Answer:
The markup calculated as a result of information about the elasticity of demand
Explanation:
As a monopoly seller of pharmaceutical products the price set as markup would be above our marginal cost.
There are three facts about markup:
1. The Markup is not to be a price below marginal cost of the pharmaceutical product.
2. Markup is smaller when demand is more elastic. Remember if the price elasticity of demand is lower than 1, (negative) a rise in price causes an
increase in revenue for the seller.
Therefore having a -4 elasticity of demand could imply more profits for the firm.
The correct answer is evaluating alternatives. This is
defined as the step 6 of the phase two in regards of the resource planning
process by which it examines the drawbacks and the benefits in regards of each
of the alternatives.
Answer:
The correct answer is letter "B": there being a market‑wide, systematic way of implementing an acceptable wage cut for all workers or price cut to market participants during a recession.
Explanation:
Price stickiness refers to the resistance of a price level to change in front of major changes in the overall economy that indicates the current price level is not optimal. The concept can be applied to wages moreover when there is a deficit in a company or a recession in a country that suggests wages should be lower but they maintain their same level.
Thus, <em>the coordination argument states that the broad market situation should match the price level of goods and services.</em>
A) Setting multiple budgets
To answer this question, you must first organize your thoughts. Make a list of reasons why you would believe that you would make a good candidate, then put them into a rough draft. lastly, edit and submit.
