Answer:
Club membership fee of $60 would maximize profit.
If the club charges tow part pricing the maximum revenue can be $3500.
Explanation:
Joe has entered into a monopoly because he is owner of single golf course in the Northlands.
Demand function for Joe's golf course is:
P = 160 - 2q
P = $20 , q = 50
160 - 2 (50) = 60
Consumer surplus = 0.5 * equilibrium quantity
Consumer Surplus for Joe is ; 0.5 * 50 (160 - 20) = $3500
If MR = MC then demand function will become :
160 - 4q
If q = 25 then
160 - 4 * 25 = 60
<u>Answer:</u> C. Management
<u>Explanation:</u>
In order to achieve the goals and objectives of the organization the management has to follow the process of planning, directing, and controlling an organization's financial, physical, human, and information resources. Planning is the way of organizing things to achieve desired goals. Guidance and motivation of the employees is essential for meeting goals
Monitoring and evaluating the tasks is necessary action by the management to control the activities of the firm and direct them in the right path.
The comparison will depend partly on the parents and partly on the CULTURE IN WHICH THE FAMILY LIVES. A child economic and social well being depends on a number of diverse factors, one of these is family structure. When comparing the economic wellness of children from different family structure, the culture in which the families live is also a significant factor which must also be considered.
The market for carbon allowances is set by the regulatory authority.
Answer:
The correct adjusting journal entry for 12/31/09:
D. debit Spice Expense and credit Spice Inventory 240
Explanation:
Roland Richard purchased 200 ounces off of an expensive spice for $400.
Cost per ounce = $400/200 = $2
By December, 12/31/09, there were 80 ounces on hand. Roland Richard used 120 ounces of expensive spice with the amount of expense: $2 x 120 = $240
The adjusting journal entry for 12/31/09:
Debit Spice Expense $240
Credit Spice Inventory $240
