Illustrates the pricing policies briefly
Illustrates the pricing policies briefly?
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Price should not be too high or lower. Price setting is a complicated problem. The pricing decision is dangerous not only in the beginning but this should be reviewed and reformulated from time to time.
Price policies give the guidelines within that pricing strategy is formulated and implemented. This represents the general frame work in that pricing decision is taken. These are those management guidelines that as control the day to day pricing decision like a means of meeting the objectives of the firm as maximization of sales, maximization of profit, targeted rate of return, meeting or preventing competition and survival as well as stability of prices.
A market is improbable to be contestable when entry needs new firms to incur very high: (w) variable costs. (x) fixed costs. (y) principal-agent problems. (z) marginal costs. I need a good answer on the topic of Economics <
Explain the Economies of Scale.
After vacationing hundreds of restaurants, then a restaurant critic has concluded which in almost all the workers who clear tables and also wash dishes appear to be illegal aliens by Mexico. The critic has observed a phenomenon termed as: (1) marginalized labor. (2) t
Economic rent shows part of the payment for the utilization of: (w) landowners’ labor and capital to keep their land. (x) landowners’ buildings and equipment. (y) resources for that supplies are less than perfectly elastic. (z) any piece o
When the last worker hired adds extra to the firm’s revenue in that case to the firm’s cost: (w) hiring the last worker causes profit to rise. (x) hiring the last worker causes profit to fall. (y) the firm should stop hiring workers. (z) m
When comparing such labor supplies in this illustrated figure, this is clear that the income effect of a change within wage rates is: (w) positive for Morgan and negative for Chandra. (x) more powerful than the substi
A cartel tends to be more successful mainly while this can stop: (1) cheating between its members. (2) increases in the demand for its product. (3) joint profit maximization. (4) international trade. (5) an increase in the price of its product. <
If the owner of a resource is paid in excess of the minimum needed to supply specified amounts of the resource, in that case the owner is the beneficiary of: (1) economic rents. (2) wage premiums. (3) excess profits. (4) surplus values. (5) capitaliza
THE PRICE OF OIL IS $30 PER BARREL AND THE PRICE ELASTICITY IS CONSTANT AND EQUAL TO -0.5.AN OIL EMBARBGO REDUCES THE QUANTITY AVAILABLE BY 20 PERCENT.USE THE ARC ELASTICITY FORMULA TO CALCULATE THE PERCENTAGE INCREASE IN THE PRICE OF OIL
Illustrates the factors changes in demand?
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