When there are economies of scope between products, selling off an unorofitable subsidiary could lead to Select one: a. a major reduction in costs. b. only a minor reduction in costs. c. only a minor reduction in sales. d. a major reduction in sales.
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- A computer company produces affordable, easy-to-use home computer systems and has fixed costs of $250. The marginal cost of producing computers is as indicated below. Output Fixed Cost Variable Cost Total Cost Marginal Cost Average Cost Average Variable Cost 1 $250 $700 $950 $700 2 $250 $925 $1175 $225 3 $250 $315 4 $250 $360 5 $250 $400 6 $250 $450 7 $250 $550 If the company sells the computers for $550, is it making a profit or a loss? How big is the profit or loss? If the firm sells the computers for $315, is it making a profit or a loss? How big is the profit or loss? We expect the marginal cost to increase as this firm produces more computers. But when the firm shifts from producing 1 to 2 computers, marginal cost falls. What might explain this?22. Which one of these will continuously increase as more products are produced? a. None of the choices b. Variable cost c. Average fixed cost d. Fixed costPrice equals $20, quality equals 400 units, unit cost equals $15, implicit cost equals $4000. What does economic profit equal?
- Creative Homework/Short Project As an account executive with a market research firm, you are responsible for deciding on the type of research to be used in various studies conducted for your clients. for each of the following client questions, list your choices of research approaches. a. Will TV or mobile device advertising be more effective for a local bank to use in its marketing communication plan? b. Should a California winemaker operating on a national scale switch from bottling its mid-tier wine ($9 to $15 per bottle) with corks to bottling it with screwcaps? c. Are consumers more likely to buy brands from firms that support strong sustainability initiatives? d. What existing features of an e-commerce site selling clothing to women are most important for making a purchase decision?Food Fanatics caters meals where its costof producing an extra meal is $25. Each ofits meals sells for $20. At this rate, whatshould the company do?a. Produce more meals and increase itsprofit.b. Produce fewer meals and increase itsprofit.c. Not change production.d. None of the above.Identify the total cost and total revenue
- Where does the profit/loss rectangle go? Also, the price and drop downs. 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.(a) Explain Implicit and Explicit cost with the help of suitable example?(b) Some producers do not stop their production when they face loss in their production. Why? (c) What is the importance of stages of production?The revenue for a product is R(x) = −0.004x^2 + 21x − 6200 and thecost is C(x) = 0.02x + 38, for x units produced and sold.Should output be increased or decreased to generate a higher profit?