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alisha [4.7K]
2 years ago
10

A perfectly elastic demand curve implies that the firm: A) must lower price to sell more output. B) can sell as much output as i

t chooses at the existing price. C) realizes an increase in total revenue which is less than product price when it sells an extra unit. D) is selling a differentiated (heterogeneous) product.
Business
1 answer:
dsp732 years ago
4 0

Answer:

A perfectly elastic demand curve means that the firm can sell as much output as it chooses at the current price.

Explanation:

The perfectly elastic demand implies that the demand curve is horizontal line parallel to the X axis. The price is fixed at a point and the firm can sell any amount of output at this point. The demand is infinite at the given price level. If the firm makes any changes in this price level, the demand will become zero.

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Bob Johnson, you know, I had a friend named Bob. Those were the days.

Explanation:

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You are the manager of a retail store, and you have been tasked with finding the return rate on a certain brand of laptop comput
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Using the table as experimental data, if your store has 379 laptops returned in April, then the number of laptops are likely to have been sold in April is c. 1,743
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A broad differentiation strategy Multiple choice question. appeals to customers who don't tend to be particularly loyal to a bra
Anna007 [38]

Answer:

is based on offering a unique product or service that a wide range of buyers find appealing and worth paying for

Explanation:

A broad differentiation strategy is a strategy of making ones goods or services different from that of competitors in a way that would appeal to a wide range of consumers.

An example of a company that employs broad differentiation strategy is apple. Apple products are deemed to be quite different from that of its competitors

<em><u>Characteristics of broad differentiation strategy </u></em>

  1. Firms that use this pricing have higher brand loyalty
  2. Firms that use this pricing have higher sales than when compared with competitors
  3. Firms that use this pricing are able to charge a higher price for their products when compared to their competitors

3 0
1 year ago
TechPro offers instructional courses in e-commerce website design. The company holds classes in a building that it owns.
myrzilka [38]

Answer:

1. fixed and indirect

2. variable and direct

3. variable and direct

4. fixed and indirect

5. fixed and indirect

6. variable and direct

Explanation:

<u>Fixed and variable costs</u>

A fixed cost is expected to be constant for a short term period whilst a variable cost is expected to vary in direct proportion to the number of units produced in this case it is the individual classes.

Depreciation expense on classroom building and on computers is a fixed cost that is expected to remain constant and the instructor wage varies with the number of classes thus a variable cost.

<u>Direct and Indirect costs</u>

A direct cost can be directly traced to the cost object by observation whist the indirect cost can not be directly traced on a cost object.

The instructors wage is a direct cost, his effort is seen with the success of the classes whist the depreciation expenses are indirect costs.

4 0
2 years ago
For more than a thousand years, the Catholic Church required its members to abstain from meat on Fridays. Catholics customarily
bonufazy [111]

Answer:

Option (b) is correct.

Explanation:

Before 1966, Catholics were restricted from consuming meat on Fridays and they ate fish on Fridays. But after 1966, there were no such restrictions are there and they are free to eat meat on Fridays, now Catholics also consume meat on Fridays.

This will result in an increase in the demand for meat and demand for fish decreases. So, this will shift the demand curve of fish leftwards and demand curve of meat rightwards.

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2 years ago
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