$4, is the optimal price to charge for a block of 4 units.
Market power is the ability of a firm to influence supply, demand, or both in order to change the price of a product in the marketplace.
A corporation with significant market power has the power to control its profit margin by manipulating the market price. It may also be able to raise barriers for potential new entries into the market.
Because they may set or change the retail price of an item without giving up market share, companies with market power are frequently referred to as "price makers."
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Answer:
16.31 times
Explanation:
The computation of the inventory turnover is shown below:
Inventory turnover ratio = Cost of goods sold ÷ average inventory
where,
Cost of goods sold is $20,720
And, the average inventory is $1,270
So, the inventory turnover ratio is
= $20,720 ÷ $1,270
= 16.31 times
All other information that is given in the question is not relevant. Therefore, we ignored it
Answer:
Power distance
Explanation:
"Power distance is a term that describes how people belonging to a specific culture view power relationships - superior/subordinate relationships - between people, including the degree that people not in power accept that power is spread unequally.
Individuals in cultures demonstrating a high power distance are very deferential to figures of authority and generally accept an unequal distribution of power, while individuals in cultures demonstrating a low power distance readily question authority and expect to participate in decisions that affect them. "
Reference: Grimsley, Shown. “Hofstede's Power Distance: Definition & Examples Video.” Study.com, Study.com, 2019
Answer:


Where C is a constant, now using the initial condition we got:

And solving for C we got:

And the function desired for the advertising revenue would be given by:

With f the amount in billions and the the years since 2002 to 2006.
Explanation:
For this case we have the following function who represent the revenue grew rate:

And we want to calculate the Advertising revenue so we need to integrate the function r(t) and we can use the inidital condition t=0 , f(2)= 5.9 billion.
If we integrate the function we got:


Where C is a constant, now using the initial condition we got:

And solving for C we got:

And the function desired for the advertising revenue would be given by:

With f the amount in billions and the the years since 2002 to 2006.