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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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Goal displacement, satisficing, and groupthink are:
Grace [21]

Goal displacement, satisficing, and groupthink are the<u> advantages of </u><u>group decision-making.</u>

Group decision-making simply means the process where several individuals act collectively in order to analyze a particular problem.

During group decision-making, several ideas are considered and the best approach or idea is chosen in order to achieve a particular goal.

Some of the advantages of the <em>group decision-making</em> include goal <em>displacement, satisficing</em>, and groupthink.

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6 0
2 years ago
4. What are the main political and economic risks that ABB must deal with given that it has a strong focus on entering emerging
Yuki888 [10]

The main political and economic risks which ABB <em>must deal with</em> given that it has a strong focus on <em>entering emerging economies </em>is:

  • The stability of the national government

According to the given question, we are asked to state the  main political and economic risks which ABB <em>must deal with</em> given that it has a strong focus on <em>entering emerging economies.</em>

As a result of this, we can see that when a company or an organisation wants to do business in a new and emerging economy in a county, the major political and economic risks which they have to consider is the stability of the national government so that their business would not be suddenly affected by government policies or wars.

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brainly.com/question/9261004

5 0
2 years ago
Zoey Bella Company has a payroll of $9,440 for a five-day workweek. Its employees are paid each Friday for the five-day workweek
Ratling [72]

Answer:

Dr Salaries expense $7,552

Cr Accrued salaries $7,552

Being entries to record salaries payable as at year end

Explanation:

When an expense is incurred but yet to be paid by an organization, the entries required are

Dr Expense (p/l)

Cr Accrued expense (B/s)

when payment is made

Dr Accrued expense (B/s)

Cr Cash account

Given that Zoey Bella Company has a payroll of $9,440 for a five-day workweek and the year ends on a Thursday. As such, the company  as at 31 December has incurred salaries for 4 days. This has to be accrued for but first to calculate the amount

= 4/5 * $9,440

= $7,552

Hence adjusting entry required on December 31, assuming the year ends on a Thursday

Dr Salaries expense $7,552

Cr Accrued salaries $7,552

Being entries to record salaries payable as at year end

7 0
3 years ago
(Consider This) In the middle ages, the French government auctioned off monopoly rights to the sale of salt. Economic theory pre
ollegr [7]
Babbabababooeeeeeeeeeee
6 0
3 years ago
A mortgage requires you to pay $70,000 at the end of each of the next eight years. The interest rate is 8%.
bazaltina [42]

Answer:

PV $402,264.7261

balance of the mortage

1-y from now   $364,445.9041

2-y from now   $323,601.5765

3-y from now  $279,489.7026

4-y from now  $231,848.8788

5-y from now $180,396.7891

6-y from now   $124,828.5322

7-y from now   $64,814.8148

Explanation:

We sovle for the PV of the annuity of 70,00 during 8 years discounted at 8%

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 70,000.00

time 8

rate 0.08

70000 \times \frac{1-(1+0.08)^{-8} }{0.08} = PV\\

PV $402,264.7261

To know the value of the outstanding dbet we can repeat this formula changing the values for time

t = 7   $364,445.9041

t = 6   $323,601.5765

t = 5   $279,489.7026

t = 4   $231,848.8788

t = 3   $180,396.7891

t = 2   $124,828.5322

t = 1   $64,814.8148

8 0
3 years ago
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