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3 years ago

Below is a demand curve for DVDs for a monopoly currently producing at point

2 answers:

4 0

The decrease is a simple 2 dollars that is easy to find out. The demand is decreasing, as is the price to keep the demand atleast a bit steady. The decrease is a 12.5% of the total cash recieved.

choli [55]3 years ago

3 0

The question is incomplete. The complete question could be found here: https://www.coursehero.com/tutors-problems/Microeconomics/19335633-Hi-please-help-me-answer-these-economic-questions-on-elasticity-tax/

Answer:

The change in revenue is (14-16)*$200= -$400. The change in revenue that results just from the increased quantity at $14 is 1400. The overall net effect of this price decrease on the firm's total revenue is (14*300-16*200) = 1000. The price elasticity of demand is elastic.

Explanation:

Price effect is commonly referred to as the influence of a price/value change on the demand for goods and services. On the other hand, in the presence of a price decrease or increase, the quantity of goods and services sold are altered. The price elasticity of demand is normally used to show the effects of only price on goods and services. The answers to the questions using the graph provided are shown above.

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How much must harry's hardware deposit at a 14.5% annual interest for 240 days in order to earn $500 in simple interest?

marissa [1.9K]

To get the formula for the principal, we will use the formula for the interest and derived it from there:

I = Prt is the equation then it will be P = I /rt since we are looking for the principal.

P = I /rt

= $500 / (0.145 x 240/360)

= $500 / 0.0967

= $5170.63

To check:

I = Prt

= $5170.3 x 0.145 x 240/360

= $499.8 or $500

5 0

2 years ago

Read 2 more answers

Free points if ur a simp

Digiron [165]

Answer:simp

Explanation:

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3 years ago

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Compute NOPAT Using Tax Rates from Tax Footnote The income statement for The TJX Companies, Inc., follows. THE TJX COMPANIES, IN

vazorg [7]

Answer:

Explanation:

1)Use spreadsheet for the required computations. Enter values and formulas in the spreadsheet as shown in the image below.

2)The obtained result is provided below.

8 0

3 years ago

Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $172,000 with terms of 2/15, n/45. Payment was made within the

DIA [1.3K]

Answer:

$184,260

Explanation:

Total cost of draw press is $172,000 and if it paid 15 days, there will be a discount of 2% and it is paid within the discount period

The discount is = $172,000 * 2/100 = $3,440

Total amount that would be capitalized is:

= ($172,000 - $3,440) + $4,600 + $11,100

= $168,560 + $4,600 + $11,100

= $184,260

So, the capitalized cost of the 10-ton draw press is $184,260

Note:

- The shipping costs and installation cost will be capitalized

- The cost of insurance in transit and cost incurred to remove a section of a wall will be capitalized as well as they are included in the cost above already

7 0

3 years ago

After visiting several automobile dealerships, Richard selects the car he wants. He likes its $10,500 price, but financing throu

Len [333]

Answer:

a) Total Interest Paid in 24 months is $1680

b) Total Cost of the car is $12180

c) Monthly Payment is $420

d) Annual Percentage Rate is 10.47%

Explanation:

(a) Loan Amount = $8400

Interest Rate = 10%

Monthly Interest = 8400 x (10%/12)

= $70

Total Interest Paid in 24 months = 24 x 70

= $1680

(b) Total Cost of the car = Loan Amount + Interest Paid + Down payment

= 8400 + 1680 + 2100

= $12180

= $350

Monthly Payment = Monthly Interest Payment + Monthly Principal Payment

= 70 + 35

= $420

(d) Annual Percentage Rate = (1+ 0.10/12)12 - 1

= 0.1047

= 10.47%

7 0

2 years ago