The philosophy of utilitarianism is used to explain why restaurants, theaters, and hotels should make themselves handicapped accessible - False.
<u>Explanation:</u>
The principle of Utilitarianism highly focus on the happiness and pleasure that is given to the society. It determines the happiness that is attained by many number of people. It also focus on the pattern of how goods and services are being consumed by the people.
The maximum utilization of a good or service that gives maximum happiness to many people. It is related to the happiness and hence in the given scenario it is falsified. Anything that creates happiness and pleasure to many people is only considered as valuable in this principle. The things that leads to unhappiness or suffering is not considered as valuable.
You should be goal oriented and develop a positive outlook on your own worth/capability.
Being goal oriented would ensure that the end goal of your motivation is something that can be rationally attained. Developing positive outlook would keep you level headed in the midst of pressure and prevent you from giving up in pursuing your goal.
Answer:
$2,500 million
Explanation:
Calculation to Estimate merchandise purchases for the third quarter
Using this formula
Third quarter merchandise purchases= Ending inventory + Cost of goods sold - Beginning inventory
Let plug in the formula
Third quarter merchandise purchases= $3,200 million + $2,100 million - $2,800 million
Third quarter merchandise purchases= $2,500 million
Therefore The Estimated merchandise purchases for the third quarter will be $2,500 million
Answer:
$33
Explanation:
Given that,
Demand function in state 1: Q1 (p1) = 50 - p1
Demand function in state 2: Q2 (p2) = 90 - 1.5p2
Constant Marginal cost (MC) = 10
Inverse demand:
State 1: p1 = 50 - Q1
State 2: p2 = 60 - (2 ÷ 3) × Q2
Market demand (Q) :
= Q1 + Q2
= (50 - p1) + (90 - 1.5p2)
= 140 - 2.5p
This implies p = 56 – 0.4Q
Now, Monopolist equate Marginal revenue = Marginal cost
Total revenue (TR) = p × Q
= (56 -0.4Q)Q
Marginal revenue (MR) = 56 – 0.8Q
Hence, at equilibrium conditions
56 - 0.8Q = 10
Q = 46 ÷ 0.8
= 57.5
P* = 33
Therefore, the profit maximizing price will be $33.