Answer:
The correct answer is letter "D": market pricing method.
Explanation:
The market pricing method for calculating wages levels collects information from other companies with similar operations, geographical areas, and job positions to compare them with the data of the business so an average salary can be determined for its employees. With this analysis, institutions remain competitive when it comes to salaries or can decide to provide workers higher-than-market salaries to attract qualified personnel.
Companies should evaluate the wages market every two (2) to three (3) years to find out if conditions have changed.
Answer:
Explicit, explicit and implicit
Explanation:
The accounting cost is the cost that generally includes the payment related to the wages, rent, price of the products etc
While on the other hand, the economic cost is the cost that involves both type of cost i.e. explicit and implicit. The implicit cost is generally the opportunity cost
This is the answer but the same is not provided in the given options
The company should consider business goals, competitor strategy, and annual revenue when deciding on their campaign objectives.
<h3>What is the marketing campaign?</h3>
The campaign that is made up of a number of advertisement messages that all share the same idea and theme is called as the marketing campaign.
When deciding on their campaign objectives, the company should take business objectives, competitor strategy, and annual revenue into account.
Learn more about the marketing campaign, refer to:
brainly.com/question/16873058
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