Business, 15.07.2020 01:01 mparra4761
A competitor sells heavy machinery priced at $14,000. Your firm has been working to enter the heavy machinery market and has developed a new product with a marginal cost of $8,500. Your firm new machine is superior to its competitors in some ways and inferior in other ways. Its speed is limited, which reduces the value to customers by $1,000 per engine. However, it requires less maintenance, delivering savings of $3,500 per engine.
Required:
a. What is the reference price for the New Product?
b. What is the differential value of the New Product in comparison to Old Product?
c. What is the total value of New Product?
d. What range would you suggest to marketing for pricing New Product?
Answers: 2
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Nnette henri is paid an hourly wage of $8.90 for a 32-hour workweek of 4 days, 8 hours daily. for any work on the fifth day and on saturdays, she is paid one and one-half times her regular hourly rate. during a certain week, in addition to her regular 32 hours, henri worked 6 hours on the fifth day and 5 hours on saturday. for this workweek, henri’s total earnings are:
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Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs
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