Now click on the BACKPACK tab. As you select each design component, you will add to the DESIRABILITY of your backpack and its PRODUCTION COST. Our financial team has asked us to aim for a production cost that is 50% of the retail price. Knowing that the average retail price is around $24, what is a reasonable production cost for a backpack in this segment

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Win goods inc. is a large multinational conglomerate. as a single business unit, the company's stock price is estimated to be $200. however, by adding the actual market stock prices of each of its individual business units, the stock price of the company as one unit would be $300. what is win goods experiencing in this scenario? a. diversification discount b. learning-curveeffects c. experience-curveeffects d. economies of scale

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.