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Q: How can supply chain management (SCM) help a company establish a competitive advantage?
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Q: Firms most often reduce the prices of the goods they sell during periods of expansion. True False
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A: Introduction Marginal Cost The cost of producing extra unit of quantity is called marginal cost.
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A: ANSWER construct an advertising program for an airline using the laddering technique is
Q: Economic efficiency means using the method that produces given level of output at_
A: Economic efficiency implies utilizing the technique that creates a given degree of yield at the most…
Q: Find supporting evidence that competition makes markets more efficient in this case.
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A: The marginal terms has been used used in various theories of economics for explaining theories of…
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Q: monopolist's decision about how many unit to sell is realted to micro or macroeconomics
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A: Inelastic demand takes place when quantity demanded of the commodity changes less than the change in…
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A: (Q) An increase in consumer demand for espresso would lead, in equilibrium, to an _____, while an…
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A: Cost: Cost is the financial worth that an organization has spent to create something. In a business,…
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Q: Only one firm able to produce profitably in a market given demand and costs describes a ____?
A: A monopoly market's features enable the sole seller both the market operator and the value creator.
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Q: provides a way (which is not able to be duplicated), for a firm to differentiate its product…
A: * ANSWER :- Based on the given information the answer is provided below .
Q: How to Estimate demand, costs, and profits?
A: When talking about demand We estimate the price elasticity of demand.
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Q: What price does a firm charge for the good it produces?
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Q: The average profit is the difference between
A: To find : What is average profit.
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- 5 In models for homogenous goods, it is assumed that the good in question obeys the law of one price. The above statement is AnswerWhich of the following is NOT the way you can understand interaction effects? a. by graphing the cell means b. through inspecting cell means c. through inspecting marginal means d. by a verbal description of resultsPROBLEM 2.25% PARTIAL DIFFERENTIAL LAGRANGE OPTIMIZATION In the era of the Covid 19 pandemic, we are required to consume lots of fresh fruits. The satisfaction of a consumer in consuming two kinds of fruit, namely Apples (X) and Oranges (Y) is: U = X3 Y2 income or budget to buy the two fruits is Rp. 250,000, the price of apples IDR 75,000/fruit and the price of oranges is IDR 25,000/fruit. a. How many apples and oranges must be obtained in order to achieve optimum satisfactionb. Calculate the optimum satisfaction value that can be achieved
- During the past major recession, upscale hotels in the United States recently cut their prices by 25 percent in an effort to bolster dwindling occupancy rates among business travelers. A survey performed by a major research organization indicated that businesses were becoming wary of bad economic conditions and began resorting to electronic media, such as the Internet and the telephone, to transact business. Assume a company’s budget permits it to spend $6,000 per month on either business travel or electronic1 media to transact business. Graphically illustrate how a 25 percent decline in the price of business travel would impact this company’s budget set if the price of business travel was initially $1,200 per trip and the price of electronic media was $600 per hour. Suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is −1. Is the company allocating resources…During the past major recession, upscale hotels in the United States recently cut their prices by 25 percent in an effort to bolster dwindling occupancy rates among business travelers. A survey performed by a major research organization indicated that businesses were becoming wary of bad economic conditions and began resorting to electronic media, such as the Internet and the telephone, to transact business. Assume a company’s budget permits it to spend $6,000 per month on either business travel or electronic1 media to transact business. Graphically illustrate how a 25 percent decline in the price of business travel would impact this company’s budget set if the price of business travel was initially $1,200 per trip and the price of electronic media was $600 per hour. Suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is −1. Is the company allocating resources…Transfer and revenue effect:The consumer gets positive benefits from consuming bread (B) and cake (K). Consumer utility is as follows: U(B,K) = 20·B2·K The price of bread is 200 ISK. but the price of a cake is 400 ISK. Consumer consumption is set restrictions as his income is ISK 20,000. Put cakes on x-axis and bread on pictures y-axis. a) Show the equation for the locating ratio of bread for one cake. Draw the equivalence curve on a graph and interpret what the equation position ratio says at each point in the equivalence process. b) Find the most efficient consumption combination and draw on the picture. c) The state decides to tax bread so its price rises to 400. Who is the most cost-effective consumption mix based on changing prices? Change change consumption patterns in the separate effects of displacement and income effects. Show the most efficient the consumption composition in the picture and differentiate the changed consumption due to price changes intransfer and income…
- The diagram below represents a 3-consumer economy, revealing each individual's demand curve (D1, D2, and D3). Using the 3 individual demand curves, construct/draw the market demand curve. [Options for submission: 1) take a screenshot of the figure, copy/paste into Word, and use the drawing tool to draw the market demand curve or 2) recreate the diagram on your own paper (careful to correctly label all intercepts and curves) and draw the market demand with a different color pen(s)] --> upload your image into this question before submission Please show in the picture how to identify. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.INTERMEDIATE MICROECONOMICS 2. Clearly describe substitution effect and income effect for a fall in price for a normal good and an inferior goodNot a previously graded question. Becky is a talented artist who sells hand-crafted goods on her website. Becky currently crafts and sells both picture frames and pillows. She spends 8 hours a day working on crafts. The following table gives different daily output scenarios depending on how much of her time is spent on each good.
- Last Word) Behavioral economics incorporates culture and the studies of Multiple Choice sociology and economics. psychology and economics. mathematics and economics. finance and economics. None of these choices are correct.18. Why could experiments be used to solve the endogeneity problem? [answer in no more than 50 words]Describe the two approaches of utility analysis !