Answer:
PLAN A:
(120 * 0.39) + (40 * 0.19) + 20 = $74.40
PLAN B:
(120 * 0.49) + (40 * 0.14) + 20 = $84.40
PLAN C:
$20 + $75 = $95 ;
PLAN A is optimal from 0 to 192 minutes
PLAN C is optimal from 192 minutes onward ;
Explanation:
PLAN A :
Service charge = $20
Daytime = $0.39 per minute
Evening = $0.19 per minute
PLAN B :
Service charge = $20
Daytime = $0.49 per minute
Evening = $0.14 per minute
PLAN C :
Service charge = $20
225 minutes = $75
Minutes beyond 225 = $0.36 per minute
A.)
Determine the total charge under each plan for this case: 120 minutes of day calls and 40 minutes of evening calls in a month.
PLAN A:
(120 * 0.39) + (40 * 0.19) + 20 = $74.40
PLAN B:
(120 * 0.49) + (40 * 0.14) + 20 = $84.40
PLAN C:
$20 + $75 = $95
b. If the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal?
PLAN A:
20 + 0.39D = 95
0.39D = 95 - 20
D = 75 / 0.39
D = 192.31
If sales agent jane first contacted john, after her three-month vacation to barbados. No, seller john was not her client?
<h3>Who is a sales agent?</h3>
A sales agent can be defined as someone whose sole responsibility is to sell product to potential customers and to as well market product to buyer.
Hence, seller John is not her client based on the fact that both John and Jane did not agreed on any agency relationship terms and agreement.
Learn more about sales agent here:brainly.com/question/25743891
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Answer:
$603.65
Explanation:
The correct and accurate cash balance need to be calculated. This is done by preparing a Bank Reconciliation Statement.
Bank Reconciliation Statement.
Balance as per Bank Statement $1,383.00
Add Outstanding Lodgments $0
Less Unpresented Checks ($260.50 + $425.10 + $331.00) ($1,016,60)
Add Error on Bank Statement $237.25
Balance as per Cash Book $603.65
therefore,
the adjusted ledger balance of cash as of August 31 is $603.65
Answer:
if n=1 (monopoly) we have 
if n goes to infinity (approaching competitive level), we get the competition quantity that would be 
Explanation:
In the case of a homogeneous-good Cournot model we have that firm i will solve the following profit maximizing problem
from the FPC we have that
since all firms are homogeneous this means that 
then 
the industry output is then
if n=1 (monopoly) we have
if n goes to infinity (approaching competitive level), we get the competition quantity that would be
Answer:
The price elasticity of demand is 1.14.
The price is Elastic.
Elasticity is more than one so total revenue will fall.
Explanation:
Given the initial price of good x = $12
Final price of good x = $12.90
% change in price = [(12.90 - 12) / 12] x 100 = 7.5 %
Initial quantity = 5000
Final quantity = 4600
% change in quantity = [(4600 - 5000)/5000] x 100 = -8%
Elasticity = % change in quantity / % change in price
Elasticity = 8% / 7%
Elasticity = 1.14
The price elasticity of demand is 1.14.
The price is Elastic.
Since elasticity is more than one so total revenue will fall.
