6. In some companies, customer service is carried out by the salesperson. In others, it is the responsibility of a separate department. When would a separate department make more sense? When would it not?

Q: 5. Which of the following best describes morality? OIt is defined as the standards people use to…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: 6) Explain how marginal analysis can be used to determine the "correct" amount of time to spend…

A: In the marginal analysis, the marginal benefit is compared with the marginal cost to make an optimal…

Q: 1.examine the gap between rural and urban areas across the globe. how is that gap affected by…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 1. How is the popular notion of business profit different from the economic profit concept? What…

A: Business Profit:- Profit is the word used to denote the monetary gain experienced whenever the…

Q: 10. A pet shop had a 220% increase in sales of turtles in 2008 over the previous year's sales. If…

A: 10.

Q: How can you calculate Total Revenue

A: Total revenue(TR) is simply the total receipts received after the sale of all the goods and services…

Q: 1. What is profit? What is the difference between accounting profit and economic profit? 2. What is…

A: In a financial year, each firm /industry earns some revenue. Profit is the amount remaining from the…

Q: 1) The most important goal of the firm is to? A) maximize its sales volume.​​ B) maximize its…

A: A firm is defined as a company or institution that buys and sells items and/or services to customers…

Q: How do the three basic economic questions relate to the firm?

A: "Since you have asked multiple question,we will solve the first question for you .If you want any…

Q: 1 Illustrate the trade-off between administrators and medical staff. Explain involved in obtaining…

A: Solution: a) Trade-off: It refers to an act of balancing of two different situation. It happens…

Q: Demonstrate an understanding of the coordinate system by using it to outline the relationship…

A: Pairs of observations on variables can be represented on a plane in a Cartesian coordinate system by…

Q: 9. How to express economic loss. * O Price - Average Total Cost Price - Average Total Cost times…

A: Total cost is the sum of fixed and variable cost that are used in the production of goods and…

Q: . Each answer should consist of one  paragraph that contain analysis (not opinion). 1…

A: Money value of time is equal to the opportunity cost incurred by an individual when he is giving…

Q: 1 If your accounting profit is $60,000, much is your economic profit? If your revenue during the…

A: Accounting profit is the net income for a company, which is revenue minus expenses. Economic profit…

Q: What type of publications catered to urban dwellers and immigrants?

A: A person who immigrates to a country for the purpose of establishing a permanent residence.

Q: The table below is extracted from Goodland Republic Bureau of Statistics records for 2016-2017. Use…

A: Nominal GDP : GDP calculated in prices of the current year.

Q: 1.Which characteristics a person making handicrafts should acquire to develop marketable products?…

A: 1.Which characteristics a person making handicrafts should acquire to develop marketable products?…

Q: 7._______ Refers To an upper limit on the amount of a commodity that can be purchased by an…

A: In the given question The term commodity basically refers to an agriculture product or a particular…

Q: 1. Why do employers typically pay for specific skills? These skills only work with one employer,…

A: Specific skill can be the ability of a person to do something that others are not able to do.

Q: 8. A new company starts making tennis rackets.

A: If a new company starts making tennis rackets it means that there will be an increase in the total…

Q: 9. In consumer behavior the culture, social class, and reference group influences have been related…

A: “Since you have asked multiple questions, we will solve the first question for you."

Q: Why does price minus extraction cost rise at the rate of interest in a competitive market for an…

A: The following problem has been answered as follows:

Q: 6) Managers may choose to pursue goals other than maximization of a firm's value, This is referred…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: 2.How you see the future of specialty stores' in next 10 years? Explain with examples

A: The COVID-19 pandemic has in turn accelerated the shift towards a more digital world and would in…

Q: 1. Define microeconomics and macroeconomics.

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Questions: 1. What were the problem/s discussed ? How did these problems influence staff…

A: 1) What were the problem/s discussed? How did these problems influence, staff performance? The…

Q: How has netflix grown worldwide so well over the past decade? Please explain a few reasons why

A: Netflix is a video-on-demand service that includes award-winning TV series, movies, anime,…

Q: 3. What is the rate of return that includes the minimum profit as an expense?

A: Accounting rate of return include the minimum profit as an expense

Q: 1. What are the factors influencing consumer behavior?

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 8. It describes the rationale of how an organization creates, delivers, and captures value in…

A: Business Model is an arrangement of resources through which company tries to deliver value to…

Q: Figure A Figure B Figure C Price (dollars per unit) 157 Price (dollars per unit) 15 14- 13- Price…

A: There are four types of market structures: Perfect Competition: The market in this type of…

Q: 1. Jaynet spends $30,000 per year on painting supplies and storage space. She recently received a…

A: The minimum amount that the individual would need to be offered to quit her painting career can be…

Q: J 7 Though many MNCs espouse and follow rigid codes of social responsibility in their home countries…

A: Corporate codes of conduct are individual corporate policy declarations that outline a corporation's…

Q: 6. Suppose that you have the data for the three firms below. What is HHI in this case? Firm Sale 500…

A: HHI=∑1NFi2Where, HHI=Herfindahl–Hirschman indexand, F= Number of firms

Q: Are there any major sales revenue as well as side revenue that can be earned in the business?

A: Revenues are the amount that is earned by the business.

Q: 1. Which of the below is not a question to ask ourselves when designing a product? *…

A: The markets are the place where the buyers and the sellers meet, and interact with each other. In…

Q: . Explain why creativity is important in public relations and how it can be used? 3. What are key…

A: Concept of creativity in public relations Brands and enterprises may communicate with their…

Q: 3. Ethics refers to   A) the practice of obeying applicable business laws and regulations B) the…

A: The organization that is being engaged in activities of commercial, industrial, or professional in…

Isocost and Isoprofit Curve Analysis

An isocost curve in the production theory that is a crucial part of economics depicts different combinations of factor inputs at a given market cost. In other words, this shows all the combinations of production factors that cost the same for the firm to employ. Usually, this can be depicted as a downward sloping straight line when the firms act as the price-takers in the factor markets. The slope of this mainly depicts the relative prices of different production factors.