MKTG Mini test 7-9

MKTG Mini test 7-9 - MKTG043101-F10R: Mini test 7

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1 Marks: 1 Choose one answer. a. If prices increase, customers will spend less b. If prices increase, customers will buy less c. If prices increase, customers will buy more d. If prices decrease, customers will spend less e. If prices increase, customers will buy elsewhere 2 Marks: 1 Choose one answer. a. Price b. Expense c. Value d. Barter e. Revenue 3 Marks: 1 Choose one answer. a. $10.50 b. $4.95 c. $5.55 d. $10.25 e. $10.00 4 Mini test 7 Review of attempt 9 Finish review Started on Friday, October 22, 2010, 09:48 AM Completed on Friday, October 22, 2010, 09:53 AM Time taken 5 mins 11 secs Grade 8 out of a maximum of 10 ( 80 %) The law of demand (which is the basis of the demand curve) says? Marks for this submission: 1/1. _________ is what is given up in an exchange to acquire a good or service? 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 marginal profit for the 700th cup? Marks for this submission: 0/1.
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MKTG Mini test 7-9 - MKTG043101-F10R: Mini test 7

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