Answer:
$1350
Explanation:
To find dead weight loss we will take into consideration the price and output level of both monopoly and perfect competition.
Dead weight loss = {(P2 - P1) * (Q1-Q2)} / 2
Where, P2 and Q2 are price and quantity respectively of monopolist and P1 and Q1 are price and quantity respectively of perfect competiton.
Dead weight loss = {(130-40) * (60-30)}/2
= (90*30)/2
= $1350
Answer:
External and internal environment is very important to the performance of airlines in the airline industry.
The industrial organization (I/O) model suggests that environments is the key point for firms to earn above-average returns.
Explanation:
The airlines´ external and internal environments analysis is important because it is the first step in developing the frim´s strategic management process.
This analysis will establish the firm´s resources availability and capability, along with the core competencies looking forward setting commitments, making decisions, and taking actions aiming to reach competitiveness and to earn above-average returns.
The industrial organization, or I/O model, suggests that the external environment is the key of a firm’s strategic actions as firms use the sources information of these continuously evolving "strategic inputs" to develop its vision and mission and to formulate its strategy to respond to the challenging landscape brought by globalization and the resulting economy featuring rapid technological changes, and achieve strategic competitiveness and above-average returns.
Answer: $179,900
Explanation:
The amount of cash collected from accounts receivable will be calculated thus:
Account receivable at begining = $34700
Add: Sales on account = $182700
Less: Write-offs of uncollectible accounts = $1,800
Less: Account receivable at ending balance = $35700
Cash collected = $179,900
Faith Ringgold was an <span>African-american artist created the fiber work tar beach as an autobiographical work about her own experiences growing up in New York.
</span>Faith Ringgold is an artist and she was best known for her narrative quilts, Tar beach is one of her most famous story quilts. She <span>was born in New York City in 1930. and when she was working in public schools as an art teacher she began a series of paintings which was called as </span><span>American People.</span><span />
Answer:
For the students of the college, the visual appearance of the campus is non-rival and non-excludable
The benefit of the beatification initiative, as suggested by the survey, is $3,390. Because the estimated benefit is less than the cost, the college administrators should not undertake the beautification initiative.
Explanation:
non-rival and non-excludable
This means that everyone benefits from the remodel equally and people who do not pay for it will still enjoy their benefits.
$3,390
The benefit is found by multiplying the average benefit for each person surveyed by the number of people surveyed, which is $11.3 X 300 = $3,390.
The college should not complete the project because the marginal cost: $4,400 is more than the marginal benefit: $3,390.
