Meaning the price of the car will depend on the price in the Market (Commercial/Market Value) or the value of the car after it is fully depreciated (Residual Value) or its remaining value based on the books (Current Value) excluding the depreciation.
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Answer:
$700
Explanation:
Given.
X = Number of Computers Sold
p(0) =.1, p(1) =.2, p(2) =.3 and p(3) =.4.
h(x) = Revenue - Cost
Revenue = 1000X + 200(3 - X)
Cost = 1500
So, h(X) = 1000X+ 200(3 - X) - 1500
h(X) = 1000X + 600 - 200X - 1500
h(X) = 800X - 900
The possible range of Computer sold is 0 to 3 (I.e p(0) to p(3))
Hence, we'll solve for h(0) to h(3)
h(0) = 800(0) - 900
h(1) = 0 - 900
h(0) = -900
h(1) = 800(1) - 900
h(1) = 800 - 900
h(1) = -100
h(2) = 800(2) - 900
h(2) = 1600 - 900
h(2) = 700
h(3) = 800(3) - 900
h(3) = 2400 - 900
h(3) = 1500
Calculating E(h(x))
E(h(x)) = p(0).h(0) + p(1).h(1) + p(2).h(2) + p(3).h(3)
So,
E(h(x)) = 0.1 * -900 + 0.2 * -100 + 0.3 * 700 + 0.4 * 1500
E(h(x)) = -90 - 20 + 210 + 600
E(h(x)) = 700
So, E(h(x)) = $700
Answer:
pat should drive if saving half an hour is worth $0.50 or more
Explanation:
Marginal cost is the additional cost generated by producing an additional unit of output.
Marginal cost of taking the bus = 1 / 2 = 0.50
Marginal utility is the additional utility derived from consuming one more unit of a good
Marginal utility per good = marginal utility / price of the good
Pat should take the action that would yield him the highest utility given the marginal cost
So,pat should drive if saving half an hour is worth $0.50 or more
Answer: A business legally separate from its owners.
Explanation:
A corporation is an organization which is seen legally as being separate from the owner(s). Legally, a corporation is seen as being on its own and therefore can: obtain loans, be Sue, pay taxes etc.
Answer:
The correct answer is Green Movement.
Green Movement can be described as a part of the increased awareness of sustainability by the consumers. NOW, RATHER THAN LOOKING ONLY AT THE END PRODUCT, CONSUMERS tends to LOOK at the PRODUCTION PROCESS of the product. and evaluate whether its harmful to the nature, people and the communities and only then buy it if it is a good product made out of sustainable business practices and processes.
Explanation:
