If the price of a product is $12, its average total cost is $2 and its average total cost is $15 at the profit-maximizing output level, in the short run the firm:

Answers

Answer 1

In the short run, the firm will produce the profit-maximizing output level, which is the level where marginal revenue (MR) equals marginal cost (MC).

Given that the price of the product is $12, the firm's marginal revenue is also $12. Therefore, to maximize profits, the firm will produce the level of output where its marginal cost equals $12.

Since the average total cost (ATC) is $2 at this output level, the firm is earning a profit of $10 per unit. However, if the average total cost is $15 at the profit-maximizing output level, then the firm is incurring losses of $3 per unit.

In the short run, the firm may continue to produce at the profit-maximizing output level as long as its revenue covers its variable costs. However, if the losses persist, the firm may decide to shut down its operations in the short run.

To summarize, in the short run, the firm will produce the profit-maximizing output level where MR = MC. If the price of the product is lower than the average total cost at this output level, the firm will incur losses and may shut down in the short run.

To know more about Average Total Cost, visit https://brainly.com/question/29509552

#SPJ11


Related Questions

The production era marked a time when companies were able to increase their profits because they were able to decrease their production costs.
True
False

Answers

Answer:

true

Explanation:

it was the time of the production line making it easy to make expensive things with people that are lower skilled and cheaper overall

Answer:

True

Explanation:

have a good day

According to the video, what are some qualities Air Traffic Controllers need? Check all that apply.

physical strength
clear speaking
teamwork
alertness
repair skills
a driver’s license

Answers

Answer:

B,C,D ON EDGE 2020-2021

Explanation:

Based on the information given, the qualities Air Traffic Controllers need are:

Clear speakingTeamworkAlertness

The correct options are B, C, and D.

What does an air traffic controller do?

They control the flow of aircraft into and out of the airport's airspace, direct pilots during takeoff and landing, and keep an eye on the movement of aircraft in the sky. To communicate with pilots, air traffic controllers employ radio technology.

Clear speaking is necessary because Air Traffic Controllers are responsible for communicating with pilots to provide them with critical information, such as weather conditions, runway changes, and other important details. Any miscommunication or misunderstanding could have severe consequences, so it's essential that Air Traffic Controllers are articulate and can communicate clearly.

Teamwork is also crucial for Air Traffic Controllers because they work closely with other Air Traffic Controllers and other professionals, such as pilots, airport personnel, and maintenance crews. They need to be able to coordinate and collaborate effectively to ensure the safe and efficient flow of air traffic.

Thus, the ideal selections are options B, C, and D.

Learn more about Air Traffic Controllers here:

https://brainly.com/question/30600617

#SPJ3

what are antitrust laws? legislation enacted to prevent the encroachment of government into the private sector. laws governing the management of state-owned enterprises. laws meant to eliminate collusion and promote competition among firms. laws meant to protect businesses from unfair treatment from consumers. identify the first antitrust law and its purpose. the clayton act of 1950 1950 toughened restrictions on mergers by prohibiting any merger that leads to reduced competition. the robinson-patman act of 1936 1936 prohibited anticompetitive price discrimination. the clayton act of 1890 1890 prohibits firms from owning stock in competing firms. the federal trade commission act of 1914 1914 established the ftc. the sherman act of 1890 1890 prohibits price fixing, collusion, and monopolization. the sherman act of 1914 1914 established the federal trade commission.

Answers

Antitrust laws are legislation enacted to prevent collusion and promote competition among firms, aimed at preventing the formation of monopolies, which can lead to decreased competition, higher prices, and limited innovation.


The first antitrust law was the Sherman Act of 1890, which prohibited price fixing, collusion, and monopolization. The purpose of the Sherman Act was to promote competition and protect consumers by preventing companies from engaging in anti-competitive behavior.In addition to the Sherman Act, other antitrust laws have been enacted to further regulate and prevent anticompetitive behavior.

The Clayton Act of 1914 established the Federal Trade Commission (FTC) and prohibited firms from owning stock in competing firms. The Robinson-Patman Act of 1936 prohibited anticompetitive price discrimination. The Clayton Act of 1950 further toughened restrictions on mergers by prohibiting any merger that leads to reduced competition.Antitrust laws play a crucial role in promoting competition and protecting consumers by preventing companies from engaging in anti-competitive practices such as price-fixing, collusion, and monopolization.

For more such questions on monopolies visit:

https://brainly.com/question/2891218

#SPJ11

total quality costs are comprised of the costs of all of the following except: group of answer choices external failure appraisal prevention management

Answers

Total quality costs are the sum of all costs associated with ensuring product or service quality.

This includes costs of prevention, appraisal, and internal and external failure costs. Management costs, however, are not included in total quality costs. Management costs are typically considered overhead expenses that are not directly related to the production or provision of the product or service. Prevention costs include costs associated with quality planning, training, and process control to prevent defects from occurring. Appraisal costs include the costs of inspecting and testing products or services to ensure they meet quality standards. Internal failure costs are the costs of correcting defects before the product or service is delivered to the customer. External failure costs are the costs of correcting defects after the product or service has been delivered to the customer. By understanding these costs, a company can identify areas where quality can be improved and costs can be reduced.

To learn more about costs

https://brainly.com/question/28147009

#SPJ11

The amount of output produced per unit of input is referred to as ______.

Answers

Answer:

productivity

Explanation:

Hope this helped!!!

The amount of output produced per unit of input is referred to as productivity.

What is productivity?

Productivity is a measure of the efficiency with which commodities or services are produced. Productivity is frequently represented as a ratio of an aggregate output to a single or aggregate input employed in a manufacturing process, i.e. output per unit of input, generally over a specified time period.

Managers utilize objectives, incentives, development, and communication tactics to improve staff performance and productivity.

In economics, productivity quantifies output per unit of input, such as labor, capital, or any other resource. For the economy, it is frequently computed as a ratio of GDP to hours worked.

Therefore, it can be concluded, that Productivity is defined as the quantity of output generated per unit of input.

Learn more about Productivity here;

https://brainly.com/question/13774781

#SPJ6

HELPPPKDDKKD
Question 5 of 10
Creating barriers to trade can lead to which problem?
A. Consumers will be more likely to buy luxury goods in foreign
markets
O B. Domestic businesses will face more competition from foreign
companies.
C. The country will become overly reliant on foreign countries.
OD. Other countries will retaliate by creating their own barriers to trade.

Answers

Creating barriers to trade can lead to Other countries will retaliate by creating their own barriers to trade problem.

What are the reasons of trade barriers?

Governments erect trade barriers to control foreign trade and safeguard domestic industries. Implementing trade barriers is done for a variety of reasons, including: 1. Protecting domestic industries: To shield their domestic industries from foreign competition, governments may impose trade barriers. Subsidies, quotas, or tariffs can all be used to achieve this. 2. National security: Trade restrictions may be put in place for the protection of the nation, such as by limiting the export of materials or sensitive technology that could be used for military purposes. 3. Environmental issues: To protect the environment, governments may impose trade restrictions on imports of products that do not adhere to certain environmental standards. 4. Anti-dumping measures: To stop businesses from flooding the market with their products at below-market prices, governments may impose tariffs or quotas.

To Know more about Trade problems Visit:

brainly.com/question/28489704

#SPJ1

which promotional issue is when promotion stimulates demand?

Answers

In case whereby, promotion stimulates demand, then it could bring about lower prices for consumers which can be regarded as promotional issue to the brand.

For demand to be stimulated,  the customers needs are expected to be understood by the brands, and this is at the center of marketing communications.

We can conclude that for promotion to stimulates demand, the result could be lowering of price of goods for the consumer.

Learn more at:

https://brainly.com/question/24591855?referrer=searchResults

Which of the following is true of small business owners?
A. the work business owners do requires little physical stamina.
B. the business owner starts with a business plan.
C. the business owner need to know little about management and finance. D. it's easy for most business owners to find a marketable idea.

Answers

Answer:

B

Explanation:

I mean, hopefully, they made a business plan lol. If you don't plan out your business right, you'll have a hard time making it become successful without a good plan.

Which view is used to enter data into an Access table by default?
Datasheet
Grid
Design
Layout

Answers

datasheet hope this helps

The answer is Datasheet.

What is the datasheet view?

A web datasheet view in an Access app displays online data arranged in rows and columns in a web browser. It can allow data edits or not, as you prefer. When you create a web datasheet view in Access, it opens in Design View, where you can set the record source.

Which view is used to display the data of the table?

In relational databases, data is structured using various database objects like tables, stored procedures, views, clusters, etc. This article aims to walk you through 'SQL VIEW' – one of the widely-used database objects in SQL Server.

Learn more about the datasheet here https://brainly.com/question/27362402

#SPJ2

please help and please explain why!!!!

please help and please explain why!!!!

Answers

The expected return and a standard deviation of a portfolio that has 80% of its value in stock A and 20% in stock B is 7.5% and 1.1%. Hence option D. is correct.

Define a portfolio.

A collection or group of assets. A portfolio, by definition, is a broad collection of assets held by an investor. The aforementioned collection of financial assets are also valuables such as gold, stocks, funds, derivatives, real estate, cash and bonds.

Step: 1. Expected return on stock A i.e.

\({\bar X}\) = ∑ PX

\({\bar X}\) = 7.50%

Step: 2. Standard deviation on stock A i.e

σₓ = √(∑ P(X - \({\bar X}\))²

σₓ = √20.25

σₓ = 4.50%

Step: 3. Expected return on stock B i.e.

\({\bar Y}\) = ∑ PY

\({\bar Y}\) = 7.50%

Step: 2. Standard deviation on stock A i.e

\(\sigma_{y}\) = √(∑ P(Y - \({\bar Y}\))²

\(\sigma_{y}\) = √156.25

\(\sigma_{y}\) = 12.50%

Step: 5. Calculating coveriance between stock A and stock B

Cov(x,y) = ∑P(X - \({\bar X}\))(Y - \({\bar Y}\))

= -56.25%2

Step: 6. Weights of individual stocks with in the portfolio =

Weight of stock A i.e. WX = 0.80

Weight of stock B i.e. WY = 0.20

Step:7. Expected return on the portfolio = E(RP) = WX × E(RX) + WY × E(RY)

= 0.80 × 7.50 + 0.20 × 7.50

= 7.50% answer to the part a.)

Step: 8. Standard deviation of the portfolio =

\(\sigma_{p}\) = \(\sqrt{W_{x} ^{2} *\sigma_{x} ^{2} * W_{y} ^{2} *\sigma_{y} ^{2} + 2 * W_{x}*W_{y}* Cov(X,Y)}\)

\(\sigma_{p}\) = √(0.80² × 4.50² + 0.20² × 12.50² + 2 × 80 × 0.20 × -56.25)

\(\sigma_{p}\) = √1.21

\(\sigma_{p}\) = 1.10 %

To know more about portfolio, visit:

https://brainly.com/question/17165367

#SPJ1

please help and please explain why!!!!

If i paid $625 interest on $5000 that i borrowed at 5%, how many years did i borrow it?

Answers

To calculate the number of years you borrowed the $5000, you can use the following formula:

Years = Interest ÷ (Loan Amount x Interest Rate)

Where:

Interest = $625

Loan Amount = $5000

Interest Rate = 5% (converted to decimal form: 0.05)

Plugging in the values, we get:

Years = $625 ÷ ($5000 x 0.05) = $625 ÷ $250 = 2.5 years. So you borrowed the $5000 for 2.5 years.

In other words, the interest of $625 results from borrowed $5000 for 2.5 years at a 5% interest rate. The interest is calculated as a percentage of the loan amount and represents the cost of borrowing the money. By dividing the interest by the loan amount and the interest rate, we can determine the years over which the interest was charged.

To learn more about interest rate, visit here

https://brainly.com/question/13324776

#SPJ4

when benefit is constant, how to manipulate the cost to have
positive NPV (Net present value).
"

Answers

These are the following three measures to get a positive Net present value given below.

The concept of net present value (NPV) is employed to examine the feasibility of long-term investments or projects. NPV is defined as the difference between the present value of cash inflows and the present value of cash outflows. The NPV of a project is negative if the cost of the project exceeds the current value of its cash inflows.

For a project to have a positive NPV, its current value of cash inflows must be greater than the cost of the project. To achieve positive NPV when the benefit is constant, the cost must be lowered.

In order to get a positive NPV, a company must take the following measures:

Reduce the upfront cost: Decrease the initial cost of the project in order to increase the NPV. This may be achieved by lowering material or labor costs or finding a cheaper alternative.Reduce the long-term expenses: By minimizing operating and upkeep costs, you may maximize your NPV. Using less energy, for example, lowers energy bills and increases cash inflows. Similarly, utilizing eco-friendly equipment or reducing labor costs via automation may help minimize long-term expenses.Reduce the discount rate: The present value of future cash inflows is influenced by the discount rate. The present value of future cash flows will increase if the discount rate is decreased. By decreasing the discount rate, a company can boost NPV.

Learn more about Net present value from the given link.

https://brainly.com/question/17199492

#SPJ11

alto deliveries, a courier service provider, built a strong reputation over a short period of six months. inundated with customers, the company decided to expand its fleet of vans and enlarge its delivery networks and to stop offering the discounts it was offering to some market segments. because it was the holiday sales season, higher pricing made good business sense. the pricing alto deliveries is using is

Answers

The pricing alto deliveries is using is both revenue-oriented and operations-oriented.

What is operations-oriented pricing?

A pricing strategy called operations-oriented pricing enables businesses to make the best use of their available productive capacity while maintaining profitability. Organizations can use operations-oriented pricing to make the best use of their productive capacity in two situations, generally speaking.

First,  operations-oriented pricing is a strategy you can use to boost profits if market demand for your goods or services exceeds your level of productivity. You could, for instance, raise your prices to make more money. Secondly, you can lower the prices to support it if you want to keep your productive capacity but the demand is declining.

Learn more about pricing strategy

https://brainly.com/question/20927491

#SPJ1

you own the wickedly wobbly widget company, and you produce 1,000 lines of widgets, 940 more than your nearest competitor. you are the industry leader. the most important component of your strategy is

Answers

The success of the Wickedly Wobbly Widget Company is largely due to its focus on quality.

In a competitive industry, the Company has managed to distinguish itself by producing 1,000 lines of widgets, 940 more than its nearest competitor. This has enabled the Company to become the industry leader.

Quality is the cornerstone of the Company's strategy. All of the Company's widgets are held to the highest standards of craftsmanship, with each one subjected to rigorous testing and evaluation before it reaches the customer. This commitment to quality is what sets the Company apart from its competitors and has made it the industry leader.

Quality also extends beyond the widgets themselves. The Company seeks to provide superior customer service, going above and beyond to ensure that each customer is completely satisfied with their purchase. The Company also offers a comprehensive warranty on all of its products, and any customer who experiences a problem with their widget can be assured that the Company will be there to help.

In addition to its emphasis on quality, the Company also invests in research and development. By staying ahead of the curve and developing new products that can meet customer needs, the Company has been able to maintain its edge in the marketplace.

The combination of quality, customer service, and innovation has allowed the Wickedly Wobbly Widget Company to become the industry leader. With its commitment to excellence and its ability to meet customer needs, the Company is well-positioned to remain a dominant force in the widget market for years to come.

To know more about widget click-

https://brainly.com/question/28100762

#SPJ11

What is the law of one price? How do you get from the law of one price to purchasing power parity?

Answers

The Law of One Price (LOP) is an economic principle that states that in a competitive market, identical goods should have the same price in different locations when expressed in a common currency.

This principle assumes that there are no barriers to trade, transportation costs are negligible, and there are no restrictions on the flow of goods and services.

Purchasing Power Parity (PPP) is a concept that extends the Law of One Price to compare the purchasing power of different currencies. It states that the exchange rate between two currencies should adjust to ensure that a basket of goods has the same purchasing power in different countries.

To derive PPP from the Law of One Price, we consider the price levels of goods and services in different countries. If the Law of One Price holds true, then the price of a basket of goods in one country divided by the price of the same basket in another country should be equal to the exchange rate between the two currencies.

For example, if a basket of goods costs $100 in the United States and an equivalent basket costs €80 in the Eurozone, the exchange rate between the US dollar and the euro should be $1.25 per euro ($100 divided by €80). If the exchange rate is higher or lower than $1.25 per euro, it implies that one currency is overvalued or undervalued relative to the other.

Purchasing power parity is used as an indicator to measure the relative value of currencies and to compare living standards across countries. It suggests that over the long term, exchange rates will adjust to ensure that the purchasing power of different currencies is equalized.

Learn more about One Price here:

https://brainly.com/question/14923610

#SPJ11

What you don’t want to do when using job boards is __________________ endlessly. To prevent that from happening, you should first create a __________________ describing you, so that recruiters can find you. You should also use the platform’s features to set up __________________, using filters for the types of jobs you’re interested in. The alerts will notify you when there’s a potential match. Although job boards are by nature impersonal, you should aim to make personal connections by introducing yourself to the __________________ for an open role or find someone you already know at the company who can introduce you. If there’s a company you’d love to work for that is hiring in other areas, it can’t hurt to reach out, unsolicited, and see if they might be hiring for your role soon. And any time you upload a resume, be sure it is __________________ and tailored toward the job posting itself.

Answers

Make connections with both new and old individuals to locate your future career. In fact, networking is the greatest way to get a job, according to magazines like Payscale, The Balance, SHRM, The Muse, and others.

How can you utilize job boards to discover your next job in these 6 clever ways?

Make connections with both new and old individuals to locate your future career. In fact, networking is the greatest way to get a job, according to magazines like Payscale, The Balance, SHRM, The Muse, and others.

There are appropriate and inappropriate methods to utilize traditional job boards, but this does not imply that job searchers shouldn't use them in their search.

The following are six sage ways to use job boards:

Create a profile- Having a profile set up enables recruiters to find you and get in touch with you for interviews.

Create alerts- Don't waste time poring over job advertisements to find the one you should apply for.

Introduce yourself out front.- By getting in touch with the hiring manager directly by phone or email, you can reduce your chances of being overlooked by HR.

Find someone you can introduce to others.- Make contact with anyone you know who may be able to put you in touch with a contact at the firm you want.

Post a résumé that is brand- and keyword-rich- Make sure your resume is "keyword rich" before applying for a position via a job posting. Use words and phrases that are relevant to the position and field for which you are applying.

"Fire is where there is smoke,"- Consider how recruiting in your immediate region may be impacted if you observe hiring activities at a firm.

Learn more about job advertisements: https://brainly.com/question/18311790

#SPJ1

A customer reward program can be useful because it _____. (Select all that apply.)


allows the customer to get a reward


helps develop a profile of the customer


shows the customer’s purchases


restricts the customer’s shopping to one particular store

Answers

A customer reward program can be useful because it d. restricts the customer’s shopping to one particular store.

What exactly is a customer loyalty program?

The point-based loyalty programs known as customer reward programs are meant to encourage more purchases and customer engagement in return for discounts and other perks.

What do reward schemes accomplish?

Companies can provide customers with points or benefits through a loyalty program. In addition, they can exchange points for special offers, free goods, rewards, or access to exclusive benefits. The objective is to cultivate customer trust and encourage repeat purchases. 95% of customers say that having faith in a company makes them more loyal.

Therefore, the correct answer is d. restricts the customer’s shopping to one particular store.

Learn more about customer reward program on:

brainly.com/question/17087458

#SPJ1

Marnie makes regular annual payments of $5,000 to her Individual Retirement Account (IRA). If the amount of interest she earns is 5. 6% per year, determine the future value of the account after 35 years. Round to the nearest cent. A. $540,581. 69 b. $511,914. 48 c. $190,508. 32 d. $189,623. 41.

Answers

The future value of the account after 35 years is $511,914. 48.

The payment Marnie is making is known as an ordinary annuity. An ordinary annuity is when a fixed payment is made at the end of a period at regular intervals for a period of time.

Future value = annual payments x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Annuity factor = [(1.056)^35 - 1] / 0.056 = 102.382897

Future value = $5000 x  102.382897 = $511,914. 48

To learn more about future value, please check: https://brainly.com/question/18760477

PLS help, 25 pts and brainliest will be given !
How can reflecting on morals and ethics; help you identify your areas of strengths and weaknesses?

Answers

Explanation:

Identifying your strengths and weaknesses can be extremely valuable. Not only will it allow you to approach tasks and challenges with a better understanding of how to succeed and what pitfalls to look out for, but it also allows you to effectively communicate what you can contribute, which is essential for things like job interviews.

Distinguishing your qualities and shortcomings can be very significant. Not exclusively will it permit you to move toward assignments and difficulties with a superior comprehension of how to succeed and what traps to pay special mind to, yet it likewise permits you to viably convey what you can contribute, which is fundamental for things like new employee screenings.

Real Estate Question

A buyer is purchasing a property for $500,000. He has a down payment of $50,000 and is financing the rest. What's the amount of the loan origination fee if the lender charges one-and-a-half points? Please explain your work as well.

Answer Choices:
$5,000
$6,750
$750
$7,500

Answers

Answer:

Amount of the loan origination fee = $7,500

Explanation:

Given:

Purchase cost of house = $500,000

Down payment cost = $50,000

Lender charges point = 1.5 points[%]

Find:

Amount of the loan origination fee

Computation:

Amount of the loan origination fee = Purchase cost of house x Lender charges point

Amount of the loan origination fee = 500,000 x 1.5%

Amount of the loan origination fee = $7,500

Purchasing management includes
1) Forecasting, pricing & inventory management
2) Supplier relationship management
3 Order processing, shipments schedules & reverse logistics
4) All of the above.

Answers

4) All of the above.

Purchasing management encompasses various activities and functions related to the procurement and management of goods and services within an organization.

includes:

1) Forecasting, pricing & inventory management: This involves analyzing market trends, predicting future demand, determining optimal pricing strategies, and effectively managing inventory levels to ensure sufficient supply while minimizing excess stock .

2) Supplier relationship management: This focuses on establishing and maintaining positive relationships with suppliers. It includes activities such as supplier selection, negotiation, contract management, and performance evaluation to ensure the organization has reliable and high-quality sources of goods and services.

3) Order processing, shipment schedules & reverse logistics: This entails managing the end-to-end process of order fulfillment, including order placement, tracking, scheduling shipments, and handling returns or reverse logistics processes.

All of these activities are integral to effective purchasing management. By integrating these functions, organizations can optimize their procurement processes, reduce costs, ensure timely delivery of goods, and maintain strong supplier partnerships, ultimately contributing to overall operational efficiency and customer satisfaction.

Learn more about stock here:

https://brainly.com/question/31940696

#SPJ11

An investor whose highest priority is getting the largest gains possible, even if
it requires a lot of risk, would most likely invest in ________.
A. Hedge funds
B. Bonds
C. Mutual funds
D. Saving accounts

Answers

The investor whose highest priority is getting the largest gains possible would invest in hedge funds. (option A)

What are hedge funds?

Hedge funds are alternative investments that pool the financial resources of different high net worth people together in order to invest in different ventures. Hedge funds are known to invest in different risky and illiquid investments. This increases the rate of their returns relative to other options.

To learn more about hedge funds, please check: https://brainly.com/question/9965923

#SPJ1

The information necessary to conduct a bottom-up estimate of project time and cost starts with the ___________.

Answers

Answer:

The information necessary to conduct a bottom-up estimate of project time and cost starts with the work package.

Bottom-up estimate builds detailed cost and time estimates from the lowest level of detail for the work package.  This process improves the project's ability to be achieved within the estimated amounts of money and time.

The work package encompasses the required steps to complete the building blocks of the work breakdown structure and so actualize the project objectives.

In project management, the work requirements are broken down into  work packages.  Such breakdown enables various teams to simultaneously or sequentially work on the different project components.

Thus, information required for conducting a bottom-up estimate of project time and costs starts with the work package and not level 5 PBS elements or level 4 WBS elements.

Explanation:

Hope this helped.

A brainliest is always appreciated.

A new smali business wants to know if its current radio advertising is effective. The owners decide to look at the mean number of customers who make a purchase in the sore on days immediately following days when the radio ads are played as compared to the mean for those days following days when no radio advertisements are played. They found that for 13 days following no advertisements, the mean was 23.9 purchasing customers with a standard deviation of 1.9 customers. On 6 days following advertising the mean was 24.7 purchasing customers with a standard deviation of 1.6 customers. Test the claim, at the 0.01 level, that the mean number of customers Who make a purchase in the store is lower for days following no advertising compared to days following advertising. Assume that both populations are approximately normal and that the population variances are equal. Let days following no advertisements be Population 1 and let days following advertising be Pogustion 2 Step 2 of 3 : Compute the value of the test statistic. Round your answer to three decimal places.

Answers

The test statistic value is -1.111, indicating a difference in mean customer purchases between days with no advertising and days with advertising.

To test the claim, we compare the mean number of purchasing customers on days following no advertising (Population 1) to the mean on days following advertising (Population 2). We are given the sample means, standard deviations, and sample sizes for both populations.

Step 1: Hypotheses

The null hypothesis (H0) states that there is no difference in the mean number of customers making a purchase between the two populations. The alternative hypothesis (Ha) states that the mean number of customers making a purchase is lower for days following no advertising compared to days following advertising.

Step 2: Test Statistic

To compute the test statistic, we use the formula:

t = (mean1 - mean2) / sqrt((s1^2/n1) + (s2^2/n2))

where mean1 and mean2 are the sample means, s1 and s2 are the sample standard deviations, and n1 and n2 are the sample sizes.

Substituting the given values into the formula, we get:

t = (23.9 - 24.7) / sqrt((1.9^2/13) + (1.6^2/6))

 ≈ -1.111

Step 3: Conclusion

To determine if the test statistic is statistically significant, we compare it to the critical value from the t-distribution table at the 0.01 level of significance. If the test statistic is less than the critical value, we reject the null hypothesis in favor of the alternative hypothesis.

Learn more about statistic value

brainly.com/question/28486320

#SPJ11

Choose the best answer
9. Prospecting and qualifying of the personal selling technique involves: A. Efficiently selling the existing customers
B. Gathering information on purchasing power, authority and willingness to buy
C. Making sales call and persuading the existing customer to buy more
D. Making effective communication
E. All of the above
10. Which of the following statement is/are true?
A. Under basic marketing the sales person simply sells the product
B. Under reactive marketing the sales person in addition encourage the buyer to call
C. Under partnership marketing the company continuously works with customers to perform better
D. All except C
E All of the above
11. Which of the following is/ are incorrect.
a) Under the market oriented marketing philosophy, customer needs and desires acts as the center of the marketing universe. b) The outcome of relationship marketing is the development of company asset called marketing network.
c) Using concentrated marketing, a firm decides to target several market segments and designs separate offers for each.
d) A and B
e) B and C
12. Identify the correct statement(s).
a) Concentric diversification is using new products that have technologically similar with the existing business.
b) Market development strategy is a strategy for company growth by offering modified or new products to current market segments.
c) The selling concept of marketing management philosophy focuses on sustained economic growth.
d) Social marketing concept of marketing management philosophy states that organizations must maintain the welfare of the society while producing their products and services.
13. Which of the following is the correct sequential step in the buying decision process?
a) Need recognition Information search Evaluation * Purchase decision Post purchase behavior
b) Need recognition Information search Purchase decision * Evaluate alternative Post purchase behavior
c) Need recognition * Evaluate alternative Information search Purchase decision Post purchase behavior
d) None of the above
14. In which market coverage strategy a firm ignores market segment differences and go after the whole market with one offer.
a) Differentiated marketing
b) Undifferentiated marketing
c) Concentrated marketing
d) A and B
e.A and C
15. Identify the wrong statement(s) about the Boston Consulting Group (BCG) growth- share matrix.
a) Cash cows are low growth, high share businesses or products
b) Dogs are low-share business units in high-growth markets
c) Stars are high growth, high market share businesses or products
d) Question marks are low share business units in high growth market. e) None of the above​

Answers

B. Gathering information on purchasing power, authority, and willingness to buy.E. All of the above.C. Using concentrated marketing, a firm targets several market segments and designs separate offers for each.B. Market development strategy offers modified or new products to current market segments.A. Need recognition, Information search, Evaluation, Purchase decision, Post-purchase behavior.B. Undifferentiated marketing ignores market segment differences and targets the whole market with one offer.D. Question marks are low-share business units in high-growth markets, not low-share units in high-growth markets.

1. The correct answer is B. Gathering information on purchasing power, authority, and willingness to buy. Prospecting and qualifying in personal selling involve identifying potential customers (prospects) and evaluating their suitability as potential buyers based on factors such as their purchasing power, authority to make buying decisions, and willingness to buy.

2. The correct answer is E. All of the above. Under basic marketing, the salesperson focuses on selling the product, while under reactive marketing, the salesperson encourages the buyer to initiate contact. Partnership marketing involves continuous collaboration with customers to improve performance. Therefore, all statements (A, B, and C) are true.

3. The correct answer is C. Using concentrated marketing, a firm decides to target a specific market segment and designs separate offers for each segment. The statement in option C incorrectly suggests that concentrated marketing involves targeting several market segments, which is inconsistent with its definition.

4. The correct answer is B. Market development strategy is a strategy for company growth by offering modified or new products to current market segments. Option A describes related diversification, not concentric diversification. Option C is incorrect as the selling concept of marketing management philosophy focuses on maximizing sales rather than sustained economic growth. Option D correctly describes the societal marketing concept.

5. The correct answer is A. The sequential steps in the buying decision process are: 1) Need recognition, 2) Information search, 3) Evaluation of alternatives, 4) Purchase decision, and 5) post-purchase behavior.

6. The correct answer is B. Undifferentiated marketing. Undifferentiated marketing strategy ignores market segment differences and targets the whole market with a single offer. Differentiated marketing involves targeting different market segments with separate offers, and concentrated marketing focuses on a specific market segment. Therefore, option B is the correct answer.

7. The correct answer is D. Question marks are low-share business units in high-growth markets, not low share business units in high growth markets as mentioned in option D. Cash cows are low-growth, high-share businesses, dogs are low-share business units in low-growth markets, and stars are high-growth, high-market-share businesses. Therefore, option D is the wrong statement.

For more questions on the purchasing power

https://brainly.com/question/29428111

#SPJ8

Which is likely to advance his/her career?

A. Ogden follows his boss’s instructions completely

B.Sue dresses well and is humble

C. Eddy attends as many technical trainings and seminars as possible

D. Mel is very punctual and hardly takes any leave

Answers

Answer:

C

Explanation:

Eddy attends as many technical training and seminar as possible

Answer:

The answer is C.) Eddy attends as many technical training's and seminars as possible.

Explanation:

I took the test and got it right.

Replacing old equipment at an immediate cost of $ and an additional outlay of $ years from now will result in savings of $ per year for years. The required rate of return is % compounded . Compute the net present value and determine if the investment should be accepted or rejected according to the net present value criterion. 120,000 10,000 five 24,000 9 12 annually The net present value of the project is $ . ) i need the all steps to be mentioned properly.

Answers

The net present value (NPV) of the project is approximately -$22,907.70. This means that the project is not expected to generate enough value to meet the required rate of return.

To calculate the net present value (NPV), we need to discount the cash flows associated with the project to their present values and then subtract the initial investment.

Step 1: Calculate the present value (PV) of the savings per year for the specified number of years.

PV of savings per year = $24,000 / (1 + 0.09)^1 + $24,000 / (1 + 0.09)^2 + ... + $24,000 / (1 + 0.09)^5

Using the formula for the present value of an annuity, PV = A * [(1 - (1 + r)^(-n)) / r], where PV is the present value, A is the annual cash flow, r is the discount rate, and n is the number of periods:

PV of savings per year = $24,000 * [(1 - (1 + 0.09)^(-5)) / 0.09] = $91,664.75

Step 2: Calculate the NPV by subtracting the initial investment from the present value of savings.

NPV = PV of savings per year - Initial investment

NPV = $91,664.75 - $120,000 = -$28,335.25

Step 3: Adjust the NPV by discounting the additional outlay occurring in the future.

Adjusted NPV = NPV / (1 + 0.09)^2

Adjusted NPV = -$28,335.25 / (1 + 0.09)^2 = -$22,907.70

Since the NPV is negative (-$22,907.70), the investment should be rejected according to the net present value criterion.

To know more about return click the link below:

brainly.com/question/32493906

#SPJ11

Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?

Donald is a business development executive in a big retail company based in Omaha. His company now wants

Answers

Answer:

C. Agent

Explanation:

Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert

a) how many pairs of sunglasses (in thousands) should be sold to maximize profits? (if necessary, round your answer to three decimal places.)

Answers

100(in thousands) pairs of sunglasses should be sold to maximize profits.

Profit maximization in economics refers to the short- or long-term process through which a firm chooses the prices, input levels, and output levels that will produce the largest feasible total profit.

The profit function is given as \(P_{q} = -0.02q^{2} + 4q -20\)

where q is the quantity of sunglass production and sales in thousands of pairs. P(q) represents the total profit in dollars.

By differentiating the above equation and equating it to zero, the point of maximum can be found.

P'(q) = - (2)0.02q + 4 - 0 = 0

⇒ - 0.04q + 4 = 0

⇒ - 0.04q = - 4

⇒ q = 100

Hence, to optimum income, 100 pairs of sunglasses (in thousands) should be sold.

For more questions like Profit click the link below:

https://brainly.com/question/13768498

#SPJ4

An employee
is compensation you receive from your employer over
and above your income.
O A. salary
OB. withholding
OC. benefit
OD. wage

Answers

C. Benefit. This could be in a monetary bonus or a gift or physical bonus
Other Questions
Imagine Mr. Q lived in the late 1800s (he might have and was thinking of moving west. What are four questions he would ask a homesteader in the Dakotas to determine if he would like to move there? If (x 3)2 = 5, what values of x make the quadratic equation TRUE?. vacant land adjustments have to be made for differences in _ A group of small local businesses have joined together to share access to a cloud-based payment system. Which type of cloud is most likely being implemented? The value of Example Corporation (EC) is either 120 with a 90% chance (good state) or 70 with a 10% chance (bad state). ECs face value of debt is 100. A new investment project arises that pays 40 in the good state and 45 in the bad state. It requires 39.3 upfront, which is financed with junior debt. Junior debt is subordinated to senior debt. Assume an opportunity cost of capital equal to zero.a. Find the projects expected net present value.b. Complete the following table to determine whether shareholders would want to implement the new investment project.Payoffs with risky projectPayoffs without risky projectGood state(90% chance)Bad state(10% chance)Exp. valueGood state(90% chance)Bad state(10% chance)Exp. valueTotalSenior debtJunior debtEquity A wonderful time was being had by everyone at the party.Which revision changes the sentence's verb from passive voice to active voice Select the correct answer. a 30 ml sample of 0.15m hydrazine (kb =1.3x10-6) is being titrated with 0.2m hclo4. what is the ph after adding 11.25 ml of acid? please hep me its for my journalism class but..i just put it as English cuz its closer to no other subject...What role does a newspaper play in society? The role that a newspaper plays in society is How do the elements of a magazine work together to create a complete package?How did the Serial podcast continue the tradition of the golden age of radio?What is the New York Times doing to try to keep up with digital technology?How are satellite radio, Internet radio, and podcasting different? Use a standard inch ruler to answer each question. Then, write a multiplication equation and a division equation that answer the question. a. How many s are in 7? b. How many s are in 6? c. How many s are in? You are Somita Roy/ Maheh Babu, the librarian of ABC School, New Delhi. Write a letter to the Unique Book Co. , New Delhi, complaining about the poor quality of book upplied to your librarycomplaint letter Let K be the set of all constant polynomials in Z[x]. Prove that K is a subring but not an ideal in Z[x]. Why did the Romans ultimately decide to destroy Carthage? The period of adolescence is lengthening in industrialized cultures such as in Europe, the U.S., and Australia. Adolescents are taking more time to finish their education and establish careers. The average age for a first marriage in the U.S. has increased more than four years since 1960, to _______ for men and _______ for women. For sensitive data transmission, the investigator should include a _____ in the consent process stating that every attempt will be made to protect information but cannot be guaranteed. a) separateb) disclosure c) contract d) signature request Proud Mary has grown since its inception in 2009 and is now considering the next stage of its development. Leon Kennedy, the General Manager, has charged you with performing a basic strategic analysis of the business. Use one of the following tools to undertake the analysis PESTEL or SWOT or Porters 5 Forces. Using your selected tool analyse how Proud Mary may best position its resources to achieve both its desired economic and social objectives (i.e. balancing profits with doing good). PLEASE HELP5.If t= -3, then 3t^2 +5t +6 equalsA. -36B. -6c. 6 D. 18 Kate has 10 different types of flowers but she wants to make a floral arrangement with only 7 of them. How many possible flower arrangements are there helppppp ASAAPPPPPP two sides of a parallelogram are 5.8m and 8.2m long. Find the perimeter