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madam [21]
3 years ago
5

While shopping at the mall, Jane was asked by one of the sales representatives at the cosmetics counter to try out a new lipstic

k that her company was test marketing. The company representative asks her how much she would be willing to pay for the lipstick. After trying it out, Jane is of the opinion that $5 is just the right price for it. What type of a reference price is Jane using?
A. Usual discounted priceB. Fair priceC. Maximum retail priceD. Last price paidE. Historical competitor price
Business
1 answer:
gavmur [86]3 years ago
6 0

Answer:<u><em> Fair price </em></u><em>is the type of a reference price that Jane is using.</em>

Here, Jane is of the opinion and how she pursues the price of the commodity in the market .i.e.  fair price is the quantity of money that it you pursue to be sensible for a commodity.

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Why do you think economists can be certain that every
Aleonysh [2.5K]

Answer:

En esta primera parte del libro estudiamos lo que para muchos economistas es la pregunta más

importante de la economía: ¿Por qué algunos países tienen mayores niveles de ingreso por

habitante que otros?

En el capítulo 2 definimos el crecimiento económico y presentamos distintas herramientas

útiles para medirlo y analizarlo. Además, presentamos una breve historia del crecimiento

económico, con especial énfasis en la evolución de la economía argentina en el contexto

mundial.

El capítulo 3 es una introducción a la teoría del crecimiento económico. Presentamos allí un

esquema analítico sencillo, en el cual la inversión y el desarrollo tecnológico aparecen como

los determinantes directos del crecimiento. Además, explicamos algunos de los factores que los

economistas han identificado como determinantes más profundos del crecimiento – aquellos

factores que definen el grado de inversión y de desarrollo tecnológico.

Explanation:

7 0
3 years ago
Assume the bid rate of an Australian dollar is $0.60 while the ask rate is $0.61 at Bank Q. Assume the bid rate of an Australian
jarptica [38.1K]

Answer:

$16,393.44

Explanation:

Calculation for what would be your gain

Gain=$1,000,000/($0.61 per AUD)*$0.62 per AUD - $1,000,000

Gain=1,639,344*$0.62 per AUD - $1,000,000

Gain=$16,393.44

Therefore what would be your gain if you use $1,000,000 and execute locational arbitrage will be $16,393.44

3 0
2 years ago
Paula receives a nonliquidating distribution from Pell Corporation. Paula’s basis for her Pell stock is $10,000. In exchange for
Juliette [100K]

Answer: $13000

Explanation:

From the question, we are told that Paula receives a nonliquidating distribution from Pell Corporation. Paula’s basis for her Pell stock is $10,000 and in exchange for her stock, Paula receives real estate with an $8,000 basis and a $15,000 fair market value that is subject to a $2,000 mortgage.

The amount of Paula’s basis in the real estate she received will be the net fair market value of the real Estate. It should be noted that this is the difference between the market value and the mortgage amount. This will be:

= $15,000 - $2,000

= $13,000

6 0
3 years ago
You've lost a lawsuit that requires you to pay $1,500 per month for 120 months starting next month. How much would you have to i
Lady bird [3.3K]

Answer:

PV = $155,343

Explanation:

This question requires application of PV of annuity, according to which:

PV = p [1-(1+r)^-n/r]

P= Periodic Payment

r = rate of period

n = number of periods

r = 3%/12 = 0.25% (monthly), n = 120, P = $1500

PV = 1500 * [\frac{1 - (1 + 0.0025)^{-120}}{0.0025}]

PV = 1500 * 103.5618

PV = $155,343

6 0
2 years ago
Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (37,000 uni
inn [45]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Total Per Unit Sales (37,000 units at $6) $ 222,000  

Variable expenses 111,000 ($3.00)

Contribution margin 111,000 ($ 3.00)

Fixed expenses 41,000

Net operating income $ 70,000

1) sales increase by 12%

Income= contribution margin* 1.12 - fixed expenses= 111,000*1.12 - 41,000= 83,320

2) selling price decreases by $1.30 per unit and the number of units sold increased by 19%.

Income= (37000*1.19)*(4.7-3) - 41,000= 33,851

3)  the selling price increases by $1.30 per unit, fixed expenses increase by $6,000, and the number of units sold decreased by 7%

Income= (37000*0.93)*(7.30-3) - 47000= $100,963

4) the selling price per unit increases by 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreased by 13%

Income= (37000*0.87)*(7.2-3.2) - 41000= $87,760

8 0
3 years ago
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