1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Licemer1 [7]
3 years ago
9

Residents of Mill River have fond memories of ice skating at a local park. An artist has captured the experience in a drawing an

d is hoping to reproduce it and sell framed copies to current and former residents. He thinks that if the market is good he can sell 500 copies of the elegant version at ​$150 each. If the market is not​ good, he will sell only 450 at ​$100 each. He can make a deluxe version of the same drawing instead. He feels that if the market is good he can sell 700 copies of the deluxe version at ​$110 each. If the market is not​ good, he will sell only 350 copies at ​$90 each. In either​ case, production costs will be approximately ​$40 comma 000. He can also choose to do nothing at this time. If he believes there is a 50​% probability of a good​ market, what should he​ do? A. Make the deluxe version B. Make the elegant version C. Nothing

Business
1 answer:
MA_775_DIABLO [31]3 years ago
4 0

Answer

A. Make the deluxe version

The answer and procedures of the exercise are attached in a the following images.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 3 sheets with the formulas indications.  

You might be interested in
22) One year ago the spot rate of U.S. dollars for Canadian dollars was $1/C$1. Since that time the rate of inflation in the U.S
saw5 [17]

Answer: C) $1.04/C$1

Explanation:

We define the inflation rate in a certain country as

  • a rate at which the value of a currency is falling
  • as a result the usual level of prices for goods and services keeps rising.

1 year ago the spot rate of U.S. dollars for Canadian dollars was $1/C$1.

That time inflation rate in US was 4% greater than in Canada.

So, the  current spot exchange rate of U.S. dollars for Canadian dollars :

($1 + 4% of $1)/C$1

=($1+$0.04)/ C$1

=$1.04 / C$1

Hence, the correct option is C) $1.04/C$1

6 0
3 years ago
While harry was intoxicated, he sold his car to ben for substantially less than its fair market value. this contract is consider
VMariaS [17]
The answer to this question is that the contract is voidable. A voidable contract specificallt means that the contract can still be implemented or affirmed or rejected by one of the parties due to valid reasons. A situation where in a contract can be voidable is when the other party is not in the capacity to enter into a contract.
7 0
3 years ago
Label each scenario with the term that best describes it. Use the midpoint method when applicable. Marcel Duchamp was a famous a
Masteriza [31]

Answer:

  • Paul Donut Franchisee : Perfectly Elastic Supply
  • P & G Facial Tissues : Elastic Supply
  • Papermate Pens : Inelastic Supply
  • Bright Ideas Lightbulbs : Perfectly Inelastic Supply

Explanation:

Price Elasticity of Supply is sellers' quantity supplied response to price change. P(Es) = % change in supply / % change in price.

Supply can be classified by Price Elasticity of Supply, as undermentioned :

  1. Elastic Supply : P(Es) > 1 ; % change in supply > % change in price
  2. Inelastic Supply :  P(Es) < 1 ; % change in supply < % change in price
  3. Unitary Elastic : P (Es) = 1 ; % change in supply = % change in price
  4. Perfectly Elastic Supply : P(Es) = ∞ ; Supply responds infinitely to any slight price change & so prices are constant.
  5. Perfectly Elastic Supply : P (Es) = 0 ; Supply responds negligibly to massive price change & so quantity supplied is constant
  • Paul Donut Franchise : Unlimited Supply at constant price, so supply perfectly elastic
  • P & G facial tissues : % change in supply i.e 66% > % change in price i.e 10% , so supply is elastic
  • Papermate pens : % change in supply i.e 10 % < % change in price i.e 15% , so supply is inelastic
  • Bright Ideas Lightbulbs : % change in supply 15% negligible in relation to 400% price change , so supply is perfectly inelastic
6 0
3 years ago
SCENARIO:
nydimaria [60]

Answer: b. Yes, he can subpoena records during the discovery process from both, but the bank and the app store may ask the judge to deny the request or limit the request due to privacy concerns.

Explanation:

Marcus can indeed compel the bank or the app store to provide additional information about the creator of the app should he wish to find out the creator's location and its potential assets so he can purse the case appropriately legal wise.

He can do this by subpoenaing the required information when laying the background for the suit. As this information is considered private and confidential however, both the bank and the store could appeal to the Judge to refuse Marcus's request on the grounds of privacy concerns.

8 0
3 years ago
You are the CEO of a national apparel retail chain and want to add three new stores. Which of the following tools will best help
solmaris [256]

Answer:

A-Intelligent agent

Explanation:

Intelligent agent is a term in artificial intelligence that refers to an autonomous entity that acts with the aim of achieving a goal.

It uses observation by sensors and consequent actuators. Previous knowledge is also used to learn so that goal achievement is possible. They can perceive customer needs and perform some personalised customer service functions.

As a CEO you can use intelligent tool to analyse potential profitability of different locations.

8 0
3 years ago
Other questions:
  • Handy Hiking produces backpacks. In the previous year, its highest and lowest production levels occurred in July and January, re
    5·1 answer
  • The california “standard form” policy of title insurance on real property insures against loss occasioned by:
    7·1 answer
  • For luxury carmakers, the lowest-end models in their product lines often represent only a small portion of their sales. Yet thes
    14·1 answer
  • How much money does a Sales Agent make?
    6·1 answer
  • Suppose the Fed conducts an open market sale of $50 million in government securities. If the required reserve ratio is 20%, what
    15·2 answers
  • Suppose the Federal Reserve announces that it will be making a change to a key interest rate to increase the money supply. This
    13·1 answer
  • Another one.... TRUE OR FALSE<br><br>A debit is the same thing as a deposit.
    5·1 answer
  • Transaction exposure manifests itself when MNCs engage in each of the following, except: Group of answer choices Forward market.
    7·1 answer
  • Dr. Homer Simpson, an economics professor, decided to take a year off from teaching to run a commercial fishing boat in Alaska.
    10·1 answer
  • Discriminatory practices that are deeply embedded in institutions such as education, health care, business, and criminal justice
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!