subject
Business, 04.06.2020 20:03 kaylaelaine18

A firm sells 3,000 headphones at a price of $3 per unit. Even though this price is slightly higher than competing brands, the management is considering a further increase in price by 25 cents. The firm plans to focus advertising efforts on superior sound clarity. Rachel, the firm's marketing head, feels confident that a price increase by 25 cents will increase revenue. Industry analysts are of the opinion that even though the revenue is likely to increase, the firm must be careful of rivals who are actively competing for higher market share. Which of the following, if true, would indicate that any increase in price from $3 would reduce the firm's total revenue? (Assume the demand curve is linear.)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 07:30
Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?
Answers: 3
question
Business, 22.06.2019 14:40
Which of the following would classify as a general education requirement
Answers: 1
question
Business, 22.06.2019 22:30
Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce million pairs per week, and the country that produces corn will produce million bushels per week.
Answers: 1
question
Business, 23.06.2019 09:30
Determine the fundamental ways in which the ncaa's ethics program failed to prevent the scandals at penn state, ohio state, and the university of alaska. support your response with one (1) example from each of these schools' scandals. examine the principal ways in which the leadership of the ncaa contributed to the ethical violations of penn state, ohio state, and the university of alaska. support your response with one (1) example from each of these schools' scandals.
Answers: 2
You know the right answer?
A firm sells 3,000 headphones at a price of $3 per unit. Even though this price is slightly higher t...
Questions
question
English, 11.10.2019 19:30
Questions on the website: 13722359