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
High-Low Method
svlad2 [7]

Answer:

Variable cost per unit= $50

Fixed costs= $900,000

Explanation:

Giving the following information:

Total Costs Units Produced

January $1,900,000 20,000 units

February 2,250,000 27,000

March 2,400,000 30,000

<u>To calculate the unitary variable cost and the fixed cost under the high-low method, we need to use the following formulas:</u>

<u></u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (2,400,000 - 1,900,000) / (30,000 - 20,000)

Variable cost per unit= $50

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 2,400,000 - (50*30,000)

Fixed costs= $900,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 1,900,000 - (50*20,000)

Fixed costs= $900,000

7 0
2 years ago
PLS HELP IF YOU CAN!! In the first year of your career you learn that to be promoted, you must demonstrate that you have the ski
Salsk061 [2.6K]

Answer:

Although all of these are good ways to demonstrate skills the best would be to finish projects as it shows you are dedicated and you can put those skills into action with different tasks.

Explanation:

4 0
2 years ago
Read 2 more answers
Flavio, CEO of Fabulous Frozen Custard believes that alternate plans are almost as important as the primary operational plans be
Tanzania [10]

Answer:

D. contingency planning

Explanation:

A contingency plan is a plan that is made to take account of a future occurence or event that might affect the workability or effectiveness of the current plan.

A very simple example of contingency plan is keepin an umbrella with you at all times just incase it starts to rain.

cheers.

5 0
3 years ago
Under the allowance method, writing off an uncollectible account Group of answer choices affects both balance sheet and income s
marishachu [46]

Answer:

Under the allowance method writing of uncollectible account will only affect Balance sheet accounts

Explanation:

Uncollectibles when write of under allowance method will create reduce account receivable one side and also results in reduction of allowance for receivable on other side created previously, thus having impact only on balance sheet:

Entry will be:

Dr: Allowance for Doubtful Debts (Balance Sheet Item)  

Cr: Account Receivable (Balance Sheet Item)

4 0
3 years ago
Chapter 7 bankruptcy involves...
Vsevolod [243]
D is correct answer. 

They providing a method for student loans to be forgiven.

Hope it helped you.

-Charlie
4 0
3 years ago
Read 2 more answers
Other questions:
  • When you are interpreting financial ratios, it is useful to compare a company's ratios to some form of standard. true?
    6·1 answer
  • Kelly's kitchen, a restaurant, strives to improve its customer service and makes sure that its customers enjoy the food and ambi
    5·1 answer
  • Who controls the supply of money in the United States today? A. The United States Treasury B. The Federal Reserve System C. Cong
    7·2 answers
  • Period costsSelect one:a. are used to compute product cost.b. are selling costs and administrative costs.c. can be included in o
    14·1 answer
  • Clarissa wants to fund a growing perpetuity that will pay $ 4 comma 000 per year to a local​ museum, starting next year. She wan
    6·1 answer
  • How can i use knowledge of OB to enhance my job performance and career?
    14·1 answer
  • Meredith, the General Manager at Gladfle Inc., is planning to use certain new strategies to control and reduce the health care b
    10·1 answer
  • Write the president (me) a memo explaining your reasoning and suggest a new pricing strategy. (You can decide what kind of busin
    13·1 answer
  • Gary and Diane must prepare a presentation for their marketing class. As part of their presentation, they must do a series of ca
    14·1 answer
  • The competitive situation where at&amp;t, mci, and sprint control approximately 80 percent of the international long-distance te
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!