From what I understood in the problem, the total budget that covers all types of media is only $1,000 per month. For the allocation, each type of media would get at least 25% of the budget. If we infer on this information, there should only be 4 types of media, at least. This is because four 25% portions would equal to 100%. If it exceeds 25% for each of the four types, it would be over the $1000 budget. With that being said, it is also possible that there will be 3 or 2 types of media. Nevertheless, let's just stick to the least assumption of 25% for each of the 4 types.
If local newspaper advertising is one of the four types, then:
$1000(25%) = $250
It would get $250 from the overall budget.
Answer:
C:Oligopolies involve more than one company while monopolies involve only one.
Explanation:
A monopoly is a market structure with one supplier serving a very large market. In a monopoly, a single firm sells to many buyers. The product or service offered by a monopoly has no close substitutes. Customers have no choice but to buy from the only firm providing the product or service. Monopolies may result from government policy or very restrictive barriers of entry.
An oligopoly is a market structure where very few firms dominated the market . It when four or five firms control the majority market share of a very large market. There could be other firms with very little market share. Firms in an oligopoly market may sell homogeneous or differentiated products. The few firms dominating the industry collaborate to profit from the market.
Since the research team need to answer a few specific questions before proceeding, the most appropriate research method would be an interview.
<h3>What is a research?</h3>
A research is also referred to a study and it can be defined as an investigation which typically involves the process of gathering (collecting) necessary information about a particular thing of interest, in order to reach a logical conclusion with results.
<h3>What is a research method?</h3>
In Science, a research method can be defined as the ways or techniques that are adopted by a researcher for the collection and analysis of data.
<h3>The types of
research method.</h3>
Basically, there are different types of research method used for the collection of data and these include the following:
- Observation
- Secondary data analysis.
- Surveys.
- Focus groups.
- Mixed methods
- Experiments.
- Interviews.
In conclusion, the most appropriate research method would be an interview because the research team need to answer a few specific questions before proceeding.
Learn more about research here: brainly.com/question/10129052
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If A monopoly firm can sell 150 units of output for $10 per unit. The marginal revenue of the 151st unit of output is $6.98.
<h3>Marginal revenue</h3>
Using this formula
Marginal revenue=(Number of units×Price per units)-(Alternate Number of units×Price per units)
Let plug in the formula
Marginal revenue=(151 units×$9.98 per units)-(150 units×$10 per units)
Marginal revenue=$1,506.98-$1,500
Marginal revenue=$6.98
Therefore the marginal revenue of the 151st unit of output is $6.98.
Learn more about marginal revenue here:brainly.com/question/10822075
Answer:
ChowMein Company
a. Monthly break-even point in sales dollars = Fixed Costs/Contribution margin
= $2,000/50%
= $4,000
b. Monthly break-even point in units = Fixed Costs/Contribution per unit
= $2,000/$300
= 6.67 or simply 7 units
c. Monthly income for April:
Sales ($600 * 15) = $9,000
Variable cost ($300 * 15) = $4,500
Contribution = $4,500
Fixed Costs = $2,000
Income = $2,500
d. Monthly income for May:
Sales ($600 * 20) = $12,000
Variable cost ($300 * 20) = $6,000
Contribution = $6,000
Fixed Costs = $2,000
Income = $4,000
e. Margin of Safety for April:
Sales in April minus Break-even Sales
= $9,000 - $4,000
= $5,000
Explanation:
Data and Calculations:
Unit selling price = $600
Unit variable costs = $300 ($250 + 50)
Unit Contribution = $300
Contribution margin = 50% ($300/$600 * 100)
Fixed Costs = $2,000
April sales = 15
May sales = 20
