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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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Mr A is unemployed but he decides to move out the labor market to stay at home and enjoy the rest of his life by inheritance. Ot
Dvinal [7]

Answer:

False

Explanation:

In general, the unemployment rate in the United States is obtained by dividing the number of unemployed persons by the number of persons in the labor force (employed or unemployed) and multiplying that figure by 100.

https://www.britannica.com › story

  1. la·bor force

all the members of a particular organization or population who are able to work, viewed collectively.

"a firm with a labor force of one hundred people"

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3 years ago
Google this for me: What is business management?
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4 0
4 years ago
When one country can produce a good more cheaply than another is considered as absolute advantage?
LenaWriter [7]

With the same limitations, absolute advantage enables one company to produce more of this kind of good or service than another.

<h3>What is an example of an absolute advantage?</h3>

Consider California and Mexico as two nations that produce tequila and wine, respectively. Off to the right, a list of the goods that each country can create is presented. As you can see, California has a clear edge in creating both items because it can produce more of everything.

<h3>How is absolute advantage determined?</h3>

Low-cost production enables the achievement of an absolute advantage. In other senses, it describes a person, business, or nation that has cheaper production costs. When (in comparison to rivals): Fewer materials are required to make a product, such an advantage is developed.

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6 0
1 year ago
Smith Company has 800,000 shares authorized and 250,000 shares issued and outstanding of its $2 par value common stock. The stoc
GrogVix [38]

Answer:

retained earnings   40,000 debit

     common stock                                    8,000 credit

    additional paid-in Common Stock    32,000 credit

Explanation:

shares issued:

800,000 shares x 5% = 4,000 new shares

face value of the shares

4,000 x $2 = 8,000

market value 4,000 x $10 = 40,000

additional paid-in 40,000 - 8,000 = 32,000

we decrease retained earnings and increase the euqity account to balance.

3 0
3 years ago
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Green Valley Steel had sales of $1,000,000 and collections of $760,000, leaving a balance of $240,000 in accounts receivable as
enyata [817]

Answer and Explanation:

Debit bad debt expense for $40,000 and credit allowance for uncollectible accounts for $40,000

3 0
3 years ago
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