Answer:
- ,000 new apartments will make the equilibrium price = $1,500
- 10,000 new apartments will make the equilibrium price = $1,000
- 15,000 new apartments will make the equilibrium price = $500
Explanation:
<u>Rent</u> <u>Demand</u> <u>Supply</u>
2,500.00 10000 15000
2,000.00 12500 12500
1,500.00 15000 10000
1,000.00 17500 7500
500.00 20000 5000
The equilibrium quantity is 12,500 apartments with a $2,000 rent per month. If the government wants to lower the equilibrium rent price by increasing the supply of apartments, then it must build:
- 5,000 new apartments will make the equilibrium price = $1,500
- 10,000 new apartments will make the equilibrium price = $1,000
- 15,000 new apartments will make the equilibrium price = $500
Answer:
option (D) $1,000
Explanation:
Data provided in the question:
Sales when 10 prefabricated garages per week are sold = $10,000 each
Sales when 9 prefabricated garages per week are sold = $11,000 each
Now,
Marginal revenue is given as Change in revenue with 1 unit change in production
Thus,
Marginal revenue = ( $10,000 × 10 ) - ( $11,000 × 9 )
= $100,000 - $99,000
= $1,000
Hence,
The answer is option (D) $1,000
I think Campbell should face the competition by just focusing only on their business. They should focus on how to provide a better quality soup business to their customers. They should make their customers feel very satisfied and happy. They should face the competitors by providing the customers good quality soup and also at a less price than that of the competitors.
This will help in attracting many customers and the customers will feel very happy coming to such a business where they get these benefits.
Thus, the best way to face any competition is to make yourself better enough in comparison to other competitors so that the soup business doesn't have to do anything to attract customers. Customers should come by their own willingness.
This will surely help Campbell to remain at the top of the business and earn more and more and achieve its goals and objectives.
Learn more about the soup business at
brainly.com/question/17130040
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June 12 2k15
I loved that movie and watched it the first day
Answer: Option (c) is correct.
Explanation:
Given that,
Round off the values of items to the nearest half dollar are as follows:
Item 1 = $2.00
Item 2 = $1.00
Item 3 = $3.50
Item 4 = $10.00
Item 5 = $6.00
Estimated total cost of items = Item 1 + Item 2 + Item 3 + Item 4 + Item 5
= $2.00 + $1.00 + $3.50 + $10.00 + $6.00
= $22.50
Hence, nearest value is $22.50.
Therefore, option (c) is correct.