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MKTG Mini test 7-8

# MKTG Mini test 7-8 - MKTG043101-F10R Mini test 7...

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1 Marks: 1 Choose one answer. a. A small increase in price will lead to a much larger decrease in sales b. Customers will buy more at higher prices and less at lower prices c. A small increase in price will lead to a much larger increase in sales. d. Customers will buy less at higher prices and more at lower prices e. Customers will buy more at every price point 2 Marks: 1 Choose one answer. a. \$4.70 b. \$10.00 c. \$10.50 d. \$10.25 e. \$5.30 3 Marks: 1 Choose one answer. a. 1663 b. 975 c. cannot be determined with this information d. 1264 e. 3001 Mini test 7 Review of attempt 8 Finish review Started on Thursday, October 21, 2010, 11:42 AM Completed on Thursday, October 21, 2010, 11:50 AM Time taken 7 mins 36 secs Grade 7 out of a maximum of 10 ( 70 %) If the demand curve for a product shifts outward then? Marks for this submission: 1/1. Last year, BruceCo sold 1000 coffee cups for \$10 each. This year, the company is planning on selling 1500 coffee cups. In order to cover the additional investment they will charge \$10.50 for the first 500 cups, \$10.25 for the second 500 cups and \$10 for the last 500. Each cup costs \$4.70 to produce. What is the average revenue? Marks for this submission: 1/1. BruceCo is planning on selling coffee cups for \$9.75 each. The company can buy the cups for \$2.25 and have them printed for \$1.69. The package costs 27 cents. There is a one-time set up charge from the printer of \$700. Advertising expenditures for the project are \$5999 and an insurance policy will cost \$300/year. According to the sales forecasts, there is a maximum demand for this product of

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MKTG Mini test 7-8 - MKTG043101-F10R Mini test 7...

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