1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ray Of Light [21]
3 years ago
12

. Suppose that a car dealer has a local monopoly selling Volvos. It pays w to Volvo for each car that it sells, and charges each

customer p. The demand curve that the dealer faces is best described by the linear function Q = 30 – p, where the price is in units of thousands of dollars. Suppose that the dealer has no other marginal costs of retailing, so the marginal cost of selling a car is simply the wholesale price w. a. What is the profit-maximizing price for the dealer to set? At this price, how many Volvos will the dealer sell? (Hint: Your answers here will be a function of the wholesale price.)
Business
1 answer:
kicyunya [14]3 years ago
6 0

Answer:

The dealer will sell 15 Volvos

Explanation:

Consider the following formulas to calculate the Q of which optimize the exercise.

Profit = Q*p

Profit = (30-q)*q

Profit = 30q - q^2

Differentiating with respect to q, we get

30-2q = 0

2q = 30

q=15

The dealer will sell 15 Volvos

You might be interested in
The _____ stage of the product life cycle is characterized by rapid market expansion as more and more customers, stimulated by m
4vir4ik [10]

Answer:

Growth Stage

Explanation:

The growth stage of the product life cycle is characterized by rapid market expansion as more and more customers, stimulated by mass advertising and word of mouth, make their first, second, and third purchases. In growth stage sales starts rising rapidly, average cost per customer, profits starts rising as well, early adopters buy products, competitors starts increasing in number. Main aim of any firm in this stage is to maximize market share. Brands need to offer product extension. Price needs to be set to penetrate the market.

8 0
3 years ago
UPS is successful in the small package delivery market. One important reason for this success is the concept of: a. non-bureaucr
anzhelika [568]

Answer:

bureaucracy

Explanation:

According to my research on business strategies, I can say that based on the information provided within the question UPS is successful because of bureaucracy. This is a system of administration that has a clear hierarchy of authority, rigid labor, and inflexible rules and regulations, which allowed UPS to cement itself as one of the most successful delivery companies in the World.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Which of the following formulas would allow you to copy it into another cell while keeping the row reference fixed?
zhuklara [117]

Answer:

$C$8

Explanation:

The Symbol $ means that by copying and pasting to another cell, the cell references will not change.

In this case, the references are "locked" onto column C. Copying the formula to some other location will not change the references since they are absolute.

5 0
2 years ago
A critical analysis of a preferred alternative to ascertain its strengths and weaknesses before it is implemented, with the purp
Aleonysh [2.5K]

Answer:

Devil’s advocacy

Explanation:

Devil’s advocacy is a thorough analysis of a preferred alternative to check and test its strengths and weaknesses before being implemented with the purpose of identifying all the faults that might make the preferred alternative unacceptable.

This method helps in determining the dangers of any action taken by an individual or group of persons.

8 0
3 years ago
Read 2 more answers
When demand for a product changes because of its price, this product is said to be elastic.
IgorC [24]

Answer:

When PED is greater than one, demand is elastic. This can be interpreted as consumers being very sensitive to changes in price: a 1% increase in price will lead to a drop in quantity demanded of more than 1%. When PED is less than one, demand is inelastic.

so it is true

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • When talking about economic resources, capital refers to which of the following?
    12·2 answers
  • A patient needs 0.024g of sulfa drug. There are 8 mg tablets in stock. How many tablets should be given?
    10·1 answer
  • Fujitsu Siemens Computers is a legally independent company of which Fujitsu and Siemens each own 50 percent. This collaboration
    7·1 answer
  • An increase demand for any good or services is reflected graphically as:______.
    11·1 answer
  • The Lory Company had net earnings of $127,000 this past year. Dividends of $38,100 were paid. The company's equity was $1,587,50
    6·1 answer
  • A firm has a production function satisfying constant returns to scale. Their cost of producing 100 units of their product is $20
    5·2 answers
  • Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amoun
    10·1 answer
  • Define internal customers​
    12·1 answer
  • When dragons on planet Pern lay eggs, the eggs are either green or yellow. The biologists have observed over the years that 26%
    8·1 answer
  • the manufacturing overhead account shows debits of $240,000, $192,000, and $224,000 and one credit for $688,000. based on this i
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!