Log in
Economics
1
answer
0
watching
50
views

Many factors that impact our marketing efforts, are out of our control. Please provide an example of an external factor that had an impact on an organization. Please tell us if it was a positive or negative impact.

Watch
1
answer
0
watching
50
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Give an example of a situation in which outsourcing had a positive impact on an organization or country or one in which outsourcing had a negative impact on the organization or country.

Unit 7/8 Assignment

Amazon.com

Amazon.com has had a colossal impact on competition in the retail market. Consider the supply and demand of our current marketplace. Is Amazon simply meeting a demand? Does the consumer public understand the impact of their demand?

Fast forward 50 years, what will the retail landscape look like? What is the large scale economic impact of the direction demand is taking us in? Offer conclusive remarks for or against progress in this direction from an economics perspective.

Some questions you might look at are:

What is the role of price in a market economy?

How has price elasticity influenced the retail market?

How has online shopping impacted other components of the retail chain such as shipping?

The final report should be submitted in APA format, should not exceed 7 pages and should incorporate the critical vocabulary used in this course.

please do not write can not read the writing so please type and no plagiarzing please

PLEASE PLEASE IM CRYING OUT I NEED AN ANSWER IT IS AN EMERGENCY ITS BEEN TWO WEEKS SINCE I M LOOKING FOR AN ANSWER I WILL RATE AS LIFESAVER I NEED SOMEONE WHO KNOWS ABOUT MICROECONOMICS HELP PLEASE I WILL RATE 750 I HAVE MY WORD PLASE GUYS REACH OUT TO ME I NEED AN HERO NOW.....

It is stated that we always produce where Marginal Cost (MC) equals Marginal Revenue (MR) because that is where our Profit Maximizing (or Loss Minimizing) point is.

  1. Tell me why we always produce where MC=MR, what would we do if MC is less than MR (i.e. increase or decrease production and why), and what we do if MC is greater than MR (i.e. increase or decrease production and why).
  2. Tell me why in a Perfect Competition Model MR is equal to the price but in a Monopoly and a Monopolistic Model MR is less than price.
  3. In a Monopoly and a Monopolistic Model we just said MR is less than price. Then if we are a producer and have found out how much to produce to maximize profit how do we determine what price to sell our product?
  4. Once we find our Profit Maximizing point, and determined our price and how many to produce, how do we determine if we are making a profit or making a loss?

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in