Depends on what it is like car medical etc.
Answer:
The correct answer is b. the price of a good times the quantity of the good that is sold.
Explanation:
Total income (IT): is simply the price of a good multiplied by the quantity of that good sold. The sum of the income obtained from the sale of all the units produced or the total amount that a company receives for the sale of its product: the unit price for the quantity of product that the company decides to produce.
It is calculated as the price of the good multiplied by the quantity sold.
When the price is reduced, what happens to income, that is, whether it increases or decreases, will depend on the quantity demanded increasing enough to counteract the effect of the price reduction. For a competitive (price-taking) company in the product market, Total Revenue is simply proportional to production.
Answer:
The answer is option <u>D) Ratio Scale</u>
Explanation:
Ratio scale is a type of variable measurement scale which is quantitative in nature. Ratio scale allows any researcher to compare the intervals or differences.
The most common examples of ratio scale are height, money, age, weight etc. With respect to market research, the common examples that are observed are sales, price, number of customers, market share etc.
you can use multiplication or division to "scale" ratios.
Multiplying or dividing all terms in a ratio by the same number creates a ratio with the same proportions as the original, so, to scale your ratio, multiply or divide through the ratio by the scaling factor
Answer:
$44.25
Explanation:
<u>procedure 1:</u>
we can determine the present value of the stock using the following formula:
present value = future value / (1 + constant growth rate)ⁿ
- future value = $50
- constant growth rate = 13%
- n = 1
present value = $50 / (1 + 13%) = $50 / 1.13 = $44.25
<u>procedure 2 (optional):</u>
future value = future dividend / (required rate of return - constant growth rate)
$50 = future dividend / (18% - 13%)
future dividend = $50 x 5% = $2.50
now we must determine the dividend for the current year:
current dividend = future dividend / (1 + constant growth rate)
current dividend = $2.50 / (1 + 13%) = $2.50 / 1.13 = $2.21
now we apply the Gordon growth model:
present value = dividend / (required rate of return - constant growth rate)
present value = $2.21 / (18% - 13%) = $2.21 / 5% = $44.25
