The 7 Forms of Marketing & How They Benefit Businesses Advertising on social media. advertising for paid search. Print marketing. Public service announcements.
What are the main types of advertising?Different types of advertising, advertising for paid searches. marketing on social media. marketing that is native. Publicity on display. advertisements in print. public service announcements. advertising on the street. Product listing advertisements, display ads, demand-side platform ads, affiliate ads, native ads, social media ads, video ads, and email ads are the eight primary categories of online advertising. Consumer demands and requirements, cost to meet, ease of purchase, and communication make up the new 4Cs, which will replace the traditional 4Ps of marketing (Lauterborn, 1990).
You can choose between three different types of digital advertising: Advertisements on social media, display ads, and paid search ads. Advertising strategies can be divided into two categories: institutional advertising and product advertising. To promote a company's brand, institutions advertise. Evangelism, Experience, Everywhere, and Exchange are the "4Es" of marketing.
To learn more about advertising refer to :
https://brainly.com/question/14227079
#SPJ4
Which of the following is not part of the sales activity in the flow of manufacturing activities?
a. Beginning Finished Goods Inventory.
b. Cost of Goods Manufactured.
c. Total Finished Goods available for sale.
d. Ending Work in Process Inventory.
e. Cost of Goods Sold.
Because they represent the end result of the production process and are available for purchase, the total finished products are not regarded as a component of the production activity.
Which of the following list items are parts of the schedule of cost of manufactured goods?Direct Materials, Direct Labor, Factory Overhead, and Cost of Goods Manufactured are some of the parts.
Which of the following is not a part of manufacturing?Depreciation on factory equipment and factory land will be reflected in the manufacturing account, while it will be shown in the profit and loss account for office buildings and land.
To know more about production visit:
https://brainly.com/question/22852400
#SPJ4
Suppose the value of the price elasticity of demand is -3, What does this mean?
The amount demanded decreases by 3% when the price of the good goes up by 1%, according to the price elasticity of demand, which is calculated as -3.
The term "elasticity of demand" means what exactly?An important change to the idea of demand is demand elasticity. The classification of demand includes unitary, inelastic, and elastic demand. With elastic demand, a price change causes a sizable change in the quantity demanded. Demand is referred to as inelastic when it does not significantly alter as a result of a price modification. Products with elastic demand include consumer durables. Similar to buying a washing machine or a car, these are occasional purchases that can be put off if the price increases. For instance, extremely efficiently increasing automobile sales by lowering the price of cars.
Therefore, the desired answer is that a 1% increase in the price of the good causes a 3% decrease in the amount required.
To learn more about elasticity of demand visit:
https://brainly.com/question/1048608
#SPJ4
To ensure the best-quality audio for business phone calls, which of the following is the best choice
To ensure quality audio for business phone calls, which of the following is the best choice for a landline connection.
A landline (landline, landline, most important line, home telephone, fixed-line, and wireline) is a cellphone connection that makes use of steel wires or an optical fiber telephone line for transmission, as distinguished from a mobile cellular network, which uses radio waves for signal transmission.
you do not want to have a landline cellphone in case you want broadband. but to get broadband from an Openreach-primarily based provider, your house ought to have a bodily-related phone line.
A landline smartphone is a domestic phone that uses a copper twine connection rather than a wireless connection. they are nonetheless used by many humans nowadays, particularly in areas with bad mobile cellphone reception.
To know more about landline connection visit here:
brainly.com/question/14005787
#SPJ4
Gerald bought his son, David, a computer two years ago. Recently, he decided to buy his daughter, Julian, a computer of her own. In the context of the two-year gap between the purchase of both the computers and Moore's law, it is most likely that:
A. Gerald paid a higher price for Julian's computer.
B. David's computer will have a microprocessor with better power than that of Julian's.
C. Both David's and Julian's computers would cost Gerald the same price.
D. The microprocessor in Julian's computer will be more advanced in terms of power than that.
E. The power of the microprocessors, in both David and Julian's computers, would be the of David's. Same
All computers and several home and electronic gadgets are controlled by the microprocessor, sometimes referred to as the Central Processing Unit (CPU).
What do you meant by microprocessor?The logic and control for data processing are housed on a single integrated circuit or a small number of integrated circuits in a microprocessor. The central processing unit (CPU) circuitry for a computer is housed within the microprocessor.
As a result, microprocessor-based systems are utilized in a wide range of contemporary devices, not just computers and smartphones, including automatic product testing, motor speed control, traffic light control, communication equipment, television, satellite communication, home appliances like microwave ovens and washing machines, and gaming devices with integrated circuit chips. a CPU of the memory-equipped variety with associated circuitry
To learn more about microprocessor refer to:
https://brainly.com/question/13164100
#SPJ4
Choose the right words (presented in order) to complete this sentence: Issues relating to business ethics often lead to _______ conflict, where there may simply not be a(n) _______ correct answer. Therefore, it may not just be a case of deciding between right and wrong but often at an individual level it involves deciding between different courses of action that different _______ both believe to be right or wrong.
Issues relating to business ethics often lead to morality conflict, where there may simply not be a(n) objectively correct answer.
Therefore, it may not just be a case of deciding between right and wrong but often at an individual level it involves deciding between different courses of action that different actors both believe to be right or wrong.
Business ethics is the study of appropriate professional conduct when it comes to potentially contentious issues including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, fiduciary duties, and much more. The law frequently directs business ethics, however there are events when business ethics offer a basic standard that enterprises should abide by to win the local acceptance.
To know more about business ethics :
https://brainly.com/question/26461133
#SPJ4
A manufacturer that ships goods made at its Brazilian plants to markets in foreign countries O views a weaker Brazilian real (vis-a-vis the currencies of the countries to which it is exporting) as an unfavorable exchange rate shift. O views a stronger Brazilian real (vis-a-vis the currencies of the countries to which it is exporting) as a favorable exchange rate shift. O has no interest in whether the Brazilian real grows stronger or weaker vis-a-vis other currencies when its chief competitors are manufacturers based in countries outside Brazil. O views a weaker Brazilian real (vis-a-vis the currencies of the countries to which it is exporting) as a favorable exchange rate shift. O has no interest in whether the Brazilian real grows stronger or weaker vis-a-vis other currencies unless its chief competitors are also making their products at plants located in Brazil.
A market contributes significantly to the growth of an economy and the income of sellers. Commodities and services are marketed using a market as a foundation. Consumers can get commodities thanks to a market.
When the Brazilian real depreciates in value relative to the currencies of the nations where Brazilian commodities are exported, it is encouraging to see that competitive gain. Therefore, it is highly advantageous to have products created in Brazil and export them to markets in other nations.
Learn more about Market here
https://brainly.com/question/24125798
#SPJ4
What are the 3 considerations before buying a product?
The factors that play a huge role in how a consumer will view a product are very important. The 3 considerations that a buyer take before buying a product are-
Product Allure-Consumers usually buy the product that looks good. packaging plays a vital role in marketing of the goods. it has been rightly said that first impression is the last impression. If a consumer is impressed by a product just by seeing it, it would definitely consider buying it. Familiarity-There is much to be said for wildly inventive, out-of-the-box design, but there is a lot to be said against it, too. Human beings are hard-wired to feel comfortable with what they are familiar. Brand Trustworthiness-Not every consumer consideration is linked entirely to creative package design. Consumer are very much impacted by the brand trustworthiness of a product. who wouldn't prefer buying a brand as having been in existence since time immemorial, they are obviously more likely to trust it.To know more about consumer behaviour refer to-
brainly.com/question/9566137#
#SPJ4
All business processes must be owned by one and only one functional area in any organization. true or false
All business processes must be owned by one and only one functional area in any organization.
The statement is False
A business process is a set of interconnected tasks that culminate in the delivery of a service or product to a customer. A business process is also defined as a sequence of activities and tasks that, when completed, achieve an organizational goal. Value creation is the process of determining what people need or want and then creating it for them. Attracting attention and creating demand for what you've created is what marketing is all about. Sales entails converting potential customers into paying customers. Value Delivery entails delivering on your promises to customers and ensuring that they are satisfied. Six Sigma is a method that equips businesses with tools to improve the capability of their business processes. This improvement in performance and reduction in process variation contributes to defect reduction and an increase in profits, employee morale, and product quality.To know more about business here
https://brainly.com/question/14476382
#SPJ4
_____ has the important function of providing revenue to sustain a firm.
Thinking on how to get customers' attention is the first stage in marketing or advertising. Interest:
Which of the following must be true for an exchange to occur?A number of prerequisites must be satisfied for an exchange to occur: At least two parties are required. There must be something that each has that the other would find useful. Both can effectively communicate and provide what they have to offer.
What does the total revenue less the total expenses mean?Gross profit equals total income less costs directly associated with producing goods for sale, also known as cost of goods sold. Operating profit, which is derived from gross profit, is the income that is still left over after all business expenses have been taken into consideration.
To know more about marketing visit:
https://brainly.com/question/13414268
#SPJ4
If there are shipping cost economies that result from bundling orders for different items together, the __________ model becomes a relatively more attractive option.
If there are shipping cost economies that result from bundling orders for different items together, the fixed order interval model becomes a relatively more attractive option.
A technique for inventory control is the Fixed Order Interval System. The inventory model also goes by the name fixed reorder cycle. By monitoring the product demand in this, a set interval is formed. It is employed to control the raw material supply.
In the fixed order interval system, the stock levels are assessed and a fixed order schedule is created on a recurring basis. This process was created using time as a foundation. Stock levels relate to the inventory or stock that the company keeps in its warehouse.
A fixed order interval method entails routine inventory checks to establish reorder intervals. It is crucial for the organization's efficient and productive operations. As a result, there won't be any extra merchandise stored at the warehouse. As a result, it becomes less expensive to store inventories.
Since there is little chance of orders changing, the raw material supplier generally accepts this form of inventory management. Suppliers are aware of the quantity and timing of reorders.
As a result, the warehouse does not remain empty of inventory. It is delivered on schedule, according to the specifications. As a result, the supplier is protected because switching suppliers is less likely.
To know more about fixed order interval:
https://brainly.com/question/28257509
#SPJ4
In a perfect competitive market setting, which of the following would be a true statement?
a) market price automatically sets itself, exactly, at equilibrium
b) market price rarely trends toward the equilibrium value
c) wage rates trend toward marginal revenue product levels
d) wage rates mirror marginal revenue product levels, exactly
wage rates mirror marginal revenue product levels, exactly.
Which of the following best describes the characteristics of an ideal market?As long as there are plenty of knowledgeable buyers and sellers, no monopolies exist, and all businesses are price-takers, a market is said to be totally competitive.
Which of the following best describes an ideal market?A perfect market is one that is designed to be free of any irregularities that may otherwise prevent the best pricing from being realized. Several instances of this ideal market system include: a huge number of purchasers. There are several sellers
To know more about rates visit:
https://brainly.com/question/14731228
#SPJ4
Suppose you buy a share of stock for $2500 today and sell it for $7000 at the end of six (6) years. What interest rate will you have earned on your investment
The interest rate is 18.72 percent. An interest rate tells you how much borrowing costs and how much saving pays off.
What is an example of an interest rate?For instance, if you borrow $100 at a rate of 5%, you will have to repay the lender $105 in full. The lender will turn a profit of $5. Throughout your life, you may develop a variety of interests. The true amount you owe will be determined by the interest rate on each loan.
We use the following formula to determine the interest rate: FV = (1+r)" * PV, where PV is the initial amount, initial deposit, initial investment, or amount at zero FV is the future value, n is the number of years/period, and r is the interest rate.
After substituting the values into the formula, we have the following result: "FV = (1+r)" PV *
7000 = (1+r)* 2500 7000 2500 = (1+r)6 7000 r = ( 1/6-1 2500 r = 0.18721 = 18.721% = The rate of interest is 18.721% per annum.
The number of periods/years (n) is six.
To learn more about interest rate here:
https://brainly.com/question/13324776
#SPJ4
For marketers, important objectives of a point-of-purchase display are to
a. maximize the consumer's attention and provide storage.
b. encourage repeat purchase and recommendation.
c. generate store traffic and bulk purchasing.
d. minimize brand-switching behavior and incentivize recommendation.
e. increase trial and retaliate against competitors' actions.
Increase trial and retaliate against competitors' actions: Point-of-purchase displays should be designed to encourage customers to try the product. This can be done by offering free samples or special offers, or by retaliating against competitors' promotional activities.
What is encourage customers?Encouraging customers is an important strategy for any business. It is a way to build customer loyalty and increase sales. Encouraging customers involves identifying customer needs and providing them with the best possible service or product, as well as rewards and incentives for continued patronage. This can include offering discounts, providing promotional offers, and providing rewards for repeat customers. It is also important to create a positive customer experience and make sure customers feel appreciated. This can involve providing personalized service and recognizing customers for their loyalty. Taking the time to listen to customer feedback and address any concerns can also go a long way in making customers feel valued.
To learn more about encourage customers
https://brainly.com/question/12831236
#SPJ1
Jeffersontown has a zoning ordinance that requires all properties in a designated historic district to have brick or wood plank facades. No aluminum, cement board, or vinyl siding is allowed. What type of zoning is this
This is Aesthetic Zoning type of zoning. Zoning refers to municipal or local ordinances or rules that specify the permitted and prohibited uses of real estate in certain geographic areas.
Zoning specifies the kinds of operational and development uses of land that are permitted on a particular parcel. Districts and communities are often divided by municipalities based on a master plan. This might be done to save particular resources, reduce noise levels, reserve residential space for locals, and encourage economic growth. The local government may forbid the use of residential land for commercial endeavours in order to restrict commercial activity to certain areas of the community. Conflicts may result from such zoning if locals object to the intended use. Zoning regulations may also control the specifics of building in a certain community. For instance, regardless of the kind of development that is permitted, zoning might set a maximum height restriction for structures in a particular region.
Learn more about Zoning here:
https://brainly.com/question/28055787
#SPJ4
The huge increase in global trade has helped U.S. and Canadian economies, but has hurt many American and Canadian workers. Why
Canada is the top foreign provider of natural gas and crude oil to the United States, accounting for 25% of all oil imports. In summary, this energy partnership has improved American energy security and given Canada a consistent market for its energy exports.
As a result of trade's encouragement of specialization, innovation, and large-scale growth to serve international markets, enterprises become more productive, which raises worker pay and boosts Canada's economy. The eventual outcome is a rise in living standards.
By cutting import costs and maintaining low prices for imports' alternatives, trade liberalization benefits the poor in the same manner it benefits the majority of other people. This increases people's real incomes.
To know more about global trade visit :
https://brainly.com/question/582726
#SPJ4
Buyer Norm had his father put up earnest money in the amount of $4,000. The contract fell through. The sponsoring broker should
The sponsoring broker should release the full amount back to buyer Norm.
The person or organization known as a sponsorship broker is responsible for obtaining sponsorship money for properties Within the sponsorship-marketing industry, sponsorship brokers frequently focus on certain niches.
In Texas, you need to be sponsored by a reputable broker in order to work as a selling real estate agent. To ascertain whether you and the possible sponsors would be a suitable fit, it is crucial to probe when looking for a sponsor.
An agent having their employment broker's license is a sponsored broker. In addition to giving you other economic, marketing, and brand advantages, they are in charge of assisting you during your first few years as an agent. To activate your license, you require a sponsoring broker.
Learn more about sponsoring brokers here:
https://brainly.com/question/14451342
#SPJ4
list two reasons explaining why it’s important to request your 3 credit reports and review them regularly.
To check for errors, To monitor for identity theft are the two reasons exwhy it’s important to request your 3 credit reports and review them regularly.
What is a credit report?A credit report is a detailed record of an individual's credit history, including information on credit accounts, outstanding debts, payment history, and any late payments or defaults. It is used by financial institutions and lenders to determine an individual's creditworthiness when applying for loans or credit.
The two reasons:
To check for errors: Reviewing your credit reports regularly allows you to catch any errors or discrepancies that may be present. This can include incorrect information, such as wrong personal details, outstanding debts, or late payments that you did not make. By identifying and addressing these errors, you can prevent them from negatively impacting your credit score.
To monitor for identity theft: Reviewing your credit reports regularly also allows you to detect any suspicious activity that may indicate identity theft, such as unauthorized credit applications or accounts opened in your name. By identifying and addressing identity theft early, you can minimize the damage and prevent it from causing long-term financial harm.
To know more about Credit visit:
brainly.com/question/1475993
#SPJ4
Which statement below is not a reason for a corporation to buy back its own stock. a. for supporting the market price of the stock b. bonus to employees c. to increase the shares outstanding d. resale to employees
A corporation can either fund its buyback by incurring debt through the issuance of bonds or by using the money saved in retained earnings.
Following the stock repurchase, the issuer or transfer agent operating on the issuer's behalf must adhere to a variety of Securities and Exchange Commission regulations.
In a buyback, a business either directly purchases its own stock from the market or gives shareholders the choice to tender their shares to the business at a predetermined price. By lowering the number of outstanding shares, a share repurchase raises both the demand for and the price of the stock.
Buy Back of shares reduces the shares outstanding.Significant changes in stockholders' equity are reported in statement of stockholders' equity.The advantage of bonds is interest expense is deductible for tax purposes.Stockholders' Equity includes retained earnings and paid-in capital.Interest rate specified in bond indenture is called contract rate.Therefore, Option C is the correct choice.
Learn more about Stock here
https://brainly.com/question/15296757
#SPJ4
When compared to a departmental approach, using activity-based costing results in ______ overhead rates. Multiple choice question. the same number of more less
When compared to a departmental approach, using activity-based costing results in more overhead rates.
Are departmental overhead rates equivalent to activity-based costing rates?Activity-based costing assigns product and service-related indirect costs and overheads, whereas the multiple production department factory overhead rate method only assigns product and service-related factory overheads related to the production department.
Which method of allocating overhead costs is thought to be the most accurate?An activity-based costing system is thought to be more complicated than using a single plantwide rate to divide overhead costs, but an ABC system is also thought to be more accurate.
To learn more about overhead rates here:
https://brainly.com/question/23453741
#SPJ4
In 2021, Ryan files as head of household and has taxable income of $75,673. None of his taxable income consists of capital gains or qualified dividends. Using the tax tables in Appendix D, his tax liability totals $ (rounded to the nearest dollar).
Using the tax tables in Appendix D, his tax liability totals is $13,843.
What is tax?
Tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, or evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. The purpose of taxation is to finance government expenditure. In modern taxation systems, taxes are levied in money; but, in-kind and corvée taxation are characteristic of traditional or pre-capitalist states and their functional equivalents. The method of taxation and the government expenditure of taxes raised is often highly debated in politics and economics.
To learn more about tax
https://brainly.com/question/26316390
#SPJ4
A location decision for an appliance manufacturer would tend to have what type of focus?
A) cost focus
B) focus on finding very highly skilled technicians
C) revenue focus
D) environmental focus
E) education focus
A location decision for an appliance manufacturer would tend to have cost focus type of focus.
Option A is correct.
Cost focus:In a cost-based strategy, companies try to attract customers based on price. Companies using this strategy aim to offer their goods or services at the lowest prices in the market by undercutting the prices of their competitors. Companies adopting this strategy often aim to serve a specific segmented target market.
Which companies are adopting cost focus?Cost focus, on the other hand, focuses on reducing costs, improving financial efficiency, and offering attractively low prices, thus increasing markup prices for products and services. Examples of cost-focused strategies can be found in brands such as RyanAir, Primark (Penneys), Walmart, and McDonald's.
What is Focus Strategy?A focus strategy is a competitive strategy for directing marketing and sales activities to a specific market segment. This strategy aims to tap into the undeserved or undiscovered segment of the target market.
Learn more about focus strategy:
brainly.com/question/29671202
#SPJ4
If there are no units in process at the beginning of the period,
A) then the units started into production will equal the number of units transferred out.
B) the units to be accounted for will equal the units transferred out and the units in process at the end of the period.
C) only one computation of equivalent units of production will be necessary.
D) the company must be using a job order cost system.
A) then the units started into production will equal the number of units transferred out. If there are no units in process at the beginning of the period, then the units started into production will equal the number of units transferred out.
When no units are in progress at the start of a period, all units put into production during that period will have been finished and transferred out by the conclusion of that period. This is because there aren't any ongoing projects from earlier periods that were started during the current period. Additionally, this indicates that by the end of the period, there won't be any units in progress. It's also vital to keep in mind that just the precise scenario mentioned in the question applies to this; in other cases, the units put into production and those moved out might not be the same.
Learn more about production units here:
brainly.com/question/14772856
#SPJ4
Proper risk-return management means that Multiple Choice the firm should take as few risks as possible. the firm must determine an appropriate trade-off between risk and return. the firm should earn the highest return possible. the firm should value future profits more highly than current profits.
Proper risk-return management means that the firm must determine an appropriate trade-off between risk and return. Hence option (b) will be considered as correct.
Give a brief account on risk-return tradeoff.According to the risk-return tradeoff, the potential reward increases as the risk does. By applying this theory, people believe that low levels of uncertainty or risk will result in low potential rewards, whereas high levels of uncertainty or risk will result in high potential returns. The risk-return tradeoff states that an investor may only get better returns on their investment by being willing to accept a higher likelihood of losses.
The trading theory known as the risk-return tradeoff connects high risk and high profit. Several variables, including as an investor's risk tolerance, the number of years till retirement, and the ability to replace lost funds, affect the proper risk-return trade-off. The right portfolio with the right levels of risk and reward requires careful consideration of time as well. For instance, if an investor can invest in equities for a long period of time, they have the opportunity to recover from bear market dangers and take part in bull markets, however if they can only invest for a short period of time, the same shares have a higher risk.
To know more about, risk-return tradeoff, visit :
https://brainly.com/question/20558342
#SPJ4
Marsh Co. Had 2,400,000 shares of common stock outstanding on January 1 and December 31, 2021. In connection with the acquisition of a subsidiary company in June 2020, Marsh is required to issue 100,000 additional shares of its common stock on July 1, 2022, to the former owners of the subsidiary. Marsh paid $200,000 in preferred stock dividends in 2021, and reported net income of $3,400,000 for the year. Marsh's diluted earnings per share for 2021 should be
Marsh's diluted earnings per share for 2021 should be $1.28.
Diluted earnings per share
= Net Income - preferred share/share outstanding +issues additional shares
= $3,400,000-$200,000/$2,400,000+$100,000
= $3,200,000/$2,500,000.
=$1.28.
Shares are a type of protection that gives stockholders a proportion of possession in an employer. shares also are known as “equities. “An inventory is a well-known time period used to describe the possession certificate of any enterprise. A percentage, on the other hand, refers to the inventory certificates of a specific employer. maintaining a particular enterprise's proportion makes you a shareholder. Description: shares are of sorts—common and desired.
A stock is a sort of investment in an organization. agencies problem inventory shares to raise money that allows you to finance operational desires and to fuel growth, and traders buy the one's stock stocks for the possibility to generate a go back on their funding. A proportion is a monetary instrument that represents the component possession of an organization. An inventory is a financial tool that represents part possession in one or more establishments.
To learn more about Stock visit here:
brainly.com/question/29992015
#SPJ4
The rate of return on which of the following has a risk premium of 0%?
A. Long term corporate bonds
B. Large company stocks
C. US treasury bills
D. Intermediate term govt bonds
E. long term govt bonds
The rate of return on which US treasury bills has a risk premium of 0%.
The loss or gain of an investment over a specific time period, stated as a percentage of the investment's original cost, is known as the rate of return (ROR). A position has won money if the ROR is positive; otherwise, it has lost money. Any investment you make will have a return rate.
Subtract the investment's initial value from its ending value to determine the rate of return (remember to include dividends and interest). Divide this sum by the investment's initial cost, then multiply the result by 100. You will receive the ROR as a percentage as a result.
To know more about rate of return click here
brainly.com/question/24232401
#SPJ4
What are the 3 major components of the budget process?
A personal budget is comprised of three basic components: income, expenses, and savings. Each of the three components helps to make sure that a household runs smoothly and makes responsible use of its revenue.
'What is budget?'
A budget is sometimes described as an estimation of revenue and expenses for a given period that is put together and then periodically reevaluated. In essence, it is an estimation of all the costs and income.
The only way to obtain accurate financial information when it comes to budgeting and forecasting is to make sure that these three crucial components of a budget operate in perfect harmony. To create the ultimate business budget, you need all three; you can't expect one to work without the other two.
Know more about revenue here
https://brainly.com/question/8645356#
#SPJ4
Henry Potter owns the only well in town that produces clean drinking water. He faces the following demand, marginal revenue, and marginal cost curves:
demand : p= 70-Q Marginal Reveneu : MR = 70-2Q Marginalcost : MC = 10+Q
a. Graph these three curves. Assuming that Mr. Potter maximizes profit, what quantity does he produce? What price does he charge? Show these results on your graph. b. Mayor George Bailey, concerned about water consumers, is considering a price ceiling 10 percent below the monopoly price derived in part (a). What quantity would be demanded at this new price? Would the profit-maximizing Mr. Potter produce that amount? Explain. (Hint: Think about marginal cost.) c. George's Uncle Billy says that a price ceiling is a bad idea because price ceilings cause shortages. Is he right in this case? What size shortage would the price ceiling create? Explain. d. George's friend Clarence, who is even more concerned about consumers, suggests a price ceiling 50 percent below the monopoly price. What quantity would be demanded at this price? How much would Mr. Potter produce? In this case, is Uncle Billy right? What size shortage would the price ceiling create?
The quantity demanded is 20 units. [MR=MC; 70-2Q=10+Q; Q = 60 /3 = 20]. Shortage's size that price ceiling creates = 10 units of output [(Quantity supplied at $45 - Quantity demanded at 25)= (35 - 25)]. This shortage is because of demand's lack.
Explanationa.) The equation for the demand, marginal revenue and marginal cost for the given problem are as follows:
Demand : p= 70-Q Marginal Reveneu : MR = 70-2Q Marginalcost : MC = 10+Q
Profit is maximized at; MR=MC = 70-2Q=10+Q
Q = 60 /3 = 20
P = 70 - Q = 70 -20 = 50
10% below monopoly price=50(0.9)=45
D=70−Q=70−45=25
MC=10+25=35, MC is less than price
Surplus = Supply -demand = 35-25 =10
At P= 50% below monopoly price; Q=70-25=45
25=10+Q
Q=15(supply)
Hence, There is a shortage of 45-15=30.
b.) Now, Mayor George Bailey about water consumers, is considering a price ceiling that is 10% below monopoly price. Therefore, the price ceiling will be = (50- 5) = $ 45. And at this price ($45), demand quantity would be 25 units of output. Hence, the profit maximizing Mr. potter would not produce that amount because quantity supplied is more than quantity demanded.
c.) Now, George's uncle Billy tells that price ceiling is bad idea because it causes shortage. Yes, he is right in this case. As it has been observed above. further, shortage's size that price ceiling creates = (Quantity supplied at $45 - Quantity demanded at)= (35 - 25) = 10 units of output. This shortage is because of demand's lack.
To learn more about marginal cost visit:
https://brainly.com/question/15583202
#SPJ4
The quantity demanded is 20 units. [MR=MC; 70-2Q=10+Q; Q = 60 /3 = 20]. Shortage's size that price ceiling creates = 10 units of output [(Quantity supplied at $45 - Quantity demanded at 25)= (35 - 25)]. This shortage is because of demand's lack.
What quantity would be demanded at this new price?The equation for the demand, marginal revenue and marginal cost for the given problem are as follows:
Demand : p= 70-Q Marginal Revenue : MR = 70-2Q Marginal cost : MC = 10+Q
Profit is maximized at; MR=MC = 70-2Q=10+Q
Q = 60 /3 = 20
P = 70 - Q = 70 -20 = 50
10% below monopoly price=50(0.9)=45
D=70−Q=70−45=25
MC=10+25=35, MC is less than price
Surplus = Supply -demand = 35-25 =10
At P= 50% below monopoly price; Q=70-25=45
25=10+Q
Q=15(supply)
Hence, There is a shortage of 45-15=30.
b.) Mayor George Bailey is currently thinking about setting a price cap 10% below the monopoly price for water consumers. As a result, the price cap will be $ 45 = (50- 5) Additionally, the demand quantity would be 25 units of output at this price ($45). Therefore, Mr. Potter would not manufacture that much because there is a surplus of supply compared to demand.
What size shortage would the price ceiling create?Billy, George's uncle, now claims that a price cap is a bad idea since it results in shortages. Yes, in this instance, he is correct. like what was mentioned earlier In addition, the extent of the shortage caused by the price ceiling is calculated as follows: (Quantity supplied at $45 - Quantity required at)= (35 - 25) = 10 units of output. The lack of demand is what's causing this shortage.
To learn more about marginal cost visit:
brainly.com/question/15583202
#SPJ4
What is command economy main goal?
The main goal of the command economy is to centralize the decision-making process and allocate resources in an efficient manner. This type of economy is based on a planned economy where the government controls the production, distribution and prices of goods and services.
This type of economic system is typically seen in socialist countries and its primary purpose is to ensure that resources are used in the most efficient and equitable manner possible. The government sets prices, wages, and production levels, which helps ensure that everyone has access to basic goods and services. This type of economy also emphasizes the importance of social justice, meaning that the government tries to ensure that everyone has access to the same basic goods and services, regardless of their economic status.
To know more about economy click here
https://brainly.com/question/2421251
#SPJ4
Kurtis is expecting a promotion which, hopefully, comes with a raise. he would like his raise to help him correct a high debt-to-income (dti) ratio of 43%. his current annual salary is $53,000. how much of a raise would kurtis need applied to his annual salary to get his dti ratio down to a more reasonable 36%?
a. $4,437
b. $8,627
c. $10,305
d. $63,305
please select the best answer from the choices provided a b c d
Ge wants to reduce his debts with his raise, he needs to get a raise of $4,437
What is debts?Debt is an amount of money owed by an individual or organization to another individual or organization. Generally, debt is incurred when a person or entity borrows money from another person or entity.
To calculate the amount of raise Kurtis needs, we need to calculate his total debts and total income. His current annual salary is $53,000, so his total income is $53,000. To calculate his total debts, we can use the equation Total debts = DTI x Total Income. Since his current DTI is 43%, his total debts are $22,790 (43% x $53,000).
To get his DTI down to 36%, his total debts should be $19,080 (36% x $53,000). Therefore, he needs to reduce his debts by $3,710 ($22,790 - $19,080). Since he wants to reduce his debts with his raise, he needs to get a raise of $4,437 ($3,710 / 0.85, where 0.85 is the salary tax rate).
Therefore, the answer is A. $4,437.
To learn more about debts
https://brainly.com/question/25575100
#SPJ4
The process where responders analyze the problem and assess potential outcomes best describes which of the following tasks
The correct answer is response ideal( strategy) to achieve a result to the brazened problems. This process allows askers to break a complex and potentially inviting response down into pieces to prop decision timber.
The thing is to ensure pollee health and safety while mollifying extremities. A threat assessment is a written document that records a three-step process:
1 Relating the plant hazards in the plant( s) under your control.
2 Assessing the pitfalls presented by these hazards.
3 Putting control measures in place to reduce the threat of these hazards causing detriment.
The information must be in jotting, in English, and presented on a shipping paper or affiliated shipping document. The offeror of response ideal( strategy) ensures that the exigency response information is current, correct, and accurate.
To learn more about response ideal( strategy), visit here.
https://brainly.com/question/28166300
#SPJ4