Online companies have transformed the way businesses find the best supplies t the best prices. True or False True False

Q: describe your ideal market

A: A ideal market is one with perfect competition, with prices determined only by demand and…

Q: Determine an effective marketing response to a change in the social-cultural • environment.

A: The socio culture environment deals with the relationship among the society, culture and marketing.…

Q: According to the CEO of Turing Pharmaceuticals, what would he have done to the price of Daraprim if…

A: The controversy surrounding Turing Pharmaceuticals, particularly its pricing strategy for the drug…

Q: explain how opportinity cost affects consumer behacvior

A: When a consumer purchases one good or service, then he/she is giving up on the chance to purchase…

Q: Draw a supply and demand curve for your favorite product. You get a massive raise at work, what…

A: ANS A massive raise at work will increase the income earned by the consumer as a result the consumer…

Q: Wayne’s Widget World sells widgets to stores for $9.20 each. A local store marks them up $8.79. What…

A: Markup is the difference between retail price and wholesale price(store price).  Retail price is the…

Q: How much profit will it make at that lower price?

A: The table showing output and cost is as follows:

Q: 1. Explain the decisions taken for an individual product.

A: When making decisions for a personal product, several factors have to be considered, consisting of:-

Q: The difference between the price a consumer is willing to pay for a product and the price the…

A: Consumer surplus is the benefit that a buyer gets from purchasing a goods and services measured by…

Q: Pick a business you use and tell which market they are in and why.

A: A market is a place where the buyers and sellers interact with each other party and determine the…

Q: What happens in the market for beach towels,now that the season is over? Graph and explain

A: Demand is the consumer's willingness to pay or consume a certain good available in the market. It…

Q: There are several hamburger shops around you. You are trying to find ways to make your hamburger…

A: A monopolistically competitive firm will look to differentiate its product from its competitors as…

Q: human want or need is called A. Service B. Demand C. Utility

A: So all the actual aspirations and the basic desires of the human are totally known as the human…

Q: Make up an example of a monthly demand schedule for pizza and graph this implied demand curve. Give…

A: Demand schedule refers to the table that shows the demand for good at different price level.

Q: Describe the Cost of Cooking with Electric and Gas Ranges.

A: Cost: It shows the monetary value of the good and services which is purchased by consumers and…

Q: Quantity The marginal cost for Sal's Sneakers has fallen from MC1 to MC2. How will Sal adjust the…

A: Each firm in the market operates to maximize profit

Q: Why do bars offer free peanuts?

A: Bars tend to increase the demand for drinks and beers through the various incentives and…

Q: Refer to Figure 3. Which of the panels represent the situation of a monopoly firm maximizing profits…

A: In a monopoly market,  A monopolist will produce where the marginal cost curve intersects the…

Q: Which of the following best describes why the Hours of Service Regulations were put into place? O To…

A: The driver test is important to ensure the safety of peope with having the all relevant information.…