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1. Demonstrate an understanding of the coordinate system by using it to outline the relationship between economic variables.
2. What is marketing?
3. Explain the concepts of value chain and supply chain?
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- 1. Explain the decisions taken for an individual product.Suppose oil prices rise sharply for years as a result of war in the Persian Gulf region. What happens and why to the demand for each of the following? a. gas-guzzling SUVs.b. Coal. c. Tires. Please answer step by step follow question.Answer must be correct. Don,t copy from anywhere. Write proper answer. Must expain what and why?2. please read instructions. show work. use graph. label. thank you
- Which of the following is NOT one of the advantages of being a first mover? A. A sustainable advantage when there is a high cost involved for customers to switch brands at a later date. B. The economic burden of developing a new market. C. The potential to make a lasting impression on customers, which may lead to brand recognition and brand loyalty. D More time to refine their processes to perfect their products or services.PLEASE CHECK THIS HOW TO SOLVE show steps EXPLAIN BASICS AND CONCEPTSQuestion 1 The success of large hypermarkets in Spain is an example of which of the following in industrialized countries? a.) Size of the average store increases. b.) There are more specialty stores. c.) There are more levels of stores. d.) There are more stores in rural areas. e.) The role of non-retail (peddler, door to door) declines.
- PLEASE CHECK THIS HOW TO SOLVE show steps EXPLAIN BASICS AND CONCEPTS b) how do you know each casesThe next series of questions uses the following table. The table contains 5 columns: Quantity Q, Price P, Total Revenue TR, Total Cost TC, and Total Profit. You are given the numbers for the 1st, 2nd, and 4th columns and must find the numbers for the 3rd column (Total Revenue) and the 5th column (Total Profit). I suggest completely filling out the table on a piece of paper. First, calculate total revenue at a quantity of 2. Quantity Q Price P Total Revenue TR Total Cost TC Total Profit 0 $110 $50 1 $100 $110 2 $90 $150 3 $80 $170 4 $70 $180 5 $60 $210 6 $50 $250 7 $40 $310The next series of questions uses the following table. The table contains 5 columns: Quantity Q, Price P, Total Revenue TR, Total Cost TC, and Total Profit. You are given the numbers for the 1st, 2nd, and 4th columns and must find the numbers for the 3rd column (Total Revenue) and the 5th column (Total Profit). I suggest completely filling out the table on a piece of paper. First, calculate total revenue at a quantity of 2. Quantity Q Price P Total Revenue TR Total Cost TC Total Profit 0 $110 $50 1 $100 $110 2 $90 $150 3 $80 $170 4 $70 $180 5 $60 $210 6 $50 $250 7 $40 $310 Calculate total revenue at a quantity of 6. Using the previous table, calculate total profit at a quantity of 1. Calculate total profit at a quantity of 5. Using the previous table, what is the highest profit possible? Note that this question and the next few questions depend on your ability to accurately find the highest profit possible. So, be very…
- Please write down a sentence or two for each one that explains the concept. Please include any formulas and rules that I should know for every subtopic aside from those two sentences. I am studying for an exam and I want to understand these concepts throughly.Knowledge Thinking Communication Application /2 /4 /4 /4 3. A used car dealership rents 210 cars for $9 a day. They want to increase the price to maximize their profits. They notice that if they increase the price by $1.25 that they have 10 fewer rentals. a. Create an equation for profit for the car dealership rental sales. b. Determine the price of the rental that maximizes profit.The SolarFarm powerplant has both fixed and variable costs. As the plant expands production, it first has constant returns to scale, and then diminishing returns to scale.(b) The government connects SolarFarm to a nearby town that is currently without electricity. Show in a new, large, graph how the market price and quantity of electricity sold change as a result.