Answer:
Explanation:
To maximize profit, you would charge $8 for an adult's ticket and $4 for a child?s ticket. Total profit in this case would be $800.
The city council passes a law prohibiting you from charging different prices to different customers.
Now you set a price of $8 for all tickets, resulting in $600 in profit.
Indicate whether each of the following groups of people is better off, worse off, or the same because of the law prohibiting price discrimination.
Groups of People Better Off Worse Off Unchanged
Adults x
Children x
You, the Producer x
Suppose the fixed cost of the play were $2,600 rather than $2,000.
Complete the following sentences indicating how this would change your answers to the previous parts.
In the presence of price discrimination, the adult price of a ticket would remain the same, and the child price would remain the same. Total profit would fall to $200.
If price discrimination were banned and the monopolist continued to produce the play no matter what the profit, the price of a ticket would remain the same, and total profit would fall to $0.
Synergy will <u>increase</u> the sales of existing products.
Synergy refers to the concept where two companies will combine their value and performance and they will be greater than the sum of the separate individual parts. Thus, these two companies can merge to create greater efficiency or scale.
Through synergy individuals or entities combine their efforts and resources to accomplish more collectively than they could individually. This practice eventually results in increased productivity, efficacy, and performance. Synergy is seen to be reflected on a company's balance sheet through the company's goodwill account.
Hence, in addition to merging with another company, a company also creates synergy by combining products or markets.
To learn more about Synergy here:
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Answer:
Ending inventory= $1706
Explanation:
Giving the following information:
Units Per unit price Total
1/1/2017: 290 *$5.00= $1450
1/15/2017: Purchase, 140*$5.10= $714
1/28/2017: Purchase, 140*$5.30= $742
At the end of the month (1/31/2017) inventory showed that 230 units. If the company uses LIFO (last-in, first-out)
Ending inventory= 140*5.30+140*5.10+50*5= $1706
Answer:
all of the above
Explanation:
all of these indicates one's lifestyles.
<span> c) Samuel Morse becasue he the only person
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