1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vitek1552 [10]
3 years ago
5

True or False: If Hubert's Fire Engines were a competitive firm instead and $100,000 were the market price for an engine, decrea

sing its price from $100,000 to $80,000 would result in the same change in the production quantity and, thus, total revenue.
Business
1 answer:
KatRina [158]3 years ago
5 0

Answer:

False

Explanation:

In a perfectly competitive market the sales revenue is based on pricing also. As the pricing policy also plays an important role in the marketing technique to attract customers.

As the quality served is generally the same in the market, there is no issue in that but when the price is reduced expected sales will increase and accordingly the expected revenue also increases.

As the sales is expected to increase the revenue will also increase accordingly, even though the price is reduced, due to increase in sales quantity the expected change shall not be same as that of the change in price.

Thus, the statement is False.

You might be interested in
Araceli is a team member in a large corporation. She never speaks in team meetings because she has seen members talk behind each
Marina CMI [18]

Answer: Climate of trust.

Explanation:

Araceli's team lack the climate of trust where team members can easily express themselves and raise ideas that is useful in problem solving. In a team with climate of trust, it is easier for team members to raise ideas and those ideas are brainstormed upon until the best idea is chosen, in such a team there is modest.

5 0
3 years ago
Consider a two-step mortgage for $150,000, 30 years, monthly payments, an initial interest rate of 5%, a cap of 5%, and a single
gladu [14]

Answer:

Consider the following calculations

Explanation:

This 2-step mortgage problem requires a 2-step solution.

To solve for the PMT for the last 23 years of the loan, we first need to know what the principal is at the end of the 7th year.

Thus, step I uses the initial info to solve for the PMT for each month of the first 7 years. N=360, I/Y=5(%)/12 = 0.416667(%), PV=150,000, => PMT = 805.

The discount rate will change to 5% index rate plus 2% margin = 7% at the beginning of the 8th year.

In Step II we first determine the remaining balance at the end of year 7. This requires using the amortization worksheet.

On the TI BA II Plus, AMORT is the secondary function of PV.

Set P1, the periods at which the calculations begin, equal to 1. We cursor down to P2, which is the last period of the calculation, and set it equal to 84. Cursoring down once again, we see that BAL at month 84 = 131,917.52.  

Going back to the TVM row, we set PV remaining at the end of 23 years = 131,917.52. I/Y is calcluated as 5(%) index rate plus 2(%) margin =7%; dividing 7(%) by 12 = 0.583333(%).  N=360-84 = 276 months left.

Finally, we solve for PMT = 962.89.

7 0
3 years ago
Compared with lowest-cost strategies, successful attainment of differentiation strategies depends on ________.
RSB [31]

Answer: D. All of these (happy to help)

Explanation:

5 0
3 years ago
Consider the economies of Sporon and Tralfamadore, both of which produce glops of gloop using only tools and workers. Suppose th
Phoenix [80]

6448384848383383 what is this

8 0
3 years ago
Identify each person's status as employed, unemployed, "not in the labor force"
Ede4ka [16]

Answer:

Explanation:

a. "not in the labor force" since she is neither working or looking for a job and instead is studying

b. "employed", currently works as a tennis coach

c. "unemployed", she does not have a paying job yet but is looking for one

d. "not in the labor force", does not have a job and is not looking for one at the current moment in his life.

5 0
3 years ago
Other questions:
  • Tidewater Fishing has a current beta of 1.16. The market risk premium is 6.8 percent and the risk-free rate of return is 2.9 per
    15·1 answer
  • Jim Bob Airlines has one 57 seat plane. On its last five flights it had 44 passengers from MSY to DFW, 49 passengers from DFW to
    7·1 answer
  • Why is it important to consider several career options even if you're sure of your career choice?
    15·2 answers
  • Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the followin
    7·1 answer
  • Write each item listed below to the appropriate category . GOODS SERVICES Cutting Hair Doctor Computers Cleaning Business Tasks
    9·1 answer
  • Prior to closing, a final walkthrough of the property should be performed to ensure that everything has remained as stated in th
    14·1 answer
  • Assume that you hold a well-diversified portfolio that has an expected return of 11.0% and a beta of 1.20. You are in the proces
    7·1 answer
  • Price of oil in international markets has dropped stunningly 60% in the past twelve months. Among the factors mentioned behind t
    12·1 answer
  • The management at Dime Corporation is investigating purchasing equipment that would increase sales revenues by $527,000 per year
    12·1 answer
  • So you can retire early, you have decided to start saving $500 a month starting one month from now. You plan to retire as soon a
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!