The images below show the first six items you see when you search ‘laptops’ in Google Shopping.  Discuss whether an individual laptop manufacturer is a price-taking or a price-setting firm.  Draw a diagram that illustrates the profit-maximising decision of an individual laptop manufacturer you discussed in the previous question. Fully label your diagram. You may make up numbers of simply use appropriate notations for the purpose of labelling your diagram. Briefly explain the key information of your diagram.

Q: why do we mean by full cost pricing and why is it important

A: Full cost pricing is a strategy where the price of the product is estimated by the firm based on the…

Q: Charles Lackey operates a bakery in Idaho​ Falls, Idaho. Because of its excellent product and…

A: The current output/month= 1800 The current labor input/month= 8×640$=5120$ The current capital…

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A: ***Since the new value of the ATC have not been provided, hence, the expert is required to solve…

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A: Economic profit is one kind of profit which is determined by using the subtraction between the total…

Q: Sally runs a vegetable stand. The following table shows two points on the demand curve for the…

A: Marginal Revenue = change in total revenue / change in quantity

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: The demand curve depicts the combination of price and quantity demanded, keeping other factors of…

Q: Marty used to be a bartender making $5,000 a year but he quit in order to become a clown that does…

A: Explicit Costs are the actual monetary payments made in cash while conducting the business…

Q: Suppose the imaginary company of Athena is a small, Raleigh-based American apparel manufacturer…

A: Fixed cost is the cost when the output level is zero. Marginal cost is the slope of the total cost.…

Q: http://google.com Price and costs (dollar 20 16 12 8 4 0 5 10 MC ATC 15 20 Quantity (per day)

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Q: Using the graph on the next page, do the following problems: Determine the profit maximizing level…

A: The marginal cost (MC) curve is calculated by dividing the change in total cost by the change in…

Q: nstructions: Round your answers to the nearest dollar.

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A: Price elasticity of demand measures the relationship between change in the quantity demanded of a…

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A: Total output mirrors production efficiency, while additional output per input (marginal product) is…

Q: None

A: Understanding the Graph:It is common in many marketplaces for the marginal revenue to initially…

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: The midpoint technique of price elasticity of demand considers average price and quantity while…

Q: Souvlaki Taverna is one of many restaurants in Athens, Greece which sell Souvlaki kebabs. All…

A: In economics, a cost curve is a graph of the expenses of production as a function of the total…

Q: Use the graph above to answer these questions: What is the profit-maximizing level of output? What…

A: The graph shows the quantity at Y axis and the price at X axis. The curves that are shown in the…

Q: The following table represents the demand schedule (given by the first two columns of the table),…

A: The profit is maximized where the marginal cost is equal to the marginal revenue.  The marginal cost…

Q: The following table gives you cost and revenue information for Mac & Kayla's Stacked Sandwiches,…

A: Fixed Costs(FC) are expenses that remain constant regardless of the output(Q) level or product.…

Q: MC АТС 20 -MR 16 30 40 Firm What is the amount of profit for the firm in the graph?

A: A Firm will be in equilibrium when its profit is maximized or loss is minimized. For this following…

Q: 1. You are running a (small) chain of gourmet burger joints with two locations (San Antonio and…

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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:-

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A: Answer -

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A: Electronic commerce refers to the virtual market establishment in which the exchange of goods and…

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A: Demand refers to the quantity that a consumer wishes to buy at a given price in a given period of…

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A: E- Commerce: E- Commerce refers to the buying and selling of goods and services via internet.  With…

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Q: Using the figure above, what is the total revenue for the firm?

A: Total revenue is the product of the total quantity produced and the price per unit of the product

Q: Factors Affecting Pricing Organizational and marketing objectives Channel member expectations…

A: Pricing decision are businesses decisions while setting costs for their items or administrations.…