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- a)a strong preference for good X over good Y b)a weak preference for good Y over good X c)a weak preference for good X over good Y d)a strong preference for good Y over good XA company, which manufactures a pen, finds that at a price of R14.00, demand is 4000 units. For every R0.50 decrease in price, demand increases by 200 units. Find the price and quantity sold that maximize revenue.In which of the service system does the customer affect the time of demand a. Low degree of customer contact b. High quality c. High degree of customer contact d. High delivery reliability
- The proprietor of a little store plans on buying $1,500 worth of products to be increased 40% dependent on the selling cost. Of this he will have bought $200 worth of "floor merchandise", which will sell for $250. In case he is to keep up with the wanted 40% markup on the all out buy, what markup % is required on the equilibrium of the buys?Elvira College has an enrollment of 1,000 students and is located in a small Midwestern town named Johnsonville. Johnsonville has a total population of 2,500 people. The nearest town is 20 miles away. Most of the residents shop locally, but they travel about once a month to the larger city and pick up the large-ticket items. Johnsonville has one fairly good-size supply store named Jameson's Grocery. The only other place in town where you might buy supplies is at the gas station/convenience store located on the edge of town. What competitive situation is Jameson's Grocery experiencing?Competitive Situation:Explanation:ally's airfryers
- . Average revenue is. A) price multiplied by the number of units sold. B) the extra revenue gained by selling one more unit. C) total revenue divided by the number of units sold. D) expected sales revenue in an average week, month or year.Dropping University Courses Students doing poorly in courses often consider dropping the courses. Many universities will offer a refund before a certain date. Should this affect a students drop decision?A manufacturer can produce a gizmo at a cost of $6 apice. He sells this gizmo for $10 ,and at this price 10 gizmos are sold each day. The manufacturer figures that each $3 dollars decrease in price will sell 3 additional goods each day. Write out the Demand and Profit functions. What price xmaximizes profit?