This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Microsoft hires marketing and sales specialists to decide what prices it should set for its ... (Read 57 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
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).
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

IRincones

  • Sr. Member
  • ****
  • Posts: 321
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.
Answer Preview
Only 64% of students answer this correctly


lbcchick

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Lilly Martin Spencer’s Young Husband: First Marketing (1854). Note that passers-by are amused at thi Lilly Martin Spencer’s Young Husband: First Marketing (1854). Note that passers-by are amused at thi
Natural Resource Prices, 1850–2010 Natural Resource Prices, 1850–2010
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Jump Right In: Essential Computer Skills Using Microsoft Office 2013 (2nd Edition) Jump Right In: Essential Computer Skills Using Microsoft Office 2013 (2nd Edition)
Marketing Management, 4th Edition Marketing Management, 4th Edition
Video: Chloroplast Structure & Light Dependent Reactions (Photosystem 1 and 2 Cyclic Electron Flow)

For a complete list of videos, visit our video library