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1. Which of the following is true for perfect competition but not true for monopolistic competition and monopoly?a. MC = MR.b. P = MC.c. Positive long run profits.d. Both b and c.
2. Profit margin equals:a. marginal cost minus marginal revenue.b. average cost minus average revenue.c. average cost minus average variable cost.d. price minus cost.
3. If a firm charges a price of $10 for a product with a marginal cost of $4, the markup on cost equals:a. 67%b. 33%c. 150%d. 50%
4. When Ep = - 2, the optimal markup on cost is:a. 33%b. 67%c. 100%d. 200%
5. If the optimal markup on cost is 40%, the optimal markup on price is:a. 15%b. 28%c. 45%d. 60%
Make a paper analyzing the current market situations of Airline industry including a supply and demand analysis that answers following questions:
Determine the equations for AFC (average xed cost), AVC (average variable cost), ATC (average total cost), and MC (marginal cost). Graphically illustrate the relationships to one another. EMBA 504: Strategic Competitive Analysis
Suppose the equilibrium price in the market is $10 and the price elasticity of demand for the linear demand function at the market equilibrium is 1.25. Then we know that a demand is inelastic.
Which of the following is an example of a two-part tariff? Which of the following industries is most likely closest to achieving perfect price discrimination?
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Specifically, you should help Nick obtain key market insights through marketing research. In addition, you should help him to determine which countries besides the U.S. (the primary target market) should be targeted to make the most out of his new..
n a competitive market place (pure competition) is it possible to continually sell your product at a price above the average cost of production.
Consider a $500,000 initial investment, annual savings of $92,500 for a 10-year period, a salvage value of $50,000, and a 10 % MARR applies. Using a spider plot, examine how sensitive the annual worth for the investment is to errors in estimating ..
Toys Corporation has estimated its demand and cost function what will be theprice and quantity if Toys would like maximize profits
marginal revenue exceeds marginal cost, marginal cost exceeds marginal revenue, total cost exceeds total revenue.
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