After the practice being in existence for almost 5 years, Dr. Tyrone Jones Pouzar hired a market research company to analyze his market share and tell him which groups of customers were the most profitable to his group practice. Tyrone will probably use the results of this research to:

It is likely that he will use the results of this research to create strategies that will improve his business management and results.

Explanation:

The results of Tyrone's company's market research will promote great strategies for his business that will optimize results and allow the entrepreneurial work to be extremely profitable. Among these strategies, we can consider that Tyrone will know its customers better and will be able to adjust the prices of products according to the opinion and standard of customers. It will also be able to adjust the offer of these products, according to the adjustment of prices and customer demand. In addition, the research will be useful for Tyrone to determine the market segments he should follow and for him to adjust his positioning strategies.

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.

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