Which of the Following Functions Yields the Shape Shown Below

question 25

Multiple Choice

Which of the following functions yields the shape shown below? ​

• A)f(X,
• Y) = X² + Y²
• B)f(X,
• Y) = Xsin(2π
• Y) + Ysin(2π
• C)f(X,
• Y) = -X² - Y²
• D)f(X,
• Y) = Xsin(5π
• X) + Ysin(5π

Understand the criteria for forming market segments including the need for differences among segments and similarities within segments.

Recognize the importance of linking customer needs to marketing actions in the process of segmenting and targeting markets.

Identify the reasons and benefits of market segmentation for businesses.

Distinguish between various bases of market segmentation including demographic, geographic, psychographic, and behavioral.

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Definitions:

Profit-maximizing Output

The level of production at which a firm achieves the highest possible profit, determined where marginal revenue equals marginal cost.

MC > P

A situation where the marginal cost of producing an additional unit is greater than the price at which it can be sold, suggesting that production should be decreased.

Pure Monopolist

A firm that is the sole seller of a product or service in a market, without any close substitutes, possessing significant market power.

Profit-maximizing Output

The level of production at which a firm can achieve the highest possible profit, determined by where marginal cost equals marginal revenue.