if a perfectly competitive firm determines that mr >mc, then to increase its profit the firm will its production marginal revenue exceeds marginal cost.
In economics, the marginal cost is the trade inside the total cost that arises while the quantity produced is incremented, the cost of producing additional quantity. In a few contexts, it refers to an increment of 1 unit of output, and in others, it refers back to the fee of trade of general cost as output is multiplied by way of an infinitesimal amount.
As parent 1 indicates, the marginal price is measured in greenbacks according to the unit, while the general price is in dollars, and the marginal cost is the slope of the whole price, the price at which it increases with output. Marginal price is different from common cost, that's the entire value divided through the variety of units produced.
At each degree of manufacturing and time period being considered, marginal value consists of all costs that modify with the level of production, while fees that don't range with manufacturing are constant. for instance, the marginal value of producing a car will include the charges of exertions and components wanted for the additional car but now not the constant value of the manufacturing unit construction that does not trade with output.
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steven has an urge to buy a dove ice cream bar when he enters the neighborhood convenience store. what would be the best term to describe steven's buying situation?
Steven has an urge to buy a dove ice cream bar when he enters the neighbourhood convenience store. Impulse buying would be the best term to describe Steven's buying situation.
Why do people buy things on impulse?The propensity of a consumer to make unplanned purchases of products and services is known as impulsive buying. Such impulsive purchases are typically motivated by feelings and emotions when they are made by a customer. One particular product category cannot be used to categorize impulsive purchasing.
What triggers impulsive purchases?Emotions are frequently involved in purchasing. Impulsive purchases can also be prompted by stress, despair, and even happy times. Impulsive purchases frequently originate from the simple need for a "pick-me-up" or any type of enjoyment because shopping or getting new things is fun for many individuals.
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paola is thinking of opening her own business. for each of the production inputs listed below, indicate whether the input incurs an implicit cost, explicit cost, or no cost.
a. Rent:
b. Wages:
c. Owned equipment:
The best option of opening her own business. for each of the production, inputs are Rent.
A company means an entity or organization engaged in professional activity. They may be commercial, industrial or otherwise. For-profit companies trade to make a profit, while non-profit businesses trade for charity.
Business is the backbone of the economy. We offer products and services that individuals and other businesses can purchase. Companies range from small to large and operate in a variety of industries. The most common types of companies are sole proprietorships, partnerships, corporations, and S-company.Learn more about business here: https://brainly.com/question/24448358
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rosita's announced that its next annual dividend will be $1.65 a share and all future dividends will increase by 2.5 percent annually. what is the maximum amount you should pay to purchase a share of this stock if you require a 12 percent rate of return?
If you need a 12 percent rate of return, you should spend no more than $17.37 on a share of this stock.
What is the return rate?The net gain or loss of an investment over a predetermined time period expressed as a percentage of the investment's initial cost is known as a rate of return. You choose the percentage that changed from the start of the period to the end when figuring out the rate of return.
A rate of return can be used for any kind of financial instrument, including stocks, bonds, shares, real estate, and fine art (RoR). Any asset may be utilized with the RoR as long as it has been purchased only once and will eventually produce cash flow.
Comparing historical rates of return to those of comparable assets is one way to gauge how appealing various investments are. A required rate of return is frequently chosen by investors before making an investment decision.
Calculation:
Given that the required return, k = 12%, the growth rate, g = 2.5%, and the next dividend, D1, is $1.65
The greatest amount, P, determined by the Constant Growth Model is
P = D1/(k-g)
P = $1.65 / (12-2.5)
P = $17.37
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A distinguishing feature of an oligopolistic Industry is the tension between a) Short-run decisions and long-run decisions. b) Cooperation and self-interest c) Profit maximization and cost minimization d) Producing a small amount of output and charging a price above marginal cost Use the figure below to answer the question that follows 160 100 ATC 12333 90 Demand 56.67 MR 100 133.33 15492 Quantity 2. As the figure is drawn, the firm is in: a) Neither a short-run equilibrium not a long-run equilibrium. b) A short-run equilibrium as well as a long-run equilibrium. c) A short-run equilibrium but it is not in a long-run equilibrium. d) A long-run equilibrium but it is not in a short-run equilibrium. 3. An example of a variable input in the short run is: a) an employee b) capital equipment. c) land. d) a building. 4. According to the law of diminishing returns a) The total product falls as more units of a variable input are added to a fixed input. b) The marginal product of a variable input eventually falls as more units of it are added to input. c) The marginal product eventually increases as more units of a variable input are added t input. d) None of the above.
A distinguishing feature of an oligopolistic Industry is the tension between a Cooperation and self-interest.
What is an oligopoly?
An oligopoly is a market structure where there are few sellers. A seller is large enough to have an impact on the market in an oligopoly. Your competitors are responding to your decisions, but you must also respond to theirs.Unlike perfect competition, monopoly, and monopolistic competition, oligopoly necessitates strategic thinking.
There is a conflict between collaboration and self-interest in oligopoly marketplaces. If every company has the incentive to increase output when they limit their output since the cost is high.
The equilibrium of an oligopoly market is determined using game theory tools.
Therefore option b is correct.
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malcolm has a capital balance of $57,200 after adjusting to fair market value. celeste contributes $44,800 to receive a 25% interest in a new partnership with malcolm. determine the amount and recipient of the partner bonus. $fill in the blank 1 bonus paid to
After accounting for fair market value, Malcolm's capital balance is $57,200. Celeste invests $44,800 in exchange for a 25% stake in Malcolm's new company. The partner bonus is $19,300.
What is the capital, exactly?A factory and its equipment, intellectual property like patents, or the financial assets of a person or firm are all included in the broad definition of capital along with other goods that bring value or benefit to their owners.
The term "capital" can refer to money in and of itself, although it is more usually used to describe money that is being used for investments or productive purposes. In general, cash is crucial to running a business on a daily basis and funding future growth.
Calculation:
Equity of Malcolm = $57,200
Celeste contribution = $44,800
Total equity after celeste contribution = $57,200 + $44,800
= $1,02,000
Celeste equity interest = 25% of $1,02,000
= $25,500
Celeste's contribution minus celeste's equity stake equals the partner bonus.
= $44,800 - $25,500
= $19,300 bonus paid to partner
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georgio owns a 30 percent profits and capital interest in rain tree llc. for the current year, rain tree had the following revenues, expenses, gains, and losses:
The business income of Georgia will be $1,395 and separately stated item's value is $5,505
1) business income:
Sales Revenue = $79,250
Less:
Cost of goods sold = ($42,250)
Depreciation = ($7,750)
Wages = ($19,400)
Guaranteed payment to Sandra = ($5,200)
Business income = $4650
Georgia's share = $4650*30/100 = $1,395
2) Georgia's share of separately stated item:
Gain on sale of land = $17,600 = 30%*17,600 = $5,280
deduction ($16,300) = 30%*16,300 = $4,890
Capital Gains $5,750 = 30%*5,750 = $1,725
Municipal bond interest $7,900 = 30%*7,900 = $2,370
Fines and penalties ($3,400) = 30%*3,400 = $1,020
Total = $5,280-$4,890+ $1,725 + $2,370 +$1,020 = $5,505
For tax reasons, business income is categorized as regular income and constitutes a sort of earned income. It comprises all earnings generated from an entity's activities. It is a company's net income or loss, which is determined by subtracting all of its revenue from all sources from all of its operating costs.
The complete question is here:
Georgia owns a 30 percent profits and capital interest in rain tree llc. for the current year, rain tree had the following revenues, expenses, gains, and losses:
Sales Revenue $79,250
Gain on sale of land (C1231) $17,600
COGS ($42,250)
Depreciation ($7,750)
§179 deduction ($16,300)
Wages ($19,400)
Fines and penalties ($3,400)
Municipal bond interest $7,900
Capital Gains $5,750
Guaranteed payment to Sandra ($5,200)
1) How much ordinary business income (loss) is allocated to Georgio for the year?
2) What are Georgio's separately stated items for the year?
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Is Black Friday the busiest shopping day of the year?
A. Yes
B. No
Yes, Black Friday the busiest shopping day of the year.
The Friday after Thanksgiving is referred to in casual speech as "Black Friday" in the US. The American holiday shopping season officially begins on that day, according to tradition. A lot of retailers open early, often as early as midnight[2], or even on Thanksgiving, and frequently have heavily advertised specials with steep discounts. On Monday ("Cyber Monday") or for a full week, several retailers extend their sales ("Cyber Week").
Black Friday is traditionally the busiest shopping day of the year in the United States since 2005. It takes place on the fourth Friday in November, unless November 1 is a Friday. California and a few other states mark "The Day After Thanksgiving" as a holiday for state government employees, despite the fact that Black Friday is not an official holiday in the United States.
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Which situation best illustrates the role of businesses in the circular flow of
goods?
A. A website sells products from many different companies.
B. A company manufactures a new type of truck.
C. A student gets a part-time job to help pay her bills..
D. A mill produces lumber used to build new houses.
The situation which best illustrates the role of businesses in the circular flow of goods is:
(B) A company manufactures new type of truck
The circular flow of goods describes a market situation in which a specific company in a market system produces a new line of products that differs from their usual production line. The circular flow model depicts how money flows in an endless loop from producers to households and back again. In an economy, money flows from producers to workers as wages and then back again as workers spend money on goods and services. Money and goods exchanged in a closed circuit have the same value but flow in the opposite direction.
With this in mind, we can see that the answer choice which correctly illustrates this is manufacturing of new type of truck.
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1. what is the most likely purpose of this document? (a) to highlight the benefits of free market (b) to record the negative effects of child labor (c) to minimize the impacts of agricultural innovations (d) to inspire social and political reform
The most likely purpose of the document in the image attached below is To inspire social and political reform.
Option D is correct.
Elaborating the document:The information contained in the document was an adaption of James Mahony in his work named" Sketches in the west of Ireland" and it described his trip from Cork to Skibbereen.
In the passage, James talked about how the horror of poverty came visible to him, as he saw a large number of famished poor people who came near to their vehicle to supplicate for alms when the trainer stopped for breakfast.
Deductively, we can infer that the information in this document is centered around the social weal of the people and the lack of aid, backing or help from their political leaders.
In conclusion, the most likely purpose of the document in the image attached below is to inspire social and political reform among the people.
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According to mckinsey and company, which position cannot be easily replaced with robots?.
'According to McKinsey and Company, the Team managers position cannot be easily replaced with robots.
Team management is the ability of an individual or organization to manage and coordinate groups of people to complete tasks. Team management includes teamwork, communication, goal setting and performance appraisal.
Managers become good communicators by being good listeners. You give the other person time to speak. They have a clear understanding of the organization's vision and share it with team members to motivate them. They keep the team up to date on what is happening within the organization.
At its most basic level, management is a discipline comprised of five general functions: planning, organization, staffing, leadership, and administration.
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where do you go to access quickbooks online training materials for your clients?
Answer:
go to the ProAdvisor menu then select the Benefits tab and go to the Training section. Select and expand the QuickBooks Online training materials for your clients' section.
Explanation:
Go to the ProAdvisor menu in QuickBooks Online Accountant. Go to the Training area by selecting the Benefits tab. The QuickBooks Online training resources for your clients section can be selected and expanded. Select Download.
How can I get training for QuickBooks Online?Select ProAdvisor Training after logging into QuickBooks Online Accountant. Access training materials and certification tests directly from QuickBooks Online Accountant's ProAdvisor tab.
What can a client see on the QuickBooks Online dashboard?The customer list includes information about your clients, including the name of their head accountant. You can also check the progress of tasks like tax returns and tax preparation. Select a client's name to view additional information. You can see what QuickBooks products they have, documents you've emailed them, and tax return information by clicking on the tabs on their profile.
Are QuickBooks courses offered?For both the online and desktop versions of QuickBooks, self-paced online courses are available. Users can start and end the course as their schedule permits using on-demand training. The video courses are available for as many viewings as you'd like, and live classes are also offered.
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What is individual shared responsibility payment for California?
The penalty for not having coverage the entire year will be at least $850 per adult and $425 per dependent child under 18 in the household when you file your 2022 state income tax return in 2023.
It basically states that you must either have fundamental health insurance, qualify for an exemption, or pay a fine. This fine is referred to under the legislation as a "shared responsibility payment."
What is the shared responsibility payment?
When they submit their 2020 California income tax returns in 2021, citizens of California who did not have insurance for themselves and their dependents in 2020 and who did not otherwise qualify for an exemption will be subject to an Individual Shared Responsibility Penalty. The monthly penalty is determined depending on a number of variables, such as the household's total income and the age of the individual. Each person who does not have coverage or an exemption is subject to the penalty.
We recently published FTB Notice 2020-01 to help taxpayers and tax experts determine the potential size of the penalty for the 2020 tax year.
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which of the following expenses is most easily bunched, or accelerated, into one year, so that the itemized deductions can be used in one year and the standard deduction can be used the following year
Charitable contributions expenses are most easily bunched, or accelerated, into one year, so that the itemized deductions can be used in one year and the standard deduction can be used the following year.
Giving something of value—such as money or property—to a nonprofit organization so that it might further its objectives is known as a charitable donation. Donations made by individuals and businesses in the United States can be written off on their federal tax returns.
The annual deduction for U.S. taxpayers is up to 60% of their adjusted gross income (AGI).
They must utilize Form 1040 or Form 1040-SR and include a Schedule A form for itemizing their deductible donations.
However, for 2021, those who don't itemize may still deduct up to $600 of charitable contributions. Normally, charitable contributions must be itemized in order to be tax-deductible.
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Complete question:
Which of the following expenses is most easily bunched, or accelerated, into one year, so that the itemized deductions can be used in one year and the standard deduction can be used the following year?
a. Charitable contributions
b. State income taxes
c. Mortgage interest expense
d. Gambling losses
An organization's ________ is the group of potential customers toward whom it directs its marketing efforts.
A.) product market
B.) marketing demographic
C.) target market
D.) market segment
The correct option is C. An organization's target market is the group of potential customers toward whom it directs its marketing efforts.
A goal marketplace, also called a serviceable obtainable market (SOM), is a group of clients within an enterprise's serviceable-to-be-had market at which the enterprise pursues its marketing efforts and assets. A goal marketplace is a subset of the whole marketplace for services or products.
The goal marketplace typically includes customers who showcase comparable characteristics (which include age, region, profits, or way of life) and are considered most probable to buy a business's market services or are probable to be the most worthwhile segments for the commercial enterprise to the carrier via OCHOM.
A target marketplace is a set of human beings that have been identified as the most probable ability customers for a product because of their shared traits together with age, income, and lifestyle.
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Price is constant to the individual firm selling in a purely competitive market because.
Price is constant or given to the individual firm selling in a purely competitive market because each seller supplies a negligible fraction of the total supply. For a purely competitive seller, price equals average revenue.
In economics, especially general equilibrium theory, the perfect market, also called an atomistic market, is defined by several idealized conditions collectively called perfect or atomistic competition. A theoretical model with perfect competition states that the market will reach an equilibrium in which the quantity supplied of any product or service, including labor, equals the quantity demanded at the current price. This equilibrium is Pareto optimal.
Perfect competition provides both allocative efficiency and production efficiency: Such markets are efficient because output occurs whenever marginal cost equals average return, i.e. price (MC = AR). target. Under perfect competition, all profit-maximizing producers face a market price equal to their marginal cost (P = MC).
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sears sells competitor brands in its stores because buyers of want to be able to compare different brands group of answer choices specialty goods capital goods shopping goods convenience goods unsought goods
Sears sells the competitor brands in its stores because buyers of specialty goods want to be able to compare the different brands.
What are specialty goods?A class of consumer items is called specialty goods. Convenience, retail, and niche products all fall under the umbrella of consumer goods. Based on how people shop, the classification system was developed. The definition upon which this system is founded is that both convenience and specialty goods are bought according to a planned pattern. A convenience good will typically be purchased under the most accessible brand, whereas a specialty good will typically be purchased under a single brand. The consumer does not have a predetermined pattern in mind when purchasing a shopping good. In the same way, a consumer will conduct research before choosing a store to visit when they are in a shopping mall.
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question mode multiple choice question after he was hired, phillip went to atlanta for a week to learn about the software his company used that would be vital to his new position. the information phillip learned in atlanta is a component of
After he was hired, phillip went to atlanta for a week to learn about the software his company used that would be vital to his new position. the information phillip learned in atlanta is a component of training.
Training software manages training and learning programs for corporate and educational institutes this facilitates online training.
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what power tactic is being used when a manager says that their request corresponds with a corporate policy or rule?
Legitimacy A typical definition of legitimacy in political science and sociology is the conviction that a law, institution, or leader has the authority to rule.
An individual's assessment of the propriety of a hierarchy between a rule or ruler and the subject, as well as the subordinate's duties to the rule or ruler, is involved. In order to give authority to rulers or their regulations, it is frequently necessary to invoke significant social norms. However, payoffs and inducements to subordinates are another method of trying to legitimize an action. The effectiveness of normative arguments and material incentives as legitimation methods depends on how the audience reacts to them. One cannot generalize about the effectiveness of one or the other as a generic legitimating technique, nor can one claim that legitimacy can only be achieved by adhering to one or the other. Contrarily, legitimacy is a fundamentally subjective and normative concept that only exists in a person's perception of the correctness of a rule. It differs from legality in that.
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Do you feel black Friday is better than Cyber Monday?
Black Friday or Cyber Monday deal will be better depending on what to buy and where to buy.
The types of things that shops provide discounts on and the locations where the discounts are offered have historically been the primary differences between Black Friday and Cyber Monday. While Black Friday was more popular for higher-ticket items like TVs or Apple products, Cyber Monday was more popular for smaller electronics, appliances, and clothing. While Black Friday was typically a day for in-store shopping, Cyber Monday was exclusively for internet purchases.
In this year (2022), Black Friday is on 25th November and Cyber Monday is on 28th November.
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equity-debt holder conflicts are more likely to arise if the risk of financial distress is high. group of answer choices true false
Conflicts between debt holders and equity holders are more likely to occur when the risk of financial distress is high.
Why might holders of debt and stockholders disagree?
Conflicts between public company shareholders and debtholders are referred to as the agency cost of debt. When debtholders restrict the use of their capital in the belief that management will act in favor of shareholders rather than debtholders, agency costs of debt arise.
Between equity and debt, which is more risky?
It varies. If you don't make a profit, debt financing can be riskier because lenders will try to get you to lend them money. However, equity financing can be risky if your investors, as they frequently do, anticipate a healthy profit.
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A real estate agent would like to know how much she can expect a home to sell for depending upon the square footage of the home. Complete the statement based on the information. In this case, the explanatory variable is the and the response variable is the.
An explanatory variable that explains the results is the intended cause. The response variable, or anticipated outcome, responds to the explanatory variables.
According to your predictions, changes in one explanatory variable will occur before any modifications to the response variable. The variables are connected causally, either directly or indirectly. Through a mediator in a connection, an explanatory variable may indirectly affect a response variable. In the case of purely correlative relationships, there are no explanatory and response variables. A response variable may be the cause of both changes, even though changes in one variable are connected to changes in another. Explanatory and independent factors are very similar, but they also differ just somewhat. Research theory holds that independent variables are only subject to manipulation or modification at the hands of researchers and are not anticipated to be impacted by or dependent upon any other variables. If you do a controlled experiment in which you can exactly regulate how much caffeine each participant takes, the caffeine dose is an independent variable. However, the term "explanatory variable" is occasionally preferred over "independent variable" since independent variables can occasionally be influenced by other variables in real-world contexts. It appears from this that they are not truly independent.
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Answer:
-square footage
-selling price
Explanation:
edge 2023
uber's commitment to data allow the firm to:
Uber's commitment to data allows the firm to cut prices.
Lyft is a notable desire in instances of excessive calls for or when there is a driving force close by and also you need a low-cost experience fast. if you need a ride that appears right, Uber has a higher choice of vehicles. If Uber is your desire, then you will pay much less with UberPOOL.
You could now speak without delay with skilled retailers properly over the cellphone.
Whether you have a query about your account or want to report an incident, we'll be equipped to help—24/7. to talk with an agent, simply visit the assist tab of your Uber driver app and discover the blue phone icon.
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What is FDIC deposit insurance coverage?
One of the major advantages of holding an account at an FDIC-insured bank is deposit insurance, which is how the FDIC safeguards your funds in the unlikely case of a bank failure.
What does FDIC insurance actually cover?Up to the insurance limit, the FDIC insures depositor accounts at each insured bank, dollar for dollar, including principal and any interest that has accumulated up to the date of the covered bank's closure.The following are not covered by FDIC insurance:
Safety deposit box contentsstocks, bonds, or Treasury securities like T-notes are all examples of investments.investments in money market mutual funds or exchange-traded funds (ETFs).Only if your bank has FDIC (Federal Deposit Insurance Corporation) deposit insurance are your deposits covered.This insurance does not cover losses from fraud and theft, but it does cover deposits in the case of a bank failure.To learn more about Federal Deposit Insurance Corporation refer,
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judging from the case of south korea, how might you argue that park chung hee's economic policy of state-guided capitalism was much better for korea than adam smith's anglo-saxon laissez-faire system of economy and free trade?
Adam Smith's Anglo-Saxon laissez-faire economic system was more worse for Korea than Park Chung Hee's state-guided capitalism. The neo-liberal restructuring of the Korean political economy substantially increased after the 1997 financial crisis.
How did Park Chung Hee help South Korea?Park Chung Hee's economic strategy promotes foreign investment in Korea. Park is acknowledged with being instrumental in the growth of South Korea's tiger economy by directing the country's industry toward exports. It is attributed to his administration that the nation's economy grew quickly.
The per capita income in South Korea was only $72.00 when Park Chung Hee took office in 1961. But the economy expanded quickly due to his policies based on state-guided capitalism. Electronics, autos, telecommunications, shipbuilding, chemicals, and steel are South Korea's top industries. Economic growth in South Korea has accelerated at a never-before-seen rate. So South Korea is regarded as having a miracle economy.
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mr. green enters into a partnership with it doctors llp. mr. green's capital investment into the business is $10,000. shortly after joining the new business, a client sues the it doctors llp and wins a judgment of $750,000. how much is mr. green liable for?
Mr. green is liable for $10,000.
In an LLP, the individual partners are not held responsible for the debts and obligations of the partnership as a whole, but only for liabilities arising from their own conduct while acting on behalf of the firm. If an LLP was sued, each partner's individual assets would be protected, but the partnership's assets could be taken as well. The negligent or at-fault partner could be held personally liable for their actions even though the partnership would be sued. The conduct of the other partners or the LLP as a whole is not subject to your liability as a partner in an LLP; rather, it is restricted to your own conduct and the conduct of those you directly supervise.
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which statement is true of opinion leaders?
a. They most likely belong to the late majority category of adopters.
b. They have the longest adoption time and the lowest socioeconomic status.
c. They speed up the diffusion process through word-of-mouth communication.
d. They are distinguished by demographics.
They speed up the diffusion process through word-of-mouth communication.
Opinion leaders are individuals who have interpreted or ingested something, then utilize social media or word-of-mouth to spread their opinions, influencing their followers in the process. Opinion leaders use social media or meetings to hasten the dissemination process. They have a lot of influence, and it diffuses.
What is diffusion?
The net movement of anything (such as atoms, ions, molecules, or energy) from a location of higher concentration to a region of lower concentration is known as diffusion. A gradient in the Gibbs free energy or chemical potential drives diffusion. As with spinodal decomposition, it is conceivable for molecules to diffuse "uphill" from an area of lower concentration to one of greater concentration.
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Which of the following refers to a firm's total product offering to satisfy a group of target customers?
A. product line length
B. product line
C. product mix
D. Cannibalization
E. Product management
Product mix refers to a firm's total product offering to satisfy a group of target customers. So, the correct answer is (c).
The total number of product lines and distinctive goods or services that what a business offers is its product mix. Alternatively known as product portfolio or product assortment. Product combinations differ amongst businesses. Some companies have wide variety of product lines, including one with a vast range of products. But some people are subjected to additional restrictions. There could be a single to several product lines, and the company may have a significant number of products under one product line. When each of these product lines are merged, they make up the firm's product mix.
The product mix is an element of marketing mix and plays an important part in a company's overall corporate strategy.
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the bls officially classifies a person as being employed ____________.
The BLS officially classifies a person as being employed if that person holds either a part-time or full-time paid job.
The Bureau of labor statistics measures hard work marketplace hobby, running situations, fee changes, and productivity in the U.S. economic system to assist public and private choice making.
With the strongest commitment to accuracy, nice, and integrity, the Bureau of hard work records (BLS) produces a number of the state's maximum sensitive and important facts.
BLS allows ensure oxygenated blood reaches a person's brain and different critical organs in an emergency earlier than care may be supplied in a healthcare placing.
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the jolly green giant used by the green giant company facilitates the development of a. brand quality. b. product equity. c. brand associations. d. product preference. e. brand loyalty.
The jolly green giant used by the Green Giant Company facilitates the development of brand associations.
Brand association definition?When a customer associates your brand with a concept, picture, emotion, experience, person, interest, or activity, this is known as a brand association. This association, which has a strong influence on buying decisions, might be immediately favorable or unfavorable.
Which brands have examples of associations?Coca-Cola is a timeless brand, similar to Downey's softness, Apple's simplicity, Tesla's electricity, and Nike's performance.
What three categories exist for brand associations?Despite the fact that a brand can be linked with a wide variety of things, brand associations often fall into one of three groups: qualities, benefits, or attitudes. Because they have an impact on purchasing decisions, brand associations are significant.
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you are a self-employed profit-maximization consultant specializing in monopolies. five single-price, profit-maximizing monopolies are currently seeking your advice, and although the information they have supplied to you is incomplete, your expert knowledge allows you to go back and make a definite recommendation in each case. select one of the following recommendations for each firm in the short run: a. remain at the current output level. b. increase output. c. reduce output. d. shut down. e. go back and recalculate your figures because the ones supplied cannot possibly be right. firm p mr tr q tc mc atc avc your recommendation a 3.90 3.00 2,000 7,400 2.90 3.24 (click to select) b 5.90 10,000 5.90 4.74 4.24 (click to select) c 9.00 44,000 4,000 9.00 11.90 10.74 (click to select) d 35.90 37.90 5,000 37.90 35.90 (click to select) e 35.00 3,990 1,000 3,300 at min value 23.94 (click to select)
Firm A increases output; Firm B decreases output; Firm C keeps output at its current level; and Firm D decreases output. Option E and Firm E. E is the option.
How do monopolies work?Firm-A
The tableland indicates that firm A is expanding at the condition where the price (P) is 3.90 and the marginal cost (MC) is less than the marginal revenue (MR).
As a result, firm A can change, prolong the presentation or result till the MC evolves to be equivalent to the MR, and lower the price to sell more. Firm A will also optimize its total profit during this procedure.
Therefore, increasing output or choosing option B would be advised for firm A.
Firm-B
Keep in mind that the P for firm-B is equal to the MC. In the situation where MC = MR and P > MC, firm B may be generating far more than the profit-maximizing output.
In order to increase monopoly profit, company B can cut production output, increase prices, and produce somewhere at output level where MR=MC optimizes total profit.
As a result, option-c, which involves decreasing output, is advised for firm B.
Firm-C
Once more using the table as a guide, firm C is operating where MR=MC and, as a result, is maximizing profit. It is increasing its overall profit while producing a total production of 4000.
To ensure that profit is maximized, it must, nevertheless, charge a P per unit that is higher than both MR and MC.
As a result, option-a or staying at the existing production level is advised for firm C.
Firm-D
As can be seen from the table, Firm-D is operating at the point where profits are maximized. However, the P per unit of output given by Firm-D is significantly lower than both MC and MR and generates only normal profits since P is comparable to Average Total Cost (ATC).
As a result, firm D is asking a very low price that is lower than both MR and MC at the profit-maximizing level. It is also interesting to note that MC is bigger than ATC.
As a result, it is advised for firm-D and go back again recalculate your calculations since the ones provided are inadmissibly incorrect or option-e.
Firm-E
Since the ATC for firm-E is at its lowest value, it is implied that MC and the ATC are equal in this situation.
Now, firm-E charges 35 per unit of output, which is more than the MC, and 1000 units of output are created overall.
However, since statistics on MC and MR are unavailable, we cannot be certain that this is the output that maximizes profits.
Because the figures provided couldn't possibly be accurate, it is advised for firm-E can go back as well as recalculate your numbers. Option-e can then be used to assess whether the current total output is potential revenue or not.
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