Answer:
A) Power of Attorney
Explanation:
When a stockholder cannot attend a corporation's annual meeting, he/she can issue a power of attorney to another person to represent him/her at the meeting and vote on his/her behalf. In business, this is called a proxy, where the individual granted the power of attorney acts as the stockholder's proxy.
Answer:
Average total cost= $46
Marginal revenue= $33
Explanation:
In this instance the monopolist's total cost is the revenue from sale of one unit less the economic profits per unit
Economic profit per unit= 2,700/900
Economic profit per unit= $3
Average total cost= (Price per unit) - (Economic profit per unit)
Average total cost= 49 - 3= $46
For this instance marginal revenue is equal to marginal cost.
Marginal revenue= Marginal cost= $39
Computer, its a larger amount of money to pay so it would be best there
Answer:
a) $337,615.38
b-1) $360,910.85
b-2) $415,266.92
c-1) $362,637.36
c-2) $438,461.54
Explanation:
a) To find the current value of the company, we have:
=
= $337,615.38
b-1) If the company takes on debt equal to 30 percent of its unlevered value.
337,615.38 + (0.23 * 337,615.38 * 0.30)
= $360,910.85
b-2) When the company can borrow at 10 percent. The value of the firm if the company takes on debt equal to 100 percent of its unlevered value will be:
337,615.38 + (0.23 * 337,615.38 * 1)
= $415,266.92
c-1) The value of the firm if the company takes on debt equal to 30 percent of its levered value:
= $362,637.36
c-2) The value of the firm if the company takes on debt equal to 100 percent of its levered value:
= $438,461.54
Answer:
Chuck must be less than $260,000
Explanation:
The economic decision rule is: Do it if that marginal benefit exceeds the marginal cost and Since Chuck was unwilling to purchase the house at $260,000, we can deduce that the marginal benefit of purchasing the house must be less than $260,000 due to the fact that the seller turns down the offer but says she will sell the house for $260,000.