Answer:
Is part of the local university culture which shows people's expectation.
Explanation:
These are cultural implications on the decision of giving three chances to retake exams. Cultural implications are much more prominent in the UK where companies have to respect the cultural values of people. If we study about UK constitution we will find that it is not in the written format. When the CEO of Sony (USA) was appointed who was from Japan their was a warm welcome in his office. But after a month there was a strike witnessed because the CEO used to make decisions with an attitude which was a culture in Japan but was unacceptable in USA.
Suppose GetThere Airlines increases their ticket price to $200+10n = 10(20+n)$ dollars. Then the number of tickets they sell is $40,000-1000n = 1000(40-n)$ .<span> Therefore, their total revenue is
</span>
$$10(20+n)\cdot 1000(40-n) = 10000(20+n)(40-n) = 10000(800+20n-n^2).$$
This is maximized when $n=-\left(\frac{20}{2\cdot(-1)}\right)=10$ .<span> Therefore, they should charge </span><span>$200+10\cdot 10 = \boxed{300}$</span><span> dollars per ticket.</span>
Answer:
Option (C) is correct.
Explanation:
Given that,
Standard Quantity = 4,200
Actual Quantity = 4,700
Standard Price = $4
Cost = $4.10 per pound to produce 2,300 units
Direct Material Quantity variance:
= (Standard Quantity - Actual Quantity) × Standard Price
= (4,200 – 4,700 ) × $4
= $2,000 Unfavorable
Therefore, the direct materials quantity variance is $2,000 Unfavorable.
Answer:
c. one firm can produce the total output of the market at lower cost than two or more firms could.
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
For example, a public power company is a monopolistic business firm because they serve as the only power utility provider to the public. Also, a public power company refers to a company that provides power (electricity) utility to the general public of a society.
Hence, a firm is a natural monopoly if one firm can produce the total output of the market at lower cost than two or more firms could.
