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- In pricing a product cost works as a floor and customer perception of the value of a product works as a guide to price a product explain this ???Draw the diagrams for MRS for perfect substitutes, perfectcompliments and close substitutesTotal revenue equals Question 2 options: a) price times quantity b) price divided by quantity c) (price times quantity) / total cost d) output-input
- How do we measure the Profit Margin on Sales?What are the factors that will affect the total revenue?justify your answerPlease help; I'm confused on this one. I got d as my answer, but I feel the correct answer should be (C), an increase in supply since the marginal cost is being increased due to work safety regulations.
- Pilar’s taco trucks sells about $600 various tacos per day for an average price of $6. On average, each tacos cost $3 (includes labor, materials and miscellaneous), Pilar’s profit margin is ________.If a firm wanted to reduce the annual EOQ cost as a percentage of the annual purchasecost by 50 percent, how would the demand rate have to change?a. Decrease by 50 percentb. Remain unchangedc. Increase by 50 percentd. Doublee. QuadrupleAnswer it fast and correctly. I will rate accordingly. Explain well. Typed answer only. Don't stuck.