Mauve starts a business that specializes in procuring and selling antique items. Her business caters specifically to individuals who have high-income jobs and who like collecting unique artifacts. Mauve does not have much competition and can decide the prices of her products without any external influence. The opportunity of _____ is highlighted in the given scenario.
A. providing personal customer service
B. exploiting market niches
C. using technology
D. having lower overhead costs
Answer: B
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Consider Figure 6.2. The South Korean subsidy ______________ Mexican manufacturers, since their producer surplus ______________ by $______________.
a. helps, rises, $60 b. helps, rises, $100 c. hurts, falls, $60 d. hurts, falls, $100
Captain Stubing runs the LP model associated with the scenario and reads the following about the variable cells in the Excel sensitivity report. Provide an interpretation
Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease $B$2 Bar 12 0 1500 1560 1E+30 $C$2 Food 12 0 5000 1660 1E+30 $D$2 Excursion 24.24 0 17000 1E+30 3458.33333
Develop a linear programming model for LeapFrog's problem situation and determine how many seats LeapFrog should allocate to each ODIF.
LeapFrog Airways provides passenger service for Indianapolis, Baltimore, Memphis, Austin, and Tampa. LeapFrog has two WB828 airplanes, one based in Indianapolis and the other in Baltimore. Each morning, the Indianapolis-based plane flies to Austin with a stopover in Memphis, and the Baltimore-based plane flies to Tampa with a stopover in Memphis. Both planes have a coach section with a 120-seat capacity.
LeapFrog uses two fare classes: a discount-fare D class and a full-fare F class. LeapFrog's products, each referred to as an origin-destination-itinerary fare (ODIF), are listed below with their fares and forecasted demand.
If a professionally managed portfolio consistently outperforms the market proxy on a risk adjusted basis and the market is efficient, it should be concluded that
A. the CAPM is invalid. B. the proxy is inadequate. C. either the CAPM is invalid or the proxy is inadequate. D. the CAPM is valid and the proxy is adequate. E. None of the options are correct.