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3 years ago

B) Answer the following questions.

Business

1 answer:

lana [24]3 years ago

6 0

Answer:

Yes, agree, business transactions are economic transactions. Two reasons why:

Profit motive: economic transactions have a profit motive: they are carried out and agreed upon between the two parties, because the parties feel that they will be better off after the transaction is completed. Business transactions are based on the profit motive.
Things of value: goods and/or services, are exchanged between the parties. In business transactions, either a good (for example, an asset), or a service (for example, employees), is always exchanged.

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Simon is a sales representative with McKesson who works with independent and chain drug stores to provide branded and private la

Crank

Answer:

Societal marketing orientation

Explanation:

Options include "a. Societal marketing orientation , b. Production orientation , C. Sales orientation , d. Market orientation

Societal marketing orientation is an idea to engage the customers in marketing movement of the company. If the customers evangelize the product on the company’s behalf the company finds success very easily and efficiently. Societal marketing orientation not only focuses on the needs of the customers but also on the fulfillment of the social responsibility

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4 years ago

The price of a hairpiece was increased from $500 to $550. what was the percent of increase? 9.1%. 10%. 20%. 25%. none of these.

Lelechka [254]

The answer is "10%".

<span>price of a hairpiece was increased from $500 to $550
So, the difference is = 550 - 500 = $50
original price = $500
now, divide the </span><span>difference between the prices by the original price:
50/500 = 1/10
now to get percentage multiply it with 100;
1/10 x 100 = 10%</span>

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4 years ago

im Hunter has decided to retire to Florida in 10 years. What amount should Jim invest today so that he'll be able to withdraw $2

VLD [36.1K]

If he wants to withdraw $25,000 each year for 30 years after his retirement 10 years from now, he should invest either letter B. $105,470.27 or D $108,490.27. While he was withdrawing $25,000.00 his investment still remains untouched for the 30 years and it is still increasing. He may increase his yearly withdrawal.

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3 years ago

Which of the following is an example of an intergovernmental organization?

melomori [17]

Answer:

C the world bank

Explanation:

6 0

3 years ago

Read 2 more answers

Suppose Dan’s cost of making pizzas is C(Q) = 4Q + (Q2/40), and his marginal cost is MC = 4 + (Q/20). Dan is a price taker. (a)

Natalija [7]

Answer:

(a) Dan’s supply function S(P) can be stated as follows:

S(P)= 0 If P<4.

And S(P) = 20P- 80 If P≥4

(b) Dan’s supply function S(P) can be stated as follows:

S(P)= 0 If P<5.

And S(P) = 20P- 80 If P≥5.

Explanation:

Note that the equations given in the question can be correctly stated as follows:

C(Q) = 4Q + (Q^2/40) .................. (1)

MC = 4 + (Q/20) ............................ (2)

Therefore, we can now proceed as follows:

(a) What is Dan’s supply function?

The upward portion of the MC curve is the supply function of Dan.

Equating equation (2) to P, we have:

P = 4+ (Q/20)

P- 4 = Q/20

Q = 20P -80

The shutdown rule is that P > AVCmin

AVC = C(Q) / Q .................. (3)

Substituting equation (1) into (3), we have:

AVC = ( 4Q + Q^2/40)/ Q

AVC = 4 + (Q/40) ............... (4)

Since MC cuts the AVC at its minimum, equations (2) and (4) are then equated to solve Q which is the output level at which AVC is minimum as follows:

4 + (Q/20) = 4 + (Q/40)

(Q/20) - (Q/40) = 4 - 4

(Q/20) - (Q/40) = 0

Q = 0

Substituting Q = 0 into equation (4), we have:

AVCmin = 4+ (0/40)

AVCmin = 4

This implies that Dan will produce at any price ≥ $4.

Therefore, Dan’s supply function S(P) can be stated as follows:

S(P)= 0 If P<4.

And S(P) = 20P- 80 If P≥ 4.

(b) What is Dan’s supply function if he has an avoidable fixed cost of $10?

Since there is now a fixed cost, equation (1) becomes:

C(Q) = 4Q + (Q^2/40) + 10 ................. (5)

And the average cost (AC) will be as follows:

AC = (4Q + (Q2/40) + 10)/Q

AC = 4 + (Q/40) + (10/Q) .................... (6)

Since AC = MC when AC at its minimum, equations (2) and (6) are therefore equated to solve for Q as follows:

4 + (Q/40) + (10/Q) = 4 + (Q/20)

(Q/40) + (10/Q) = (Q/20)

Q = 20

Divide through by Q, we have:

(1/40) + (10/Q^2) = (1/20)

10/Q^2 = (1/20) - (1/40)

10/Q^2 = 0.05 - 0.025

10/Q^2 = 0.025

Q^2 = 10 / 0.025

Q^2 = 400

Q = $\sqrt{400}$

Q = 20

Substituting Q = 20 into equation (6), we have:

AC = 4 + (20/40) + (10/20)

AC = $5

This implies that Dan will produce at any price ≥ $5.

Therefore, Dan’s supply function S(P) can be stated as follows:

S(P)= 0 If P<5.

And S(P) = 20P- 80 If P≥ 5

7 0

3 years ago