The emergence of ride sharing apps like Lyft and Uber have created gains from trade by introducing new sellers into the market for taxi services and decreasing the price of rides.
Gains from trade can be described as the increase in consumer surplus and producer surplus as a result of lower tariffs when consumers and producers are allowed to trade with less restrictions. Gains from trade occurs as a result of lower trade prices.
Ride sharing apps are apps that allow people to order for rides from their phones using an app. Examples are uber and lyft.
Ride sharing apps has increased the amount of ride options available to users. This has lead to lower prices as ride sharing apps have lowered prices to attract customers.
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Answer and Explanation:
The computation of the unused resource capacity in energy and repairs for Tri-State Mill. is shown below;
For energy
= $6,900 - 6,000 × $0.90
= $6,900 - $5,400
= $1,500
For repairs
= $12,000 - 600 × $16
= $12,000 - $9,600
= $2,400
Hence, the unused resource capacity in energy and repairs for Tri-State Mill. is $1,500 and $2,400 respectively
f
(
x
)
=
4
x
−
6
Replace
f
(
x
)
with
y
.
y
=
4
x
−
6
Interchange the variables.
x
=
4
y
−
6
Solve for
y
.
Rewrite the equation as
4
y
−
6
=
x
.
4
y
−
6
=
x
Add
6
to both sides of the equation.
4
y
=
x
+
6
Divide each term by
4
and simplify.
y
=
x
4
+
3
2
Solve for
y
and replace with
f
−
1
(
x
)
.
Replace the
y
with
f
−
1
(
x
)
to show the final answer.
f
−
1
(
x
)
=
x
4
+
3
2
Set up the composite result function.
g
(
f
(
x
)
)
Evaluate
g
(
f
(
x
)
)
by substituting in the value of
f
into
g
.
4
x
−
6
4
+
3
2
Simplify terms.
g
(
4
x
−
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)
=
2
x
−
3
+
3
2
Simplify the numerator.
g
(
4
x
−
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=
2
x
2
Cancel the common factor of
2
.
g
(
4
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−
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)
=
x
Since
g
(
f
(
x
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)
=
x
,
f
−
1
(
x
)
=
x
4
+
3
2
is the inverse of
f
(
x
)
=
4
x
−
6
.
f
−
1
(
x
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=
x
4
+
3
2
Answer:
18.067%
Explanation:
Let , i = 15%
, then NPV = -$150
,
When i = 20%, NPV = $95
A
At IRR , let the NPV = 0
Now, using the linear interpolation method we get
20% - 15%/ IRR -15 = 95-(-150) / 0-(-150)
20% - 15%/ IRR -15 = 245 / 150
5 / IRR -15 = 1.63
1/IRR -15 = 0.326
1/0.326 = IRR - 15
3.067 = IRR -15
IRR = 3.067+ 15
IRR = 18.067%
Market targeting evaluates each market segment's attractiveness and select one or more segments to serve. Before companies start putting their product in the market they evaluate which market their product will be best suited for. This allows them to market to the right people for the product and have a better chance of their product/service succeeding and becoming profitable.