Answer:
1. ANSWER: 20,000
2. ANSWER: $400,000
3. ANSWER: $28.45
Explanation:
1. If the average price for a new disposable cell phone is $20, and the total market potential for that product is $4 million;and Topco, Inc. has a planned market share of 10 percent. Then, Topco have the potential to sell in this market 10% * $4 million / $20 = 20,000 units of the proposed cell phone.
2. The planned market share in dollars is 10% * $4 million = $400,000
3. If Atlantic Car Rental charges $29.95 per day to rent a mid-size automobile. Pacific Car Rental, Atlantic's main competitor, just reduced prices on all its car rentals. In response, Atlantic reduced its prices by 5 percent.
Now Atlantic's new cost of rental for mid-size cars is: 95% of $29.95 = $28.45
Answer:
(B). Adverse selection.
Explanation:
Adverse selection in insurance occurs when customers obtain insurance coverage based on certain information they possess about a potential risk, which the insurance company is usually not aware of. For example a person who does a dangerous job may want to purchase a disability insurance.
<em>Sofie and the members of her homeowner's association, looking to increase their homeowner's property coverage limits, due to information they have about possible hurricane storms in the area, is an example of </em><em>adverse selection</em><em>.</em>
Answer:
they would each be 4.9 i think
Explanation: