Ask question

Ask question

All categories

3 years ago

11

If the profit-maximizing markup factor in a 3-firm cournot oligopoly is 2, what is the corresponding market elasticity of demand

?

1 answer:

AVprozaik [17]3 years ago

3 0

what are the choices?

You might be interested in

Statutes that are enacted to protect the public are called licensing statutes. Generally, unlicensed persons cannot recover paym

guapka [62]

Answer:

If a statute is silent on this point, enforcement depends on whether it is a(n) REGULATORY statute or a revenue-raising statute.

Explanation:

Regulatory statutes regulate practitioners, e.g. doctors, constructors, real estate brokers, dentists, etc., and its main purpose is to protect the general public. This statues are state laws meant to regulate certain professions that may be considered sensitive or hazardous. E.g. a person that pretends to be a doctor can severely injure a patient or even kill him/her. A person that pretends to be a real estate broker can be committing fraud against his/her clients.

8 0

3 years ago

Read 2 more answers

Yozamba Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasin

kipiarov [429]

Answer:

Yozamba Technology

Divisional Income Statements:

Consumer Commercial Total

Revenues $7,430,000 $6,184,000 $13,614,000

Cost of goods sold 4,123,000 3,125,000 7,248,000

Gross profit $3,307,000 $3,059,000 $6,366,000

Operating expenses 1,465,000 1,546,000 3,011,000

Corporate expenses:

Tech Support 322,500 193,500 516,000

Purchasing 31,360 58,240 89,600

Other corporate administrative expenses 560,000

Total expenses $1,818,860 $1,797,740 $4,176,600

Net income (loss) $1,488,140 $1,261,260 $2,189,400

Explanation:

a) Data and Calculations:

Corporate expenses for the year ended December 31, 20Y7:

Tech Support Department $516,000 Number of computers

Purchasing Department 89,600 Number of POs

Other corporate administrative expenses 560,000

Total corporate expense $1,165,600

Usage of Service:

Tech Support Purchasing

Consumer Division 375 computers 1,960 purchase order

Commercial Division 225 3,640

Total 600 computers 5,600 purchase order

Overhead Rates:

Tech Support = $860 per computer ($516,000/600)

Purchase = $16 per purchase order ($89,600/5,600)

Allocation of Corporate Expenses:

Tech Support Purchasing Total

Consumer Division $322,500 $31,360 353,860

(375 * $860) (1,960 * $16)

Commercial Division 193,500 58,240 251,740

(225 * $860) (3,640 * $16)

Total $516,000 $89,600 $605,600

3 0

3 years ago

A company had sales of $500,000 in 1996 and sales of $720,000 in 1998. Use the midpoint formula to find the company's sales in 1

rjkz [21]

Answer:

$610,000

Explanation:

According to the midpoint value, we have to find out the mid value of two amount.

As in the question, the sales for 1996 and the sales for 1998 are given and we have to find out the sales for 1997

So, by using the mid point formula approach, the sales for 1997 is

= (1996 sales + 1998 sales) ÷ (Number of years)

= ($500,000 + $720,000) ÷ (2 years)

= ($1,220,000) ÷ (2 years)

= $610,000

Therefore, the estimated sales value of the company for year 1997 is $610,000

3 0

3 years ago

Castillo Corporation, a manufacturer, reports costs for the year as follows: Direct Materials Used $ 375 comma 000 Wages to L

Sav [38]

Answer:

Period cost is Office rentals and Indirect material used

Explanation:

The reason is that the office rentals are not associated with the production and has much more association with the time. The passage of time increases the rental cost which means it is a period cost. Likewise, the indirect material cost incurred is also not associated with the production and has more association with the period. Example includes the safety material used in the warehouse or cleaning material used in the accounting department or production department means that the expense is period related.

Total Period cost = $29,000 Office rentals + $320,000 Indirect material

Total Period cost = $349,000

8 0

3 years ago

Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loan's eight

FromTheMoon [43]

Answer:

1,000

and 1,000

Explanation:

The loan rate is 8,5%

85/1000 = 8.5

The market rate is 8.5

So the loan should be sold at 1,000 which is the face value of the loan, because there is no difference between the market rate and the loan rate.

This can be calculated anyway to prove it:

present value of the annuity of $85 during 8 years at 8.5% market rate

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 85

time 8

rate 0.085

$85 \times \frac{1-(1+0.085)^{-8} }{0.085} = PV\\$

PV $479.3306

Present value of the maturity date:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1000

time 8

rate 0.085

$\frac{1000}{(1 + 0.085)^{8} } = PV$

PV $520.6694

Total present value

PV c $479.3306

PV m $520.6694

Total $1,000.0000

7 0

3 years ago