Answer:
Monthly rent of $345 would maximize revenue
Explanation:
Revenue = Price * Quantity
Quantity depends on price. We need to work out the relationship between price and quantity (that is, the demand function)
When the rent is $420, quantity demanded is 90 units:
When P = 420 we have Q = 90
Let x be the change in price. For every 3 dollar increase (decrease) in price demanded quantity will decrease (increase) 1 unit:
P = 420 + x (a) we have Q = 90 - x/3 (b)
To find the relationship between P and Q we seek to eliminate x.
Multiply both sides of (b) with 3 we have: 3Q = 270 - x (b')
From (a) and (b') we have: P + 3Q = 420 + x + 270 - x
=> P = 690 - 3Q
Revenue R = P * Q = (690 - 3Q) * Q = 690Q - 3Q^2
To find maximum set derivative of R to 0:
dR = 690 - 6Q = 0
=> Q = 690/6 = 115
To lease 115 the price should be P = 690 - 3Q = 690 - 3*115 = 345
The actual correct answer is A railroads
Answer:
It belongs to Alma because Susan abandoned it and Alma took possession of it
Explanation:
By common law, Alma is a person who has found an abandoned property and she may claim it. To do this, she has to take some definite steps to show her claim. Alma can claim this abandoned piece of chair by taking it into her house, or by placing a sign on it to show that she now owns it.
If Susan was to take this to court, the court would determine the kind of item and where it was found to determine if Alma has a right to it. But since it was found in a dump site she now has the right to it.
Four frequently used targeting strategies are the micromarketing, undifferentiated, differentiated, and E. concentrated targeting strategies. A targeting strategy allows a business to decide where segments of the market are most fitting for their product. The concentrated marketing strategy for targeting audience is when you focus on one specific market segment. Instead of having your product appeal to many audiences, it is set for just one specific audience.
