Answer:
2) the gold rules principle
Explanation:
The gold rules principle is important because companies maximize their profits when marginal revenue = marginal costs. That is why the revenue-cost relationship is so important, because higher revenue will only generate higher profit if costs are under control.
D I think, because Kim is buying the stove so she can cook
Answer:
symbolic/prestige pricing
Explanation:
Symbolic/prestige pricing occurs when consumers associate with goods based on how costly it is. If the princes of the goods are low it doesn't encourage buyers to make purchases as they seem to associate high prices with top quality.
This is why matrix charges high for its cologne. Therefore Symbolic/prestige pricing is the answer to the question.
Answer:
The correct answer is a. variable cost changes with production activity and fixed cost remains constant.
Explanation:
The fixed cost is constant and does not changes with the output level. It remains constant through out the production process. fixed costs are those expenses which are paid independent of activity. So it is not affected by quantity of production.
While on the other hand variable cost is the cost of raw materials and other inputs. So, it changes with the level of production.
