0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What type of economy is it when people decide what to produce how much of it to produce and how much to charge for the product?
Free/market economy
How does Microsoft decide how much product to produce?
I would have to say by consumer demand. If we dnt want it then they ain't gonna make us none. Plus they do buttloads of survey studies and such. Hope this helps.
Why do companies practice price discrimination?
Price discrimination is based on the idea that each customer has his or her own maximum price he or she will pay for a good. If a monopolist sets the good's price at the highest maximum price of all the buyers in the market, the monopolist will only sell to the one customer willing to pay that much. If the monopolist sets a low price, the monopolist will gain a lot of customers, but the monopolist will lose the profits it could have made from the customers who bought at the low price but were willing to pay more. Price discrimination recognizes that groups of consumers are willing and able to pay different amounts for a good. (gradpoint)
How does the relationship between marginal benefit impact producers?
It helps producers decide how much of a good to make.
What is the role of buyers and sellers in determining market clearing prices?
The sellers will determine how much they want the product to cost to make it worth producing. Buyers will determine how much they will spend on the product.
What type of economy is it when people decide what to produce how much of it to produce and how much to charge for the product?
Free/market economy
How does a factory in Mexico decide how much of the product to make?
Mexico has a free market economic system, so the most common way of planning production is through supply and demand.
How much does the president of Ohio state make?
he decide to make axceptions
Why do you think companies are concerned about how much money it cost to make a product?
why are companies concerned about how much a product cost to make
How does Microsoft decide how much product to produce?
I would have to say by consumer demand. If we dnt want it then they ain't gonna make us none. Plus they do buttloads of survey studies and such. Hope this helps.
How much do inventor's make?
it depends on the product they make if its useful
Why do companies practice price discrimination?
Price discrimination is based on the idea that each customer has his or her own maximum price he or she will pay for a good. If a monopolist sets the good's price at the highest maximum price of all the buyers in the market, the monopolist will only sell to the one customer willing to pay that much. If the monopolist sets a low price, the monopolist will gain a lot of customers, but the monopolist will lose the profits it could have made from the customers who bought at the low price but were willing to pay more. Price discrimination recognizes that groups of consumers are willing and able to pay different amounts for a good. (gradpoint)
Why do companies practice discrimination?
Price discrimination is based on the idea that each customer has his or her own maximum price he or she will pay for a good. If a monopolist sets the good's price at the highest maximum price of all the buyers in the market, the monopolist will only sell to the one customer willing to pay that much. If the monopolist sets a low price, the monopolist will gain a lot of customers, but the monopolist will lose the profits it could have made from the customers who bought at the low price but were willing to pay more. Price discrimination recognizes that groups of consumers are willing and able to pay different amounts for a good. (gradpoint)
How do you decide which field of medicine to practice?
Decide who you most want to help, what can you handle, what interests you, and how much money do you want to make.
How do decide which field of medicine to practice?
Decide who you most want to help, what can you handle, what interests you, and how much money do you want to make.
How much does a Hustler make?
Depends on how good his product is and how much he wants to push it.
How much does a product specialist at Neiman Marcus make?
A product speacialist at Neiman Marcus does not make any money as he does not work in a mint. But if you are interested in how much money he earns then unfortunately I cannot answer this question.
