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Refer to Exhibit 7.3, which shows the U-shaped cost curves for a producer. A is the marginal cost curve, B is the average variab

Alisiya [41]

Answer:

U shaped Curves are all of the three : A marginal cost curve , B average variable cost curve , C average (total) cost curve

Vertical Distance between B) Average Variable Cost Curve , C) Average Total Cost Curve is Average Fixed Cost

Explanation:

Marginal Cost [MC] is addition to total cost, when an additional unit of output is produced. It is the rate of change in Total Cost. As total cost increases at decreasing rate first, then at increasing rate ; MC curve falls first & then rises & hence is U shape

Average Cost [AC] is average total cost per unit of output. It is also U shape as it falls first & then rises, due to total cost first increasing at decreasing rate & then increasing at increasing rate.

Total Cost [TC] changes only due to change in total variable cost [TVC] , as total fixed cost is constant. So, TVC changes in same pattern as TC, first at decreasing rate & then at increasing rate. This makes Average Variable cost [AVC] rise first, fall then i.e U shape

Total Cost is the total production expenditure on all (fixed & variable) factors of production.

TC = TFC (total fixed cost) + TVC

AC = AFC (average fixed cost) + AVC

AC - AVC = AFC. Difference between AC & AVC is AFC. This distance keeps on falling with increase in output but never becomes zero (the curves keep on coming closer but never intersect). Such because TFC is constant, AFC = TFC / Q keeps on falling with increase in output

6 0

3 years ago

from the information about chobani in the case and at the start of the chapter, (a) who did hamdi ulukaya identify as the target

Mashcka [7]

from the information about chobani in the case and at the start of the chapter, (a) who did hamdi ulukaya identify as the target market for his first cups of greek yogurt and (b) what was his initial "4ps" marketing strategy?

a. Target market for Chobani Greek Yogurt. Hamdi Ulukaya saw his Chobani Greek Yogurt as appealing to all American consumers—the mass market—when he first introduced his Greek Yogurt in the United States. That is exactly the reason that he wanted distribution in the dairy cases of major U.S. grocery and supermarket chains, and not in their niche sections or in health food or specialty stores.

Now, with the introduction of its Champions line of Greek Yogurts, Chobani is reaching the kids' market segment. With its 2013 introduction of Chobani Bite in a smaller 3.5-ounce cup, Chobani is trying to reach a "snack" market segment. And with Chobani Flip, it is trying to reach an experimenting, gourmet market segment who add "mix-ins" to regular Chobani Greek Yogurt.

b. Chobani's initial 4Ps marketing strategy. Consists of the following marketing actions:

· Product strategy. Offer a Greek Yogurt for a mass market that is healthier than competing U.S. yogurts and does not have artificial ingredients and preservatives.

· Price strategy. Priced affordably at $1.29 for a single-serve cup that is accessible to all.

What is Marketing strategy?

A marketing strategy is a long-term plan for attaining a business' objectives through an understanding of client needs and the development of a distinct and long-lasting competitive advantage. It includes everything, from choosing which channels to utilize to contact your customers to figuring out who they are.
To learn more about marketing strategy from the given link:

brainly.com/question/25640993

4 0

2 years ago

Venus Inc., a manufacturer of canned meat, tried to market its canned beef products in India. Since cows are considered sacred i

Dafna11 [192]

Answer:

cultural

Explanation:

Based on the scenario being described it can be said that this indicates that Venus Inc. did not understand the cultural environment in India. A cultural environment are the different beliefs, practices, behaviors, and norms that exist in a society. Cows being sacred is a belief in Indian culture, and the lack of this knowledge is what caused the marketing strategy to fail.

4 0

2 years ago

Read 2 more answers

A professor surveys her class about whether the number of breaks is adequate for the three-hour course. for her survey, she assi

Rom4ik [11]

<span>Her survey will be both a representative and a random sample. The sample is random since the students are randomly chosen by the professor's computer program and each student has an equal chance of being chosen. The survey is representative since the student chosen will represent the whole class.</span>

8 0

2 years ago

The labor force of many more developed countries (mdcs) may experience higher taxes over the next half century to provide essent

aleksklad [387]

<span>Higher taxes will provide to the growing number of senior citizens. There are much more elderly citizens now than there were 50 years ago with the baby boomers aging into their golden years. In order to provide services for these individuals, taxes could likely increase to cover the increasing costs.</span>

6 0

3 years ago