Basically the same effect on total sales
Course:- Macroeconomics
Reference No.:- EM131293327

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Macroeconomics

You're going to go to a job interview for OU Car Co. Knowing that the field is highly competitive, you have run sales scenarios ahead of time experimenting with different numbers of customers and vehicle profits given that in one month OU Car Co. sells between 3 and 10 cars uniformly distributed with profits of $5,000 on the average with deviation of $1500 Which has a higher payoff, focusing on selling to a couple more customers or by increasing the average sale (with the same std. dev. of $1500) by retraining your sales force or do they have basically the same effect on total sales?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Macroeconomics) Materials
Your firm, a monopolist has been given the following demand and cost functions: P = 100 - 2Q and C(Q) = 50 + Q2. a. What is the profit maximizing price and output for this mon
Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their fares 10 percent, and they anticipated that revenu
If foreigorn exchange speculators become more optimistic about the long-run real value of the domestic currency, domestic investment will rise. (Give full explainations for th
Suppose you are visiting the local Big Y supermarket to purchase groceries. At the grocery, you see an advertisement for a store rewards card. The card offers gasoline disco
Students will submit a 750-1,000-word paper (double-spaced) this week, identifying and describing the key components of a comprehensive disaster recovery plan for any incide
The economic effect of an increase in government purchases is likely to depend on how the purchases are financed. Explain how an increase in G is increases output and employ
Using the unbiased expectations theory, calculate the current (long-term) rates for one-, two-, three-, and four-year-maturity Treasury securities. Plot the resulting yield cu
Describe the "value effect" and the "volume effect" using the following two equations:  Trade Balance = Pexports x Qexports - Pimports x Qimports AND Pimports = E x P*