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bezimeni [28]
3 years ago
14

A store has been selling skateboards at the price of $40 per board, and at this price, skaters have been buying 50 boards a mont

h. The owner of the store wishes to raise the price and estimates that for each $1 increase in price, 3 fewer boards will be sold each month. If each board costs the store $25, at what price should the store sell the boards in order to maximize profit?

Business
1 answer:
trapecia [35]3 years ago
5 0

Answer:

The store must keep the price of $40 per board to maximize its profit.  

Explanation:

As the decrease in the quantity of boards is more representative than the increase in the price. The store best combination in quantity vs price is given at the initial point

<em><u>See chart attached </u></em>

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If Aneko typically purchases radio and television commercial time slots for local customers.  These commercials are examples of <u>measured </u>media.

<h3>What is Measured Media?</h3>

Measured media is a media that comprises of the following:

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Measured media is important as it enables business owners to know the best media platform to choose when it comes to advertising their product.

Therefore these commercials are examples of <u>measured </u>media.

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7 0
3 years ago
What is the equation for Student Loan Payments? ( Economics and Finances)
Rufina [12.5K]

Answer:

p= r(PV)

    ---------

    1-(1+)^-n

p=Payment

PV= Present Value

r=rate per period

n=number of periods

Explanation:

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3 years ago
Journalize the entries to record the following.
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Answer:

Explanation:

The journal entries are shown below:

1. Petty cash A/c $1,100

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(Being the petty cash fund is established)

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(Being the expenses are recorded)

The Cash short and over is computed below:

= $1,100 - $115- $614 - $200 - $145

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Sometimes one observes that the price of a company's stock falls after the announcement of favorable earnings. This phenomenon i
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The efficient market hypothesis is a hypothesis in financial economics that states that asset prices reflect all available information. A direct consequence of this is that it is impossible to "beat" the market consistently on a risk-adjusted basis, as market prices should only respond to new information.

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3 0
2 years ago
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3 years ago
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