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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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valentina_108 [34]

Answer:

B. the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Explanation:

a consumer surplus is the amount that exceeds the amount that a consumer actually pays for a product and the amount they are willing to pay

5 0
4 years ago
Tullius Corporation has received a request for a special order of 8,600 units of product C64 for $45.50 each. The normal selling
xxTIMURxx [149]

Answer:

Increase in Netcome$89,160

Explanation:

Calculation to Determine the effect on the company's total net operating income of accepting the special order.

Effect on the company's total net operating income of accepting the special order=(8,600units*$45.50)-[8,600units*($ 16.30+5.60+2.80+$5.20)]-$45,000

Effect on the company's total net operating income of accepting the special order=$391,300-$257,140-$45,000

Effect on the company's total net operating income of accepting the special order=$89,160 Increase

Therefore the effect on the company's total net operating income of accepting the special order will be increase in net income of the amount of $89,160

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3 years ago
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Kryger [21]
Control is the right answer to keep things on track
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One way to decrease the size of our ecological footprint is to increase consumption rates decrease consumption rates reduce the
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4 0
4 years ago
During _____, the strategic planning groups decide on a strategic direction by defining the company's mission and goals, its ext
kap26 [50]

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strategy formulation

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3 years ago
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