This topic contains a solution. Click here to go to the answer

Author Question: Firm X owns both tea and coffee plantations. It sells directly to the public. If the firm wants to ... (Read 129 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
Firm X owns both tea and coffee plantations. It sells directly to the public. If the firm wants to increase the sales for the coffee, assuming that tea and coffee are substitutes, which of these strategies can it employ?
 a. Increase the price for the tea
 b. Offer free expedited shipping on the coffee
  c. Advertise the tea more heavily
 d. Both A&B

Question 2

Half of all your potential customers would pay 16 for your product but the other half would only pay 10 . You cannot tell them apart. Your marginal costs are 4 . If you set the price at 10, the expected profit is:
 a. 3
  b. 4
  c. 5
  d. 6



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sabina576

  • Sr. Member
  • ****
  • Posts: 356
Answer to Question 1

d

Answer to Question 2

d




LaDunn

  • Member
  • Posts: 526
Reply 2 on: Jul 1, 2018
Wow, this really help


Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

For a complete list of videos, visit our video library