Author Question: According to the mini-case on the Barbie Doll, Mattel is successful because A) it has been ... (Read 181 times)

folubunmi · **on:** Jul 1, 2018

According to the mini-case on the Barbie Doll, Mattel is successful because

A) it has been selling Barbie dolls for a long time.
B) the Barbie doll is the top import into the U.S.
C) international trade allows them to produce a wide variety of doll types at many price points.
D) there are low fixed costs for product design.

Question 2

Suppose the Christmas trees market is perfectly competitive. An owner is currently earning a profit of 1,000, the cost of producing and selling an additional Christmas tree is 25, the current market price is 20. The owner

A) should sell more trees.
B) should not sell more trees.
C) should advertise in the market to promote his sales.
D) is not maximizing his profits.