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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
What is a extent decision?
A decision regarding how much or how many of a product to produce.
What is the difference between a domain price and a regular price?
A domain price is how much the product is actually worth including cost to produce. A regular price is how much the retailer decides to price the product at.
How does a monopolist decide how much product to make?
A monopolist decides how much product to produce by determining the profit-maximizing output level, where marginal cost (MC) equals marginal revenue (MR). Unlike firms in competitive markets, a monopolist faces a downward-sloping demand curve, meaning it can influence the market price by adjusting production levels. The monopolist will produce less than the socially optimal quantity, leading to higher prices and reduced consumer surplus compared to competitive markets. Ultimately, the goal is to maximize economic profit rather than total output.
What is a system in which any person can start a business and decide what to make how much to produce and what price to charge?
A system in which any person can start a business, decide what to make, how much to produce, and what price to charge is known as a free market economy. In this system, the forces of supply and demand primarily determine prices and production levels, allowing individuals the freedom to pursue entrepreneurial ventures. This promotes competition and innovation, as businesses strive to meet consumer needs and preferences.
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
What are the major problems faced in benefits management?
Some of the basic problems faced by management are 1: How to produce a qualitative product: This is the first problem faced by management that what is to produce, how much to produce and where to be produce. And the organization has to decide either they have to produce different products or to emphasis on one product. 2: How to deal the labour union: The labour is the group of people working for the betterment of the employees working in the organization. The management has to decide that how to full fill the demands of the labour union in respect of salaries, bonuses, insurance, medical allowances, fringe benefits etc. 3: How to compete in the market: Various decisions for example how to charge the price, how to place the product, how to promote the product has to be taken by the management and they try to solve these problems in a best manner. 4: How to utilize the organization resources: The management made various decisions about the organization resources that is man, money, material, machinery, market and methodology. 5: To avoid stick out situation: Stock out situation is that situation when the customer demands for the product and the company has no product at that time. The management has to decide how to tackle this problem.
What is a extent decision?
A decision regarding how much or how many of a product to produce.
How much does a Playstation Kinect cost?
Kinect is a Microsoft product and is currently only available for their Xbox 360 console
What is understocking?
Understocking involves supply and demand. When a company that produces a product understocks, this means that they produce less of the product than is in demand by consumers. In theory, this could be used to increase the demand of the product, therefore increasing the amount that a company can charge for the product. A company's goal is to produce enough of a product to meet, or only slightly less than meet the demand of said product. too much understocking, and the company doesn't sell enough of the product, and they lose money. If they produce too much of the product, than they don't sell their inventory, and prices go down, thus losing money.
Why did Ray Ozzie leave Microsoft?
Microsoft Chief Software Architect Ray Ozzie left Microsoft after a little more than five years. He was never given direct control of any product group. He didn't really have much influence on any product or team (they weren't required to listen to his advice). It was probably boredom and lack of influence that led him to leave.
What is the difference between a domain price and a regular price?
A domain price is how much the product is actually worth including cost to produce. A regular price is how much the retailer decides to price the product at.
How much cost that can be consumed by the company to produce high quality product?
All the cost belong to you, for great justice.
What are the factors that influence marketer's pricing strategies?
How much does it take to produce the product? What kind of profit margin is there? How do we want to position the product in the marketplace? Bargain? Value? Premium?
Will this scanner also copy?
Although this product isn't called a copier, it works much like one and can produce copies of the images it scans.
How does a monopolist decide how much product to make?
A monopolist decides how much product to produce by determining the profit-maximizing output level, where marginal cost (MC) equals marginal revenue (MR). Unlike firms in competitive markets, a monopolist faces a downward-sloping demand curve, meaning it can influence the market price by adjusting production levels. The monopolist will produce less than the socially optimal quantity, leading to higher prices and reduced consumer surplus compared to competitive markets. Ultimately, the goal is to maximize economic profit rather than total output.
How much 3600 Microsoft points cost?
3600 Microsoft points cost £31.87
