Answer:
a) QXd = 300 - 2PX.
Inverse demand curve (PX = - QXd) => 2PX = 300 - QXd => 2PX/2 = 300/2 - QXd/2 ) => PX = 150 - QXd/2
b) In calculating consumer surplus, knowing maximum willingness to pay (WTP) is first (Price when Quantity demanded is 0)
PX = 150 - QXd/2
At Q = 0, P = 150
At Px = $45,
QXd = 300 - 2*45
QXd = 300 - 90
QXd = 210
Consumer surplus is the area of the triangle whose base = Quantity demanded and height is the difference between price and WTP
CS = 1/2 * 210 * (150 - 45)
CS = 22050/2
CS = 11025
c) At Px = $30
QXd = 300 - 2*30
QXd = 300 - 60
QXd = 240
CS = 1/2 * 240 * (150 - 30)
CS = 1/2 * 240 * 120
CS = 28800/2
CS = 14400
d. As the price of a good falls, Consumer surplus increases because of increase in distance between WTP and price.
Answer:
B. To convince your manager to use a new meeting organization tool
Explanation:
A proposal talks about the benefits of making a change, so it would be the right tool to convince your manager to use a new meeting organization tool.
Unlike a report which deals with something that happened in the past (answers A, C and D), a proposal talks about the future. It's a way to convince people to adopt new ideas or change the way things are done.
Answer: $5,900,000
Explanation:
If If the Italian subsidiary's functional currency is the U.S. dollar, the equipment account, in U.S. dollars will be calculated as:
Equipment purchased = € 1000000
Exchange rate = $1.40
Amount in dollars = $1,400,000
Equipment purchased = € 3000000
Exchange rate = $1.50
Amount in dollars = $4,500,000
Therefore, the equipment account, in U.S. dollars will be:
= $1,400,000 + $4,500,000
= $5,900,000
Answer:
Martin Luther King Jr. believed that in order for an integration movement to be successful, it had to be:
- organized in a militant manner: members must be vigorously active supporting the cause
- the movement must have a mass character: must include everyone, not just some selected individuals
- the movement must reject (repudiate) violence
If a movement doesn't embrace peace, then it will generate conflict and violence. If the members are passive, there ideals will not be noticed. If the movement does not include everyone, then it will create more segregation.
Technical skills are the abilities and knowledge needed to perform specific tasks. They are practical, and often relate to mechanical, information technology, mathematical, or scientific tasks. Some examples include knowledge of programming languages, mechanical equipment, or tools.
