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Alex787 [66]
3 years ago
11

A group of friends decided to divide the $800 cost of a trip equally among themselves. when two of the friends decided not to go

on the trip, those remaining still divided the $800 cost equally, but each friendâs share of the cost increased by $20. how many friends were in the group originally?
Business
1 answer:
s344n2d4d5 [400]3 years ago
6 0
Total cost for the trip = $800.

Let x  =  original number of friends.
Therefore the equally shared cost of the trip for each friend is $800/x.

After 2 friends drop out, the cost for each friend increases to $800/(x-2).
The increase in cost for each remaining friend is $20, therefore
\frac{800}{x-2} - \frac{800}{x} =20
Divide through by 20.
\frac{40}{x-2} - \frac{40}{x} =1\\ \\\frac{40x-40(x-2)}{x(x-2)} =1 \\ \\ \frac{80}{x(x-2)} =1
Cross multiply.
x(x - 2) = 80
x² - 2x - 80 = 0
(x + 8)(x - 10) = 0
x = -8 or 10
Reject x = -8 because we cannot have a negative number for friends.
x = 10

Answer: There were 10 friends in the original group.
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Answer: The correct answer is False.

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If a business is not ethical, then they need to change the way they work and do business and lead by example.

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3 years ago
Two​ firms, A and B​, must each choose either a low price or a high price for their product. The payoff matrix shows the profit
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Answer: 1. A.Both firms will choose the low price.

2. B. Both firms would choose the high price.

Explanation:

1. If the firms cannot cooperate with each other and must choose simultaneously, both firms will choose the low price.

This is because at the low price both of them are at the highest profit they can make when they are not cooperating. For instance, if Firm B chooses Low Price and Firm A chooses High Price, Firm A will make $3 million while Firm be will make $8 million.

If Firm B decides to have a high price then firm A will take the low price and make $8 million in profit while Firm B makes $4 million. If they are not working together, they will both have to take the low price to make the most profit.

2. If the firms could cooperate with each​ other, both firms would choose the high price.

The is because they will be making more than competing and getting a lower profit. Should they cooperate they will each get $7 million in profit because they will pick the option they can both make the highest profit at. The is better than competing and making only $5 and $6 million respectively.

If you need any clarification do comment. Cheers.

4 0
3 years ago
You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and forgone wages) are m
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Answer:

Which of the following is true if you decide to take the vacation?

(B) The benefits of going on the vacation exceed the benefits you would obtain from the new computer.

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The benefits of going on the vacation exceed the benefits you would obtain from the new computer.

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When contemplating a product deletion, a firm studies customer migration patterns to determine: the profit contribution of the p
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Customers regular move from one good to another or from one good to it's substitutes in a process called Customer Migration.

There are various reasons for this such as affordability, change in technology, trends and the like.

When a company contemplates ending a product line and decides to study customer migration patterns, they are checking to see what the customer will switch to when the product is deleted. If they make substitutes to the product to be deleted, they will be checking to see if the customers will switch to these substitutes if the product line is ended.

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3 years ago
During 2004, ABC Company had $750,000 of net credit sales. Accounts Receivable had a December 31, 2004, balance of $250,000.
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c. $24,500

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The balance in the allowance for doubtful accounts after adjustment is $22,500 + $2,000 = $24,500

8 0
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