Answer:
B) Market maturity
Explanation:
Product life cycle is the different stages involving a product's introduction through to its period of decline. Just as living organisms have life cycles, so do products as well. A product's life cycle involves three major stages; Introduction or Early stage, Maturity stage and Declination stage. The introduction stage involves the period the product is just fresh from the factory with different series of modelling and has yet to be introduced to the target market. Introduction stage includes the period it is now introduced to the target market. Maturity stage involves the period the product has been introduced to the market. At this stage, it can draw either positive or negative responses. When it draws a positive response, it means the target market enjoy the product and tend to purchase more with sales skyrocketing. Declination stage involves the period the product attracts low sales.
Answer:
The correct answer is: high; little.
Explanation:
In monopolistic competition, a firm produces at the level of output where the marginal revenue is equal to marginal cost. The firm is able to maximize its profit at this point.
However, the socially optimal level of output is where the price is equal to marginal cost. This level of output is greater than the profit-maximizing level of output and charges a lower price.
But since the firm is a price maker, it produces at the point where MR equals MC. At this point, the price is higher and the output produced is smaller. This creates a deadweight loss in the market.
Answer:
Transaction b and c
Explanation:
Revenue is the term of accounting which is defined as the income or money which is generated from the operations of the normal business and it involve the deductions for the returned merchandise and discounts.
It is created when the business offer some service to the clients and in return the money for the services provided by the company.
So, the transaction which generate the revenue are:
The company offered the service to customer and against it received the cash which amounts to $875.
The company offered the services to the customer on credit worth $2,300.
Therefore, these two transactions are the one which generate the revenue to the company.
I'll say D or A....But I'm pretty sure it's A
