Getchecked inc. is a leading medical devices manufacturer. a cosmetic surgeon, dr. matt breen is discussing the prices of getchecked's medical devices with his colleague, dr. ed walter. matt says, getchecked probably finds it difficult to make profits. the medical device market is highly crowded." ed replies, well, they do have quite a few patented products so the profits must be flowing in." meanwhile james radford, a medical technician, agrees that getchecked must be doing well. given that getchecked's products are widely used in the market, even an increase in prices would not affect sales or profits according to james.
which of the following, if true, would weaken matt's argument that getchecked's profits are most likely negligible due to competition?
a. lifestyle-related diseases like diabetes and hypertension are on the rise in this country.
b. getchecked recently hiked the per-unit commission paid to its salesmen.
c. product differentiation in terms of quality is common in this market because the buyers are very quality-conscious.
d. some firms in the market have started manufacturing medical devices that can be directly used by the final consumer.
e. doctors choose the brand of medical devices that should be used in the hospital.

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond

Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would cc’s salaries expense be properly classified? fixed variable mixed stepped curvilinear