The Demand for Microwaves in a Certain Country Is Given

question 4

Multiple Choice

The demand for microwaves in a certain country is given by: D = 8,000 -30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then this country will ________ microwaves.

• A)import 400
• B)import 800
• C)export 800
• D)export

Recognize different marketing strategies and their strategic importance.

Understand the impact of customer loyalty on firm profitability.

Recognize the importance of addressing uncertainties and risks in marketing plans.

Learn the use and purpose of impact/likelihood matrices in managing marketing risks and developing contingency plans.

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Definitions:

Taxable Income

The amount of income used to calculate how much the government can tax an individual or a company, after all deductions and exemptions have been factored in.

Tax Considerations

Factors related to taxation that must be taken into account when making investment or business decisions.

Vendor

A person or company offering something for sale, especially a trader in the goods market.

Terms

Conditions and stipulations specified in a contract or agreement.