Answer:
The total annual cost at point of indifference will be $380000
Explanation:
The point of indifference is a point where both the options will have equal annual cost and the firm will be indifferent in choosing both the options. To calculate the total cost at the point of indifference, we first need to equate both the cost equations to calculate the point of indifference in units and then calculate the cost at that point.
Let x be the number of units.
The total cost for Atlanta = 20x + 80000
The total cost for Phoenix = 16x + 140000
The point of indifference in units will be,
20x + 80000 = 16x + 140000
20x - 16x = 140000 - 80000
4x = 60000
x = 60000 / 4
x = 15000 units
The total cost at point of indifference will be = 20*(15000) + 80000 = $38000
This can be verified as = 16 * (15000) + 140000 = $380000
Answer:
How many withdrawals will he or his heir (in case of his death) be able to make before the entire amount is exhausted is explained below in detail explanation.
Explanation:
Let the no of withdrawals be n, then
Present value of n withdrawals = 50000
Interest rate per 6 months =8%/2 =4%
Withdraw amt/(Int rate)*(1-1/(1+interest)^n) = 50000
=> 2500/0.04*(1-1/1.04^n) = 50000
1/1.04^n = 0.2
1.04^n = 5
=> n = ln(5) / ln(1.04) = 41.03
Total 41 withdrawals of Rs.2500 can be made (with a smaller 42nd installment of less than Rs.2500)
When the price for a good or service is high then supply increases.
Price is the sum that the producer receives for each unit of an item or service that is sold. A rise in price nearly always results in a rise in the amount of that good or service supplied, whereas a fall in price results in a fall in the amount supplied.
The widespread consensus is that demand slopes downward because customers buy less when prices are greater. The price at which supply and demand are equal is represented by the intersection of the two curves as the market-clearing price.
When a good's price is higher than equilibrium, this indicates that there is more supply of the good than demand for it. The product is available in excess on the market.
To learn more about customers refer to:
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Answer: C. Decreasing returns to scale
Explanation: Economic of scale refer to a situation where as the level of output increases, the average cost will decrease. In the case of constant return to scale here the average cost will not change as the output increases.
In this question the firm is operating in the negative sloped portion of the long-run average total cost curve, which shows that it has a "Decreasing returns to scale " .
Answer:
check-in/check-out times, gender, tv preferences, mini-bar orders, etc
Explanation:
There are many helpful metrics that a hotel can collect such as, check-in/check-out times, gender, tv preferences, mini-bar orders, etc. All of these metrics can be analyzed to see what choices the guests prefer making when staying at the hotel and the hotel can make adjustments to make future stays more pleasurable. For example, after analyzing the purchases of all the guests from the mini-bar the data shows that 70% of purchases were M&M's but only 1% were for KitKat bars then the hotel can provide more M&M's in the mini-bar or more variety of M&Ms so that the guests have more choices of the things they like. The same applies to all of the purchasing decisions that the guests make during their stay.
