Answer:
1. ANSWER: 20,000
2. ANSWER: $400,000
3. ANSWER: $28.45
Explanation:
1. If the average price for a new disposable cell phone is $20, and the total market potential for that product is $4 million;and Topco, Inc. has a planned market share of 10 percent. Then, Topco have the potential to sell in this market 10% * $4 million / $20 = 20,000 units of the proposed cell phone.
2. The planned market share in dollars is 10% * $4 million = $400,000
3. If Atlantic Car Rental charges $29.95 per day to rent a mid-size automobile. Pacific Car Rental, Atlantic's main competitor, just reduced prices on all its car rentals. In response, Atlantic reduced its prices by 5 percent.
Now Atlantic's new cost of rental for mid-size cars is: 95% of $29.95 = $28.45
Answer:
b. $ 116.67
Explanation:
Given data
Sale value of merchandise = $10,000
Interest rate = 7%
The computation of the interest revenue on December 31, 2016 is shown below:
= Note amount × rate of interest × given number of months ÷ total number of months in a year
= $10,000 × 7% × 2 months ÷ 12 months
= $116.67
The two months are calculated from November 1 to December 31
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
It should be noted that competitive firm's long-run supply curve is the part of marginal cost curve that lies above average.
<h3>What is long-run supply?</h3>
The long-run supply can be regarded as the supply of goods available in case whereby the inputs are variable.
The long-run supply curve can be referred to as been elastic than the short-run supply curve.
Learn more about long-run supply at;brainly.com/question/6275304