Because of the perceived downward sloping nature of a monopolist’s demand curve, the monopolist will charge a relatively low price at a<u> high level of output.</u>
<h3>What is demand curve?</h3>
Demand curve can be defined as a curve that help to show the relationship between the quantity of a product that is demanded and the price of the product at a specific period of time.
Hence, , the monopolist will charge a relatively low price at a high level of output based on the fact that in a situation where monopolist increases its output, he will tend to get a price.
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Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Collaborative and co-operative approach among all the stake holders is important. This is a feature of the Dynamic system development method of agile methodology.
<h3>What is collaborative approach?</h3>
A collaborative learning approach can be described as one which involves the operation of the activities or tasks together within a group or organization so as to make sure that everyone participates.
It should be noted that Collaborative and co-operative approach among all the stake holders is important because it help them to work , hand in hand for the progress of the organization.
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Answer:
The variable costing unit product cost was <u>$69.</u>
Explanation:
Variable Product Costing is a situation whereby only the variable costs of production is taking into account to estimating the cost per unit of a product. This implies that none of the fixed cost will be included in the cost of the product.
Based on the explanation above, the variable costing unit product cost to produce a single product by Kray Inc. can be calculated as follows:
Kray Inc.
Calculation of Variable Costing Unit Product Cost
<u>Particulars Amount ($) </u>
Direct materials 40
Direct labor 19
Variable manufacturing overhead 8
Variable selling and administrative expense <u> 2 </u>
Variable cost per unit <u> 69 </u>
Therefore, the variable costing unit product cost was <u>$69.</u>
A marketing leaders adopts a service-dominant logic as guiding principle when there is shift in balance from tangible goods to intangible services.
<h3>What is
service-dominant logic?</h3>
This logic refers to a perspective which introduces a new method for articulating an alternative view of exchange and value creation in the markets.
In conclusion, sometimes, a marketing leaders adopts a service-dominant logic as guiding principle when there is shift in balance from tangible goods to intangible services.
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