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horrorfan [7]
3 years ago
11

Suppose that demand is perfectly inelastic at 20 million bags, so that consumers demand 20 million bags no matter what the price

is. What price should you charge if you want the firm to earn only a fair rate of return? Assume as always that TC includes a normal profit.
Business
1 answer:
ivanzaharov [21]3 years ago
8 0

Answer:

$1.50 per bag

Explanation:

The price that yields a fair rate of return is also the price that makes  economic profit = 0. That sales price = average total cost. So we first must determine total costs for producing 20 million bags:

  • total costs = fixed costs + variable costs = $10 million + (20 million x $1) = $30 million

Now we need to determine average total cost:

  • average total cost at 20 million bags = $30 million / 20 million bags = $1.50 per bag
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Phyllis Stintson needs to decide whether to start a campaign against deforestation in Indonesia. Though her research team has pr
Helen [10]

Answer:

B) intuition

Explanation:

Analyzing the scenario above, it is clear that Phyllis Stintson performed the decision-making process according to her intuition.

It is possible to perceive the use of intuition as the question provides information that he made the decision by drawing unconscious references from several different experiences in the past.

Intuition can be an important skill for leaders, who need to make decisions that are increasingly quick and important for the success of an organization, so it is important that a leader's self-awareness is a valued characteristic, because from self-awareness the leader has greater emotional control over his experiences, his intuition, his knowledge and other essential characteristics which will be useful to base an important decision-making process.

7 0
3 years ago
Refer to Exhibit 9.3, which shows the cost and revenue curves for a non-discriminating monopolist. The total cost incurred by th
lbvjy [14]

Answer: $19,800

Explanation:

The Monopolist will produce at a quantity where Marginal Revenue equals Marginal cost.

From the exhibit, that quantity is shown to be 1,100.

At that quantity, the average total cost incurred is $18.

Total Cost

= Average total cost * quantity

= 18 * 1,100

= $19,800

7 0
3 years ago
Andy tells Ervin and Marina that everyone will lose their jobs if the company goes out of business, whether they have guild prot
Lelechka [254]

Answer:

Pressure

Explanation:

Influence Tactic are ways a leader tries to influence people working with him to do a particular task or improve performance.

Among the influence tactics available, the influence tactic that Andy is most likely utilizing when he says that everyone would lose their jobs if the company goes out of business, regardless of guild protection is Pressure.

Pressure as an influence tactic tries to influence people through the use of threats, demands, or intimidation to get them to agree with a request.

6 0
3 years ago
Which of the following cities currently has a city government with a strong mayor-council form of government?
photoshop1234 [79]

Answer:

The correct answer is letter "B": Houston.

Explanation:

A city council government is a type of governance management constituted by a chief executive officer (mayor) and a legislative body (the city council). Both entities work towards enforcing legislation and keeping a balanced budget. Though the relationship working method may vary if the city council is "strong" or "weak". In the strong city council, the mayor is not part of the city council but has more power to act individually. On the other hand, in the weak city council, the mayor is part of the city council but has limited power.

Houston (Texas) is one of the cities in the U.S. that has a strong city council type of government.

7 0
3 years ago
Read 2 more answers
The ACME company manufactured x brooms per month from January to April, inclusive. On the first of each month, during the follow
Papessa [141]

Solution:

Pick some smart number for x,

let x=2 (I chose x=2 as in this case monthly shipments would be X/2=1).

From January to April, inclusive 4x=8 brooms were produced and

in May the company paid for storage of 8-1 =7 brooms,

in next month for storage of 6 and so on.

So the total storage cost would be:

= 1 ∗ (7+6+5+4+3+2+1+0)

= 28

--> as x=2 , then 28 = 14x

So the answer is 14x

4 0
3 years ago
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