<span>End-user involvement is the answer</span>
Answer:
$3.28 per ton
Explanation:
Total value = Land + Estimated restoration costs
= $7,440,000 + 1,440,000
= $8,880,000
Value for depletion = Total value - Salvage value
= $8,880,000 - $940,000
= $7,940,000
Per ton Depletion:
= Value for depletion ÷ Recoverable reserves
= $7,940,000 ÷ 2,420,000 tons
= $3.28 per ton
Answer:
James's price is $4 less than if the firm is a monopoly. A further explanation is given below.
Explanation:
Marginal income should have been equivalent to the marginal cost expenses as there was a Monopoly. The marginal price is calculated at 8 dollars. That being said, marginal income is declining.
- It costs $15 for maybe the first unit,
- $13 for its second unit,
- $11 for the third unit,
- $9 only for the fourth unit,
- $7 for the fifth unit.
When making the 4th unit, no marginal income as well as marginal cost becomes nearest. It, therefore, means that, as it generates 4 units, the Monopoly price would have been $12. Whether it is a reasonably open market, the cost should always be equivalent to marginal revenue, meaning $8 would be the price.
Answer:
Future Value = $1,192,287.56
Explanation:
<em>The future value is the expected total sum that an investment is suppose to accumulate together with interest over a period of time at a particular interest rate.</em>
Where compounding is done done monthly, he future value is determined as follows:
FV = PV ×( (1+r)^n -1 )/ r
FV - Future Value , PV - present value r- monthly rate of interest , n- number of months
FV - ?
r- 8%/12 = 0.66%
n - 30× 12 =
PV - 800
FV = 800 × ( (1.00666)^(360) - 1 )/ 00666
= 800 × 1490.359449
= $1,192,287.56
I think the most appropriate answer would be "inelastic demand". As the demand doesn't decrease significantly high and the cost of gasoline doesn't increase significantly increase that high.
(Inelastic demand is the the demand of a product does not changes too much/vigorously, as compared to elastic demand.)
I hope it helped you!