7. Product design and business model How can Differ.Chat improve & expand its business model (e.g., offer a different pilot program, new pricing, advertising model, different payment collection model, etc.).

7. Product design and business model How can Differ.Chat improve & expand its business model (e.g., offer a different pilot program, new pricing, advertising model, different payment collection model, etc.).

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 15QFR

See similar textbooks

Related questions

Q: Complete Table 1 by computing the Total Revenue, Marginal Revenue, Total Cost, and Profit columns.…

A: Total Revenue = Price x Quantity Marginal revenue = Change in Total RevenueChange in Quantiy…

Q: 10. Type of product: In a large city, two taxi companies own all the licenses that the city will…

A: 10. Given that there are slight differences in the services each company offers. From this…

Q: (3)quantitative reliblities,relationship between cybercrime and ecommerce development.

A: Cybercrime is increasing and ecommerce is also increasing.

Q: Twenty-five different stores sell the same product in a given area to a population of 2,000…

A: There are three different equilibrium prices. 50 percent of the consumers purchase at the minimum…

Q: 12. The different prices. prohibits businesses from selling the same product to different people at

A: Sometimes, sellers charge different prices for the same product from different consumers, which is…

Q: Do you think Coke made the right decision to introduce Coca-Cola with Coffee and Coca-Cola with…

A: One of the main principles of marketing is the product. It can be either used for goodor to provide…

Q: ndent Technologies is deciding between developing a complicated thought-activated software, or a…

A: Probability of success x Revenue from simple software - the cost of launching < Probability of…

Q: 1. market niche and focused strategies are the same thing.true or false? Explain it early and…

A: Niche market is a part of a larger market segment which is identified by its unique offering about…

Q: Ethanol is a motor fuel manufactured from corn. Ethanol and Gasoline are both used independently to…

A: 1. Bad weather will damage the corn crop so the supply will fall and the supply curve will shift…

Q: D Question 21 Value-based pricing begins with analyzing O product attributes and product features O…

A: Value-based evaluation is a system of setting costs principally founded on a customer's apparent…

Q: 1. What are the four stages of product life cycle? Select one: A. decline, Maturity, growth,…

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

Q: catered a wedding reception in the main ballroom, during which dinners, 242 steak dinners, and 66…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: 31. Type of product: In a small town, there are four providers of broadband Internet access: a cable…

A: Monopolistic competition refers to a market structure where many firms produce and sell…

Q: Question 4: Profit Maximization Use the table on the left to answer the following sub-questions.…

A: Hi student, thanks for posting the question. As per the guideline, we are providing answer for the…

Q: A restaurant owner is trying to decide whether tostay open at lunchtime. She has far fewer customers…

A: ANS A firm should shut down when it can’t recover the variable costs. In the given scenario since…

Q: 50 MC 45 40 ATC 35 Price, costs, 30 and 25 revenue 20 per dose (dollars) 15 10 5 MR 0 1 2 3 4 5 6 7…

A: Equilibrium can be determined at the point where MR=MC , Under imperfect market seller wants to…

Q: Question 1 (1 Imagine that you own your business. You are producing a product (it could be a…

A: Ques 1) A) Product differentiation is important in today's competitive environment. It gives your…

Q: What type of pricing does this represent? a. Limit pricing. b. 1st degree price discrimination c.…

A: Price discrimination refers to the practice of firms charging different price to different…

Q: Continuing with the Table of Certificate Programs, complete the calculations for Total Revenue by…

A: Total Revenue = Price × Quantity In this given that numbers of customer and prices of different…

Q: 5. The role of brand names and advertising Which of the following statements about brand names is…

A: The brand names are the official names given to the products produced by a specific firm. The brand…

Q: 7. One of the key economic principles is competition or choice. For this short paper assignment,…

A: Please find the answer below.

Q: With relevant illustrations, discuss four (4) justifications for wholesaler operations in Ghana’s…

A: Note: As per the policy only Question Number 4 is solved, Please post second question separately…

Q: Financial Data Daily demand: 1,000 cases Fixed cost: $5,000 per week Variable cost • Weekdays: $7…

A: 1) The product mix is scheduled considering the MC: Marginal contribution for generic aspirin…

Q: Question 3 (a) You celebrate Father's day at the best restaurant in the city and order a rare Kobe…

A: The total cost incurred on hiring the factors of production including lend, labor, capital and…

Q: The owner of a small pizzeria is deciding whether to increase the radius of delivery by one mile.…

A: Expansion of the business is mainly dependent on the costs that would be incurred and the benefits…

Q: Read carefully from image Answer the following questions 1. What are the alternative strategic…

A: 1 Alternative stages of the scenarios Pros Cut down on the costs like the redundant costs or the…

Q: What does a non-profit company need for a social media manage that is different that for a regular…

A: In a market, social media interaction is required for every type of firm to expand their business…

Q: TopGames buys the rights to sell a certain video game title worldwide. top games pay $400,000 for…

A: Fixed cost = $400000Marginal cost = 0 2000 hard-core fans willing to pay up to $15010000 casual fans…

Q: Question 1 The success of large hypermarkets in Spain is an example of which of the following in…

A: Answer - Need to find- The success of large hypermarkets is Spain is an example of which of the…

Q: Question 10 For e-businesses that sell standardized products and services, the more likely business…

A: In the e-commerce market, firms offer their products and services through online platform that helps…

Q: Which of the habits refer to the mission statement? (a) Think win-win (b) Begin with the end in mind…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: Question pinned Below. Please help me to answer part C only

A: C.The quantity at profit maximizing is 6Total revenue is 6,000The total cost can be calculated as…

Q: PERFORMANCE TASKS APPLIED ECONOMIC MODULE 6 -WEEK-6 QUARTER-1 Date: Name: Y Score: Yr. & Section:…

A: Perfect competition occurs when all companies sell the same items, market share has no bearing on…

Q: Question 1 a. How is monopolistic competition like monopoly, perfect competition and oligopoly? b.…

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

Q: Determine the promotional price of each item at each store. Original Price Discount (Dollars) $15.00…

A: Brands use promotional evaluation to draw in prospects and customers by quickly lowering the value…

Q: A pharmaceutical asking for patent right for producing one important medicine, considering market…

A: The following problem has been solved as follows

Q: How many vacuums are supposed to be sold to achieve break even? (b) If Primark wants to earn a…

A: A) To calculate Break-even (in units) Formula using to this Break-even point (in units) = fixed…

Q: What role does advertising play with respect to differentiated products? A Shaping consumers'…

A: Monopolistic competition is a kind of market structure in which there are several numbers of…

Question

8. Pricing What is the optimal way to charge for a solution like Differ.Chat? Should it be a fixed price campus license or a different model would work better (e.g, student-pay, advertising), and corresponds well with the marketing strategy suggested carlier.

9. Retention As with many consumer applications, retention is a majorchallenge. How can Differ.Chat improve retention of its students?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

(2) problem think of researches,ecommerce problem measure quantatitive and qualitative analyais.details with content by own, not copy from anywhere
Instructions: Answer ALL Questions. Include referencing where additional sourceshave been used. APA format is recommendedQuestion 1a. How is monopolistic competition like monopoly, perfect competition andoligopoly? b. Give two examples of price discrimination. In each case, explain why themonopolist chooses to follow this business strategy c. Why does price equal marginal revenue for the perfectly competitive firm?What is the relationship to the demand curve for the firm? Question 2a. Define economies of scale and explain why they might arise. Definediseconomies of scale and explain why they might arise.b. Explain the relationship between total product, marginal product, and averageproduct. c. How does fixed cost affect marginal cost? Why is this relationship important?Question 3a. Is it possible for total utility to increase while marginal utility diminishes?Explain. b. Mary has two dinner options available: eating a home cooked meal for $150 permeal, or at a restaurant for $260 per…
4. A significant advantage of using a standardized strategy for all of a firm's markets is A customized promotional messages for each market. B the ability to satisfy varied market segments. C the consideration that is given local tastes and preferences D economies of scale that grow out of large production runs. E variety in products and promotions.
11. A key to business success is to decide in advance how to respond to the issues that underlie all questions of ethics and A) personnel complaints B) compensatory damages. C) governmental support D) social responsibility 12. Which of the following does NOT fall into the degrees of competition continuum? A) Perfect competition B) Monopolistic competition. C) Competitive advantage D) Oligopoly
Given Question #1 Cost function C= 3000+6Q Q = 4400 - 200Q Q= 1600 P = 14 Profit= 22400-12600 = 9800 Question #2 Q=$480 - Laredo Q=$1120 - SA Question #3 Ed=−1.25 - Laredo Ed=−0.55 - SA 0.5<0.8− markup index it is charging less. - Laredo 0.64<-1/-0.55--markup index it is charging less. - SA Please answer question number #4 A-C
1- What is important for the retailers to consider in the selection of target market? a. Degree of competition at local and national level b. Sales promotion c. Product display d. Retail format
1. TopGames buys the rights to sell a certain video game title worldwide. top games pay $400,000 for this right and the marginal cost of providing the video game download is zero. TopGames’ economist realizes they have two groups of customers: the 2,000 hard-core fans of this game who will pay up to $150 a year to be able to play this game; and the 10,000 casual gamers who will pay up to $50 a year to play this game. If TopGames can NOT price discriminate, what is its profit-maximizing price? What is its profit? a. Price = $50; Profit = negative $100,000 b. Price = $50; Profit = $300,000 c. Price = $150; Profit = $100,000 d. Price = $150; Profit = $500,0002. TopGames buys the rights to sell a certain video game title worldwide. top games pay $400,000 for this right and the marginal cost of providing the video game download is zero. TopGames’ economist realizes they have two groups of customers: the 2,000 hard-core fans of this game who will pay up to $150 a year to be able to play this…
6. Which competitive force has Naomi capitalized on to benefit her company's manufacturing processes? a. Buyer power b. Threat of substitute products or services c Threat of new entrants d. Supplier power
3 Choose any Pricing related (theory, strategy, philosophies, models, techniques, etc ) to discuss in-depth. Element 4: Provide real example/s that support your chosen approach
1) what point is Market outcome? 2) what area is profit or loss? 3)how do I find total cost for different prices? 4)would charging 2.25 per can be ideal?
Subject: Menagerial economics & policy Mcq's 8) A few firms dominating an industry is an example of a) oligopoly b) monopoly c) monopolistic competition d) None of the above 9) A market structure in which many firms sell products that are similar but not identical is known as a) monopolistic competition b) monopoly c) perfect competiion d) oligopoly
Given Question #1 Cost function C= 3000+6Q Q = 4400 - 200Q Q= 1600 P = 14 Profit= 22400-12600 = 9800 Question #2 Q=$480 - Laredo Q=$1120 - SA Question #3 Ed=−1.25 - Laredo Ed=−0.55 - SA 0.5<0.8− markup index it is charging less. - Laredo 0.64<-1/-0.55--markup index it is charging less. - SA Please answer question number #4 (A-C) For Laredo only