The quantity of Caribbean cruises demanded decreases, and the demand for Caribbean cruises decreases.
When crime rates increase in Caribbean ports, it creates a negative perception of safety and security for potential cruise passengers. This leads to a decrease in the quantity of Caribbean cruises demanded as people are less likely to choose this destination for their vacation. Additionally, the overall demand for Caribbean cruises decreases as fewer people are interested in booking trips to the region.
The increase in crime rates acts as a deterrent and reduces the attractiveness of Caribbean cruises as a vacation option. As a result, both the quantity of Caribbean cruises demanded and the demand for Caribbean cruises decline.
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true or false: regardless of family income, the fafsa should be completed in order to apply for federal student aid.
The given statement "regardless of family income, the fafsa should be completed in order to apply for federal student aid." is True because fafsa need to be completed however to apply for student aid.
Regardless of family income, completing the Free Application for Federal Student Aid (FAFSA) is necessary to apply for most types of federal student aid. The FAFSA is used to determine a student's eligibility for grants, loans, and work-study programs offered by the federal government to help pay for college or career school.
The FAFSA is used by the federal government, states, and colleges to determine a student's Expected Family Contribution (EFC), which is the amount of money the student and their family are expected to contribute towards their education.
Even if a student's family income is high, they may still be eligible for some types of aid, such as unsubsidized loans. Additionally, some colleges use the FAFSA to determine eligibility for their own institutional aid programs.
Completing the FAFSA is a crucial step in the financial aid process and should be done as soon as possible after October 1st of each year. Students should also be aware of any state-specific deadlines for submitting the FAFSA, as well as any additional forms or documentation required by their college or university.
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Suppose a University has an endowment of 42 million dollars placed in a bank account earning a real rate of interest (nominal rate of interest - inflation) of 2% per year. What is the maximum amount of annual withdrawal a university can make to sustain the real value of its endowment?
To calculate the maximum amount of annual withdrawal a university can make to sustain the real value of its endowment, we need to consider the concept of real interest rate.
Real interest rate is calculated by subtracting the inflation rate from the nominal interest rate. In this case, the nominal interest rate is 2% and let's assume the inflation rate is 1%. Therefore, the real interest rate is 1%.
To sustain the real value of the endowment, the university needs to ensure that its withdrawals do not exceed the real rate of return. If the university withdraws more than the real rate of return, the purchasing power of the endowment will decrease over time.
So, the maximum amount of annual withdrawal the university can make to sustain the real value of its endowment would be 1% of the endowment, which is $420,000 per year. This amount will ensure that the real value of the endowment remains intact, even after taking into account inflation. However, the university may choose to withdraw less than this amount to maintain a cushion for unexpected expenses or to grow the endowment over time.
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You are going to interview for a position for which you have less experience and background than fellow candidates. You know, however, that you are the right person for the job. Which interview format would be the most appropriate for you to prove your worth?
Answer: Oral interview
Explanation:
One of the best ways to sell yourself or pitch before a council seated to examining job hunters is by oral interview. During an oral interview, candidates for the job are ask to sell themselves as regards why they think they are best fit for the job, in most cases the qualifications of the candidate plays little or no vital role when they can't defend what they have or can't sell themselves enough to be seen capable for the job.
How much interest would a person pay to borrow $700 for 9 months at 10 percent?
The principal is Rs 10,000, the interest rate is 10%, and the loan term is six years. The simple interest can be calculated as follows: A = 10,000 (1+0.1*6) = Rs. 16,000. Interest is 16000 divided by 10,000, or Rs. 6,000.
What is interest rate?The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate.
The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
The interest rate over a year is known as the annual interest rate. Other interest rates are applicable over shorter time frames, such a day or a month, but they are typically annualized.
An index of the preference for a dollar of present over a dollar of future has been used to describe the interest rate.
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if a firm wants to conduct a country market analysis, it must look at major economic factors using well-established metrics, including
While conducting country market analysis, the major economic factor which the firm will not consider is trade agreement.
While doing market analysis, companies often consider major economic factors such general economic environment that consist of several external factors which can largely impact your business, and such factors are- Interest rates, Taxes, Inflation, Currency exchange rates, Consumer discretionary income, Savings rates also the phase of recession and depression in the economies. Other factors are market size, population and real income, businesses will produce or market their products according to market size, according to income of people etc.
Businesses will rarely go for trade agreement analysis while doing market analysis, because it is of not that much importance as compared to other major factors of economic environment. Trade agreements are imposed by government in the form of taxes, tariff etc.
The complete question is here:
If a firm wants to conduct a country market analysis, it must look at major economic factors using well-established metrics. Which of the following is not a major economic factor that the firm would consider?
a) general economic environment
b) market size, population, growth rate
c) real income
d) trade agreement
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Please help in this question asap
Answer:
All of these
Explanation:
do I need to explain lol?? :]
Which of the following is not a critical factor (or step) for the Procurement Organization to become a more advanced, strategic business function? Reactive- focusing on issues within its own organization such as leadership and organizational design. Tactical Pricing- achieving lowest price for all commodities and services. Proactive- assessing organizational skills, talents business processes,technological capabilities and performance management Strategic- focusing on how the organization's inputs contribute to strategic value creation, enhancing innovation and stakeholder value.
The factor that is not a critical step for the Procurement Organization to become a more advanced, strategic business function is "Tactical Pricing - achieving the lowest price for all commodities and services."
While tactical pricing is an important aspect of procurement, it is not the sole determinant of the procurement organization's advancement and strategic value. The other factors mentioned, such as being reactive, proactive, and strategic, focus on broader aspects like organizational skills, performance management, innovation, stakeholder value, and aligning inputs with strategic value creation.
Reactive: This factor involves focusing on issues within the procurement organization itself, such as leadership, organizational design, and internal processes.
Tactical Pricing: This factor emphasizes achieving the lowest price for all commodities and services procured. While cost optimization is a significant aspect of procurement, a focus solely on tactical pricing may overlook other strategic considerations such as supplier relationship management, risk mitigation, innovation, and value creation.
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why do economists use game theory to explain oligopolies?
Economists use game theory to explain oligopolies because game theory allows for the examination of strategic interactions between firms in an oligopoly.
Game theory is a branch of mathematics that studies strategic decision making and how the choices of one individual or firm can impact the choices of others. In an oligopoly, there are a small number of firms that dominate a particular market, and the actions of one firm can have a significant impact on the other firms in the market.
By using game theory, economists can model the interactions between firms and predict how they will respond to each other's actions. This can help to explain the behavior of firms in an oligopoly and provide insight into how oligopolies operate.
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to the label, a serving of beef stew provides 25 percent of the Daily Value (DV) for vitamin A. By law, the manufacturer can state that the stew is
According to the statement, to the label, a serving of beef stew provides 25 percent of the Daily Value (DV) for vitamin A. By law, the manufacturer can state that the stew is "a good source of vitamin A."
This is because it meets the Food and Drug Administration (FDA) requirements to qualify as such. The FDA regulations mandate that a food should have at least 10% of the daily value for the vitamin or nutrient to be considered a "good source" of that nutrient. The label of this beef stew implies that it offers 25% of the daily value for vitamin A. Therefore, it can be marketed as "a good source of vitamin A."
Percent is an important term here as it refers to the amount of Daily Value (DV) of a nutrient that a food contains. The percentage is generally based on a 2,000 calorie diet. Label is also an important term in this case because it helps to convey information about the nutritional content of a food item. Labels provide information about the serving size, nutrient content, and other important details about the food product. Finally, stew is the type of food that the label refers to. It is a type of dish that usually contains vegetables and meat, simmered in a liquid that has been flavored with herbs and spices. Stew is a popular comfort food that is enjoyed by people all over the world. Overall, the label of this beef stew implies that it is a good source of vitamin A. This is because it contains 25% of the daily value for this nutrient, which meets the FDA requirements to qualify as such.
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give 5 numbers smaller than -2 and 5 numbers bigger than -2
In your own words, what is a labor union? And how do they use collective bargaining, strikes,
boycotts, and picketing to gain power for their workers? (
Describe the Calvin Cycle.
Describe how the Na+-K+ pump and the K+-Na+ leak channels function to polarize a nerve cell membrane such that it attains its characteristic – 40 to – 90 mV resting potential.
The Calvin Cycle is a series of biochemical reactions that occur in the stroma of chloroplasts during photosynthesis. It is the second stage of photosynthesis and involves the conversion of carbon dioxide (CO₂) into glucose. The cycle utilizes the energy from ATP and NADPH, which are produced in light-dependent reactions, to synthesize glucose molecules.
The Na+-K+ pump and K+-Na+ leak channels play a crucial role in establishing and maintaining the resting potential of a nerve cell membrane. The Na+-K+ pump actively transports sodium ions (Na+) out of the cell while pumping potassium ions (K+) into the cell against their concentration gradients. This process requires ATP energy. By doing so, the pump helps maintain a higher concentration of K+ inside the cell and a higher concentration of Na+ outside the cell, resulting in an electrochemical gradient.
The K+-Na+ leak channels, on the other hand, provide a passive pathway for K+ ions to leak out of the cell and Na+ ions to leak into the cell. This leakage occurs due to the concentration gradients established by the Na+-K+ pump. The net effect is the polarization of the nerve cell membrane, with the inside becoming negatively charged relative to the outside. This polarization creates the characteristic resting potential of the nerve cell, typically ranging from -40 to -90 mV.
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with regard to business ethics what is locus of control
The perception of ethical-issue intensity can be influenced by management's use of rewards and punishments, company policies, and corporate values to sensitize employees. In other words, managers can affect the degree to which employees perceive the importance of an ethical issue through positive and/or negative incentives
Students with an internal locus of control, for example, may blame bad grades on a failure to study, whereas students with an external locus of control may blame poor performance on an unfair teacher or test. A person's locus of control refers to their ideas about how much control they have over what occurs to them in life and how much influence they have over what happens in the world around them.
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The question is incomplete complete question is given below
What factors in a business can influence the perception of ethical-issue intensity?
Advertising Age annually compiles a list of the 100 companies that spend the most on advertising. Consumer-goods company Procter & Gamble has often topped the list, spending billions of dollars annually (Advertising Age website, March 12, 2013). Con- sider the data found in the DATAfile named Advertising. It contains annual advertising expenditures for a sample of 20 companies in the automotive sector and 20 companies in the department store sector. What is the mean advertising spent for each sector? What is the standard deviation for each sector? What is the range of advertising spent for each sector? What is the interquartile range for each sector? Based on this sample and your answers to parts (a) to (d), comment on any differences in the advertising spending in the automotive companies versus the department store companies.
Using the appropriate statistical relationship, the mean, range and Interquartile range for the advertisement spending of the two companies are worked out below.
Automotive:
598, 1512, 1573, 1642, 1714, 1720, 1781, 1798, 1813, 2008, 2014, 2024, 2058, 2166, 2202, 2254, 2366, 2526, 2531, 2901
Department :
448, 472, 474, 573, 589, 597, 598, 622, 629, 669, 706, 714, 746, 760, 782, 824, 840, 856, 947, 1011
Recall :
Sample mean = ΣX/n
n = sample size1.)
Mean for Automotive = 39201 / 20 = 1960.05
Mean for Department = 13857 / 20 = 692.85
2.)
Range = Maximum - MinimumRange for Automotive = 2901 - 598 = 2303
Range for Department = 1011 - 448 = 563
3.)
Interquartile Range = Upper - Lower quartileAutomotive :
Upper quartile(Q3) = 0.75(21) = 15.75th term = 2228
Lower quartile (Q1) = 0.25(21) = 5.25th term = 1717
Interquartile Range = 2228 - 1717 = 511
Department :
Upper quartile(Q3) = 0.75(21) = 15.75th term = 803
Lower quartile (Q1) = 0.25(21) = 5.25th term = 593
Interquartile Range = 893 - 593 = 210
4.)
Comparing the spread of the spending between the companies, the average spending by the Automotive company is higher with a greater level of spread.
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A Printed Circuit Board (PCB) machine installs integrated circuits onto a board. Before starting to produce a board, the PCB machine requires a 23-minute setup. Once in production, the PCB machine requires only 0.12 minute per board. (Do not round intermediate calculations. Round your answer to 2 decimal places.) a. Currently, the PCB machine produces 425 boards between setups. Given this operating process, what is the capacity of the PCB machine (in boards per minute)? (Do not round intermediate calculations. Round your percentage answer to 2 decimal places.) b. Currently, the PCB machine produces 425 boards between setups. Given this operating process, what is the utilization of the PCB machine? __percent
c. Say the PCB machine produces 300 boards between setups and demand is 1 boards per c. minute. Given this operating process, what is the average inventory of boards at the PCB machine? (Round your final answer to 2 decimal places.) d. Demand for boards occurs at the rate of 1 boards per minute. What is the smallest batch size such that the PCB machine does not constrain the flow rate through the process? __ batch size
a. Total time required for 400 component units A = Setup Time + Batch Size * Unit Production Time = 23+400*0.20 = 103 minutes
Hence 400 boards are manufactured every 103 seconds. As a result, capacity = 400/103 = 3.88 boards per minute.
b. The total time required to make 400 boards is 400*0.2 = 80 minutes.
The total time includes setup and is 103 minutes.
As a result, utilization = 80/103 = 77.67%.
d. The average inventory is half of the maximum inventory. The formula below gives the maximum inventory.
Batch Size = Maximum Inventory*[1-(Capacity * Process Time per Component)] = 200*[1-(1*0.2)] = 200*(1-0.2) = 200*0.8 = 160
(1/2)*Maximum Inventory = (1/2)*160 = 80 units.
d. Target Batch Size = [Demand * Total Setup Time] / [1-(Demand * Processing Time)]
Batch Size = [1* 23]/[1-(1*0.2)] = 23/0.8 = 28.75
As a result, the smallest batch size is 28.75.
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why does it have to have a limit
Look at the following W-2 form. What amount should be entered on the 1040EZ form on line 7 which asks for the
amount of Federal income tax withheld?
Employed
w tym
1333611-0000
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94-11111
Employers
O No 1545-01
pour compra
24.391.55
Securty
31
Sweden
31,2461037
cond
2,897282
4 yaxwind
1.352100
Nodword
298108
10 Deprecate
try Lam
J111 Doongvan
6890 5.17635 36
New York, New York
14 on
ErP
16 more
99-0000
16
cos
10
26, 2015
Wage Tax
Statement
Sourcentos www.is gooduodes-love-2015 por
W-2 Water and The
2015
$1.557.30
$24,246.83
$2.697 82
$26.381.55
The amount that should be entered on the 1040EZ form on line 7 which asks for the amount of Federal income tax withheld is $2,697.82.
What exactly is federal income tax?Federal income tax is a tax levied by the federal government on the taxable income of individuals, businesses, estates, and trusts. The tax is based on a progressive tax system, which means that the tax rate increases as income increases. The purpose of federal income tax is to provide revenue for the federal government to fund public goods and services, such as national defense, social welfare programs, and infrastructure projects.
The amount of federal income tax owed is determined by the amount of taxable income earned by an individual or business during the tax year. Taxable income is calculated by subtracting allowable deductions and exemptions from gross income. The tax rate that applies to a particular taxpayer depends on their taxable income, with higher-income taxpayers paying a higher tax rate.
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How do you think companies determine the price for their products?
Answer:
Companies typically know the gross profit margin they need to pay back their expenses and generate positive net income and cash flow. Once your company knows the cost of sales (cost of goods and services sold) of a particular product and the Gross Profit Margin Target it wants, it can easily employ a GPMT strategy.
Elaine, Inc. issued a seven-year non-interest-bearing note with a face value of $20,000 and received $13,301. Actuarial information for seven periods is as follows:
PV of $1
PV of an Annuity
6%
7%
8%
6%
7%
8%
0.665057
0.622750
0.583490
5.5824
5.3893
5.2064
Refer to Exhibit 14-15. What is the interest expense for the first year?
a. $798.06
b. $816.90
c. $1,200.00
d. $700.20
The interest expense for the first year is b. $816.90.
To calculate the interest expense for the first year, we need to first calculate the present value of the note. We can use the PV of $1 formula to do this:
PV of note = Face value of note × PV of $1 for 7 periods at 6%
PV of note = $20,000 × 0.583490
PV of note = $11,669.80
Next, we need to calculate the discount on the note, which is the difference between the amount received and the present value of the note:
Discount on note = Amount received – PV of note
Discount on note = $13,301 – $11,669.80
Discount on note = $1,631.20
Finally, we can calculate the interest expense for the first year, which is equal to the discount on the note multiplied by the effective interest rate:
Interest expense for first year = Discount on note × Effective interest rate
Interest expense for first year = $1,631.20 × 0.08
Interest expense for first year = $130.50
Therefore, the answer is b. $816.90, which is the total interest expense for the seven-year note, calculated by multiplying the interest expense for the first year by seven.
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4 Not yet answered Marked out of 1.00 Flag question Spurious relationships:
A. Usually occur when there is a causal relationship amongst the dependent variable and two independent variables.
B. All of the above.
C. Demonstrate that correlation does not necessarily mean causality.
D. Lead to divorce.
E. Mean that one variable associations are best.
Spurious relationships refer to an association that happens between two variables, which is not real. These types of relationships are built on either coincidence or some third variable that is responsible for the relationship between the variables.
The correlation that exists between variables can indicate a spurious relationship between the two. Correlation does not necessarily imply that there is a cause and effect relationship that exists between the two variables. To confirm that there is a cause and effect relationship between two variables, it is essential to conduct an experiment to establish that a causal relationship does exist between the variables.One variable associations are usually preferred since they give an accurate representation of the relationship between two variables. These associations are more reliable and provide a better representation of the relationship that exists between the two variables. It is essential to consider the different factors that can affect the relationship between two variables before concluding that there is a relationship between them. These factors include correlation and confounding variables.Confounding variables are those that can influence the relationship between two variables, and they should be controlled to ensure that they do not affect the relationship between the variables. It is important to note that a cause and effect relationship can only be established through a well-designed and executed experiment. Therefore, correlation does not necessarily imply a cause and effect relationship.
Option A is correct
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which brand best illustrates what happens when the law of focus is executed successfully? which brand best illustrates what happens when the law of focus is executed successfully? colgate kleenex hp burger king kroger
HP brand best illustrates what happens when the Law of Focus is executed successfully. Thus correct option(e)
HP better illustrates the focus of law execution successful with the all-digital requirement fulfilled for better service designs. HP delivers all its new technologies with proper law of stress to conduct effective strategic business designs for growth.
It shows the working models from HP designs and better regulates their performance policies for better moves. HP works perfectly with their focus on law after the service process in their products.
Colgate and Burger King have separate law management without focusing presentations that are not part of focus designs
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Full Question: Which brand best illustrates what happens when the Law of Focus is executed successfully?
Colgate
Kleenex
Burger
King Kroger
HP
fill in the blank. under a managed float exchange rate system, the fed may attempt to stimulate the u.s. economy by___the dollar. such an adjustment in the dollar's value should the u.s. demand for products produced by major foreign countries.
Under a managed float exchange rate system, the Fed may attempt to stimulate the U.S. economy by adjusting the dollar's value. Such an adjustment in the dollar's value should increase the U.S. demand for products produced by major foreign countries.
A managed float exchange rate system is an exchange rate system in which the currency exchange rate is allowed to float but is monitored and adjusted as necessary by central banks. It is a flexible exchange rate system that is managed and supervised by a central bank or government.The U.S. economy can be stimulated by the Fed in a managed float exchange rate system by adjusting the dollar's value. The Fed may attempt to increase or decrease the value of the dollar in order to affect the balance of trade, domestic production, and other factors that influence the U.S. economy.Adjusting the value of the dollar could increase the demand for products produced by major foreign countries. When the dollar is worth more, it is more expensive for foreign countries to buy U.S. products, and it is less expensive for the U.S. to buy products from other countries. When the dollar is worth less, it is less expensive for foreign countries to buy U.S. products, and it is more expensive for the U.S. to buy products from other countries.Learn more about U.S. economy: https://brainly.com/question/1106682
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Which is a feature of debit cards?
a. They are a primary component of your credit score.
b. They can be used to pay off large purchases over time.
c. They provide direct access to your checking account.
d. They are the most secure form of payment.
A feature of debit cards is that c. They provide direct access to your checking account.
What are debit cards?A debit card is a card that allows you to access the money that you have in your checking account.
This means that when you spend on something using your debit card, it would be deducted directly from your checking account. This includes debit card costs as well.
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Now suppose that Rowe has an argument with her husband and wants to withdraw, and what effect would it have on the LLC?
A limited liability business enterprise (LLC) is a business structure allowed with the aid of state statutes. every nation might also use exclusive guidelines, you should check with your nation if you are interested in beginning a constrained legal responsibility enterprise. proprietors of an LLC are called contributors
The nation of Oklahoma, like almost every different nation, has an agency earnings tax. In Oklahoma, the corporate tax is a flat 6% of Oklahoma taxable profits. if your LLC is taxed as an employer you may need to pay this tax. The kingdom's company income tax goes back (shape 512) and is filed with the Oklahoma Tax fee.
To begin an Oklahoma LLC you may want to record the Articles of a corporation with the Oklahoma Secretary of state, which costs $one hundred. you could practice online, by way of mail, or in character. The Articles of the corporation is the felony record that officially creates your Oklahoma limited legal responsibility employer.3 days in the past.
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A company reports total assets of $890,000 and stockholders' equity of $580,000. Calculate the debt ratio. (Round your answer to two decimal places.) A. 65.17% OB. 46.55% OC. 34.83% D. 53.45%
Total assets and stockholders' equity are the two major components of the balance sheet. The calculation of the debt ratio involves the use of both of these items in order to determine how much debt the company is holding relative to the amount of equity they have. This is an important financial metric that can help investors assess the financial health of the company.
The debt ratio is a measure of a company's financial leverage and is calculated by dividing the company's total liabilities by its total assets. In this case, the company's total assets are $890,000 and its stockholders' equity is $580,000. To calculate the debt ratio, we need to subtract the stockholders' equity from the total assets to get the total liabilities.
So,Total liabilities = Total assets - Stockholders' equity
Total liabilities = $890,000 - $580,000
Total liabilities = $310,000
Now that we have the total liabilities, we can calculate the debt ratio by dividing the total liabilities by the total assets. Debt ratio = Total liabilities / Total assets = $310,000 / $890,000 = 0.3483 = 34.83%
Therefore, the debt ratio for the company is 34.83%.
The debt ratio is used to measure the amount of debt a company has relative to its equity. The formula for calculating the debt ratio is to divide the total liabilities by the total assets. In this case, the debt ratio for the company is 34.83%.
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A 3rd degree burn has burnt only part of the epidermis. the epidermis only. the epidermis and dermis. the epidermis and part of the dermis.
A 3rd degree burn has burnt the epidermis and part of the dermis. Option 3 is the correct answer.
A 3rd degree burn is a severe burn that extends through the entire thickness of the skin. In a 3rd degree burn, the epidermis, which is the outermost layer of the skin, and part of the dermis, which is the layer beneath the epidermis, are affected. This type of burn destroys the full thickness of the epidermis and can extend into the deeper layers of the dermis.
The epidermis serves as a protective barrier for the body, preventing the entry of harmful substances and pathogens. It also helps regulate body temperature and plays a role in the production of vitamin D. The dermis provides structural support, contains blood vessels, nerve endings, sweat glands, and hair follicles.
Due to the severity of the injury, 3rd degree burns often require medical intervention and specialized treatment. They can result in extensive tissue damage, loss of sensation, and impaired healing. Treatment may involve surgical interventions, such as skin grafting, to promote healing and minimize the risk of infection. Rehabilitation and long-term care are often necessary to manage the physical and psychological effects of a 3rd degree burn.
Hence, option 3 is the right choice.
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hello , What are three common tools for qualitative research in business and marketing?
Answer:
they would be in-depth interviews, focus group discussions and observation over data
Explanation:
Hope this helps, please rate and mark as brainlest :)
15 POINTS!! HELP NEEDED ASAP!!!
Type the correct answer in the box. Spell all words correctly.
What account does a trading business use to track its inflow of goods?
A trading business will use the account _________ to track its inflow of goods.
Current?
Answer: Merchandise for Plato users, hope it helps :)
A monopolistic firm has a sales schedule such that it can sell 11 Motorcycles per week at 80 1,000 each, but if it restricts its output to 10 Motorcycles per wook it can soll these at BD 1,200 each. Calculate the marginal revenue of the 11th unit of sales per week
Marginal revenue (MR) is the additional income earned from the sale of an additional unit of a product. It is calculated by dividing the change in total revenue by the change in quantity sold.
The following formula is used to calculate marginal revenue: MR = ΔTR/ΔQWhere MR is marginal revenue, ΔTR is the change in total revenue, and ΔQ is the change in quantity sold. Given data:
A monopolistic firm has a sales schedule such that it can sell 11 Motorcycles per week at 80 1,000 each, but if it restricts its output to 10 Motorcycles per week, it can sell these at BD 1,200 each. At 11 Motorcycles, the firm sells each for 80 1,000 each. So, the total revenue from 11 Motorcycles will be: TR = P × Q = 80,000 × 11 = 880,000At 10 Motorcycles, the firm sells each for BD 1,200 each.
So, the total revenue from 10 Motorcycles will be: TR = P × Q = 1200 × 10 = 12,000The change in total revenue (ΔTR) from selling the 11th motorcycle would be:ΔTR = TR at Q=11 - TR at Q=10= 880,000 - 12,000= 868,000The change in quantity sold (ΔQ) from selling the 11th motorcycle would be:ΔQ = Q at Q=11 - Q at Q=10= 11 - 10= 1
Now, substituting these values in the formula, we get:MR = ΔTR/ΔQ= 868,000 / 1= 868,000. Therefore, the marginal revenue of the 11th unit of sales per week is 868,000.
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The point at which supply equals demand is called
Answer:
equilibrium
Explanation: