Robert has a passion for making ice cream. Assume that ice cream parlors have a market structure of monopolistic competition. Between the local Amy's, Cold Stone Creamery, Marble Slab, Ben & Jerry's, and Baskin Robbins, he has an uphill battle to break into the local ice cream market-
<u>Robert differentiate his ice cream shop, JubJub's, -BY OPENING IT IN "The Triangle</u><u>" area(where the elementary,middle school and the high school are less than 5 minutes away)</u>
Explanation:
The main characteristic of a Monopolistic market are:-
- Their exist many firms in the market.
- The products sold by the firms are similar in nature not identical.
- The firm are free to enter and exit the market.
- The firms have little power to increase their prices.
So considering the above option the only valid choice left with Robert to differentiate his ice cream shop, JubJub's is that he opens his shop near <u> "The Triangle</u><u>" area (where the elementary,middle school and the high school are less than 5 minutes away)</u>
This is Multiculturasism by defnition
Answer:
5%
Explanation:
Calculation for the net rate of return from this investment
First step is to calculate The dollar return
The dollar return=$2 + $3 + ($101 − $100) − $1
The dollar return =$2 + $3 + $1 − $1
The dollar return =$5
Now let The rate of return
The rate of return =$5/$100
The rate of return= 5%
Therefore the rate of return is 5%
Answer:
We require 9.67% return per year to achieve 300,000 in the future
Explanation:
we need to solve for the rate at which a current value of 57,000 dollars will generate 300,000 dollars after 18 years:
Principal 57,000.00
time 18.00
Amount 300,000
![r=\sqrt[18]{300,000/57,000} -1](https://tex.z-dn.net/?f=r%3D%5Csqrt%5B18%5D%7B300%2C000%2F57%2C000%7D%20-1)
r = 0.096653034
Answer:
d. $73,778.50
Explanation:
Variable Cost = $11.07 per unit x 5,150 units = $57,010.50
Total Cost = $130,789
Fixed Cost = Total Cost - Variable Cost
Fixed Cost = $130,789 - $57,010.50
Fixed Cost = $73,778.50
Since Depreciation is the Fixed Cost and we have been given the Total Cost of the Project, so the Depreciation is already included in the Fixed Cost.
Hence Total Fixed Cost is equal to $73,778.50.
