Answer:
10 units;
50 units.
Explanation:
The revenue function is given by the price function multiplied by the number of units sold (x).
The break even point occurs when Revenue equals costs:
Therefore, the smallest number of units required for the company to break even is 10 units.
Maximum profit will be achieved at that number of units for which the derivate of the profit function is zero:
The number of units that will give maximum profit is 50.
Based on the fact that Snowpeak Ski Resort offers prices for lifts that are barely over their marginal cost but still make profits from high equipment rental, the pricing strategy in use is Cross-subsidization.
<h3>What is Cross-subsidization?</h3>
This is a pricing strategy that allows a company to charge one group of customers a higher amount for goods sold or services rendered while charging another group of customers a lower amount for other goods and services.
The logic is that the profits from the higher priced goods will take care of the marginal profits from the smaller cost goods and services.
Companies do this because they know that there are services that they can offer that will be easier to sell to people at a higher cost than a lower one. This is what Snowpeak Ski Resort is doing by using the rental fee of equipment to make profits.
Find out more on Cross-subsidization at brainly.com/question/6886629
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Answer: Contrast Effect.
Explanation:
Contrast effect involves making a comparison between two encounters or events that had different outcomes. Jessica would make use of contrast effect to judge Carrie's personality. In which Jessica would compare Carrie's cheerful personality to Michelle's unfriendly personality.
Answer:
correct answer is option C
Explanation:
correct answer is option C
fair value is the price which we will receive to sell an asset or paid to transfer the liability .It is the price of asset at which it is exchange between knowledgeable parties by there own will and not under any pressure.
when the assets is being exchanged at the market then this type of exchange is known as market value.
hence, the most suitable answer is option C FAIR VALUE
