Answer: b. $30; $20; $0
Explanation:
<em>Admission prices to Dollywood are $50 for a one-day ticket, $80 for a two-day ticket, and $100 for an annual pass. Based on these prices, the marginal cost of visiting Dollywood the second day is </em><em><u>$30</u></em><em>, the third day is </em><em><u>$20</u></em><em>, and the fourth day is </em><em><u>$0.</u></em>
The marginal cost is the extra cost per day of going to Dollywood.
Second day
Marginal cost = Second day price - First day
= 80 - 50
= $30
Third day
Marginal cost = Third day price - Second day
= 100 - 80
= $20
Fourth Day
Marginal cost = Fourth day price - third day
= 100 - 100
= $0
Answer:
Correct option is (D)
Explanation:
Given:
Purchase price of copyright = $50,000
Expected useful life = 5 years
Annual depreciation expense as per straight line method:
= Purchase price ÷ useful life
= 50,000 ÷ 5
= $10,000
Only useful life is considered and not legal life.
Carrying value of asset at the end of year = Book value of asset - annual depreciation
Carrying value of copyright at then end of first year = 50,000 - 10,000 = $40,000
Carrying value of copyright at then end of second year = 40,000 - 10,000 = $30,000
Answer:
The correct option is C.
Explanation: Price elasticity is the measure of the rate of change in the level of quantity demanded due to a change in the level of price.
Price elasticity is usually negative, this means that it follows the law of demand; as price increases quantity demanded decreases.
Also, another incidence that can affect price elasticity is an availability of cheaper alternatives. If cheaper alternatives of a particular product are introduced into the market, the demand for that product will reduce, because consumers will abandon it for its cheaper alternatives, thereby driving the elasticity of that product higher.
Therefore, in the scenario given above, the elasticity is higher than -1.2 because there are new brands that have just been introduced into the market.
Answer:
franchisee , franchise.
Explanation:
Franchisee is a company or an individual that holds the franchise for the sale of the products .
Franchise is a company whose product are being sold by the franchisee.
So franchising lets a company to to set up a small business quickly because the franchisee is associated with a brand and a franchise reaches a break-even point a lot quicker than an independent business.
