Nonprice competition refers to:
a) competition between products of different industries, for...
Business, 15.08.2019 07:10 jaylen2559
Nonprice competition refers to:
a) competition between products of different industries, for example, competition between aluminum and
steel in the manufacture of automobile parts.
b) price increases by a firm that are ignored by its rivals.
c) advertising, product promotion, and changes in the real or perceived characteristics of a product.
d) reductions in production costs that are not reflected in price reductions.
Answers: 1
Business, 22.06.2019 22:00
Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.
Answers: 2
Business, 22.06.2019 22:00
Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?
Answers: 3
Business, 23.06.2019 00:10
The food services division of cedar river amusement park inc. is studying the amount families who visit the amusement park spend per day on food and drink. a sample of 40 families who visited the park yesterday revealed they spent the following amounts: see worksheet 1 for data and answer the following questions: a. organize the data into a frequency distribution, using seven classes and 15 as the lower limit of the first class. what class interval did you select? b. what percent of families spent less than $45? c. what percent of families spent $55 or more? d. how many families spent from $65 to 74.99?
Answers: 3
Business, 23.06.2019 00:30
Dr. hughes enjoys offering to employees who perform over and above the call of duty
Answers: 1
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