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sladkih [1.3K]
3 years ago
12

When heavy rain ruined the banana crop in central​ america, the price of bananas rose from ​$0.90 a pound to ​$1.10 a pound. ban

ana sellers sold fewer​ bananas, but their total revenue remained unchanged. the quantity of bananas ▼ decreased increased by nothing percent?
Business
1 answer:
HACTEHA [7]3 years ago
3 0

Answer: Total revenue is given by

TR=P*Q

When price of bananas increase from $0.90 to $1.10 a pound and total revenue remained unchanged, it means that the quantity of Bananas sold must have decreased.

Suppose at $0.90 we sold 10 pound bananas getting us $9 revenue.

This means that at $1.10 we have to sell 8 Banana's to get the same amount of revenue.

So, change in quantity = = \frac{10-8}{10}  = 20%

So, their is a decline of 20% in the quantity of Bananas sold.

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The environmental protection agency was formed in 1970 and began to monitor the environmental impact of united states companies,
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The environmental protection agency was formed in 1970, Exchange in the immediate environment is this an example of Governmental bodies and the firm.

<h3>What was the goal of the 1970 Environmental Protection Act quizlet?</h3>
  • This act's objective is to "promote productive and joyful harmony between man and his environment." In 1970, the Environmental Protection Agency (EPA) was established. The cleanup of toxic waste left behind from decades of unrestricted dumping was its primary focus.
  • The Environmental Protection Agency's principal responsibility is to regulate environmental law. It was founded in 1970. They put in place programs to reduce pollution and protect the environment. Describe the federal rules and regulations in place to protect the environment from air pollution.

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7 0
1 year ago
______ is the process of creating a clear, distinctive, and desirable understanding of the product in the consumer's mind relati
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Answer:

Positioning

Explanation:

This has to do with arranging for a market offering to occupy a clear, distinctive, and desirable place relative to competing products in the mind of target consumers.

3 0
3 years ago
2. A welder and a carpenter decided to get out of the construction industry and build farm trailers instead. From building a few
Firlakuza [10]

Answer:

Answer is explained in the explanation section below.

Explanation:

Data Given:

Material Cost Per Trailer = $500

Material Cost plus Profit Per Trailer (15%)  = $500 + 75 = $575

Selling Price = $1000

Labor Cost Remaining Per Trailer = $425

Formula to Calculate the number of Trailers:

X = X1 (N^{S})

Where,

N = number of Trailers

S = Slope Parameter

X = $425

X1 = $700

So, First we need to find the slope parameter, in order to calculate the number of trailers to be built.

S = \frac{log \alpha }{log 2}

where, α = 0.85 rate of improvement.

Plugging in the values into the formula, we get:

S = \frac{log (0.85) }{log 2}

S = -0.234

Now, we can easily find the number of trailers.

X = X1 (N^{S})

Plugging in the values,

425 = 700 x (N^{-0.234})

Solving For N, we get:

N = 8.4 Trailers

N = 9 Trailers.

Hence, 9 Trailers must be built in order to realize this rate of profit.

8 0
3 years ago
Your pharmaceutical firm is seeking to open up new international markets by partnering with various local distributors. The diff
Afina-wow [57]

Answer:

Case 1 = $420 million

Case 2 = $280 million

Case 3 = $350 million

Explanation:

As per the data given in the question,

Annual value by one distributor = $420 million per year

Annual value by two distributor = $560 million per year

Case 1)

The marginal value of first distributor is more than second  

So when negotiating the value, it is = $560 million - $420 million = $140 million

and this value would be distribute between both. so each will get = $140 million / 2 = $70 million

and you would expect to capture $420 million of this deal

Case 2)

As distributors are run by government, so negotiation will be done with both the distributor at same time and margin would be $560 million and you would be grabbed = $560 million ÷ 2 = $280 million

Case 3)

In this case marginal amount of contact = $560 million - $140 million = $420 million

and half of it = $420 million ÷ 2 = $ 210 million, which is the amount to be offered  

and you would expect to grab the remaining amount = $560 million - $210 million  

= $350 million

7 0
3 years ago
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