Question: Please help me with my task, urgent l. The customer's value of a product (or service) is * Is the sum of money the consumer

Please help me with my task, urgent

Please help me with my task, urgent l. The customer's value of

l. The customer's value of a product (or service) is * Is the sum of money the consumer is used to pay The total difference between the sum of money the for this product (or service) consumer is willing to pay for this product (or service) and the cost of producing this product (or service) ' The amount of money the customer is willing to ' The cost of all resources spent on producing it spend on this product (or service) 2. If the nominal value of revenues from selling consumption goods grows by 5%, and CPI grew by 2%, PPI grew by 3% in the same time period, the real value of revenues grew by approximately 5% ' declined by approximately 3% ' declined by approximately 5% grew by approximately 2% grew by approximately 3% declined by approximately 2% 3. When the price level of the product is such that a 1 % price increase leads to a 0.1% decrease in the number of goods sold, the best way to increase the revenues is to increase the price ' to leave the price unchanged ' to decrease the price ' to set the price to zero 4. Managers commit a xed-cost fallacy when ' they allow overhead costs affect their short run ' they allow depreciation costs affect their short run decisions decisions * they ignore relevant costs in their decisions ' they allow variable costs affect their short run decisions

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