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Kisachek [45]
4 years ago
8

Jason, a high-school student, mows lawns for families in his neighborhood. the going rate is $12 for each lawn-mowing service. j

ason would like to charge $20 because he believes he has more experience mowing lawns than the many other teenagers who also offer the same service. if the market for lawn mowing services is perfectly competitive, what would happen if jason raised his price?
Business
1 answer:
Snowcat [4.5K]4 years ago
8 0
For the answer to the question above, I<u><em> believe the answer is </em></u><span><u><em>If Jason raises his price he would lose all his customers.</em></u></span>

Because a teenager could do that and he doesn't need an experience for lawn mowing and if you'll gonna increase your price. Be sure that you offer something additional or something special. A price hike in a competitive market is not good at all. Whether it's a big or a small business
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When a firm initiates a price​ decrease, it must seriously consider how competitors will react. although not all competitors are
Anika [276]
The firm initiates a price decrease, their projection on the competitors' reaction is they will also decrease their price to level with them. Starting a price decrease will affect the whole market of like products. Also, another angle that they considered is they will be reprimanded by their regulatory board. 
3 0
3 years ago
Which activity is the forth-step in the decision making process of solving a workplace problem?
STatiana [176]

Answer

Hi,

Correct answer option is {c}

Explanation

There are four stages of solving problems at a workplace;

• Defining the problem where the manager identifies the issue at hand to obtain detailed information about it

• Going through the alternatives, where it involves balancing logical thinking and creativity in accessing and comparing alternatives

• Selecting the best strategy that involves carefully consideration of the options and deciding the strategy which is best for the workplace problem

• Implementing the solution which involves applying the a mixture of reductive analysis and system thinking.

All the Best!

7 0
3 years ago
If omar company applies overhead to jobs on the basis of direct labor hours and job 3 took 120 hours, how much overhead should b
telo118 [61]
You multiply 3 by 120 to get $360 the answer is b. $360
6 0
3 years ago
Suppose the exchange rate is 10 pesos per dollar and you use $1000 to purchase a one-year mexican bond that pays 10% interest. N
Iteru [2.4K]

The amount of money I would have in US dollars would be $1,000

<h3>How much would I have in US dollars?</h3>

The first step is to convert dollars to pesos:

$1000 x 10 = 10,000 pesos

The second step is to determine the value of the investment in a year's time: (1.10) x 10,000 = 11,000 pesos

Now, convert pesos to dollars : 11,000 / 11 = $1,000

To learn more about exchange rate, please check : brainly.com/question/25780725

#SPJ1

6 0
2 years ago
A city government is considering two types of​ town-dump sanitary systems. Design A requires an initial outlay of ​$405 comma 00
SIZIF [17.4K]

Answer:

Desing A is a better deal as the equivalent annual cost is lower than desing B

Anywa, bot desing cost are above the city collections thus, it cannot afford the sanitary systems unless it raises taxes

Explanation:

<em><u>Desing A </u></em>

F0 405,000

operating and maintenance cost 51,000 for 14 years

Present value of the operating and maintenance cost:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C = $ 51,000.00

time = 14 years

rate = 0.07

51000 \times \frac{1-(1+0.07)^{-14} }{0.07} = PV\\

PV $446,018.8673

net worth: $ 851,081.87

equivalent annual cost:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 851,082

time 14

rate 0.07

851081.87 \div \frac{1-(1+0.07)^{-14} }{0.07} = C\\

C  $ 97,316.904

<u><em>Desing B</em></u>

F0 251,000

operating and maintenance cost 89,000 for 14 years

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 89,000.00

time 14

rate 0.07

89000 \times \frac{1-(1+0.07)^{-14} }{0.07} = PV\\

PV $778,346.6507

net worth: $ 1,029,346.65

equivalent annual cost:

1029346.65 \div \frac{1-(1+0.07)^{-14} }{0.07} = C\\

C  $ 117,700.580

5 0
3 years ago
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