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cluponka [151]
3 years ago
8

Suppose your elasticity of demand for your parking lot spaces is –2, and price is $8 per day. if your mc is zero, and your capac

ity is 80% full at 9
a.m. over the last month, are you optimizing?
Business
1 answer:
marshall27 [118]3 years ago
7 0
The answer to the question above is "no, the business is not optimizing" according to the information shown on the question above. In this situation, we have the greater marginal revenue (4=8*(1-1/2)) than the marginal cost (0)and the business is not in its full capacity. The parking lot business can increase its marginal cost to achieve its full capacity to gain more profit.
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The manager of Plantation River Country Club wanted members of the very upscale club to use the bar and dining facilities more f
Korvikt [17]

Answer:

The correct answer is B

Explanation:

Responsive is the measure of the quality as well as speed at which the company provides the customer service and the communication.

For example, if the customer who drop the mail enquiring about particular information regarding a service or a product. And, the response for the enquiry could be traced out from how quick the company could reply or responsive to the mail along with the desired information.

So, in this case, the manager did not grasp the responsive in order to make his target market.

7 0
4 years ago
The median annual household income in a certain community of 21 households is $50,000. If the mean income of a household increas
Ostrovityanka [42]

Answer:

answer is  Cannot be determined

Explanation:

given data

household income  = $50,000

increases =  10% per year

time = 2 year

solution

as we know that here mean is increase by 10 percentage

but from the mean  percentage increase in does not meaning that it will increase median also with same percentage

because median also increase by some percentage if data is move up

but we can not say it will move with same percentage

so here answer is  Cannot be determined from given data

5 0
3 years ago
Raleigh BBQ has $48,000 in current assets and $39,000 in current liabilities. Decisions related to these accounts are referred t
cestrela7 [59]

Assuming Raleigh BBQ has $48,000 in current assets and $39,000 in current liabilities. This refers to as working capital management.

<h3>What is Working Capital Management?</h3>

Working capital management can be defined as the way in which a company or an organization ensures that both their current asset and current liabilities are put in use effectively and efficiently.

A company who make use of working capital management  as a strategy  will tend to ensure that their liabilities does not exceed their assets so as to maintain the company financial health.

Therefore this refers to as working capital management.

Learn more about working capital management here:brainly.com/question/14736085

7 0
3 years ago
Shen has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Valerie,
iren [92.7K]

Answer:

3. Correctly ignored a sunk cost

Explanation:

Sunk costs refer to those costs which have been incurred in the past, which are non recoverable and which have no current or future benefits.

Sunk costs are considered as irrelevant for decision making process as they do not relate to current period and have no future implications. For example, research and development expenditure incurred in the past represents a sunk cost.

In the given case, the ticket for opera was already purchased for $100 which can now neither be recovered nor transferred. Thus this cost is irrelevant for decision making as expenditure has already been made. When Shen decided to go for a party instead of the concert, Shen has correctly ignored a sunk cost.

7 0
4 years ago
Assume that Superb Hancock uses first-in, first-out (FIFO) for inventory costing instead of the weighted-average inventory valua
icang [17]

Answer: $33,280

Explanation:

With FIFO, materials cost is added at the beginning.

Cost per unit of materials in production:

= 15,000 / 10,000

= $1.50

Cost per unit of conversion:

= 25,000 / Equivalent unit of production for conversion

Equivalent unit of production for conversion:

2,000 units were not transferred at the end of the month seeing as only 8,000 units were:

= 8,000 + (2,000 * 70%)

= 9,400 units

= 25,000 / 9,400

= $2.66

Amount transferred:

= 8,000 units * (Material cost + Conversion cost)

= 8,000 * (1.50 + 2.66)

= $33,280

5 0
3 years ago
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