Answer:
$6.00
Explanation:
Given data
quantity demanded ( x ) ∝ 1 / p^3 for p > 1
when p = $10/unit , x = 64
initial cost = $140, cost per unit = $4
<u>Determine the price that will yield a maximum profit </u>
x = k/p^3 ----- ( 1 ). when x = 64 , p = $10 , k = constant
64 = k/10^3
k = 64 * ( 10^3 )
= 64000
back to equation 1
x = 64000 / p^3
∴ p = 40 / ∛x
next calculate the value of revenue generated
Revenue(Rx) = P(price ) * x ( quantity )
= 40 / ∛x * x = 40 x^2/3
next calculate Total cost of product
C(x) = 140 + 4x
Maximum Profit generated = R(x) - C(x) = 0
= 40x^2/3 - 140 + 4x = 0
= 40(2/3) x^(2/3 -1) - 0 - 4 = 0
∴ ∛x = 20/3 ∴ x = (20/3 ) ^3 = 296
profit is maximum at x(quantity demanded ) = 296 units
hence the price that will yield a maximum profit
P = 40 / ∛x
= ( 40 / (20/3) ) = $6
Answer:
Peer pressure.
Explanation:
Peer pressure: It is a common cause of employee resistance to change. This emotion is created by someone we already know to act in a certain way. The changes are influenced by an individual by a peer. Peer pressure brings changes to the attitude, behavior, values, taste, preference, etc. Even marketing companies use this influential pressure on the customer to make a purchase of particular goods available in the market.
In the given case, Min was influenced by her peer Tyler, who is direct getting affected by the change in product approval system, therefore, Min speaks out against the new system.
C. organize the stacks of paper
REIT returns are highly correlated with returns from other stocks is including reits in a portfolio containing s&p 500 securities produce diversification benefits. Hence, option C is correct.
<h3>What is
stock portfolio?</h3>
A stock portfolio is a collection of stocks that a person invest in with the hope of making money. By putting together a diverse portfolio that covers numerous industries, you can develop your investing skills.
For many years, constructing a 60/40 portfolio in which 60% of the capital would be put in stocks and 40% in fixed-income instruments such as bonds was commonly suggested by financial consultants. Others have called for more equity exposure, particularly younger investors.
Thus, option C is correct.
For more details about stock portfolio, click here:
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The options are missing-
(A) REIT returns are enhanced by the dividend payout requirement
(B)REIT returns are not subject to federal income taxes if certain rules are met
(C)REIT returns are highly correlated with returns from other stocks
(D)REIT return are not highly correlated with returns from other stocks
The herfindahl-hirschman index is calculated by summing the square of each company's market share.
In this case, the two firms separately would account for 628 of the herfindahl-hirschman index (12*12+22*22)
If the firms merge, they would account for 1,156 of the herfindahl-hirschman index (34*34)
This is an increase of 528 meaning the market is more concentrated.