Answer:
c. a significant amount of market power
Explanation:
Cross price elasticity measures the responsiveness of quantity demanded of a good to the changes in price of another good.
If the cross price elascitiy is postive, the goods are subsituites.
If the cross price elasticity is negative, the goods are complementary goods.
If the cross price elasticitiy is low the firm has market power. It means that it's consumers do not change the quantity demanded when the price of the good changes
If the cross price elasticitiy is high, the market has low market power.
I hope my answer helps you.
Answer:
The marginal cost of producing the 25th speedboat is 18,575.
Explanation:
Note that the given Leisure Enterprise’s total cost (TC) of producing speedboats is correctly stated as follows:
TC = 10Q^3 - 4Q^2 + 25^Q + 500 …….………….. (1)
Where Q represents the quantity of speedboats produced.
To obtain the marginal cost (MC) of producing speedboats, equation (1) is differentiated with respect to Q as follows:
MC = dTC/dQ = 30Q^2 - 8Q + 25 ………………… (2)
Finding the marginal cost (MC) of producing the 25th speedboat implies that Q = 25.
Substituting Q = 25 into equation (2), we have:
MC = (30 * 25^2) - (8 * 25) + 25 = 18,575
Therefore, the marginal cost of producing the 25th speedboat is 18,575.
I guess the correct answer is 1040.
Amanda and Jack are working on their taxes and need to determine which form to file. They had wages, interest, and dividends. In addition, they bought a house this past year and are thinking of itemizing their deductions.
They should use the form 1040.
Answer:
d)product differentiation
Explanation:
monopolism is when only one producer in the area produces the good/service thus there is no competition eg power supply company while perfect competition is when same type of products but different styles are produced making the business environment competitive.
Answer:
$2,150
Explanation:
Annual cumulative preferred stock dividend = 2,300 × $100 × 6.5% = $14,950
Cumulative preferred stock dividend carried forward to year 2 = $14,950 - $12,000 = $2,950
Cumulative preferred stock dividend payable in year 2 = $14,950 + $2,950 = $17,900
Cumulative preferred stock dividend carried forward to year 3 = $17,900 - $17,000 = $900
Cumulative preferred stock dividend payable in year 3 = $14,950 + $900 = $15,850
Dividend received by common shareholders during Year 3 = $18,000 - $15,850 = $2,150
