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zalisa [80]
3 years ago
7

Suppose Scott has a budget of $56 that he spends on movies (Q1) and roller skating (Q2). The price of movie tickets recently inc

reased from $5 per person to $8 per person, and the price of roller skating decreased from $8 to $7 per person. What is Scott's new budget constraint?
Business
1 answer:
8090 [49]3 years ago
5 0

Answer:

1.6 Q1 + 0.875 Q2 = $56

Explanation:

Budget constraint equation represents the total budget allocation to different activities under consideration.

old Budget Constraint

Q1 + Q2 = $56

New Budget Constraint

(Q1)*8/5 + (Q2)*7/8 = $56

(Q1)*1.6 + (Q2)*7/8 = $56

(Q1)*1.6 + (Q2)*0.875 = $56

1.6 Q1 + 0.875 Q2 = $56

So best answer made based on data available.

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Assume the current U.S. dollar-yen spot rate is 125¥/$. Further, the current nominal 180-day rate of return in Japan is 3% and 4
statuscvo [17]

Answer:

124.39Y/$

Explanation:

Calculation to determine the approximate forward exchange rate for 180 days

Using this formula

Forward exchange rate/spot exchange rate = [(1+rh)/(1+rf)]*r

Where,

rh = periodic interest rate in the home currency

rf = periodic interest rate in the foreign currency

r=Spot rate

Forward exchange rate= [1+3%*180/360]/[1+4%*180/360]*125¥/$.

Forward exchange rate = 1.015/1.02* 125¥/$

Forward exchange rate= 124.39Y/$

Therefore the approximate forward exchange rate for 180 days is 124.39Y/$

6 0
3 years ago
Mary Kay Cosmetics and Amway (multi-layer marketing companies) sell their products through home and office sales parties, online
Sindrei [870]

Answer:

Direct

Explanation:

Distribution channels refers to a system in which an organization makes its products available to potential customers.

Direct distribution refers to the process in which goods are sold directly to the consumers. It allows the customers to purchase goods directly from the manufacturers without any form of intermediaries.

Direct distribution enables a manufacturer to interact directly with the customers and get feedbacks about their products.

8 0
3 years ago
Suppose that a monopoly firm finds that its MR is $56 for the first unit sold each day, $55 for the second unit sold each day, $
zysi [14]

Answer:

Explanation:

the file attached shows the solution to the three questions asked i hope it helps. thank you

Download docx
6 0
3 years ago
Venus Inc., a producer of high-end computer software, provides merchandising aids to its distributors in the form of interactive
Tanya [424]

Answer: push marketing strategy

Explanation:

A Push Marketing Strategy can sometimes be referred to as the push promotional strategy, and this occurs when businesses take their products to the customers.

In this strategy, different marketing techniques are used by the company to push their products to the consumers. This can be seen in the question given as Venus Inc. is utilizing different methods in order to accelerate the sale of its new product.

6 0
3 years ago
Josie recently took a job in the marketing department for Beachside Bagels and Bakery. After just a few days on the job, Josie l
Natalija [7]

Answer: Bureaucratic organization

Explanation:

A bureaucratic organization is an organization with a pyramidal shaped structure thereby decisions are made in an organized manner and there is high formality in its operations. It involves different layers of management from the top executives to managers till it gets to the lower staffs

Authority and decision making generally comes from the top till it gets to lower layers. Examples of bureaucratic organizations can be found in colleges and police departments.

6 0
4 years ago
Read 2 more answers
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