<span>a. </span>No. Since the good that I am selling
is inelastic considering the elasticity given in and outside Texas, having a
lower price than non-Texan gas stations would have less impact on the quantity
demanded.
<span>b. </span>The profit-maximizing price to
charge a Texan for a car wash would be $12.
<span>c. </span><span>The profit-maximizing price to
charge a Californian for a car wash would be $18. </span>
<span>(See attached for the calculations.)</span>
Answer: Vertical integration
Explanation:
vertical integration is simply a situation whereby an organization's or company's supply chain is owned by that organization or company.
Therefore, being less dependent on suppliers and making profits on both parts and the final product are advantages of vertical integration.
Answer:
$408.25
Explanation:
The monthly repayment will be the amount dues at one year divided by 12 months.
The amount of due after will interest plus principle
The formula is : Amount = P x (1+ r)t
principle(p) = $4600
Interests (r)=6.5 %
Time( t)= 1 year
=4600 x(1+ 6.5/100)t
=4600 x (1+0.065)1
=4600 x 1.065
Amount due after one year =4,899
The monthly installment will be = 4,899/12
=$408.25
The answer to the question is goodness of fit.
Goodness of fit here refers to a style of parenting identified by Alexander Thomas and Stella Chess. They believed that parents who exhibit this parenting style shows that there is congruence or fit between the child’s personality and the parenting practices that the child’s parents use. Each child might require a different approach in parenting, and when there is a mismatch between the two, a poorness-of-fit situation will instead come into effect.
Answer:
John will lose the lawsuit
Explanation:
Businesses have a right to set the price of their products, and when the customers considers the price and agrees with it the deal is sealed.
In the given scenario John made the purchase at $60 per tie and he was satisfied with the sale at point of purchase.
He only became enraged when Bill told him he bought his identical ties at $10.
John will lose a lawsuit of he fails to pay the charge-account bill because he willingly agreed to the $60 per tie price.
