The marketing department of an organization is responsible for facilitating Select one: O a. the coordination between the various departments within the entire firm. O b. finančial contracts with banks and other lending institutions. O c. relationships, partnerships, and alliances with the organization's customers, O d. alliances with firms with noncompetitive products that target similar markets. e. healthy competition with other product manufacturers.
Q: Economies of scope refers to the idea that O the variety of products offered is an indicator that an…
A: find below the answer.
Q: The global pandemic 2020 has promoted a race to capture the market for introducing effective vaccine…
A: Profits are maximum at such quantity where marginal revenue is equal to marginal cost
Q: PROBLEM Two firms (1 and 2) with total costs TC1(q) = 60q and TC:(q)=120q (hence the marginal costs…
A: The Nash equilibrium for perfect competition is when the competitors charge maximum or more than…
Q: Rio live in a town with 300 adults and 200 children, and he is thinking about putting on a play to…
A: 1)a)In order to find the profit maximization price the marginal revenue of both adult and children…
Q: Many firms now use e-mail and the Internet to promote their products instead of sending promotional…
A: An organisation can survive in the market only if it makes changes in its business functioning and…
Q: 4. Under imperfect competition with with and horizontaly differentiated products, the firm units…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: a. Profit is maximized at a price of $ b. The profit-maximizing level of output is__ c. At the…
A: A monopoly firm maximizes its profit where marginal revenue is equal to the marginal cost. The firm…
Q: The total cost functions of all 4 saloon are given a under: Saloon 1 TC1 = 20+5Q1 2 Saloon 2 TC2…
A: Total cost is the cost incurred by the firm in producing the total quantity. The total cost is given…
Q: Which one of the following is the Primary Point of Customer Contact? Select one: O a. sales O b.…
A: So as to generate sales and make profit through the sales, it is important to satisfy the customer…
Q: When planning an international marketing campaign, standardized advertising is not a good strategy…
A: The techniques and methods used to advertise products and services in many countries are known as…
Q: nount of commercials that could be ed during children's television shows, fectively reducing the…
A: Price Elasticity of Demand: Price Elasticity of demand is the degree of responsiveness of % change…
Q: A ....... is defined as being comprised of individuals or organizations that are interested and…
A: A market is a place which brings sellers and buyers together. It is a place where producers or…
Q: Little's Law: An electronics retailer tries to keep inventory levels low so that they can avoid…
A: Inventory refers to the stock of current assets of a company that is kept by a producer to sell them…
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: When advertising is deceptive, what do critics claim happens? Select one: O a. It makes buyers less…
A: Advertisement is an essential part of monopolistic competition structure of market. Here, firms…
Q: Not-for-Profit organizations has the same establishments as business, but their objectives are not…
A: Since you have asked multiple questions, we will solve the first question for you. If youwant any…
Q: Intellectual property (IP) rights are intangible assets that protect ideas and brand value. Firms…
A: Intellectual property rights are assets of the firm that make business to have pricing power and…
Q: The firm's profit maximizing output level is ____ units. b. At the profit-maximizing level of…
A: Profit is maximized when P = MC = $10, with Q = 20.
Q: irving fisher life and any economic theory?
A: Economics is the study of scarcity and unlimited wants. The resources are scarce because they are…
Q: 5) The following statement about MC and AC is correct a) "When MC is falling , AC is…
A: The measure that depicts the graphs of the costs involved in process of production being a function…
Q: 5. Down On Our Luck Studios has spent $100 million producing an aw About a Miserable Person. It the…
A: Cost refers to all the expenses and expenditure that incur in an service or production in service.…
Q: 10. Competitive Supermarkets A small town is served by many competing supermarkets, which all have…
A: In a monopoly, there is a single firm selling the unique product. This implies that the market has…
Q: A good leader of a meeting and a good participant at a meeting O a. avoids inviting difficult…
A: A good leader and a good participant have certain characteristics.
Q: A newly established firm is planning to enter into cosmetic industry of any country with wide range…
A: Barriers to entry means restriction to enter in a specific market and profession.
Q: W hen Jacques Papillon was appointed marketing manager for Argent Tobacco, one of the first things…
A: The key points there that are important to analyze as a decision-maker are: As a decision maker ,…
Q: BNW is one of many producers of luxury wheelchairs, which are differentiated to appeal to different…
A: The firm produces at MR=MCwhereQ=300 and P=1200Price per chair:$1200Quantity of chairs: 300
Q: A value proposition defines how a company's product or service will generate revenue for the firm.…
A: In simple and easy words we can say that the Value Proposition is generally denoted as a promise…
Q: 2. Problems and Applications Q2 A small town is served by many competing supermarkets, which all…
A: The equilibrium in a competitive market takes place where D = S. Here, the ss curve is respected by…
Q: Select the strategy the firm is utilizing. Know the Future, Inc. is able to charge each customer…
A: Price discrimination is the pricing strategy used by firms to maximize their profit and generate…
Q: Competition laws attempt to: O a. increase competition. O b. decrease output levels. O c. decrease…
A: Competition law prohibits corporations from participating in conduct that distorts the competitive…
Q: Brand loyalty as a decision process relies on which theory of learning? cognitive learning O passive…
A: In the mentioned question we have been asked which learning is used while thinking of brand loyalty.
Q: The process of understanding the customer and choosing a group of customer you can serve best is…
A: b) Targeting Option "b" is correct. In marketing, segmenting the target population and then planning…
Q: Considering retailing, which of the following best defines assortment of merchandise? O The number…
A: Retailing is a business term that defines an activity under which an agent sells products and…
Q: Larry, Curly, and Moe run the only saloon in town.Larry wants to sell as many drinks as…
A: Sales maximisation is a conceptual target of a business that requires the offering, without…
Q: In perfect competition, all buyers and sellers : Select one: a. None of the above O b. Take the…
A: As the two questions are different answer is provided to the first question. "Perfect competitive…
Q: How can you defend Walmart according to its pricing actions? Note: By defending Walmart, you are…
A: Walmart make use of Everyday low price (EDLP) to attract customers and to have large market share…
Q: Providing in-aisle checkout service is a way for retailers to combat what omni-channel shopping…
A: Omni-channel shopping is a requirement these days as there are different types of methods available…
Q: Which of the following is true? Select one: O a. Pie charts can effectively show more categories…
A: Pie chart and bar chart are the two types of representation of data.
Q: If competition places discipline on costs, motivating firms to innovate and find more…
A: Different market structures can be classified on the basis of the number of sellers or firms…
Q: All of the following are true regarding the marketing except: O a. Marketing is involved whenever…
A: All of the following are true regarding the marketing expect that only those who work in the…
Q: What issues do the online businesses face? How are they similar to offline competition? How are…
A: Before analyzing the issues related to online businesses, firstly we need to know what is an online…
Q: The total cost when the demand that is maximized profit is $1800, fixed cost (CF) = %3D $5500, Cv =…
A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…
Q: Wal-Mart Stores, Inc., is an enomously successful chain of discount retail stores started by Sam…
A:
Q: Whether firms are profit maximisers or are pursuing some alternative objective(s), many set prices,…
A: A firm that is a profit maximiser will adjust its mark up more often as compared to a firm that is a…
Q: Token price increases from $1.25 to $2.50: Ridership now declines to 25 % equivalent to 10 M less…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: One-on-one interaction between a salesperson and a prospective buyer is called O personal selling O…
A: Answer: Personal selling
Q: Use the following table for questions 7-10 Carving knives Home users Professional Chefs No-name…
A: Here, the given table shows the price of two products for two different types of chefs that the…
Q: fa monopolistically competitive market experiences economic loss in the short run then a. some of…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- A firm in a monopolistically competitive industry may try to differentiate itself by a) advertising. Ob) offering a guarantee. Oc) improving quality. d) locating in a convenient area. O e) all of the above. 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.The green line in the graph below represents a firm's long-run average cost without advertising, while the red line represents being with advertising. In a scenario where a firm runs advertising but it doesn't work or pay off, assuming they start at point A, where would a failed advertising campaign result? Cost Per Dish 3.50 (dollars) Point C O Point B O Point A O No point C 3.00 2.50 2.00 1.50 1.00 0.50 02 468 B 10 10 12 14 With advertising LRAC2 LRAC Without advertising 16 18 20 22 24 Quantity of Frozen Yogurt (thousands of dishes per month)The global pandemic 2020 has promoted a race to capture the market for introducing effective vaccine and treatments. a. If PFIZER is the sole vaccine provider given the following information, answer the questions below: Output Price/Unit Total Cost 1 5500 1000 2 5000 1200 3 4500 1500 4 4000 2500 5 3500 4000 6 3000 5700 7 2500 7500 8 2000 9400 9 1500 11400 10 1000 13500 Given the tabular information above find the profit-maximizing output and price also illustrate the same using the two-dimensional labeled diagram. Show the calculation as well. b. Assume if many firms enter into the business of providing vaccine determine: How the demand curve of PFIZER would change and how it would now maximize its profit? The kind of market structure now PFIZER…
- 17 of 16 BNW is one of many producers of luxury wheelchairs, which are differentiated to appeal to different market niches. BNW's Price per chair relevant demand and cost curves are depicted in the graph. $2,000 Average total Use this graph to answer the questions. Assume that there are 1,800 Marginal cost no significant barriers to entry. cost 1,600 Determine BNW's profit-maximizing price and quantity. 1,400 1,200 1,000 price per chair: $ 800 600 400 quantity of chairs: chairs 200 Demand Marginal revenue 100 200 300 400 500 600 700 800 900 Calculate BNW's profit. Chairs per week BNW's profit: $QUESTION 42 A marketing channel is a business structure composed of interdependent organizations that reach from the point of product origin to the final consumer. O True O False QUESTION 43 The three basic functions a channel intermediary provides are transactional, logistical, and facilitating functions. True False 1 1.5 pMassive advertisement by Oligopoly and Monopolistic fims i called the practice of non-price competition by which they seem to cause inefficiency in production and distribution of their products. Any government attempt to legislate to limit the cost of advertisement at specific level, the firms will never welcome that possible restriction on their advertisement cost because O t willreluce the power of maintalning their barrier to entry of new firms into the market to take away their market shares O twill lower their profit O itwill increase their cost of sales O twill incur massive loss
- Total Output 1 2 3 4 5 6 7 8 9 10 Price $ 100 90 80 70 60 50 40 30 20 10 Marginal Average Revenue $ 100 80 60 40 20 0 -20 -40 -60 -80 Total Cost $ 100.00 63.00 52.67 49.50 49.60 50.00 52.29 55.75 60.67 67.60 Marginal Cost $ 30 26 32 40 50 52 66 80 100 130 Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's total profit will bePRICE (Dollars per engine) 100 90 80 70 60 40 30 & 2 20 10 MO D 0 10 ATC MR Demand 20 30 40 50 60 70 DO 90 QUANTITY (Thousands of engines) 100 Mon Comp Outcome Min Unit Cost Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that optimal quantity. Furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium is average total cost. at the the minimumReview Question 12-01 O A monopolistically competitive firm gets a massive amount of free advertising when a government agency gives it an award and millions of people mention the award to each other on social media. Which of the following is most likely to happen? Mc Graw Multiple Choice O Demand becomes more elastic and pricing power increases. Demand becomes less elastic and pricing power decreases. Demand becomes less elastic and pricing power increases. Demand becomes more elastic and pricing power decreases. < Prev 10 of 10 MacRook Di Next
- A manufacturer of cassette tapes expects a fixed cost of $55,000. It plans to work onthe margin of forty-six percent of retail, and to incur other variable costs of $0.4 per cassette.The selling price per cassette is $6 dollar.i. Find the revenue, cost, and profit functions using q for a number of cassettes.ii. How much profit will be earned if 25000 cassettes are produced?iii. Construct the break-even chart. Label the cost & revenue lines, the fixed cost line, and the break-even point.COURSE: MICROECONOMICS 2 - MONOPOLY IN DURABLE GOODSA monopolistic firm has estimated its inverse demand function as P = 200 − 0.5 Q + 40*(1/UL) with a increasing marginal cost (MC) estimated to be 10 Q. (a) Estimate effect on firm's extraordinary profit if it changes useful life (UL) of its product from 8 years to 5 years. b) What will happen to selling price?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…