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Business, 31.03.2020 03:49, katelynn73
The state of competition in an industry is a function of: Select one: a. The competitive pressures associated with rivalry among competing sellers to attract customers and their attempt to win buyers over to their substitute products b. Competitive pressures associated with the threat of new entrants into the marketplace c. Competitive pressures associated with the bargaining power of suppliers and customers d. All of these
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Business, 23.06.2019 01:00, robert7248
The monthly demand equation for an electric utility company is estimated to be p equals 60 minus left parenthesis 10 superscript negative 5 baseline right parenthesis x, where p is measured in dollars and x is measured in thousands of killowatt-hours. the utility has fixed costs of $3 comma 000 comma 000 per month and variable costs of $32 per 1000 kilowatt-hours of electricity generated, so the cost function is upper c left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 32 x. (a) find the value of x and the corresponding price for 1000 kilowatt-hours that maximize the utility's profit. (b) suppose that the rising fuel costs increase the utility's variable costs from $32 to $38, so its new cost function is upper c 1 left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 38 x. should the utility pass all this increase of $6 per thousand kilowatt-hours on to the consumers?
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The state of competition in an industry is a function of: Select one: a. The competitive pressures a...
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