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Dafna1 [17]
3 years ago
7

A demand function for step stools manufactured by U-Step is q = -720p + 20,500.

Business
1 answer:
meriva3 years ago
5 0

Answer:

$140,420

Explanation:

The demand function is q = -720p + 20,500.

The price is $17

q = -720 ($17) + 20500 = 8260

The quantity sold is 8260

Revenue = price × quantity sold

= $17 × 8260 = $140,420

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A firm has a debt-equity ratio of 57 percent, a total asset turnover of 1.12, and a profit margin of 4.9 percent. The total equi
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Answer:

$44,083.72

Explanation:

Given:

Debt ratio = 57%

Asset turnover = 1.12

Profit margin = 4.9%

Total equity = $511,640

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Debt = debt ratio × total equity

= 0.57 * 511640

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Find total turnover:

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= $44,083.72

The amount of net income is $44,083.72

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4 years ago
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2 years ago
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Consumers determine value of the product on the basis of _______. a. perceived satisfaction b. the opportunity cost to buy the p
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Consumers determine value of the product on the basis of the opportunity cost to buy the product.

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When the consumers calculate the value of product, they look at the benefits and then subtract the cost to see if the benefits exceed the costs.

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A court ruling against the wrongful dismissal of employees is a development in the _____ component of the general
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<span>A court ruling against the wrongful dismissal of employees is a development in the political or legal component of the general. Wrongful dismissal or termination of contract of employment without proper process violates the law of contracts. When this happens, the court takes the employee's rights into consideration in filing damages.</span>
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