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Author Question: Microsoft hires marketing and sales specialists to decide what prices it should set for its ... (Read 71 times)

lbcchick

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on: Jun 29, 2018
Microsoft hires marketing and sales specialists to decide what prices it should set for its products, whereas a wealthy corn farmer in Iowa, who sells his output in the world commodity market, does not. Why is this so?
 
  A) because unlike Microsoft, the wealthy corn farmer is probably a monopolist
  B) because the wealthy corn farmer is a price taker who chooses his optimal output independently of market price but Microsoft's optimal output depends on the price it selects
  C) because Microsoft could potentially lose sales if it sets prices indiscriminately
  D) because Microsoft is large enough to hire the best people in the field

Question 2

Refer to Figure 12-6. Which of the following statements is true?
 
  A) Jason should produce where MC equals 3 (point d) where he will minimize his losses.
  B) Jason cannot earn a profit from selling any number of apples.
  C) Jason should produce where MC equals 3 (point d) where he will maximize his profit.
  D) Jason should produce where the distance between MC and his demand curve is greatest (point b).
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IRincones

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lbcchick

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Reply 2 on: Jun 29, 2018
:D TYSM

kishoreddi

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Reply 3 on: Yesterday
Wow, this really help

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