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
natali 33 [55]
3 years ago
7

A firm has $1.5 million in sales, a Lerner index of 0.57, and a marginal cost of $50, and competes against 800 other firms in it

s relevant market. Instructions: Enter your responses rounded to the nearest two decimal places. a. What price does this firm charge its customers
Business
1 answer:
MrRissso [65]3 years ago
7 0

Answer:

$116.28

Explanation:

This can be calculated as follows:

Mark up = [1 ÷ (1 - Lerner index)]

Price = Mark-up × Marginal cost

        = [1 ÷ (1 - 0.57)] × $50

Price = [1 ÷ 0.43] × $50 = $116.28  

Therefore, the price this firm will charge its customers is $116.28.

You might be interested in
Estephanie, Yahaira, and Adamaris, all African Americans, worked in the advertising department of a large cosmetic company with
ra1l [238]

Answer:

D. It has broadened the marketing efforts to include a wider customer base which could improve sales.

Explanation:

The most suitable alternative for this issue is the letter D, Broadened marketing efforts to include a larger customer base, which could improve sales.

This is because when developing an advertising campaign focused on raising awareness of diversity, the company reaches new customers through inclusion and representativeness, especially when it comes to the black public, which is still often overlooked by advertising campaigns.

It is also important to emphasize the importance of an organization presenting a multicultural base of employees, because through it and the employees' personal experience it was possible to identify problems that helped the company to achieve such benefits.

3 0
3 years ago
Bonita Company is trying to determine the equivalent units for conversion costs with 4500 units of ending work in process at 70%
kicyunya [14]

Answer:

43150 units

Explanation:

For computing the equivalent units of production for conversion costs, first, we have to find the sale units which is shown below:

= Production units for material - ending work in progress units

= 44,500 units - 4,500 units

= 40,000 units

Now the ending work in progress units for conversion would be

= Ending work in progress units × percentage of completion

= 4,500 units × 70%

= 3,150 units

So, the equivalent units of production for conversion costs would be

= Sale units + ending work in progress units for conversion

= 40,000 units + 3,150 units

= 43,150 units

3 0
2 years ago
e. Which of the following statements is true? Deflation means that the price level is falling, whereas with inflation the inflat
s2008m [1.1K]

Answer:

The answer to this question is option B. Deflation means that the price level is failing, whereas with inflation overall prices are rising

Explanation:

Inflation is an increase in the general prices of goods and services in an economy on the other hand, deflation is the general decline in prices for goods and services, indicated by an inflation rate that falls below zero percent.

Hence the answer is option B. Deflation means that the price level is failing, whereas with inflation overall prices are rising

7 0
3 years ago
Read 2 more answers
Suppose that a monopoly firm finds that its MR is $56 for the first unit sold each day, $55 for the second unit sold each day, $
zysi [14]

Answer:

Explanation:

the file attached shows the solution to the three questions asked i hope it helps. thank you

Download docx
6 0
3 years ago
In presidential elections, voters often find that they do not agree with any single candidate in all issues that matter to them
Angelina_Jolie [31]

In presidential elections, voters often find that they do not agree with any single candidate in all issues that matter to them this is known as limited and bundled choice problem.

Option d

<u>Explanation:</u>

In presidential elections, the voter has to select the candidate who is going to have the power of selecting the public services and goods that has to be financed by the tax money given by the voters.

The limited and bundled choice issue reduces the economic efficiency as a politician selects the programs with either positive or negative net benefits. The choices are bundled in that the limited set of candidates would govern over a multiple issues, and the preferences of the voters may not be perfectly aligned with any candidate.

8 0
3 years ago
Other questions:
  • Brunette Company is contemplating investing in a new piece of manufacturing machinery. The amount to be invested is $180,000. Th
    6·1 answer
  • When you are finished working with a presentation, you can exit powerpoint. if there is only one presentation open, you click th
    5·1 answer
  • Starbucks ceo howard schultz has made sure his employees have health insurance and work in a positive environment. he could best
    8·1 answer
  • The​ stockholders' equity of Kowalski Company at the beginning and end of 2018 totaled $ 122 comma 000 and $ 140 comma 000​, res
    12·1 answer
  • Consider the economy of Freeland, whose overall actual price index and actual output are P and Y respectively, and the natural r
    11·1 answer
  • Mr. and Mrs. Sloan incurred the following expenses during the current year, when they adopted a child: Child's medical expenses
    9·2 answers
  • The following selected transactions apply to Book Yard Store for November and December, Year 1. November was the first month of
    12·1 answer
  • If you buy an investment for $800 and then sell it for
    6·1 answer
  • The summer season is approaching, and
    14·2 answers
  • Jerry is working on a research project about the effectiveness of social media marketing. he found some sources with information
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!