The profit maximizing combination of two products is found where?

Q: Alex runs a snowboard rental business that charges $12 per snowboard and averages 36 rentals per…

A: A firm incurs two types of costs:-Fixed costs and variable cost. In case of fixed costs like land,…

Q: Pick three products you use every day (in school, at work, or for pleasure—perhaps one of each).…

A:

Q: f profit for the shoes firm is $400 and the cost is $800 Calculate total reven

A: Total revenue refers to price multiplied by quantity. Total revenue refers to total receipts from…

Q: firm Y charges

A: Considering the given game, if X chose P=$2. then, Y would have two options. 1. Chose P=$4 2. Chose…

Q: What is the profit motive

A: Profit Motive: It is the firm's motivation that persuades the firm to earn more profit. The profit…

Q: money-making financially successful * O slum Oinfrastructure profitable

A: money is a product acknowledged by broad assent as a mechanism of monetary trade. It is the medium…

Q: If you want to increase demand for your restaurantbut are unable to lower prices or increase…

A: As it is given in the question, a restaurant does  not have more funds to advertise higher level and…

Q: how markup pricing can be helpful to managers to make the firm earn the maximum amount of profit…

A: Markup pricing is a way of calculating the price of a product or service by combining all of the…

Q: refer(s) to the unique set of psychological characteristics that tend to identify individuals in the…

A: A market is a place where the two parties of the trade such as the buyers and the sellers come and…

Q: Describe your ideal company culture

A: The way you do things at work is referred to as company culture. It's the sum of your official and…

Q: Why would consumers knowingly buy counterfeit luxurybrands?

A: Consumers buy products that producers produce. Some products are necessities, some are for fun, some…

Q: Definition of Perfect market

A: A firm in any kind of market structure works with the objective of maximizing its profit and a firm…

Q: In what situation would a company give a discount?

A: Company is a profit making as well as employment generating organization. It provides the consumers…

Q: Describe the procedure of Gauging Product Cost and Price?

A: The cost of production of a good or service is the aggregate value of the investment made by a…

Q: Calculate average, marginal, and total revenue.

A: ANSTR is the total receipts of a seller that he earns from selling the goods that it produces. If P…

Q: What is profit

A: Profit = Revenue - costs

Q: total, marginal, and average reven

A: Calculation of TR,MR and A R TR= P×Q AR= TR/Q

Q: Use the information in picture 1 and picture 2 to graphically show the maximum profit. Please kindly…

A: Total Output Price Total Cost (TC) Total Revenue (TR) Profit = TR -TC Marginal Revenue Marginal cost…

Q: There are several hamburger shops around you. You are trying to find ways to make your hamburger…

A: A monopolistically competitive firm will look to differentiate its product from its competitors as…

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

A: The owner must do a marginal analysis while making a decision regarding an increment of the radius…

Q: Angie's Bake Shop makes birthday chocolate chip cookies that cost $2 each. Angie expects that 10% of…

A: Price per cookie can be calculated by using the following formula.

Q: You are the BRAND MANAGER of "AFTER EIGHT "

A: GIVEN   Scrutinize the use of social media platforms such as Facebook, Youtube, Twitter, Instagram…

Q: Number of Sellers: In a large city, two taxi companies own all the licenses that the city will grant…

A: The number of firms within the market shows the competition level in the market. If there are many…

Q: ilustrate and example of economic profit with numbers

A: Economic profit is the profit one gets after taking into account the implicit and explicit costs,…

Q: How many units should the firm produce to maximize profit?

A: Profit is maximized at the output level, for for which MR = MC.

Q: A firm operating with average revenue $100 and producing total 10 phones. How would I calculate…

A: The given data in the question: Average revenue (AR) = $100 Total Quantity (Q) = 10 units

Q: How do you determine if a firm is profit maximizing?

A: A firm is profit maximizing if the firms total cost is less than is total revenue(TR = TC). We can…

Q: What is profit maximizing output?

A: The profit maximizing output is determined by equating marginal revenue with marginal cost.The…

Q: hoenix Dubai is a small shop that has been operating in the United Arab Emirates for several years.…

A: The generation of money from normal operations of the business is known as revenue. It is being…

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: A restaurant should not stay open for an additional hour if it's _exceeds_ a) average benefit;…

A: Firms produce goods and services and try to maximize their profits by analyzing the market…

Q: lepends on its own and its competitor's decision about which product to produce. These profits

A: The payoff matrix for both the firms is given below :-   Y1 Y2 Y3 X1 12, 8 18, 9 0, 0 X2 16,…

Q: marketing we can summarize way: marketing. it's selling! a) true b) false a very simple

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

Q: Draw a diagram to indicate the profit-maximizing level of output, the profit-maximizing price, and…

A: At any market structure, the firm would produce at the output level, where the marginal cost is…

Q: Profit maximizing condition in any market.

A: The process of ensuring the highest possible levels of both production and price are attained in…

Q: When testing the appeal of a new product it is best to use: a focus group your own e-commerce site

A: Product Testing, likewise called shopper testing or relative testing, is a course of estimating the…

Q: What is characteristic in the marketing of services as compared to commodities, merchandise or…

A: Service marketing is a concept which focuses mainly on the business of non-physical intangible…

Q: Walmart overview of ratios to a competitor and how could they be improved?

A:

Q: The brands a consumer considers buying out of the set of brands in aproduct class of which the…

A: Consumer: A purchaser is an individual or a gathering who means to request, requests, or uses bought…

Q: What kind of business is a travel agency? What problems are solved with the help of a travel agency…

A: 1. A travel agency is a private merchant or government agency that offers tourism and travel related…

Q: How does a change in the response rate affect profit?

A: A response rate refers to a rate that shows the number of people or participants who have responded…

Q: What is the goal of the Multitasking machine?

A: Multitask machining is the ability to conduct specific unattended manufacturing operations, without…

Q: When a firm takes the short-down decision?

A: Shut down is a situation when it is better for the firm not to produce instead of producing.

Q: what are the reason why business sell their products on a discount?

A: Offering discounts on buys is an approach to rapidly bring individuals into your store. Whenever you…