The concept of rapid small-scale experimentation allows an entrepreneur to do all the following, except ____, which is NOT one of the advantages. Learn and innovate through correction Recover quicker from failure Save money and time Reach a wider range of customers
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- 1. ThedemandfunctionforagoodisgivenbytheequationP=a−bQwhilethetotalcost function is TC = dQ2 + eQ + f, where a, b, d, e and f are positive constants. (a) Derive the equation for profit.(b) Derive an expression for the value of Q for which profit is maximised.Give typing answer with explanation and conclusion to all partsDefine the term autartky. What is its pro and con.
- Note. Don't use any aibot, will be given downvoted.answer the attaced questionBased on the figure, up to which level of output will like's Ice Cream Kitchen have increasing marginal retums? A only at 0 gallons B. up to 60 gallons C. up to 40 gallons up to 10 gallons D. Cost (dollars per gallon) 0 MC ATC AVC 10 20 30 40 50 60 70 80 90 100 Quantity (gallons of ice cream per hour * 2
- Only typed answer and don't use chat gpt and please answer correctly Suppose that you can sell as much of a product (in integer units) as you like at $61 per unit. Your marginal cost (MC) for producing the qth unit is given by: MC=9q This means that each unit costs more to produce than the previous one (e.g., the first unit costs 9*1, the second unit (by itself) costs 9*2, etc.). If fixed costs are $50, what is the optimal output level? Please specify your answer as an integer. Also, assume that a competitive firm has the total cost function: TC = 1q3 - 40q2 + 710q + 1700 Suppose the price of the firm's output (sold in integer units) is $550 per unit. Using tables (but not calculus) to find a solution, what is the total profit at the optimal output level? Please specify your answer as an integer.3 Explain how economies of scale can be a barrier to entry. Your initial post should be 3-4 paragraphs in length. Make sure to demonstrate critical thinking and analysis by using research. For full credit, include one journal article to support your pos t.t.After one month of operation, OU Café determined to shorten its business hours and close on weekends. What costs, fixed or variable, should OU Café have considered when it made the
- please help me fast, thank you so much d e fWe have the results from our first Facebook ad campaign. The following table summarizes the results broken down by age and whether the person seeing the add clicked through. Age 40 or under 85 Age more than 40 65 Total Clicked Through 150 Did Not Click 590 260 850 Total 675 325 1000 For our up(combing) (pun intended) campaign, I want to make it as effective as possible, a cut above all other ad campaigns! I'm thinking that since 85 (or 56.7%) of the 150 people who clicked through to our website are age 40 or less, we should focus our ads to only younger people. I'm not great with number though, and since I know you had a stats class in college, I wanted to get your opinion. Should we focus our adds only to those age 40 and under or should we do something else?Solve this early I upvote. But Correctly explain .