Answer: If i am the general manager of the organization i will try to make a survey about customer relation in other competitive organization before i can conclude whether it is wise to cut down cost through removing giving out free gifts to customers like the free pop corn, coffee etc. Customers will choose other organizations where they can get the same quality service and other benefits especially in a perfectly competitive market. Rather i will suggest more profit can be made by slightly increasing the cost of services rendered to customers from which the cost of the freebies can be regained.
Explanation:Customer's satisfaction and profit maximization are the two main objectives of a firm. It is only when an organization is able to maintain good customer relationship with their customers that profit can be maximized regardless of how efficient their other services are.
We can calculate for the total stockholders’ equity by using
the formula:
Total stockholders’ equity = Number of Shares * Price per
Share – Deficit Balance
Substituting our given values:
Total stockholders’ equity = 19,000 shares * ($12 / share) - $75,000
Total stockholders’ equity = $153,000
Answer: Equilibrium price is $3 and equilibrium quantity is 40 units.
Explanation:
Demand equation is given by,
Therefore the demand equation is given by, 
Supply equation is given by
Therefore, the supply equation is given by,
Equilibrium is given by
Answer:
C. How much one unit of currency is worth when converted to another currency
