Complete Question:
Mint-Microprocessors Corp. learned that its biggest competitor dropped prices dramatically in the European market. In response, Mint-Microprocessors decided to do the same in Asia. This resulted in the competitor minimizing its aggressive stance and returning to earlier price points. This is an example of ________ pricing.
Group of answer choices
A. prescriptive
B. dumping
C. multipoint
D. predatory
E. leader
Answer:
C. Multipoint.
Explanation:
In this scenario, Mint-Microprocessors Corp. learned that its biggest competitor dropped prices dramatically in the European market. In response, Mint-Microprocessors decided to do the same in Asia. This resulted in the competitor minimizing its aggressive stance and returning to earlier price points. This is an example of multipoint pricing.
A Multipoint pricing refers to the situation, where two or more firms compete and a firm's pricing strategy in one market (international trade) basically has an impact on the rival firm's pricing strategy in another market (international trade).
Answer:
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Tabor company issues $20,000 of common stock to investors. recording this transaction will include a credit to common stock. A security that symbolizes ownership in a firm is called common stock. After creditors, bondholders, and preferred stockholders have been paid, whatever assets are left over after a liquidation go to common stockholders.
In the firm, various kinds of equities are traded. In other words, it's a method of allocating corporate ownership; as a result, each share of common stock corresponds to a certain proportion of a corporation. One share, for instance, would represent one percent ownership of a firm with 100 outstanding shares.
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Answer:
a. No, the firm is not minimizing the cost of production.
b. The firm should continue to increase the units of labor by reducing the unit of capital until when the ratio of Marginal product of labor to Marginal product of capital of is equal to the ratio of w to r.
Explanation:
a. Is the firm minimizing the cost of production?
The firm minimizing the cost of production where:
Marginal product of labor / Marginal product of capital = w / r
From the question, we have:
40 / 28 = 6 / 3
1.43 = 2
Since the ratio of Marginal product of labor to Marginal product of capital of 1.43 is not equal to the ratio of w to r, the firm is not minimizing the cost of production.
b. What should the firm do, if anything, to produce the same level of output at lower cost?
The firm should continue to increase the units of labor by reducing the unit of capital until when the ratio of Marginal product of labor to Marginal product of capital of is equal to the ratio of w to r.
The closest point at which this will happen is when the Marginal product of labor is 45 and Marginal product of capital is 23 where we have:
45 / 23 = 1.96, or 2 approximately.
<span>The correct answer is figure 3. There are four basic factors of production, land is one of them. The other three are capital, entrepreneurship and labor. Land is a natural resources that has already been put in place by nature, it is a free gift of nature. Other features of land include the following: it is fixed in quantity, it is fixed in quantity and it is immovable.</span>
