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7nadin3 [17]
3 years ago
13

A businessperson is setting up a new automatic car wash and is choosing between two fully automated machines. The first machine

can process up to 2,000 cars per month at a marginal cost of $1 per car. The second machine can also process up to 2,000 cars per month but at a marginal cost of $0.50 per car. The monthly lease for the machine with the higher marginal cost is $1,200. The monthly lease for the machine with the lower marginal cost is $1,590 The car wash can sell car washes for $8 per car. 1. Suppose the businessperson chooses to lease the machine with the higher marginal cost for the first month and does indeed wash 2,000 cars that month. The businessperson earned profits of____________ $ in the first month. 2. Suppose now the businessperson chooses to lease the machine with the lower marginal cost for the second month and again washes 2,000 cars that month. The businessperson earned profits of __________$ in the second month. 3. The car wash would have to wash ____________cars or more per month in order to justify paying the higher-priced machine lease.
Business
1 answer:
Grace [21]3 years ago
5 0

Answer:

i wil do it asap asap

Explanation:

asap asap

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Assume that the price of a European call expiring in six-month with a strike price of $30 is $2. Suppose that the underlying sto
Komok [63]

Answer:

correct option is c. $2.51

Explanation:

given data

strike price of $30 = $2

underlying stock price = $29

dividend = $0.50

risk-free rate = 10%

solution

we use here pit call parity  that is

c - p = s - k e^{-rt} -D    .....................1

S is current price and c is call premium and r is rate and t is time

so price of put p will be

p = c-s + k e^{-rt} + D

put here value and we get

p  = 2 -29 + 30  e^{-0.1*0.5} + 0.5  e^{-0.1*2/12}  + 0.5 e^{-0.1*5/12}

p  = 2.508

p = $2.51

so correct option is c. $2.51

8 0
3 years ago
If a country's money supply is $10 million, and there is only one bank where all of the people deposit their money. If the bank
Luden [163]

Answer:

The money multiplier of the economy is 20

Explanation:

Money multiplier is the term of economics which is defined as the maximum amount, the money supply could rise grounded on the increase in the reserve in the system of banking.

The formula used for computing the money multiplier is as:

Money Multiplier = 1 / r

where

r is the reserve ratio that is 5%

So, putting the same value above:

Money Multiplier = 1 / 5%

Money Multiplier = 20

7 0
3 years ago
According to a survey reported in the Business Week, 30% of adults in the U.S. said that the cell phone is the invention that th
zalisa [80]

Answer:

Explanation:

To calculate, the binomial distribution  formula can be applied

P(X)= nCx * Px * (1 - P)^(n - x)

Random sample of 6 adults:

P(X≥3) = P(X=3) + P(X=4) + P(X=5) + P(X=6)

(6 C 3​)0.30^3 * 0.7(6-3) + (6 C 4​)0.30^4* 0.7^(6-4) +(6 C 5​)0.30^5* 0.7^(6-5) + (6 C 6)0.30^6* 0.7^(6-6) =

0.1852+0.0595+0.0102+0.0007

= 0.2556

[6 C 3 = 6!/(6-3)!3! = 1*2*3*4*5*6/1*2*3*1*2*3, and to calculate others apply to this formula]

5 0
3 years ago
You purchased 4,400 shares in the New Pacific Growth Fund on January 2, 2016, at an offering price of $45.50 per share. The fron
matrenka [14]

Answer:

Total return  is -2.24%

Explanation:

Calculation of the initial NAV

Initial NAV = Offering price * (1-% of front end load)

Initial NAV = $45.50 * (1 - 5%)

Initial NAV = $45.50 * 0.95

Initial NAV = $43.225

Calculation of the final NAV

Final NAV = Initial NAV * (1 + (Appreciation rate - Operating expenses ratio)

Final NAV = $43.225* (1 + (5% - 1.05%))

Final NAV = $43.225 * 1 + 0.0395

Final NAV = $43.225 * 1.0395

Final NAV = $44.9323875

Calculation of the sales proceeds per share

Sales proceeds per share = Final NAV * (1 - % of back end load)

Sales proceeds per share = $44.9323875 * ( 1 - 1%)

Sales proceeds per share = $44.483063625

Calculation of the total return

Total return = (Sales proceeds per share - Offering price) / Offering price

Total return = ($44.483063625 - $45.50) / $45.50

Total return = -2.24%

7 0
2 years ago
. The use of money contributes to economic efficiency because: A. governmental direction of the production and distribution of o
Murrr4er [49]

Answer:

it promotes specialization by overcoming the problems with barter.

Explanation:

When economies are specialised workers focus on producing what they have competitive advantage in, and all other goods are purchased with the use of money. This increases economic efficiency and improves quality of products.

On the other hand the barter system involves exchange of goods between people. To get what I want I must provide the other person what they want. This promotes diversity of production with one person producing wide range of goods he does not have competitive advantage in.

So money increases economic efficiency.

4 0
3 years ago
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