Answer:
South American country should lower price
Explanation:
The elasticity of demand can be computed by finding the derivative of the demand function as D(p)=75-3*p^2
the elasticity of demand=-p*D'(p)/D(p)
D'(p) is the derivative of D(p)
elasticity of demand=-p*d/dp(75-3p^2)/(75-3p^2)
d/dp(75-3p^2)=0-(2*3p^2-1)
=-6p
elasticity of demand=-p*-6p/75-3p^2)
=6p^2/(75-3p^2)
since p=$3
elasticity of demand=6*(3^2)/(75-3(3^2)
=6*9/(75-3*9)
=54/(75-27)
=1.125
Since elastic of demand is greater than 1 , a reduction in price would lead more revenues as more small % change reduction in price would bring about more % increase in quantity demanded
Answer:
$42,000
Explanation:
Straight line depreciation charges a fixed amount of depreciation for the period the asset is used in the business.
Depreciation Expense = Cost - Salvage Value ÷ Estimated Useful Life
January 1, 2020
Carrying Amount
Cost - Accumulated depreciation = $450,000
Recoverable Amount :
Higher of Fair Value and Future Cash Flows
Recoverable Amount = $420,000
Impairment loss incurs when Carrying Amount > Recoverable Amount
therefore,
Impairment loss = $30,000
December 31 , 2020
Depreciation expense = New Depreciable Amount ÷ Remaining useful life
= $420,000 ÷ 10
= $42,000
The California “standard form” policy of title insurance on
real property insures against loss occasioned by a forgery in the chain of
recorded title.
To add, standard form policy is an insurance policy form that is
designed to be used by many different insurers and has exactly the same
provisions, regardless of the insurer issuing the <span>policy.</span>
Answer: Yield management pricing
Explanation It can be defined as the strategy in which the company studies and influence consumer behavior with the intent of maximizing profit with the limited amount of resources available.
In the given case, the truckers have limited time and they are getting extra revenue from the website. This will result in maximization of their profit.
Thus, from the above we can conclude that the right answer is option E.
If the price of labor falls, the supply of goods rises and the prices of those goods fall.
If labor costs go down, it will cost less for a business to make products so they will make more and supply will go up. When supply goes up, prices tend to fall.
