Question
Explain please, thank you very much Marewood Airlinces is known for offering cut-rate promotional fares to build customer awareness, increase market share and boost revenues
Explain please,
thank you very much
Marewood Airlinces is known for offering cut-rate promotional fares to build customer awareness, increase market share and boost revenues in new markets.Would you expect total revenue to increase?Why or why not?
Caloy's restaurants do the bulk of their business at lunchtime, but have found that promotionally-priced meals at breakfast and dinner make a significant profit contribution.Does the success of Caloy's restaurants in this regard reflect an effective application of the marginal profit concept or the incremental profit concept?Explain.
Holding all else equal, indicate how each of the following changes would affect a budget constraint that limits consumption of goods (Y) and services (X).
Deflation that uniformly drops the price of all goods and services.
Inflation that consistently increases the price of all goods and services.
Technical change that reduces the price of goods, but leaves the price of services unchanged.
Economic growth that boosts the level of disposable income
Government-mandated health care coverage for workers that boosts the price of goods by 3% and increases the price of services by 5%.
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