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Mashutka [201]
3 years ago
7

A monopoly that is maximizing profits operates in the ________ portion of the demand curve.

Business
1 answer:
Alekssandra [29.7K]3 years ago
8 0
In the elastic portion of the demand curve.
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How did IT help the company solve that problem?
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Per Chevron’s 3Q 2013 filing, what was the percentage change in the cost of purchased oil products when comparing nine months en
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Answer:

Per Chevron 3Q 2013 Filling:

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2.47%

Explanation:

a) Data and Calculations:

Cost of purchased oil products:

2013       $34,822,000,000

2012       $33,982,000,000

Change $840,000,000

Percentage Change = $840/$33,982 x 100

= 2.47%

b) The implication is that Chevron's cost of purchased oil products in third quarter of 2013 increased by 2.47% when compared with the same period in 2012.  This percentage change is calculated by subtracting the Q3 2012 cost of purchased oil products from the Q3 2013 cost of purchased oil products and then dividing the difference by the Q3 2012, and multiplying by 100.  The change could be caused by increases in the price of oil products or other variables.

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3 years ago
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The Current share price is $94.79

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According to given data

Last dividend = D0 = $3.40

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After 3 years = 7.3% in perpetuity

Dividend after 3 years = D3 = 3.40 x ( 1 + 0.29 )^3 = $7.30

We can calculate the price of share using following formula:

Price of share = D3 / Rate of return - Growth rate

Price of share = $7.30 / 15% - 7.3% = $7.30 / 7.70% = $94.79

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3 years ago
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