Answer:
-$2.4
Explanation:
Costs of lottery ticket $10 per ticket.
100 tickets available to be sold
One $430 prize
two $105 prizes
four $30 prizes
100 available tickets -7 prizes= 93
P(430) = 1/100
P(105) = 2/100
P(30) = 4/100
P(-10) = 93/100
-10(93/100) + 30-10 (4/100) + 105-10 (2/100) + 430-10 (1/100)
= -10(93/100) + 20(4/100) + 95(2/100) + 420(1/100)
= -9.3 + 0.8 + 1.9 + 4.2 = -2.4
Therefore the expected loss will be $2.4
Answer:
Market segment
Explanation:
Consumers that share similar interest are grouped together to form a market segment. This is a marketing strategy to direct marketing communication to such groups expecting similar response from them.
This way the organization will be able to identify target customers and ensuring that marketing activities are successful.
Here, Alexander has identified market segment in commercial and real estate buyers as their response are similar to the marketing communication.
Based on the amount of equity and that of assets, the percentage funded by owners is<u> 29.4%. </u>
<h3>What is the Percentage financed by owners?</h3>
This can be found by the formula:
= Equity / Assets x 100%
Solving gives:
= 6,702,500 / 22,825,084 x 100%
= 29.4%
In conclusion, 29.4% is financed by the owners.
Find out more on Equity at brainly.com/question/25847981.
Answer:
B. monopoly firms but not for competitive firms.
Explanation:
Marginal revenue can become negative for monopoly firms but not for competitive firms.
A monopolist’s marginal revenue is always less than or equal to the price of the good.
Marginal revenue is the amount of revenue the firm receives for each additional unit of output. It is the difference between total revenue – price times quantity – at the new level of output and total revenue at the previous output (one unit less).
Since the monopolist’s marginal cost curve lies below its demand curve. When a monopoly increases amount sold, it has two effects on total revenue:
– the output effect: More output is sold, so Q is higher.
– the price effect: To sell more, the price must decrease, so P is lower.
For a competitive firm there is no price effect. The competitive firm can sell all it wants at the given price.
So the marginal revenue on a monopolist's additional unit sold is lower than the price, <u>because it gets less revenue for selling additional units.</u>
<u>Marginal revenue can become negative – that is, the total revenue decreases from one output level to the next.
</u>
