Answer:
B. Emergent strategy
Explanation:
The scenario illustrate emergent strategy.
Emergent strategy: It can also be called "realized strategy". It refers to the pattern of action developed over time by a firm in the presence of absence of specific mission and goals. It implies that an organization is learning what works in practice.
Emergent strategy can be defined as a set of actions, or behavior, consistent over time that was not intended. It is a strategy that develops when an organization takes a series of actions that becomes a consistent pattern of behavior with time.
Emergent strategy involves strategic and tactical changes which responds to events as they arises.
Answer:
d. $16.
Explanation:
The computation of the total monthly access fee is shown below:
Given that
p = 5 - 0.5q
Constant Marginal cost = 1
Based on the above information,
As we know that
In case of the two-part pricing, the monopolist is equal to the hourly rate
i.e (p) = MC
5 - 0.5q = 1
0.5q = 4
So, q = 8
And,
p = MC = $1
Moreover,
Total monthly access fees equal the whole consumer surplus
As per the demand function,
when q = 0 and p = $5
So,
Monthly Access fee is
= (0.5) × ($5 - 1) x 8
= 4 × $4
= $16
Answer: This form is used to report mortgage interest paid for the year. Also, lenders are required to issue Form 1098 when a homeowner has paid $600 or more in mortgage interest during the tax year.
Hope this helps!
Answer:
A. "Better prepared for potential problems".
Explanation:
Answer:
As price elasticity of supply increase the supply curve will be closer to the horizontal axis thus shallower.
Explanation:
The price elasticity of supply can be defined as a measure of how much the price of a good or service changes with a corresponding change in the supply of that specific good or service. This means that a good or service can be described as either elastic or inelastic depending on how it's price and supply parameters behave. Inelastic goods are those goods whose price change with reference to their supply do not change much. These goods are sometimes referred to as essentials since people tend to buy them even if the prices are high. On the other hand, elastic goods are those ones whose price fluctuates depending on the supply. These goods are called luxuries, since people buy them only when their prices are low, and avoid them when the price rises.
The price elasticity of supply can be determined using the expression below;
E=%Q/%P
where;
E=elasticity of supply
%Q=percentage change in quantity supplied
%P=percentage change in the price for the corresponding changes in quantity supplied
The supply curve generally represents changes in price verses the changes in quantity supplied. The price is plotted on the left vertical axis, against a corresponding quantity supplied on the horizontal axis.
A product that has more price elasticity of supply will cause the supply curve to be shallower: closer to the horizontal axis. On the other hand a product with less elastic supply will make the supply curve to be steeper: closer to the vertical.