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NEW QUESTION 29
After thorough market research, a company discovers that there are three well-defined customer segments for a new product it plans to release. Customer segment A represents young professionals, who each have a willingness to pay (WTP) of $45. Customer segment B represents college students, who each have a WTP of $25. Customer segment C represents mid-career professionals, who each have a WTP of $100. What price should the company charge for its new product in order to maximize revenues? Assume that each customer segment has the same number of individual customers.

A. $45B. $70C. $25D. $100

Answer: D

Explanation:

 

NEW QUESTION 30
A study was conducted to examine the effect of age, education level, number of minor legal offences, and daily alcohol consumption on annual income.

Which of the following hypothesis tests is NOT conducted in the multiple linear regression output table?

A. A hypothesis test for the significance of all four independent variables on annual incomeB. A hypothesis test for the significance of education level on annual income, provided that age, number of minor legal offenses, and daily alcohol consumption remain constantC. A hypothesis test for the significance of age on annual income, provided that education level, number of minor legal offenses, and daily alcohol consumption remain constantD. A hypothesis test for the significance of annual income on the four independent variables

Answer: D

 

NEW QUESTION 31
What is the main difference between the US Generally Accepted Accounting Principles (US GAAP) and the International Financial Reporting Standards (IFRS)?

A. IFRS is used globally and follows a principles-based approach.B. US GAAP follows a principles-based approach.C. IFRS provides fewer accounting choices to companies compared to US GAAP.D. IFRS is based on a rules-based approach.

Answer: A

 

NEW QUESTION 32
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