Answer:
So unit elastic at q = 5
inelastic above 5
and elastic below 5
Explanation:
The elasticity is determianted by the marginal revenue.
Our first goal is to find the marginal revenue function
p = 40 - 4q
total revenue(TR) = quantity times price
q x (40 - 4q) = -4q^2 +40q
marginal revenue TR(q)/d(q) = -8q + 40
Now, with this fuction the economic analisys states that a demand is unit elastic when marginal revenue is zero.
It will be inelastic below zero and elastic above zero
MR will be zero when q = 5
-8(5) + 40 = 0
As quantity increases the demand will be inelastic
while
Answer:
d. Reported as a current asset on the balance sheet
Explanation:
Merchant inventory refers to st finished goods available for sale at any given time. Merchant inventory is commonly referred to as inventory. It is recorded as a current asset in the balance sheet.
Merchant inventory is acquired through purchasing by retailers, wholesalers, and distributors to be sold to customers. Merchant inventory will specifically refer to the unsold goods at the end of a period. It is recorded at its acquisition cost. i.e., the cost which the trader paid to obtain the merchandise.
Answer:
the amount that added to estimated liability is $1,330
Explanation:
The computation of the amount that added to estimated liability is as follows
= 800 units sold × 3% defective - five defective units
= 24 units - 5 units
= 19 units
Now the amount that should be added is
= 19 units × $70 per unit
= $1,330
Hence, the amount that added to estimated liability is $1,330
The same is to be considered
Answer:
Yield with 6-day maturity is 7.70%
Yield with 18-day maturity is 2.57%
Explanation:
The formula for yield on repurchase is given as:
y = ( PAR – P ) / P x (360 / t )
P=Purchase price
PAR=Repurchase price
t= number of days of the transaction
In first scenario,PAR is $39 million,P is $38.95 million and t=6
y=($39000000-38950000)/38950000*(360/6)
y=7.70%
In the second scenario,details remained the same except for t that is 18
y=($39000000-38950000)/38950000*(360/18)
y=2.57%
This implies the longer the maturity the lesser the yield since yield is computed on daily basis.
Answer:
Firstly by sending him a check for $100, Hazel informs him that she adopting the idea and because it his idea he can use the loopholes of the competitor's advantage.
Hazel might be sued for using the idea for her business as the idea is now an idea of a competitor.
Explanation:
