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The general willingness of firms to produce and sell a product at various prices is?
Wiki User
∙ 9y ago
The general willingness of firms to produce and sell a product at various prices is known as supply.
Wiki User
∙ 9y ago
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What does a supply schedule show in a table format?
a list of the amount of a product that producers are willing to produce at various market prices
How advertising increases demand of product?
It persuades people to buy that product by informing them about it rhough various media. It persuades people to buy that product by informing them about it rhough various media.
Define supply and supply schedule?
It is a table that lists of the amount of a product that producers are willing to produce at various market prices. It shows the relationship between price and quantity supplied for a specific good.
What is Multiple Product Pricing?
Almost all the firms have more than one product in their line of production. Even the most specialized firms produce a commodity in multiple models, styles and size, each so much differentiated from the other that each model or size of the product may be considered a different products e.g. the various models of television, refrigerators etc produced by the same company may be treated as different product for at least pricing purpose. The various models are so differentiated that consumers view them as different products. Hence each model or product has different average revenue (AR) and Marginal Revenue curves and that one product of the firm concepts against the other product. The pricing under this condition is known as multi-product pricing or product line pricing . In multi-product pricing , each product has a separate demand curve . But, since all of them are produced under one organization by interchangeable production facilities, they have only one inseparable marginal cost curve. That is, while revenue curves, AR and MR, are separate for each product, cost curves AC and MC are inseparable.
How is the gross national product derived from the gross domestic product?
The gross national project is derived from the gross domestic product because various domestic products brought together is what is used to create the gross national project.
The general willingness of consumers to purchase a product at various prices is .?
Demand is the general willingness of consumers to purchase a product at various prices.
What does a supply schedule show in a table format?
a list of the amount of a product that producers are willing to produce at various market prices
Which companies produce Digital Camera Binoculars?
Various companies produce the product of Digital Camera Binoculars. Some companies on online sites are known as Binoculars, Adorama, and Digital Cameras.
Which product label contains cupric sulfate?
A product label that is known to contain copper sulfate is general pesticide. Copper sulfate is best known to kill weeds, fungi, and various types of bacteria.
What product of Crete provided a major source of wealth to its inhabitants in antiquity?
In antiquity, Crete made it's wealth from the various produce grown on the island. Various types of fruit were grown, olives and other food stuffs. Due to their location in the Mediterranean Sea, they were at a crossroads for sea trade to sell this produce.
What does general lees invasion of the north suggest about his qualities as a general and a leader?
During the American Civil War, General Robert E. Lee's attempted invasions of the North in 1862 and 1863 suggest various things about his qualities as a leader and general. Above all, they demonstrate his willingness to take risks for the sake of great rewards: one may not succeed where the risk is high, but if one does then victory becomes all the more achievable.
What are the products formed when products react with acid?
In general, when an acid and a base react, the product is water and salt. There are various different compounds which include the hydroxide radical, so in the situation which you describe, there are various possible types of salt which can result.
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 are the various factors that affect the pricing of a product?
the pricing of a product is largely depended on the two main factors : - 1. Internal like cost of production profit margin etc 2. External like type of market, general economic conditions, competitors, nature of the product etc.
How advertising increases demand of product?
It persuades people to buy that product by informing them about it rhough various media. It persuades people to buy that product by informing them about it rhough various media.
What are the products formed when stomach acid reacts with hydroxide?
In general, when an acid and a base react, the product is water and salt. There are various different compounds which include the hydroxide radical, so in the situation which you describe, there are various possible types of salt which can result.
Why is it necessary for a producer to look at various options before he produces?
CostOne needs to look at various options such as:Is it less expensive to produce all items of production in house or is it more cost effective to purchase some of the items and produce others (vertical integration)What are the competitors in the market and what differentiates this product. Do you want to have a high quality product sold at a premium price or do you want to have a lower quality product that can be sold at the same price or slightly lower than your competitors. That is, you want to create yourself a competitive advantage when making your production decisions.What locations can one produce at and have the lowest possible costsAnd many others...
