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True/False
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- Sg3 Economics An industry produces its product, Scruffs, at a constant marginal cost of $50. The market demand for Scruffs is equal to Q=75,000−500PQ What is the value to a monopolist who is able to develop a patented process for producing Scruffs at a cost of only $45? $_____________ If the industry producing Scruffs is purely competitive, what is the maximum benefit that an inventor of a process that will reduce the cost of producing Scruffs by $5 per unit can expect to receive by licensing her invention to the firms in the industry? $________________1- What is important for the retailers to consider in the selection of target market? a. Degree of competition at local and national level b. Sales promotion c. Product display d. Retail format7. Due to the war in Ukraine, natural gas prices are expected to increase rapidly in Europe this winter. Which role of prices will European consumers experience in this market? The rationing role which states that as prices rise, only those buyers most willing and able to pay will be able to keep their homes as warm as they desire. The resource directly role which states that as prices rise, suppliers of natural gas from other nations will attempt to increase production to sell to Europeans. The information role that teaches us how rising prices conveys a message that prices were below equilibrium right before they began to rise. The rationing role of prices which discriminates based on the consumer income, wealth and other factors that influence consumption. All of the above.
- 3- There are many sellers of abayas and dishdashas in Muscat. Each abaya and dishdasha seller makes their product slightly different from others. There is free entry and exit into this market. Which market structure is this situation referring to? a. Monopolistic Competition b. Perfect Competition c. Oligopoly d. Monopoly6. Which competitive force has Naomi capitalized on to benefit her company's manufacturing processes? a. Buyer power b. Threat of substitute products or services c Threat of new entrants d. Supplier power29- In what step of the selling process, the salesperson will spend a considerable amount of time. a. Scanning the sales leads b. The sales meeting c. Closing the sale d. Handling objections
- 4. Continuing with the Table of Certificate Programs, complete the calculations for Total Revenue by determining how many customers will purchase at each of the segment's bundle price. Online Self Certifications for Social Work License Certification in Online Counseling Certification as a Group Home Counselor Bundle Customers TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 a $70 e $260 4a Segment 2 1000 $150 b $90 f $240 4b Segment 3 1000 $95 c $160 g $255 4c Segment 4 1000 $35 d $195 h $230 4d 4a) 4b) 4c) 4d)5. The demand function for a manufacturer's product is D = 80 - 3p , where D is the number of units and 'p' is the price per unit. The value of D that will achieve maximum revenue is Blank 1units.10 What is informed consent in research? Select one: a. Involves deceiving research participants about the study their about to participate in so that the researcher can get better data. b. A process where a researcher must fully inform their research participants about their study (and all the risks and benefits) before they ask for permission to conduct a healthcare intervention. c. An information session about consent before being intimate. d. Information finding on a research topic
- 4. A significant advantage of using a standardized strategy for all of a firm's markets is A customized promotional messages for each market. B the ability to satisfy varied market segments. C the consideration that is given local tastes and preferences D economies of scale that grow out of large production runs. E variety in products and promotions.13 Can you help me solve this question? Thanks.12. To prevent adverse selection, health and life insurance companies Question 12 options: a) charge the same premiums to all policyholders. b) require potential policyholders to submit medical records or submit to an examination, and may refuse to sell policies to people with certain pre-existing health conditions. c) charge lower premiums to policyholders with a higher risk of filing claims. d) always charge the same premiums to people regardless of certain pre-existing conditions.