A cartel is when a group of companies illegally work together and essentially create a monopoly in order to increase prices and their profits.
Answer:
The marginal cost of producing the 25th speedboat is 18,575.
Explanation:
Note that the given Leisure Enterprise’s total cost (TC) of producing speedboats is correctly stated as follows:
TC = 10Q^3 - 4Q^2 + 25^Q + 500 …….………….. (1)
Where Q represents the quantity of speedboats produced.
To obtain the marginal cost (MC) of producing speedboats, equation (1) is differentiated with respect to Q as follows:
MC = dTC/dQ = 30Q^2 - 8Q + 25 ………………… (2)
Finding the marginal cost (MC) of producing the 25th speedboat implies that Q = 25.
Substituting Q = 25 into equation (2), we have:
MC = (30 * 25^2) - (8 * 25) + 25 = 18,575
Therefore, the marginal cost of producing the 25th speedboat is 18,575.
Answer:
$600 loss
Explanation:
A call option is defined as a contract that exists between ba buyer and seller of a call option to exchange securities held at a particular price within a specific period.
To calculate the profit realised on the investment
Profit from call option= (150- 139) * 100
Profit from call option= $1,100
Profit from premium= 17 * 100
Profit from premium= $1,700
Profit on investment= Profit from call option - Profit from premium
Profit on investment = 1,100 - 1,700 = -$600
So there is a loss of $600
Answer: Manufacturer develops mutual effort and cooperation in the development and implementation of promotional strategies by working directly with members to develop strong and viable promotional support.
Explanation:
In a push strategy the manufacturer develops mutual effort and cooperation in the development and implementation of promotional strategies by working directly with members to develop strong and viable promotional support.
In a push strategy, the firm takes it's products to the consumer. The aim of this is for the product to gain much exposure than it already has and attract more sales. Other sales channels are bypassed in the scenario, leaving just the producer and the customer. Advertisment is one of the greatest promotional tool for push strategy.
The study of the interaction between individuals and businesses is known as microeconomics.
<h3>What is microeconomics?</h3>
Microeconomics refers to the study of an individual, households the behavior of the firms or organizations in the process of decision making and resources allocation.
It is the study of the outcome, what will come out when an individual changes his or her choices in the response of change in the price, resources and production method.
Basically, microeconomics examines how a firm can maximize its production by minimizing its price for better competition.
Learn more about the microeconomics here:-
brainly.com/question/13120341
#SPJ1