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jenyasd209 [6]
3 years ago
6

Half of all potential customers would pay $10 for your product but half would only pay $8 but you cannot tell them apart. Your m

arginal costs are $4. If you set the price at $8, the expected profit is:a)$3 b)$4 c)$5 d)$6
Business
1 answer:
IgorLugansk [536]3 years ago
5 0

Answer:

The correct answer is b) $4.

Explanation:

This is simple problem, it requires us to to tell expected profit. We know that profit is equal to revenue minus expense. So in question revenue is given as $ 8 and cost is $ 4. So the profit would be

Profit = Revenue -Cost = 8 - 4 = $ 4

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Why does a comma need to follow the word rain in this sentence?this is the following question, The weather guy said that it was
Strike441 [17]

Answer:

Eng grammar

Explanation:

Comma is Basically a 1 second pause after the word so when you say the above mentioned sentence then a one second pause is required after the word rain..

Hope I Helped

Pls mark as Brainliest.

8 0
3 years ago
What is a minimum balance? A. The process of balancing your checkbook register against your bank statement B. The largest number
Leno4ka [110]

Answer:

What is a minimum balance?

D. The smallest amount of money you can keep in a bank account

Explanation:

For bank accounts, the minimum balance is the minimum dollar amount that a customer must have in an account to receive some service benefit, such as keeping the account open or receiving interest

3 0
3 years ago
Read 2 more answers
A commercial building worth $400,000 is insured under a Commercial Property policy for $240,000, and an 80% coinsurance clause a
Mekhanik [1.2K]

Answer: $15,000

Explanation: The 80% coinsurance clause on the property means that the insurance policy holder is agreeing to contribute up to 80% of the property's worth. Hence in the event of a loss to the building worth $20,000; the insures policyholder would receive :

(Actual contribution/expected contribution) x value of loss to the property

Where : Expected contribution = 80% of property's worth

ie (80/100) x $400,000 = $320,000

then the insured is to receive: ($240,000/$320,000) x $20,000 = $15,000

4 0
3 years ago
Gritz-Charlston is a 300-unit luxury hotel. All rooms are occupied when the hotel charges $80 per day for a room. For every incr
ki77a [65]

Answer:

The hotel should charge $201 per day in order to maximize profit

Explanation:

According to the given data we have the following:

The number of occupied rooms is 300-x, and x vacant rooms.

Hence, The revenue R(x) = (300-x) * ($80 + x), the number of occupiedrooms times the charge per room.

The cost C(x) = (300-x) * $22.

Therefore, The profit P(x) = R(x)-C(x) = (300-x) (58 + x) = 17400 + 242 x -x^2.

P'(x) = 242 - 2x.

Critical point: x= 121.

So Charge = $80 + x = $80 + $121 = $201

The hotel should charge $201 per day in order to maximize profit

6 0
3 years ago
John, Jay, and Jeff each have an ownership interest in Three Guys Burgers, Inc. Based on the following information, which of the
eimsori [14]

Answer and Explanation:

Material participation in the business is when involvement in the business activity exceeds 500 hours during the year. Furthermore, if the activity is a significant activity of participation and the number of aggregate hours worked in all such activities exceeds 500 hours per year, of that kind participation is also construed as material participation.

Therefore, the participation of John and Jeff would be considered as material.

4 0
3 years ago
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