{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

MKTG Mini test 7-13

# MKTG Mini test 7-13 - MKTG043101-F10R Mini test 7...

This preview shows pages 1–2. Sign up to view the full content.

1 Marks: 1 Choose one answer. a. \$4.95 b. \$10.50 c. \$10.25 d. \$10.00 e. \$5.55 2 Marks: 1 Choose one answer. a. 10 b. cannot be determined with this information c. 7 d. 35 e. 25 3 Marks: 1 Choose one answer. a. That price is only one factor people use to determine a product's value b. That for socially consumed goods, price is part of the product. c. That in general, price is the most important component of value. d. That in general, the higher the price, the higher the value of the product e. That in general, people perceive a product with a higher price to be a better product Mini test 7 Review of attempt 13 Finish review Started on Friday, October 22, 2010, 11:20 AM Completed on Friday, October 22, 2010, 11:28 AM Time taken 8 mins Grade 9 out of a maximum of 10 ( 90 %) 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: 1/1. Bruce is planning on selling sandwiches in class for \$5 each. Food costs are \$4. He will also need to buy an insulated cooler to store the sandwiches. This cooler costs \$10. Bruce needs to make a profit of \$25 to make it worth his while. How many sandwiches does

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern