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Norma-Jean [14]
4 years ago
5

Rent-A-Reck Incorporated finds that it can rent 60 cars if it charges $40 for a weekend. It estimates that for each $5 price inc

rease it will rent two fewer cars. What price should it charge to maximize its revenue

Business
1 answer:
kipiarov [429]4 years ago
5 0

Answer: $38

Explanation:

Based on the scenario in the question, the equation for the total revenue will be:

= (60 - 2n)(40 + 5n).

It should be noted that the coefficient of increment is represented by n.

Check the attachment for further details.

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Categorize each scenario as describing a movement along a demand curve or a shift of the demand curve.
shtirl [24]

Answer:

i Think the answer is A

Explanation:

it could be A because the college students want to reduce the detergent and want to try to response to the higher prices

8 0
3 years ago
Having a low credit score can make it more difficult to: a obtain a car loan b open a new credit card c secure an apartment leas
lys-0071 [83]
I think the correct answer from the choices listed above is option D. Having a low credit score can make it more difficult to obtain a car loan, open a new credit card and secure an apartment lease. <span>A </span>credit score<span> is a numerical expression based on a level analysis of a person's </span>credit<span> files, to represent the creditworthiness of the person. </span><span>Hope this answers the question. Have a nice day. </span>
7 0
3 years ago
An oil-drilling company must choose between two mutually exclusive extraction projects, and each requires an initial outlay at t
masha68 [24]

Answer:

                     PLAN A

Year Cashflow [email protected]           PV

             $'m                $

0          (12.4)         1          (12.4)

1           14.88      0.8905          13.25

          NPV                 0.85

                   PLAN B

Year Cashflow [email protected]    PV                              

                   $'m                                 $'m

0          (12.4)          1    (12.4)

1-20  2.2034      7.3309  16.15

          NPV           3.75

Project B should be accepted

Explanation:

In this case, we need to discount the cash inflow of plan A at 12.3% for 1 year and then deduct the initial outlay from the present value of cash inflow. The discount factor could be derived from the present value table.

For plan B, we will discount the cash inflow at 12.3% for 20 years. In this case, we will use the annuity factor for 20 years.  Thereafter, we will multiply the cashflow by the annuity factor for 20 years to obtain the present value. The initial outlay will be deducted from the present value so as to obtain the net present value(NPV).

The annuity factor can be obtained from the present value of annuity table.

The project with the higher NPV will be accepted.

6 0
3 years ago
the structured and informal organizational network that is founded in social relationships rather than organizational charts or
myrzilka [38]

Answer: The options are:

True/False.

The answer is True

Explanation: Grapevine is an unofficial, informal, and personal channel of communication that occurs within an organization.

This kind of system does not follow organizational charts, or job description.

An attribute of this system of communication is that it can happen between an employee and his/her superior without following any formal structure.

It will mostly take the shape of rumors among colleagues.

7 0
4 years ago
Instead of attending class, one could have worked an extra hour at the café for $10 or watched a neighbor’s child for $15. the o
Lina20 [59]
The opportunity cost of attending class is the $15 that could have been made by watching a neighbor's child.
Opportunity cost refers to the benefits that one gives up in order to enjoy another benefit, that is, the benefit that is sacrificed.
In this question, two benefits are given up, but the real opportunity cost is the one that have the highest value, which is the $15.
6 0
3 years ago
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