Sara has found an unlimited source of catnip so that is no longer a constraint. However, customer demand dictates that she produce 2.5 times more catnip balls than mice. How will this impact the prices that she should charge to maximize profit?
What will be an ideal response?
Answer: There is no impact. Prices remain the same. Note: The optimal quantities are 750 balls and 300 mice for a profit of $4050.
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a. Category b. Consequences c. Relevancy d. Impact
A major advantage of dealer brands is that the intermediary usually earns a better margin than the intermediary would earn with manufacturer brands.
Answer the following statement true (T) or false (F)
Because of the perceived objectivity of the source, which element of the promotional mix is usually regarded as most credible?
A. publicity B. advertising C. packaging D. direct marketing E. sales promotion
In a(n) ____________________ experiment, the probability of a success in an interval is the same for all equal-sized intervals
Fill in the blank(s) with correct word